Sequoia Financial Advisors LLC Has $5.26 Million Position in Micron Technology, Inc. $MU

Key Points

• Sequoia Financial Advisors LLC increased its holdings in Micron Technology by 7.4%, amounting to a total of 42,655 shares worth approximately $5.26 million.
• Multiple analysts have recently upgraded their price targets for Micron Technology, with Morgan Stanley raising their target to $220.00 and categorizing it as an "overweight" investment.
• Micron Technology reported earnings of $2.86 per share, meeting analyst estimates, with a revenue increase of 46.1% from the same quarter last year.

Sequoia Financial Advisors LLC boosted its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 7.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,655 shares of the semiconductor manufacturer's stock after buying an additional 2,935 shares during the period. Sequoia Financial Advisors LLC's holdings in Micron Technology were worth $5,257,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in Micron Technology in the first quarter valued at approximately $33,000. AllSquare Wealth Management LLC raised its holdings in Micron Technology by 100.0% in 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. acquired a new stake in Micron Technology in the first quarter worth $36,000. Hilltop National Bank acquired a new stake in Micron Technology in the second quarter worth $37,000. Finally, Saudi Central Bank acquired a new stake in Micron Technology in the first quarter worth $38,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the transaction, the executive vice president owned 131,580 shares of the company's stock, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of Micron Technology stock in a transaction dated 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 directly owned 264,036 shares of the company's stock, 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 sold a total of 146,956 shares of company stock worth $22,841,025 in the last three months. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MU shares. TD Cowen increased their target price 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. Citigroup increased their target price on shares of Micron Technology from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Wall Street Zen upgraded shares of Micron Technology from a "buy" rating to a "strong-buy" rating in a report on Sunday. The Goldman Sachs Group raised their price objective on shares of Micron Technology from $145.00 to $180.00 and gave the stock a "neutral" rating in a report on Thursday, October 9th. Finally, Morgan Stanley upgraded shares of Micron Technology from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $160.00 to $220.00 in a report on Monday, October 6th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $194.57.

Micron Technology Stock Down 3.0%

Micron Technology stock opened at $187.06 on Wednesday. The company has a market cap of $209.97 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 0.42 and a beta of 1.56. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $201.00. The company has a fifty day simple moving average of $146.06 and a 200 day simple moving average of $115.39. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU - Get Free Report) last released 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 business had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm's revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share 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. Investors of record on Friday, October 3rd will be given 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 yield of 0.2%. Micron Technology's dividend payout ratio (DPR) is 6.06%.

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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