WT Wealth Management Invests $260,000 in Micron Technology, Inc. $MU

by · The Cerbat Gem

WT Wealth Management purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,109 shares of the semiconductor manufacturer’s stock, valued at approximately $260,000.

A number of other large investors have also recently added to or reduced their stakes in MU. 180 Wealth Advisors LLC increased its stake in Micron Technology by 1.9% during the second quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer’s stock worth $645,000 after acquiring an additional 99 shares during the last quarter. SilverOak Wealth Management LLC lifted 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 purchasing an additional 100 shares during the last quarter. Beta Wealth Group Inc. grew its holdings in shares of Micron Technology by 1.5% during the 2nd quarter. Beta Wealth Group Inc. now owns 6,805 shares of the semiconductor manufacturer’s stock worth $839,000 after purchasing an additional 102 shares during the period. HMS Capital Management LLC increased its position in shares of 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 purchasing an additional 107 shares during the last quarter. Finally, D.B. Root & Company LLC increased its position in shares of 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 purchasing an additional 108 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 transaction of $1,848,176.00. Following the sale, the chief accounting officer directly owned 40,237 shares in the company, valued at approximately $8,450,574.74. This represents a 17.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the transaction, the executive vice president owned 154,145 shares of the company’s stock, valued at $34,345,047.45. This represents a 34.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 392,171 shares of company stock worth $82,965,420 in the last quarter. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wedbush upped their target price on shares of Micron Technology from $220.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday. Susquehanna boosted their price target on shares of Micron Technology from $200.00 to $300.00 and gave the company a “positive” rating in a research note on Monday, December 8th. Cantor Fitzgerald increased their price objective on shares of Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. BNP Paribas upgraded shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a report on Monday, October 13th. Finally, TD Cowen boosted their target price on Micron Technology from $200.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $239.34.

View Our Latest Analysis on Micron Technology

Micron Technology Price Performance

Shares of MU opened at $241.14 on Monday. The company has a market cap of $271.07 billion, a P/E ratio of 31.77, a PEG ratio of 0.40 and a beta of 1.54. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $264.75. 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 firm’s 50 day moving average price is $223.10 and its 200 day moving average price is $160.42.

Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, beating the consensus estimate of $2.86 by $0.17. 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 revenue was up 46.1% compared to the same quarter last year. During the same quarter last year, the company posted $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 fiscal year.

Micron Technology Announces Dividend

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

Micron Technology Profile

(Free Report)

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.

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