Stratos Wealth Advisors LLC Has $737,000 Position in Micron Technology, Inc. $MU

Key Points

• Stratos Wealth Advisors LLC decreased its stake in Micron Technology by 33.1%, now holding shares worth $737,000 after selling nearly 3,000 shares.
• Micron Technology's recent earnings report showed $2.86 earnings per share and revenue of $11.32 billion, exceeding analysts' estimates.
• The company announced a quarterly dividend of $0.115 per share, to be paid on October 21st, resulting in a 0.2% annualized yield.

Stratos Wealth Advisors LLC cut its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 33.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,980 shares of the semiconductor manufacturer's stock after selling 2,964 shares during the period. Stratos Wealth Advisors LLC's holdings in Micron Technology were worth $737,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA increased its position in shares of Micron Technology by 23.2% in the second quarter. Private Trust Co. NA now owns 6,065 shares of the semiconductor manufacturer's stock worth $747,000 after purchasing an additional 1,141 shares during the period. Angeles Wealth Management LLC grew its stake in Micron Technology by 2.9% during the second quarter. Angeles Wealth Management LLC now owns 4,672 shares of the semiconductor manufacturer's stock worth $576,000 after buying an additional 130 shares in the last quarter. SilverOak Wealth Management LLC increased its holdings in Micron Technology by 3.5% in the 2nd quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer's stock valued at $364,000 after buying an additional 100 shares during the period. Nordea Investment Management AB raised its position in shares of Micron Technology by 377.0% in the 2nd quarter. Nordea Investment Management AB now owns 1,395,586 shares of the semiconductor manufacturer's stock valued at $171,524,000 after buying an additional 1,103,002 shares in the last quarter. Finally, WealthPLAN Partners LLC lifted its holdings in shares of Micron Technology by 11.0% during the 2nd quarter. WealthPLAN Partners LLC now owns 2,975 shares of the semiconductor manufacturer's stock worth $367,000 after acquiring an additional 294 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Price Performance

Micron Technology stock opened at $202.38 on Friday. The stock has a 50-day moving average price of $151.20 and a two-hundred day moving average price of $117.70. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $206.34. The company has a market capitalization of $227.17 billion, a PE ratio of 26.66, a P/E/G ratio of 0.45 and a beta of 1.56. 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 quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting the consensus estimate of $2.86. The company had revenue of $11.32 billion for 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 business's quarterly revenue was up 46.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology's dividend payout ratio (DPR) is presently 6.06%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MU. Summit Insights raised shares of Micron Technology to a "strong-buy" rating in a research note on Tuesday, September 23rd. Wells Fargo & Company lifted their price target on Micron Technology from $170.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, September 24th. JPMorgan Chase & Co. boosted their price target on Micron Technology from $185.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, September 24th. Rosenblatt Securities raised their price objective on Micron Technology from $200.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Finally, Citigroup boosted their target price on Micron Technology from $200.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $198.32.

Insider Buying and Selling at Micron Technology

In related news, CEO Sanjay Mehrotra sold 21,563 shares of the firm's stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total transaction 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 $51,385,968.56. This trade represents a 7.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the transaction, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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.

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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