Wealth Alliance Advisory Group LLC Makes New $228,000 Investment in Micron Technology, Inc. $MU

Key Points

• Wealth Alliance Advisory Group LLC acquired a new position in Micron Technology, purchasing 1,849 shares worth approximately $228,000 during the second quarter.
• Several institutional investors have recently increased their stakes in Micron Technology, with Vanguard Group Inc. owning over $8.8 billion worth of shares after adding more in the last quarter.
• Micron Technology reported $1.91 EPS for the latest quarter, surpassing analysts' expectations of $1.57, and is projected to post 6.08 EPS for the current fiscal year.

Wealth Alliance Advisory Group LLC bought a new position in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,849 shares of the semiconductor manufacturer's stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. HMS Capital Management LLC grew its holdings in shares of Micron Technology by 0.6% in the second quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer's stock worth $2,375,000 after purchasing an additional 107 shares during the last quarter. D.B. Root & Company LLC boosted its holdings in Micron Technology by 3.7% in the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer's stock valued at $262,000 after acquiring an additional 108 shares in the last quarter. Rise Advisors LLC boosted its holdings in Micron Technology by 5.3% in the first quarter. Rise Advisors LLC now owns 2,373 shares of the semiconductor manufacturer's stock valued at $206,000 after acquiring an additional 120 shares in the last quarter. Orca Wealth Management LLC boosted its holdings in Micron Technology by 1.5% in the first quarter. Orca Wealth Management LLC now owns 8,485 shares of the semiconductor manufacturer's stock valued at $737,000 after acquiring an additional 129 shares in the last quarter. Finally, Sunpointe LLC boosted its holdings in Micron Technology by 4.0% in the first quarter. Sunpointe LLC now owns 3,443 shares of the semiconductor manufacturer's stock valued at $300,000 after acquiring an additional 131 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MU shares. JPMorgan Chase & Co. lifted their price target 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. CLSA initiated coverage on shares of Micron Technology in a report on Wednesday, August 27th. They set an "outperform" rating and a $155.00 target price on the stock. KGI Securities cut shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 23rd. Raymond James Financial boosted their target price on shares of Micron Technology from $120.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, June 26th. Finally, Morgan Stanley boosted their target price on shares of Micron Technology from $98.00 to $135.00 and gave the company an "equal weight" 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $151.76.

Micron Technology Stock Up 4.4%

Micron Technology stock traded up $6.66 during mid-day trading on Friday, reaching $157.23. The stock had a trading volume of 32,223,879 shares, compared to its average volume of 18,799,406. The company has a market capitalization of $175.96 billion, a price-to-earnings ratio of 28.33 and a beta of 1.47. The company has a 50-day moving average price of $119.94 and a two-hundred day moving average price of $103.33. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $158.28. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $8.83 billion. During the same quarter in the previous year, the business posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Activity at Micron Technology

In related news, CFO Mark J. Murphy sold 34,000 shares of the business's 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 directly owned 264,036 shares in the company, valued at approximately $28,864,415.52. The trade was a 11.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP April S. Arnzen sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $125.12, for a total value of $1,876,800.00. Following the transaction, the executive vice president owned 148,167 shares of the company's stock, valued at approximately $18,538,655.04. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,946 shares of company stock worth $33,962,819 in the last quarter. 0.30% of the stock is currently owned by insiders.

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.