Shelton Wealth Management LLC Has $1.57 Million Stock Holdings in Micron Technology, Inc. $MU

Key Points

• Shelton Wealth Management LLC increased its stake in Micron Technology by 22.5% during Q2, acquiring an additional 2,337 shares, bringing its total holdings to 12,737 shares valued at approximately $1.57 million.
• A variety of research analysts have upgraded their price targets for Micron Technology, with estimates ranging from $130.00 to $180.00, indicating a strong consensus for a "Moderate Buy" rating among analysts.
• Insider trading activity included the sale of 7,000 shares by Director Steven J. Gomo and 34,000 shares by CFO Mark J. Murphy, reflecting a decrease in their positions of 23.52% and 11.41% respectively.

Shelton Wealth Management LLC boosted its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 22.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,737 shares of the semiconductor manufacturer's stock after buying an additional 2,337 shares during the quarter. Shelton Wealth Management LLC's holdings in Micron Technology were worth $1,570,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. HMS Capital Management LLC lifted its position in shares of Micron Technology by 0.6% in the second quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer's stock worth $2,375,000 after purchasing an additional 107 shares in the last quarter. D.B. Root & Company LLC increased its stake in Micron Technology by 3.7% in the 1st quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer's stock valued at $262,000 after buying an additional 108 shares during the last quarter. Werlinich Asset Management LLC lifted its position in Micron Technology by 1.1% during the 2nd 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 in the last quarter. Rise Advisors LLC boosted its stake in shares of Micron Technology by 5.3% during the 1st 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 grew its holdings in shares of Micron Technology by 1.5% in the 1st quarter. Orca Wealth Management LLC now owns 8,485 shares of the semiconductor manufacturer's stock valued at $737,000 after acquiring an additional 129 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Buying and Selling

In other Micron Technology news, Director Mary Pat Mccarthy sold 2,404 shares of Micron Technology stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total value of $278,070.68. Following the completion of the transaction, the director directly owned 20,146 shares of the company's stock, valued at $2,330,287.82. The trade was a 10.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $125.15, for a total value of $876,050.00. Following the sale, the director directly owned 22,762 shares in the company, valued at approximately $2,848,664.30. This trade represents a 23.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,946 shares of company stock valued at $34,242,567 in the last quarter. Corporate insiders own 0.30% of the company's stock.

Micron Technology Stock Performance

NASDAQ MU traded up $1.89 on Monday, reaching $164.62. The stock had a trading volume of 25,407,839 shares, compared to its average volume of 22,821,734. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. The company has a market cap of $184.23 billion, a P/E ratio of 29.66 and a beta of 1.47. The firm has a fifty day moving average of $123.82 and a two-hundred day moving average of $105.77. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $170.45.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The company had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. During the same quarter in the previous year, the business posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, equities research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.46 annualized dividend and a dividend yield of 0.3%. Micron Technology's dividend payout ratio (DPR) is currently 8.29%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MU. Zacks Research raised Micron Technology from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. KGI Securities lowered shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Arete Research upgraded shares of Micron Technology to a "strong-buy" rating in a research note on Friday, July 18th. Barclays boosted their price objective on shares of Micron Technology from $140.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Raymond James Financial raised their target price on shares of Micron Technology from $120.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Micron Technology has a consensus rating of "Moderate Buy" and an average price target of $165.54.

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.