Micron Technology, Inc. $MU Shares Sold by Signal Advisors Wealth LLC

Key Points

• Signal Advisors Wealth LLC reduced its stake in Micron Technology, Inc. by 64.1%, resulting in ownership of 4,784 shares valued at $590,000 as of its latest SEC filing.
• Insider selling was notable, with EVP April S. Arnzen selling 15,000 shares and EVP Sumit Sadana selling 92,638 shares, decreasing their ownership significantly.
• Micron Technology's shares opened at $162.73, with a market capitalization of $182.11 billion and a consensus price target of $163.50 according to analysts' evaluations.

Signal Advisors Wealth LLC reduced its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 64.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,784 shares of the semiconductor manufacturer's stock after selling 8,538 shares during the quarter. Signal Advisors Wealth LLC's holdings in Micron Technology were worth $590,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock valued at $8,854,644,000 after purchasing an additional 2,049,163 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock valued at $922,467,000 after purchasing an additional 2,038,641 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Micron Technology by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer's stock valued at $602,917,000 after purchasing an additional 58,285 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Micron Technology by 26.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock valued at $590,807,000 after purchasing an additional 1,416,174 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Micron Technology by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,366,631 shares of the semiconductor manufacturer's stock valued at $379,417,000 after purchasing an additional 17,970 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

MU traded up $3.28 on Tuesday, reaching $167.90. 9,784,674 shares of the stock were exchanged, compared to its average volume of 22,747,727. The company's 50-day moving average price is $124.74 and its 200 day moving average price is $106.27. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $170.45. 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 firm has a market capitalization of $187.90 billion, a PE ratio of 30.31 and a beta of 1.47.

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

Micron Technology Announces Dividend

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

Wall Street Analyst Weigh In

MU has been the subject of several research reports. CLSA initiated coverage on Micron Technology in a research note on Wednesday, August 27th. They set an "outperform" rating and a $155.00 price target for the company. UBS Group increased their price target on Micron Technology from $155.00 to $185.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Stifel Nicolaus increased their price target on Micron Technology from $145.00 to $173.00 and gave the stock a "buy" rating in a research note on Monday. Wells Fargo & Company increased their price target on Micron Technology from $150.00 to $170.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Finally, Wedbush increased their price target on Micron Technology from $165.00 to $200.00 and gave the stock an "outperform" rating in a research note on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $165.54.

Insider Transactions at Micron Technology

In related news, Director Steven J. Gomo sold 7,000 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $125.15, for a total value of $876,050.00. Following the transaction, the director owned 22,762 shares in the company, valued at $2,848,664.30. The trade was a 23.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sanjay Mehrotra sold 13,798 shares of the business's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $162.20, for a total value of $2,238,035.60. Following the sale, the chief executive officer directly owned 325,148 shares in the company, valued at $52,739,005.60. This trade represents a 4.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 255,946 shares of company stock valued at $32,306,159 in the last 90 days. Insiders own 0.30% of the company's stock.

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.