Bulltick Wealth Management LLC Has $863,000 Stock Position in Micron Technology, Inc. $MU

Bulltick Wealth Management LLC lessened its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 26.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 7,000 shares of the semiconductor manufacturer’s stock after selling 2,500 shares during the quarter. Bulltick Wealth Management LLC’s holdings in Micron Technology were worth $863,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MU. 180 Wealth Advisors LLC raised its holdings in shares of Micron Technology by 1.9% during the second quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer’s stock valued at $645,000 after purchasing an additional 99 shares during the period. SilverOak Wealth Management LLC grew its stake in shares of Micron Technology by 3.5% in the 2nd quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer’s stock valued at $364,000 after buying an additional 100 shares during the period. Beta Wealth Group Inc. increased its position in Micron Technology by 1.5% in the 2nd quarter. Beta Wealth Group Inc. now owns 6,805 shares of the semiconductor manufacturer’s stock valued at $839,000 after buying an additional 102 shares in the last quarter. HMS Capital Management LLC raised its stake in Micron Technology by 0.6% during the 2nd quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock worth $2,375,000 after buying an additional 107 shares during the period. Finally, D.B. Root & Company LLC raised its stake in Micron Technology by 3.7% during the 1st quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock worth $262,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MU. Itau BBA Securities initiated coverage on Micron Technology in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 price objective for the company. Morgan Stanley increased their target price on Micron Technology from $220.00 to $325.00 and gave the stock an “overweight” rating in a report on Thursday. Wells Fargo & Company lifted their price target on shares of Micron Technology from $220.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. UBS Group upped their price objective on shares of Micron Technology from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Finally, Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $209.39.

Micron Technology Stock Performance

Shares of MU stock opened at $246.83 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The firm has a 50-day moving average of $193.55 and a 200-day moving average of $140.18. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $257.07. The company has a market cap of $277.06 billion, a P/E ratio of 32.52, a P/E/G ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping 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 net margin of 22.84% and a return on equity of 17.21%. The firm’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities 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. Investors 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 of this dividend was Friday, October 3rd. Micron Technology’s dividend payout ratio (DPR) is presently 6.06%.

Insiders Place Their Bets

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the transaction, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 3,743 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the completion of the transaction, the chief executive officer owned 396,578 shares of the company’s stock, valued at $92,557,339.42. This trade represents a 0.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 409,756 shares of company stock valued at $85,308,033. 0.30% of the stock is owned by insiders.

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.