Total Wealth Planning & Management Inc. Raises Position in Micron Technology, Inc. $MU

Key Points

• Total Wealth Planning & Management Inc. increased its stake in Micron Technology by 13.2% in Q2, owning 11,249 shares valued at about $1.39 million.
• Institutional investors hold 80.84% of Micron Technology's stock, with notable increases from firms like Mission Wealth Management LP and Clarius Group LLC, indicating strong institutional confidence.
• Micron reported Q3 earnings of $2.86 EPS on revenue of $11.32 billion, exceeding analysts' expectations and indicating a year-over-year revenue growth of 46.1%.

Total Wealth Planning & Management Inc. raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 13.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,249 shares of the semiconductor manufacturer's stock after acquiring an additional 1,314 shares during the quarter. Micron Technology makes up 1.1% of Total Wealth Planning & Management Inc.'s portfolio, making the stock its 17th largest holding. Total Wealth Planning & Management Inc.'s holdings in Micron Technology were worth $1,386,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mission Wealth Management LP raised its position in shares of Micron Technology by 195.2% during the 1st quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer's stock valued at $1,360,000 after purchasing an additional 10,348 shares during the period. Stock Yards Bank & Trust Co. bought a new stake in Micron Technology in the 1st quarter valued at $228,000. Clarius Group LLC increased its holdings in Micron Technology by 57.9% in the 1st quarter. Clarius Group LLC now owns 14,238 shares of the semiconductor manufacturer's stock valued at $1,237,000 after acquiring an additional 5,220 shares during the last quarter. Kera Capital Partners Inc. bought a new stake in Micron Technology in the 2nd quarter valued at $211,000. Finally, Tcfg Wealth Management LLC bought a new stake in Micron Technology in the 2nd quarter valued at $208,000. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Price Performance

MU stock opened at $192.33 on Friday. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $201.00. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $141.26 and a 200 day moving average price of $113.25. The stock has a market cap of $215.88 billion, a PE ratio of 25.34, a P/E/G ratio of 0.43 and a beta of 1.56.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting analysts' consensus estimates of $2.86. The firm had revenue of $11.32 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the company earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, October 3rd. Micron Technology's payout ratio is 6.06%.

Insider Buying and Selling at Micron Technology

In other news, EVP April S. Arnzen sold 15,000 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president owned 131,580 shares of the company's stock, valued at approximately $21,584,383.20. This represents a 10.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 21,563 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 272,648 shares of the company's stock, valued at $51,385,968.56. The trade was a 7.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,956 shares of company stock valued at $22,841,025 in the last three months. Company insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MU shares. JPMorgan Chase & Co. lifted their price target on shares of Micron Technology from $185.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. Wolfe Research lifted their price target on shares of Micron Technology from $160.00 to $180.00 and gave the company an "outperform" rating in a report on Wednesday, September 17th. Itau BBA Securities initiated coverage on shares of Micron Technology in a report on Tuesday. They issued an "outperform" rating and a $249.00 target price on the stock. Needham & Company LLC boosted their target price on shares of Micron Technology from $150.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Finally, Arete Research upgraded shares of Micron Technology to a "strong-buy" rating in a report on Friday, July 18th. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $191.78.

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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