Stratos Wealth Advisors LLC Sells 2,964 Shares of Micron Technology, Inc. $MU

Stratos Wealth Advisors LLC lessened its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 33.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 5,980 shares of the semiconductor manufacturer’s stock after selling 2,964 shares during the period. Stratos Wealth Advisors LLC’s holdings in Micron Technology were worth $737,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MU. AllSquare Wealth Management LLC raised its position in shares of Micron Technology by 100.0% in the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after acquiring an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Micron Technology during the first quarter worth approximately $36,000. Hilltop National Bank bought a new stake in Micron Technology in the second quarter worth approximately $37,000. Saudi Central Bank acquired a new position in Micron Technology in the first quarter valued at approximately $38,000. Finally, Pinnacle Bancorp Inc. boosted its holdings 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 worth $44,000 after buying an additional 244 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on MU shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Micron Technology from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Wells Fargo & Company lifted their price target on shares of Micron Technology from $170.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Needham & Company LLC upped their price objective on shares of Micron Technology from $150.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. New Street Research restated a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. Finally, Morgan Stanley raised Micron Technology from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $160.00 to $220.00 in a research report on Monday, October 6th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $198.32.

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard M. Beyer sold 5,552 shares of Micron Technology stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $155.68, for a total transaction of $864,335.36. Following 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 position. The disclosure for this sale can be found here. Insiders sold a total of 146,956 shares of company stock worth $22,841,025 over the last quarter. Insiders own 0.30% of the company’s stock.

Micron Technology Stock Performance

Shares of MU 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. The stock has a 50 day moving average price of $151.20 and a two-hundred day moving average price of $117.70. The firm has a market capitalization of $227.17 billion, a P/E ratio of 26.66, a P/E/G ratio of 0.45 and a beta of 1.56. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $206.34.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter last year, the company earned $1.18 earnings per share. The company’s revenue for the quarter was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd will be paid a $0.115 dividend. The ex-dividend date is Friday, October 3rd. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio is presently 6.06%.

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.