Micron Technology, Inc. $MU Position Boosted by Avestar Capital LLC

Avestar Capital LLC increased its position in Micron Technology, Inc. (NASDAQ:MU) by 46.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,443 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,677 shares during the period. Avestar Capital LLC’s holdings in Micron Technology were worth $1,041,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Advisors Wealth Management LLC bought a new position in Micron Technology during the 2nd quarter worth approximately $266,000. Amundi raised its position in shares of Micron Technology by 35.0% during the 2nd quarter. Amundi now owns 3,394,051 shares of the semiconductor manufacturer’s stock valued at $413,192,000 after acquiring an additional 880,319 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Micron Technology by 42.2% during the 2nd quarter. Baird Financial Group Inc. now owns 247,929 shares of the semiconductor manufacturer’s stock valued at $30,557,000 after acquiring an additional 73,559 shares in the last quarter. Guggenheim Capital LLC lifted its stake in Micron Technology by 18.9% during the second quarter. Guggenheim Capital LLC now owns 489,957 shares of the semiconductor manufacturer’s stock worth $60,387,000 after purchasing an additional 77,846 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Micron Technology by 7.2% in the second quarter. EverSource Wealth Advisors LLC now owns 6,239 shares of the semiconductor manufacturer’s stock worth $769,000 after purchasing an additional 421 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Stock Performance

Shares of MU stock opened at $237.22 on Friday. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $260.58. 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 capitalization of $266.67 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 0.50 and a beta of 1.54. The business has a 50 day simple moving average of $215.54 and a 200 day simple moving average of $154.46.

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

Micron Technology Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. BNP Paribas Exane upgraded shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 target price for the company in a research note on Monday, October 13th. UBS Group lifted their price target on shares of Micron Technology from $245.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, November 20th. JPMorgan Chase & Co. increased their price objective on shares of Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Bank of America raised their target price on shares of Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. Finally, The Goldman Sachs Group upped their target price on Micron Technology from $180.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $221.46.

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 3,743 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the completion of the transaction, the chief executive officer directly owned 396,578 shares in the company, valued at $92,557,339.42. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the transaction, the executive vice president owned 154,145 shares in the company, valued at $34,345,047.45. This represents a 34.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 399,852 shares of company stock worth $84,048,737. 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.