Phoenix Wealth Advisors Sells 571 Shares of Micron Technology, Inc. $MU

Phoenix Wealth Advisors trimmed its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 11.9% in the second quarter, Holdings Channel.com reports. The fund owned 4,233 shares of the semiconductor manufacturer’s stock after selling 571 shares during the quarter. Phoenix Wealth Advisors’ holdings in Micron Technology were worth $522,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MU. Nuveen LLC bought a new position in Micron Technology during the 1st quarter worth approximately $369,191,000. Vanguard Group Inc. lifted its holdings in Micron Technology by 2.1% in the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after buying an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. boosted its position in Micron Technology by 23.8% during 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 acquiring an additional 2,038,641 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 worth $590,807,000 after acquiring an additional 1,416,174 shares during the period. Finally, Keystone Investors PTE Ltd. bought a new position in shares of Micron Technology in the 1st quarter worth about $96,253,000. 80.84% of the stock is currently owned by institutional investors.

Insider Activity at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 3,743 shares of Micron Technology stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the sale, the chief executive officer owned 396,578 shares of the company’s stock, valued at approximately $92,557,339.42. The trade was a 0.93% decrease in their ownership of the stock. The sale 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 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 directly owned 154,145 shares of the company’s stock, valued at $34,345,047.45. This represents a 34.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 409,756 shares of company stock worth $85,308,033. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MU has been the subject of several recent analyst reports. New Street Research reaffirmed a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. Cantor Fitzgerald boosted their target price on Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Wells Fargo & Company raised their price objective on Micron Technology from $220.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Wolfe Research upped their target price on Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Finally, Morgan Stanley upped their price objective on shares of Micron Technology from $220.00 to $325.00 and gave the stock an “overweight” rating in a report on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $209.39.

Micron Technology Stock Down 3.2%

Micron Technology stock opened at $236.95 on Friday. 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 cap of $265.97 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $257.07. The firm’s 50-day simple moving average is $191.24 and its 200 day simple moving average is $138.13.

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, topping analysts’ consensus estimates of $2.86 by $0.17. The firm had revenue of $11.32 billion for 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%.The company’s revenue was up 46.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently declared 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. The ex-dividend date 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%.

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.