Activest Wealth Management Sells 1,683 Shares of Micron Technology, Inc. $MU

Key Points

• Activest Wealth Management decreased its holdings in Micron Technology by 7.8% during the 2nd quarter, selling 1,683 shares, which now accounts for approximately 0.6% of its investment portfolio.
• Micron Technology reported $2.86 earnings per share and revenue of $11.32 billion for the last quarter, outperforming analyst expectations and showing a 46.1% year-over-year revenue increase.
• The company also declared a quarterly dividend of $0.115 per share, which is set to be paid on October 21, with an annualized dividend yield of 0.2%.

Activest Wealth Management reduced its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 7.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,787 shares of the semiconductor manufacturer's stock after selling 1,683 shares during the quarter. Micron Technology accounts for approximately 0.6% of Activest Wealth Management's investment portfolio, making the stock its 21st biggest holding. Activest Wealth Management's holdings in Micron Technology were worth $2,439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MU. HMS Capital Management LLC lifted 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 valued at $2,375,000 after acquiring an additional 107 shares during the period. D.B. Root & Company LLC raised its holdings in Micron Technology by 3.7% during the first 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 last quarter. Werlinich Asset Management LLC raised its holdings in Micron Technology by 1.1% during the second quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer's stock worth $1,317,000 after buying an additional 115 shares during the last quarter. Rise Advisors LLC raised its holdings in Micron Technology by 5.3% during the first quarter. Rise Advisors LLC now owns 2,373 shares of the semiconductor manufacturer's stock worth $206,000 after buying an additional 120 shares during the last quarter. Finally, Orca Wealth Management LLC raised its holdings in Micron Technology by 1.5% during the first quarter. Orca Wealth Management LLC now owns 8,485 shares of the semiconductor manufacturer's stock worth $737,000 after buying an additional 129 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $191.94 on Thursday. 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 has a market capitalization of $215.45 billion, a PE ratio of 25.29, a P/E/G ratio of 0.41 and a beta of 1.56. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $201.00. The company has a 50-day moving average price of $147.72 and a two-hundred day moving average price of $115.92.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting 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%. The company's quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter last year, the business earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the sale, the executive vice president directly owned 131,580 shares of the company's stock, valued at $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 21,563 shares of the firm'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 sale, the chief executive officer directly owned 272,648 shares in the company, valued at $51,385,968.56. This represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 146,956 shares of company stock valued at $22,841,025. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on MU. Zacks Research upgraded shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Stifel Nicolaus upped their price objective on shares of Micron Technology from $173.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, September 22nd. JPMorgan Chase & Co. increased their target price on shares of Micron Technology from $185.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. Itau BBA Securities initiated coverage on shares of Micron Technology in a report on Tuesday, October 7th. They issued an "outperform" rating and a $249.00 target price for the company. Finally, Arete Research upgraded shares of Micron Technology to a "strong-buy" rating in a report on Friday, July 18th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $194.57.

Micron Technology Company 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.

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