1,872 Shares in Micron Technology, Inc. $MU Purchased by Cypress Wealth Services LLC

Key Points

• Cypress Wealth Services LLC acquired 1,872 shares of Micron Technology, valued at approximately $231,000, reflecting ongoing interest from institutional investors in the semiconductor manufacturer.
• Micron's quarterly earnings met expectations with $2.86 EPS and revenue of $11.32 billion, showing a significant year-over-year revenue increase of 46.1%.
• The company declared a quarterly dividend of $0.115 per share, with a payout ratio of 6.06%, signaling confidence in its financial health.

Cypress Wealth Services LLC purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,872 shares of the semiconductor manufacturer's stock, valued at approximately $231,000.

A number of other large investors have also recently made changes to their positions in the company. Bayforest Capital Ltd purchased a new position in shares of Micron Technology during the 2nd quarter worth about $108,000. RFG Advisory LLC boosted its position in Micron Technology by 16.6% in the 2nd quarter. RFG Advisory LLC now owns 2,743 shares of the semiconductor manufacturer's stock valued at $338,000 after buying an additional 391 shares during the period. Axxcess Wealth Management LLC boosted its position in Micron Technology by 35.1% in the 2nd quarter. Axxcess Wealth Management LLC now owns 10,147 shares of the semiconductor manufacturer's stock valued at $1,251,000 after buying an additional 2,635 shares during the period. NorthRock Partners LLC boosted its position in Micron Technology by 6.0% in the 2nd quarter. NorthRock Partners LLC now owns 10,830 shares of the semiconductor manufacturer's stock valued at $1,335,000 after buying an additional 609 shares during the period. Finally, Verdence Capital Advisors LLC boosted its position in Micron Technology by 15.5% in the 2nd quarter. Verdence Capital Advisors LLC now owns 121,122 shares of the semiconductor manufacturer's stock valued at $14,928,000 after buying an additional 16,211 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Trading Down 3.0%

NASDAQ:MU opened at $187.06 on Wednesday. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $201.00. 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 firm has a market cap of $209.97 billion, a P/E ratio of 24.65, a P/E/G ratio of 0.42 and a beta of 1.56. The firm has a 50-day simple moving average of $146.06 and a 200-day simple moving average of $115.39.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting the consensus estimate of $2.86. The business 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%. The company's quarterly revenue was up 46.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Friday, October 3rd will be paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, October 3rd. Micron Technology's payout ratio is 6.06%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. New Street Research reissued a "neutral" rating on shares of Micron Technology in a research report on Tuesday. Raymond James Financial boosted their price objective on shares of Micron Technology from $150.00 to $190.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. KGI Securities raised shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. boosted their price objective on shares of Micron Technology from $185.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. Finally, Cantor Fitzgerald boosted their price objective on shares of Micron Technology from $185.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $194.57.

Insider Activity

In related news, CEO Sanjay Mehrotra sold 21,563 shares of the business's stock in a transaction that occurred on 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 $51,385,968.56. The trade was a 7.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard M. Beyer sold 5,552 shares of the business's stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $155.68, for a total transaction of $864,335.36. Following the transaction, the director owned 96,031 shares of the company's stock, valued at approximately $14,950,106.08. This trade represents a 5.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,956 shares of company stock worth $22,841,025. Insiders own 0.30% of the company's stock.

About Micron Technology

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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