IFP Advisors Inc Sells 2,108 Shares of Micron Technology, Inc. $MU

IFP Advisors Inc lessened its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 11.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,936 shares of the semiconductor manufacturer's stock after selling 2,108 shares during the quarter. IFP Advisors Inc's holdings in Micron Technology were worth $2,045,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in MU. Opal Wealth Advisors LLC bought a new stake in shares of Micron Technology during the 1st quarter worth about $33,000. AllSquare Wealth Management LLC boosted its stake in shares of Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock worth $35,000 after acquiring an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Micron Technology during the 1st quarter worth about $36,000. Hilltop National Bank bought a new stake in shares of Micron Technology during the 2nd quarter worth about $37,000. Finally, Saudi Central Bank bought a new stake in Micron Technology during the 1st quarter valued at approximately $38,000. Institutional investors own 80.84% of the company's stock.

Insider Buying and Selling

In other news, CEO Sanjay Mehrotra sold 21,563 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total value of $4,063,978.61. Following the completion of the transaction, the chief executive officer directly owned 272,648 shares of the company's stock, valued at approximately $51,385,968.56. This represents a 7.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total value of $3,716,880.00. Following the completion of the transaction, the chief financial officer directly owned 264,036 shares of the company's stock, valued at approximately $28,864,415.52. The trade was a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,956 shares of company stock valued at $22,841,025. 0.30% of the stock is currently owned by corporate insiders.

Micron Technology Trading Down 5.6%

Micron Technology stock opened at $181.60 on Friday. The business has a 50 day moving average price of $142.80 and a two-hundred day moving average price of $114.00. 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 stock has a market cap of $203.84 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 0.40 and a beta of 1.56. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $201.00.

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 firm had revenue of $11.32 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 46.1% on a year-over-year basis. 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. As a group, equities analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.3%. Micron Technology's dividend payout ratio is presently 6.06%.

Analyst Ratings Changes

Several brokerages recently weighed in on MU. Itau BBA Securities began coverage on Micron Technology in a research note on Tuesday, October 7th. They set an "outperform" rating and a $249.00 target price for the company. JPMorgan Chase & Co. increased their target price on Micron Technology from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, September 24th. Arete Research upgraded Micron Technology to a "strong-buy" rating in a research note on Friday, July 18th. Raymond James Financial increased their target price on Micron Technology from $150.00 to $190.00 and gave the company an "outperform" rating in a research note on Wednesday, September 24th. Finally, Zacks Research upgraded Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $191.78.

Micron Technology 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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