Wealth Enhancement Advisory Services LLC Boosts Holdings in Micron Technology, Inc. $MU

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 9.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,797 shares of the semiconductor manufacturer’s stock after acquiring an additional 8,621 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Micron Technology were worth $11,715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital Advisory Group Advisory Services LLC increased its holdings in Micron Technology by 4.7% during the 2nd quarter. Capital Advisory Group Advisory Services LLC now owns 4,852 shares of the semiconductor manufacturer’s stock valued at $598,000 after acquiring an additional 217 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Micron Technology by 2.6% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 417,800 shares of the semiconductor manufacturer’s stock worth $51,494,000 after buying an additional 10,600 shares in the last quarter. Swedbank AB grew its holdings in shares of Micron Technology by 1.4% during the second quarter. Swedbank AB now owns 3,274,635 shares of the semiconductor manufacturer’s stock worth $403,599,000 after buying an additional 45,868 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Micron Technology by 4.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,968 shares of the semiconductor manufacturer’s stock worth $18,114,000 after buying an additional 6,164 shares in the last quarter. Finally, Sunflower Bank N.A. purchased a new stake in shares of Micron Technology during the second quarter worth about $201,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MU shares. Wolfe Research lifted their price target on shares of Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Cantor Fitzgerald lifted their price target on shares of Micron Technology from $155.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, September 15th. KGI Securities downgraded shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Micron Technology from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, Piper Sandler boosted their target price on shares of Micron Technology from $120.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.54.

Micron Technology Price Performance

MU opened at $164.62 on Tuesday. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $170.45. The company has a 50 day moving average of $124.74 and a two-hundred day moving average of $106.27. The company has a market cap of $184.23 billion, a P/E ratio of 29.66 and a beta of 1.47.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $8.83 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, July 7th. Micron Technology’s payout ratio is presently 8.29%.

Insider Buying and Selling at Micron Technology

In other news, CFO Mark J. Murphy sold 34,000 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the transaction, the chief financial officer directly owned 264,036 shares of the company’s stock, valued at approximately $28,864,415.52. The trade was a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sumit Sadana sold 92,638 shares of the business’s stock in a transaction on Friday, June 27th. The stock was sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the transaction, the executive vice president directly owned 201,326 shares in the company, valued at approximately $25,264,399.74. The trade was a 31.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 255,946 shares of company stock valued at $32,306,159. 0.30% of the stock is owned by company insiders.

Micron Technology Profile

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.