Peak Financial Advisors LLC Purchases Shares of 4,846 Micron Technology, Inc. $MU

Key Points

• Peak Financial Advisors LLC recently acquired 4,846 shares of Micron Technology, Inc. valued at approximately $597,000 in the second quarter.
• Micron Technology reported $1.91 earnings per share for the last quarter, exceeding expectations, and set its Q4 2025 guidance between 2.350-2.650 EPS.
• Several analysts have increased their price targets for Micron Technology, with Robert W. Baird raising it to $200.00 and Citigroup to $175.00, indicating strong market sentiment.

Peak Financial Advisors LLC purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,846 shares of the semiconductor manufacturer's stock, valued at approximately $597,000.

Other hedge funds have also modified their holdings of the company. Sunbeam Capital Management LLC purchased a new stake in shares of Micron Technology during the fourth quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new stake in shares of Micron Technology during the first quarter valued at about $33,000. Roxbury Financial LLC lifted its position in shares of Micron Technology by 306.1% during the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock valued at $37,000 after buying an additional 300 shares during the last quarter. AllSquare Wealth Management LLC lifted its position 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 valued at $35,000 after buying an additional 200 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Micron Technology during the first quarter valued at about $36,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $157.23 on Friday. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $158.28. The company's 50 day moving average is $119.94 and its 200 day moving average is $103.25. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. The company has a market cap of $175.96 billion, a PE ratio of 28.33 and a beta of 1.47.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $8.83 billion. During the same quarter in the prior year, the company earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 92,638 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $125.49, for a total value of $11,625,142.62. Following the transaction, the executive vice president owned 201,326 shares in the company, valued at approximately $25,264,399.74. This represents a 31.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $3,716,880.00. Following the completion of the transaction, the chief financial officer owned 264,036 shares in the company, valued at approximately $28,864,415.52. This trade represents a 11.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 275,946 shares of company stock worth $33,962,819 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MU has been the topic of several recent analyst reports. Robert W. Baird upped their price objective on shares of Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, June 27th. Citigroup upped their price objective on shares of Micron Technology from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday. CLSA assumed coverage on shares of Micron Technology in a report on Wednesday, August 27th. They set an "outperform" rating and a $155.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of Micron Technology from $165.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. Finally, Bank of America upped their price objective on shares of Micron Technology from $84.00 to $140.00 and gave the company a "neutral" rating in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Micron Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.76.

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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