Pinnacle Wealth Planning Services Inc. Acquires 1,081 Shares of Micron Technology, Inc. $MU

Pinnacle Wealth Planning Services Inc. grew its holdings in Micron Technology, Inc. (NASDAQ:MU) by 46.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,431 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,081 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Micron Technology were worth $423,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MU. Achmea Investment Management B.V. bought a new position in Micron Technology during the second quarter valued at approximately $3,759,000. KLP Kapitalforvaltning AS raised its stake in Micron Technology by 6.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock valued at $49,683,000 after buying an additional 23,600 shares during the last quarter. Cornerstone Investment Partners LLC lifted its holdings in shares of Micron Technology by 1.6% during the 2nd quarter. Cornerstone Investment Partners LLC now owns 773,768 shares of the semiconductor manufacturer’s stock valued at $95,367,000 after buying an additional 12,061 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of Micron Technology by 6.4% during the 2nd quarter. Moors & Cabot Inc. now owns 23,111 shares of the semiconductor manufacturer’s stock valued at $2,848,000 after buying an additional 1,386 shares during the period. Finally, Tcfg Wealth Management LLC purchased a new position in shares of Micron Technology in the 2nd quarter worth $208,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Itau BBA Securities began coverage on Micron Technology in a research report on Tuesday, October 7th. They set an “outperform” rating and a $249.00 price objective for the company. Zacks Research upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Piper Sandler increased their price objective on shares of Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Weiss Ratings raised shares of Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, November 1st. Finally, Mizuho boosted their target price on shares of Micron Technology from $240.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $211.18.

Insider Activity

In related news, EVP Scott J. Deboer sold 82,000 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the transaction, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This represents a 34.72% decrease in their position. 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 stock in a transaction 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 completion of the sale, the executive vice president owned 131,580 shares of the company’s stock, valued at $21,584,383.20. The trade was a 10.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 409,756 shares of company stock worth $85,308,033 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

Micron Technology Trading Down 5.6%

Shares of NASDAQ:MU opened at $228.50 on Wednesday. The stock has a 50 day moving average of $197.63 and a 200 day moving average of $142.38. The company has a market cap of $256.48 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $260.58. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last released its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter last year, the business earned $1.18 EPS. The firm’s revenue was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were paid a dividend of $0.115 per share. The ex-dividend date was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis 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.