Cwm LLC Acquires 77,881 Shares of Micron Technology, Inc. $MU

Key Points

• Cwm LLC significantly increased its holdings in Micron Technology by 233.5%, now owning 111,233 shares worth approximately $13.7 million following the acquisition of 77,881 shares.
• Micron Technology reported Q4 earnings of $2.86 per share, meeting analysts' expectations, and generated $11.32 billion in revenue, exceeding forecasts.
• The company's quarterly dividend of $0.115 will be paid on October 21st, reflecting an annualized yield of 0.2% and indicating a low dividend payout ratio of 6.06%.

Cwm LLC raised its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 233.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,233 shares of the semiconductor manufacturer's stock after buying an additional 77,881 shares during the period. Cwm LLC's holdings in Micron Technology were worth $13,709,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Micron Technology during the first quarter worth approximately $33,000. AllSquare Wealth Management LLC increased its stake 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. bought a new position in shares of Micron Technology during the first quarter worth approximately $36,000. Hilltop National Bank bought a new position in shares of Micron Technology during the second quarter worth approximately $37,000. Finally, Saudi Central Bank bought a new position in shares of Micron Technology during the first quarter worth approximately $38,000. Institutional investors own 80.84% of the company's stock.

Micron Technology Trading Up 6.2%

Shares of MU stock opened at $192.77 on Tuesday. The stock's fifty day moving average price is $144.50 and its two-hundred day moving average price is $114.89. The company has a market cap of $216.38 billion, a PE ratio of 25.40, a P/E/G ratio of 0.40 and a beta of 1.56. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week 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.

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, meeting analysts' consensus estimates of $2.86. The firm had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company's revenue was up 46.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders 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 (DPR) is currently 6.06%.

Insider Buying and Selling at Micron Technology

In related news, CEO Sanjay Mehrotra sold 21,563 shares of the firm's stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the sale, the chief executive officer owned 272,648 shares of the company's stock, valued at $51,385,968.56. This trade represents a 7.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard M. Beyer sold 5,552 shares of the firm's 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 sale, the director directly owned 96,031 shares in the company, 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 quarter, 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 Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Micron Technology in a research note on Saturday, September 27th. Summit Insights upgraded Micron Technology to a "strong-buy" rating in a research note on Tuesday, September 23rd. Raymond James Financial raised their price objective on Micron Technology from $150.00 to $190.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Micron Technology from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Finally, KeyCorp raised their price objective on Micron Technology from $160.00 to $215.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 24th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $194.57.

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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