Bogart Wealth LLC Sells 373 Shares of Micron Technology, Inc. $MU

Bogart Wealth LLC cut its holdings in Micron Technology, Inc. (NASDAQ:MU) by 32.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 763 shares of the semiconductor manufacturer’s stock after selling 373 shares during the period. Bogart Wealth LLC’s holdings in Micron Technology were worth $94,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MU. Brighton Jones LLC increased its holdings in shares of Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after buying an additional 976 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Micron Technology by 20.5% during the 1st quarter. GAMMA Investing LLC now owns 21,561 shares of the semiconductor manufacturer’s stock worth $1,873,000 after purchasing an additional 3,667 shares during the period. Flagship Harbor Advisors LLC boosted its stake in shares of Micron Technology by 2.3% during the 1st quarter. Flagship Harbor Advisors LLC now owns 14,682 shares of the semiconductor manufacturer’s stock worth $1,276,000 after purchasing an additional 324 shares during the period. Moser Wealth Advisors LLC purchased a new position in shares of Micron Technology during the 1st quarter worth about $95,000. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Micron Technology by 16.8% during the 1st quarter. JFS Wealth Advisors LLC now owns 1,963 shares of the semiconductor manufacturer’s stock worth $171,000 after purchasing an additional 282 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Insider Transactions at Micron Technology

In other news, Director Richard M. Beyer sold 5,552 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total value of $864,335.36. Following the completion of the sale, the director owned 96,031 shares of the company’s stock, valued at approximately $14,950,106.08. This represents a 5.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 21,563 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the completion of the sale, the chief executive officer directly owned 272,648 shares of the company’s stock, valued at $51,385,968.56. The trade was a 7.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 112,956 shares of company stock valued at $19,124,145. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

MU has been the subject of a number of recent analyst reports. Bank of America lifted their price target on shares of Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 24th. New Street Research reaffirmed a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. Piper Sandler lifted their price target on shares of Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. KeyCorp lifted 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. Finally, Barclays lifted their price target on shares of Micron Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $200.64.

Micron Technology Price Performance

Micron Technology stock opened at $206.77 on Tuesday. The stock has a market cap of $232.09 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 0.45 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $214.75. The firm has a 50-day moving average of $152.86 and a two-hundred day moving average of $119.00.

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

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, October 3rd. Micron Technology’s dividend payout ratio is presently 6.06%.

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.