RPS Advisory Solutions LLC Acquires New Holdings in Micron Technology, Inc. $MU

RPS Advisory Solutions LLC bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 2,349 shares of the semiconductor manufacturer’s stock, valued at approximately $290,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC grew its holdings in Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after buying an additional 976 shares during the last quarter. Stratos Wealth Advisors LLC boosted its stake in shares of Micron Technology by 9.0% during the first quarter. Stratos Wealth Advisors LLC now owns 8,944 shares of the semiconductor manufacturer’s stock valued at $777,000 after acquiring an additional 736 shares during the last quarter. Silverlake Wealth Management LLC increased its position in Micron Technology by 20.5% during the 1st quarter. Silverlake Wealth Management LLC now owns 3,298 shares of the semiconductor manufacturer’s stock worth $287,000 after purchasing an additional 562 shares in the last quarter. Greenleaf Trust raised its stake in Micron Technology by 4.7% in the 1st quarter. Greenleaf Trust now owns 33,268 shares of the semiconductor manufacturer’s stock valued at $2,891,000 after purchasing an additional 1,493 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its holdings in Micron Technology by 7.5% in the 1st quarter. Rehmann Capital Advisory Group now owns 3,361 shares of the semiconductor manufacturer’s stock valued at $292,000 after purchasing an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Wall Street Analyst Weigh In

MU has been the subject of a number of recent research reports. Raymond James Financial lifted their price target on shares of Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. TD Cowen boosted their price target on Micron Technology from $150.00 to $180.00 and gave the company a “buy” rating in a report on Friday, September 19th. New Street Research reissued a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. Citigroup lifted their price objective on Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, Barclays raised their price target on Micron Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and an average price target of $202.79.

Insiders Place Their Bets

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the sale, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. This represents a 36.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the sale, the executive vice president owned 131,580 shares in the company, valued at $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 397,256 shares of company stock worth $82,321,039. Company insiders own 0.30% of the company’s stock.

Micron Technology Price Performance

Micron Technology stock opened at $238.33 on Friday. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $267.52 billion, a P/E ratio of 31.40, a PEG ratio of 0.51 and a beta of 1.62. The firm has a fifty day moving average of $178.95 and a 200-day moving average of $132.25. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $246.41.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting the consensus estimate of $2.86. The company had revenue of $11.32 billion for the quarter, compared to analyst estimates 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 was up 46.1% compared to the same quarter last year. During the same period last year, the company posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were paid a $0.115 dividend. The ex-dividend date was Friday, October 3rd. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology’s payout ratio is 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.