RFG Advisory LLC Acquires 391 Shares of Micron Technology, Inc. $MU

RFG Advisory LLC grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 16.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,743 shares of the semiconductor manufacturer’s stock after acquiring an additional 391 shares during the quarter. RFG Advisory LLC’s holdings in Micron Technology were worth $338,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. AllSquare Wealth Management LLC boosted its position in shares of 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 acquiring an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Micron Technology during the 1st quarter valued at about $36,000. Hilltop National Bank bought a new stake in shares of Micron Technology during the 2nd quarter valued at about $37,000. Saudi Central Bank bought a new stake in shares of Micron Technology during the 1st quarter valued at about $38,000. Finally, Pinnacle Bancorp Inc. boosted its position in shares of Micron Technology by 91.0% during the 1st quarter. Pinnacle Bancorp Inc. now owns 512 shares of the semiconductor manufacturer’s stock valued at $44,000 after acquiring an additional 244 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

Shares of MU stock opened at $202.38 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $206.34. The stock has a 50 day moving average price of $151.20 and a two-hundred day moving average price of $117.70. The company has a market capitalization of $227.17 billion, a P/E ratio of 26.66, a PEG ratio of 0.45 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting the consensus estimate of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the previous year, the company posted $1.18 earnings per share. The business’s revenue was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Analysts expect 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. The ex-dividend date is Friday, October 3rd. This represents a $0.46 annualized dividend and a yield of 0.2%. Micron Technology’s payout ratio is presently 6.06%.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 21,563 shares of the business’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 transaction, the chief executive officer directly owned 272,648 shares of the company’s stock, valued at approximately $51,385,968.56. The trade was a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the business’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 transaction, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,956 shares of company stock worth $22,841,025. 0.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Needham & Company LLC lifted their price target on Micron Technology from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Raymond James Financial lifted their price target on Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. KeyCorp boosted their target price on Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. BNP Paribas upgraded Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Micron Technology in a research report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $198.32.

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.