Calamos Wealth Management LLC Purchases 517 Shares of Micron Technology, Inc. $MU

Calamos Wealth Management LLC raised its position in Micron Technology, Inc. (NASDAQ:MU) by 9.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,260 shares of the semiconductor manufacturer’s stock after purchasing an additional 517 shares during the quarter. Calamos Wealth Management LLC’s holdings in Micron Technology were worth $772,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. AllSquare Wealth Management LLC raised its position in Micron Technology by 100.0% in the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $35,000 after purchasing an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Micron Technology during the first quarter worth about $36,000. Hilltop National Bank bought a new position in shares of Micron Technology during the second quarter worth about $37,000. Saudi Central Bank bought a new position in shares of Micron Technology during the first quarter worth about $38,000. Finally, Pinnacle Bancorp Inc. raised its position in shares of Micron Technology by 91.0% during the first quarter. Pinnacle Bancorp Inc. now owns 512 shares of the semiconductor manufacturer’s stock worth $44,000 after acquiring an additional 244 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Trading Down 0.1%

Shares of MU stock opened at $202.38 on Monday. The company has a market cap of $227.17 billion, a P/E ratio of 26.66, a PEG ratio of 0.45 and a beta of 1.56. The stock has a 50 day simple moving average of $151.20 and a two-hundred day simple moving average of $118.00. 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.

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

Micron Technology Announces Dividend

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

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 21,563 shares of the firm’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 value of $4,063,978.61. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the firm’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 completion of the sale, the executive vice president directly owned 131,580 shares of the company’s stock, valued at $21,584,383.20. This trade represents a 10.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,956 shares of company stock valued at $22,841,025. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

MU has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Micron Technology in a research report on Tuesday, October 14th. Wall Street Zen upgraded Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday, October 12th. Rosenblatt Securities raised their price objective on Micron Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Robert W. Baird raised their price objective on Micron Technology from $163.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, June 27th. Finally, Mizuho raised their price objective on Micron Technology from $195.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday. Five research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus 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.