Wealthfront Advisers LLC Purchases 8,489 Shares of Micron Technology, Inc. $MU

Wealthfront Advisers LLC boosted its position in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) by 9.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 95,396 shares of the semiconductor manufacturer’s stock after purchasing an additional 8,489 shares during the quarter. Wealthfront Advisers LLC’s holdings in Micron Technology were worth $15,962,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Edgemoor Investment Advisors Inc. bought a new position in shares of Micron Technology during the third quarter worth $227,000. Arista Wealth Management LLC acquired a new stake in Micron Technology during the 3rd quarter worth $509,000. AlTi Global Inc. acquired a new stake in Micron Technology during the 3rd quarter worth $1,453,000. Profund Advisors LLC lifted its holdings in Micron Technology by 1.7% during the third quarter. Profund Advisors LLC now owns 155,473 shares of the semiconductor manufacturer’s stock worth $26,014,000 after acquiring an additional 2,597 shares in the last quarter. Finally, Midwest Financial Group LLC lifted its holdings in Micron Technology by 1.9% during the third quarter. Midwest Financial Group LLC now owns 23,325 shares of the semiconductor manufacturer’s stock worth $3,903,000 after acquiring an additional 425 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

NASDAQ MU opened at $373.05 on Wednesday. The firm’s 50 day moving average is $324.22 and its 200-day moving average is $226.41. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $419.87 billion, a PE ratio of 35.46 and a beta of 1.51. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $455.50.

Micron Technology (NASDAQ:MUGet Free Report) last announced its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. During the same quarter in the prior year, the company posted $1.79 earnings per share. The firm’s revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were given a $0.115 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s payout ratio is currently 4.37%.

More Micron Technology News

Here are the key news stories impacting Micron Technology this week:

Insiders Place Their Bets

In related news, CAO Scott R. Allen sold 2,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total transaction of $675,000.00. Following the sale, the chief accounting officer owned 38,237 shares in the company, valued at approximately $12,904,987.50. This represents a 4.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Manish H. Bhatia sold 26,623 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total value of $10,410,657.92. Following the completion of the transaction, the executive vice president owned 323,486 shares of the company’s stock, valued at approximately $126,495,965.44. This represents a 7.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have acquired 23,200 shares of company stock valued at $7,821,723 and have sold 73,623 shares valued at $27,307,408. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

MU has been the subject of several recent analyst reports. William Blair began coverage on Micron Technology in a report on Thursday, January 22nd. They issued an “outperform” rating for the company. JPMorgan Chase & Co. increased their target price on Micron Technology from $220.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. Wedbush set a $320.00 price target on shares of Micron Technology in a research note on Thursday, December 18th. The Goldman Sachs Group upped their price target on shares of Micron Technology from $205.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, December 18th. Finally, Wall Street Zen upgraded shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Six research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $349.76.

Read Our Latest Research Report on MU

About Micron Technology

(Free Report)

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

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Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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