Woodard & Co. Asset Management Group Inc. ADV Lowers Stake in Micron Technology, Inc. $MU

Key Points

• Woodard & Co. Asset Management Group Inc. ADV reduced its stake in Micron Technology by 41.4% in the second quarter, leaving it with 9,204 shares valued at approximately $1,134,000.
• Micron Technology reported a net margin of 22.84% and a year-over-year revenue increase of 46.1% in its last quarterly earnings.
• Several analysts have recently raised their target prices for Micron Technology, with Deutsche Bank setting a new target of $200.00 and UBS Group increasing theirs to $245.00.

Woodard & Co. Asset Management Group Inc. ADV reduced its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 41.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,204 shares of the semiconductor manufacturer's stock after selling 6,501 shares during the period. Woodard & Co. Asset Management Group Inc. ADV's holdings in Micron Technology were worth $1,134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hilltop National Bank purchased a new stake in shares of Micron Technology during the second quarter valued at approximately $37,000. Dogwood Wealth Management LLC raised its holdings in Micron Technology by 259.6% during the 2nd quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer's stock valued at $44,000 after buying an additional 257 shares during the last quarter. AllSquare Wealth Management LLC boosted its position in Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock valued at $35,000 after buying an additional 200 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new stake in Micron Technology in the 1st quarter worth $36,000. Finally, Saudi Central Bank bought a new position in shares of Micron Technology during the first quarter valued at about $38,000. 80.84% of the stock is owned by institutional investors.

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the sale, the executive vice president owned 131,580 shares in the company, 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 SEC, which can be accessed through this hyperlink. Also, Director Richard M. Beyer sold 5,552 shares of the business's stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $155.68, for a total value of $864,335.36. Following the completion of the transaction, the director directly owned 96,031 shares in the company, valued at approximately $14,950,106.08. This represents a 5.47% decrease in their ownership of the stock. 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 over the last three months. Corporate insiders own 0.30% of the company's stock.

Micron Technology Stock Performance

Shares of MU opened at $202.38 on Friday. The firm has a market capitalization of $227.16 billion, a P/E ratio of 26.66, a PEG ratio of 0.45 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $206.34. The business has a fifty day moving average of $151.20 and a 200 day moving average of $117.50.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting the consensus estimate of $2.86. The firm had revenue of $11.32 billion for 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 business's quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, October 3rd. Micron Technology's dividend payout ratio is presently 6.06%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Micron Technology from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. UBS Group lifted their target price on shares of Micron Technology from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Thursday. Wedbush boosted their price objective on shares of Micron Technology from $200.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Rosenblatt Securities lifted their target price on shares of Micron Technology from $200.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. Finally, Bank of America upped their price target on Micron Technology from $140.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $198.32.

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.

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