Micron Technology, Inc. $MU Shares Purchased by SilverOak Wealth Management LLC

by · The Markets Daily

SilverOak Wealth Management LLC boosted its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,955 shares of the semiconductor manufacturer’s stock after acquiring an additional 100 shares during the period. SilverOak Wealth Management LLC’s holdings in Micron Technology were worth $364,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hilltop National Bank acquired a new stake in Micron Technology in the second quarter valued at $37,000. Dogwood Wealth Management LLC raised its holdings in Micron Technology by 259.6% in the second quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock valued at $44,000 after acquiring an additional 257 shares in the last quarter. AllSquare Wealth Management LLC raised its holdings in shares of Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 200 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Micron Technology during the first quarter worth $36,000. Finally, Saudi Central Bank acquired a new stake in shares of Micron Technology during the first quarter worth $38,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 21,563 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the completion of the transaction, the chief executive officer owned 272,648 shares in the company, valued at approximately $51,385,968.56. This trade represents a 7.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the transaction, the executive vice president owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,956 shares of company stock worth $22,841,025. 0.30% of the stock is currently owned by corporate insiders.

Micron Technology Stock Performance

Shares of MU opened at $202.53 on Friday. The firm has a 50-day moving average price of $149.53 and a 200 day moving average price of $116.72. The firm has a market capitalization of $227.33 billion, a PE ratio of 26.68, a P/E/G ratio of 0.42 and a beta of 1.56. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $206.34.

Micron Technology (NASDAQ:MU – Get Free Report) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.86. The firm had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. Micron Technology’s revenue was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, sell-side analysts anticipate 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 will be paid on Tuesday, October 21st. Investors of record on Friday, October 3rd will be given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, October 3rd. Micron Technology’s dividend payout ratio is currently 6.06%.

Analysts Set New Price Targets

MU has been the topic of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Piper Sandler increased their target price on shares of Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Wall Street Zen raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 12th. Wolfe Research increased their target price on shares of Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Finally, The Goldman Sachs Group increased their target price on shares of Micron Technology from $145.00 to $180.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Five investment 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $196.71.

Check Out Our Latest Report on Micron Technology

Micron Technology Company 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.

Further Reading

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