Mission Wealth Management LP Decreases Stock Holdings in Micron Technology, Inc. $MU

Mission Wealth Management LP trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 9.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,174 shares of the semiconductor manufacturer’s stock after selling 1,476 shares during the period. Mission Wealth Management LP’s holdings in Micron Technology were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MU. Nuveen LLC purchased a new stake in Micron Technology during the first quarter valued at $369,191,000. Vanguard Group Inc. raised its position in shares of Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after buying an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of 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 valued at $922,467,000 after buying an additional 2,038,641 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Micron Technology by 26.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after buying an additional 1,416,174 shares in the last quarter. Finally, Keystone Investors PTE Ltd. purchased a new stake in Micron Technology during the first quarter valued at approximately $96,253,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

MU stock opened at $223.77 on Monday. The firm has a market cap of $251.17 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 0.51 and a beta of 1.56. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $232.40. The business’s fifty day simple moving average is $169.83 and its two-hundred day simple moving average is $128.54. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26.

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

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is 6.06%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MU shares. Rosenblatt Securities upped their price objective on Micron Technology from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. KeyCorp increased their price target on Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Needham & Company LLC increased their target price on shares of Micron Technology from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. New Street Research reissued a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. Finally, Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $202.79.

Insiders Place Their Bets

In other news, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the transaction, the executive vice president owned 154,145 shares in the company, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction 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 owned 131,580 shares in the company, valued at approximately $21,584,383.20. This represents a 10.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 271,256 shares of company stock worth $53,931,979 in the last ninety days. 0.30% of the stock is owned by company insiders.

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.