B. Riley Wealth Advisors Inc. Acquires Shares of 20,127 Micron Technology, Inc. $MU

B. Riley Wealth Advisors Inc. bought a new stake in Micron Technology, Inc. (NASDAQ:MU) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 20,127 shares of the semiconductor manufacturer’s stock, valued at approximately $2,481,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. First Command Advisory Services Inc. lifted its position in shares of Micron Technology by 225.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 153 shares during the last quarter. Howard Hughes Medical Institute bought a new position in Micron Technology in the second quarter valued at about $30,000. AlphaQuest LLC grew its position in Micron Technology by 13,250.0% in the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 265 shares during the last quarter. WealthCollab LLC raised its stake in Micron Technology by 4,500.0% during the second quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 270 shares in the last quarter. Finally, Hilltop National Bank bought a new position in shares of Micron Technology in the second quarter worth about $37,000. Institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 22,500 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $220.72, for a total value of $4,966,200.00. Following the sale, the chief executive officer directly owned 446,578 shares in the company, valued at $98,568,696.16. This represents a 4.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of the 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 sale, the executive vice president directly owned 154,145 shares of the company’s stock, valued at $34,345,047.45. This represents a 34.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 392,171 shares of company stock valued at $82,965,420 in the last ninety days. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MU. Summit Insights raised shares of Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Weiss Ratings raised shares of Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, November 1st. Barclays upped their price target on shares of Micron Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. KGI Securities raised Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Finally, UBS Group restated a “buy” rating and set a $295.00 price objective on shares of Micron Technology in a research report on Thursday. Five investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $236.59.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $241.14 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $264.75. The firm has a market cap of $271.07 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 0.40 and a beta of 1.54. The firm’s fifty day moving average is $223.10 and its 200-day moving average is $160.42.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.17. The business 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%.Micron Technology’s quarterly revenue was up 46.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Sell-side analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. 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.