WCG Wealth Advisors LLC Takes $1.72 Million Position in Micron Technology, Inc. $MU

WCG Wealth Advisors LLC acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,913 shares of the semiconductor manufacturer’s stock, valued at approximately $1,715,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Blueshift Asset Management LLC acquired a new position in Micron Technology during the 2nd quarter worth approximately $651,000. Quantbot Technologies LP bought a new stake in shares of Micron Technology in the second quarter worth $4,063,000. Smith Moore & CO. acquired a new position in Micron Technology during the second quarter worth $219,000. River Road Asset Management LLC boosted its holdings in Micron Technology by 7.9% during the second quarter. River Road Asset Management LLC now owns 156,048 shares of the semiconductor manufacturer’s stock worth $19,233,000 after purchasing an additional 11,406 shares during the last quarter. Finally, Orleans Capital Management Corp LA bought a new position in Micron Technology in the second quarter valued at $256,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Activity at Micron Technology

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $225.31, for a total value of $28,389,060.00. Following the transaction, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at $49,499,029.83. This represents a 36.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the sale, the chief executive officer owned 446,578 shares of the company’s stock, valued at $98,568,696.16. This trade represents a 4.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 407,352 shares of company stock valued at $85,029,962 over the last three months. Company insiders own 0.30% of the company’s stock.

Micron Technology Price Performance

NASDAQ:MU opened at $239.49 on Wednesday. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $260.58. The firm has a market capitalization of $269.22 billion, a price-to-earnings ratio of 31.55, a P/E/G ratio of 0.51 and a beta of 1.54. The stock’s 50 day moving average price is $211.10 and its two-hundred day moving average price is $152.01. 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 earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same period in the previous year, the firm 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. On average, analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, October 3rd. Micron Technology’s payout ratio is currently 6.06%.

Analysts Set New Price Targets

Several brokerages have commented on MU. KeyCorp boosted their price target on shares of Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Itau BBA Securities started coverage on Micron Technology in a report on Tuesday, October 7th. They set an “outperform” rating and a $249.00 target price on the stock. CLSA began coverage on Micron Technology in a research report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price target for the company. Wolfe Research boosted their price target on Micron Technology from $200.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Zacks Research upgraded 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-seven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $221.29.

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.