Pinnacle Wealth Management Advisory Group LLC Acquires 1,545 Shares of Micron Technology, Inc. $MU

Pinnacle Wealth Management Advisory Group LLC raised its holdings in Micron Technology, Inc. (NASDAQ:MU) by 35.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,902 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,545 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Micron Technology were worth $727,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC purchased a new position in Micron Technology in the 1st quarter valued at approximately $369,191,000. Vanguard Group Inc. boosted its holdings in shares of Micron Technology by 2.1% in the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock worth $8,854,644,000 after acquiring an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Micron Technology by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after purchasing an additional 2,038,641 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Micron Technology by 26.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after purchasing an additional 1,416,174 shares during the period. Finally, Keystone Investors PTE Ltd. purchased a new stake in Micron Technology during the 1st quarter worth about $96,253,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MU. Wedbush lifted their target price on Micron Technology from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Summit Insights upgraded shares of Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. Weiss Ratings upgraded shares of Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, November 1st. Arete Research upgraded Micron Technology to a “strong-buy” rating in a research report on Friday, July 18th. Finally, KGI Securities raised Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus price target of $205.64.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the sale, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer directly owned 40,237 shares in the company, valued at $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 397,256 shares of company stock valued at $82,321,039. Insiders own 0.30% of the company’s stock.

Micron Technology Trading Down 0.2%

NASDAQ MU opened at $237.92 on Monday. The stock’s 50-day simple moving average is $181.33 and its two-hundred day simple moving average is $134.31. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $246.41. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $267.06 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 0.51 and a beta of 1.62.

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

Micron Technology Announces Dividend

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