Apollon Wealth Management LLC Lowers Stake in Micron Technology, Inc. $MU

Apollon Wealth Management LLC reduced its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 7.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 26,051 shares of the semiconductor manufacturer’s stock after selling 1,960 shares during the period. Apollon Wealth Management LLC’s holdings in Micron Technology were worth $3,211,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

MU has been the subject of several recent analyst reports. Cantor Fitzgerald raised their target price on shares of Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Erste Group Bank initiated coverage on shares of Micron Technology in a research note on Thursday, August 14th. They issued a “buy” rating for the company. Barclays raised their target price on shares of Micron Technology from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. KeyCorp raised their target price on shares of Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Finally, Wolfe Research raised their target price on shares of Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and an average price target of $191.78.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Richard M. Beyer sold 5,552 shares of Micron Technology stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $155.68, for a total transaction of $864,335.36. Following the completion of the transaction, the director owned 96,031 shares in the company, valued at approximately $14,950,106.08. The trade was a 5.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 21,563 shares of Micron Technology stock in a transaction dated 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 sale, the chief executive officer owned 272,648 shares of the company’s stock, valued at approximately $51,385,968.56. This trade represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,956 shares of company stock worth $22,841,025. 0.30% of the stock is currently owned by insiders.

Micron Technology Stock Performance

Shares of MU opened at $181.60 on Monday. 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 stock has a market cap of $203.84 billion, a P/E ratio of 23.93, a PEG ratio of 0.40 and a beta of 1.56. The company has a 50-day moving average of $142.80 and a two-hundred day moving average of $114.16. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $201.00.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.86. The company 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 quarterly revenue was up 46.1% compared to the same quarter last year. During the same quarter 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. As a group, research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be given a dividend of $0.115 per share. The ex-dividend date is Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.3%. Micron Technology’s payout ratio is presently 6.06%.

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.