Micron Technology, Inc. $MU Stock Holdings Lifted by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC raised its position in Micron Technology, Inc. (NASDAQ:MU) by 46.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,866 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,233 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Micron Technology were worth $476,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AllSquare Wealth Management LLC grew its stake in Micron Technology by 100.0% in the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Micron Technology in the first quarter worth about $36,000. Hilltop National Bank acquired a new stake in shares of Micron Technology in the second quarter worth about $37,000. Saudi Central Bank acquired a new stake in shares of Micron Technology in the first quarter worth about $38,000. Finally, Pinnacle Bancorp Inc. lifted its position in shares of Micron Technology by 91.0% in the first quarter. Pinnacle Bancorp Inc. now owns 512 shares of the semiconductor manufacturer’s stock worth $44,000 after buying an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

NASDAQ MU opened at $198.47 on Thursday. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $214.75. 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 market capitalization of $222.78 billion, a PE ratio of 26.15, a P/E/G ratio of 0.45 and a beta of 1.56. The stock has a 50-day simple moving average of $155.84 and a 200 day simple moving average of $120.12.

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

Micron Technology Announces Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. Robert W. Baird boosted their price target on Micron Technology from $163.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, June 27th. Cantor Fitzgerald boosted their price target on Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft boosted their price target on Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Stifel Nicolaus boosted their price target on Micron Technology from $173.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Finally, New Street Research reaffirmed a “neutral” rating on shares of Micron Technology in a research report on Tuesday, October 14th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and a consensus price target of $200.64.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the transaction, the executive vice president owned 131,580 shares of the company’s stock, valued at $21,584,383.20. This represents a 10.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Scott R. Allen sold 8,800 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the transaction, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. This trade represents a 17.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,256 shares of company stock valued at $25,564,625 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

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.