Allworth Financial LP Boosts Position in Micron Technology, Inc. $MU

Allworth Financial LP lifted its position in Micron Technology, Inc. (NASDAQ:MU) by 175.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,924 shares of the semiconductor manufacturer’s stock after buying an additional 16,508 shares during the quarter. Allworth Financial LP’s holdings in Micron Technology were worth $3,195,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after purchasing an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Micron Technology by 23.8% during the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after buying an additional 2,038,641 shares during the period. Charles Schwab Investment Management Inc. grew its position in Micron Technology by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer’s stock worth $602,917,000 after buying an additional 58,285 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Micron Technology by 26.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock worth $590,807,000 after acquiring an additional 1,416,174 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Micron Technology by 1.6% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,434,898 shares of the semiconductor manufacturer’s stock worth $546,601,000 after acquiring an additional 68,267 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the completion of the transaction, the chief financial officer owned 219,693 shares of the company’s stock, valued at $49,499,029.83. This represents a 36.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the sale, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 409,756 shares of company stock worth $85,308,033 in the last quarter. 0.30% of the stock is currently owned by company insiders.

Micron Technology Stock Performance

Shares of MU stock opened at $244.90 on Thursday. The company has a market capitalization of $274.89 billion, a P/E ratio of 32.27, a PEG ratio of 0.51 and a beta of 1.62. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $257.07. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The stock has a 50 day moving average price of $188.99 and a two-hundred day moving average price of $137.44.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting the consensus estimate of $2.86. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were paid a $0.115 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is presently 6.06%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MU. Wolfe Research upped their price objective on shares of Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. KeyCorp raised their price objective on shares of Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Summit Insights upgraded shares of Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. Raymond James Financial increased their target price on Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Micron Technology from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Five analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $205.64.

Micron Technology Company 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.