Avantax Advisory Services Inc. Has $5.37 Million Holdings in Micron Technology, Inc. $MU

Avantax Advisory Services Inc. lessened its position in Micron Technology, Inc. (NASDAQ:MU) by 7.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,557 shares of the semiconductor manufacturer’s stock after selling 3,398 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Micron Technology were worth $5,368,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. lifted its holdings in shares of Micron Technology by 69.1% in the second quarter. Westwood Holdings Group Inc. now owns 104,904 shares of the semiconductor manufacturer’s stock valued at $12,929,000 after purchasing an additional 42,859 shares in the last quarter. MJP Associates Inc. ADV acquired a new position in Micron Technology during the second quarter valued at $244,000. Cetera Investment Advisers lifted its stake in Micron Technology by 8.6% in the 2nd quarter. Cetera Investment Advisers now owns 258,505 shares of the semiconductor manufacturer’s stock worth $31,861,000 after acquiring an additional 20,437 shares in the last quarter. Cedar Wealth Management LLC boosted its position in Micron Technology by 1,139.1% during the 2nd quarter. Cedar Wealth Management LLC now owns 855 shares of the semiconductor manufacturer’s stock worth $105,000 after acquiring an additional 786 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Micron Technology by 7.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 274,091 shares of the semiconductor manufacturer’s stock valued at $33,782,000 after acquiring an additional 19,294 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on MU. BNP Paribas raised shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 13th. Morgan Stanley upped their price objective on shares of Micron Technology from $220.00 to $325.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Susquehanna lifted their target price on shares of Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, September 17th. UBS Group boosted their price target on shares of Micron Technology from $225.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Finally, KeyCorp upped their price target on shares of Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Micron Technology presently has an average rating of “Buy” and an average price target of $211.18.

Insider Buying and Selling

In related news, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the transaction, the executive vice president directly owned 154,145 shares in the company, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction 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 transaction, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. This represents a 36.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 409,756 shares of company stock worth $85,308,033. 0.30% of the stock is currently owned by company insiders.

Micron Technology Price Performance

NASDAQ MU opened at $228.50 on Wednesday. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $260.58. The stock’s 50-day moving average is $197.63 and its two-hundred day moving average is $142.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The firm has a market cap of $256.48 billion, a P/E ratio of 30.11, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.17. The company had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm’s revenue was up 46.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

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.