Balboa Wealth Partners Sells 2,139 Shares of Micron Technology, Inc. $MU

Key Points

• Balboa Wealth Partners sold 2,139 shares of Micron Technology, reducing its holdings by 9.2% to 21,128 shares, valued at approximately $2.6 million.
• Insider transactions revealed that Director Richard M. Beyer sold 5,552 shares for over $864,000, indicating insider selling trends at the company.
• Wall Street analysts are optimistic about Micron's future, with upgraded price targets indicating potential stock values ranging from $180 to $250.

Balboa Wealth Partners trimmed its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 9.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,128 shares of the semiconductor manufacturer's stock after selling 2,139 shares during the period. Balboa Wealth Partners' holdings in Micron Technology were worth $2,604,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MU. Brighton Jones LLC boosted its holdings in shares of Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after buying an additional 976 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Micron Technology by 20.5% during the 1st quarter. GAMMA Investing LLC now owns 21,561 shares of the semiconductor manufacturer's stock worth $1,873,000 after buying an additional 3,667 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in shares of Micron Technology by 25.2% during the 1st quarter. Johnson Investment Counsel Inc. now owns 9,017 shares of the semiconductor manufacturer's stock worth $783,000 after buying an additional 1,814 shares during the period. PFG Investments LLC boosted its holdings in shares of Micron Technology by 7.9% during the 1st quarter. PFG Investments LLC now owns 24,663 shares of the semiconductor manufacturer's stock worth $2,143,000 after buying an additional 1,813 shares during the period. Finally, Stonegate Investment Group LLC boosted its holdings in shares of Micron Technology by 15.1% during the 1st quarter. Stonegate Investment Group LLC now owns 3,983 shares of the semiconductor manufacturer's stock worth $346,000 after buying an additional 522 shares during the period. 80.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Micron Technology

In other news, Director Richard M. Beyer sold 5,552 shares of the stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total value of $864,335.36. Following the completion of the transaction, the director owned 96,031 shares in the company, valued at approximately $14,950,106.08. This represents a 5.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the completion of the transaction, the chief financial officer owned 264,036 shares of the company's stock, valued at approximately $28,864,415.52. This represents a 11.41% 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. Corporate insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

MU has been the subject of several recent analyst reports. Susquehanna upped their price objective on shares of Micron Technology from $160.00 to $200.00 and gave the stock a "positive" rating in a report on Wednesday, September 17th. 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. Rosenblatt Securities upped their price objective on shares of Micron Technology from $200.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. TD Cowen upped their price objective on shares of Micron Technology from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, September 19th. Finally, Arete Research raised shares of Micron Technology to a "strong-buy" rating in a report on Friday, July 18th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $198.32.

Micron Technology Price Performance

NASDAQ:MU opened at $202.38 on Monday. The stock has a market cap of $227.17 billion, a P/E ratio of 26.66, a PEG ratio of 0.45 and a beta of 1.56. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $206.34. The company has a fifty day moving average price of $151.20 and a 200 day moving average price of $118.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79.

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

Micron Technology Dividend Announcement

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

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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