WT Wealth Management Invests $260,000 in Micron Technology, Inc. $MU

WT Wealth Management bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,109 shares of the semiconductor manufacturer’s stock, valued at approximately $260,000.

Several other large investors have also recently made changes to their positions in MU. 180 Wealth Advisors LLC grew its position in Micron Technology by 1.9% during the second quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer’s stock valued at $645,000 after buying an additional 99 shares during the period. SilverOak Wealth Management LLC boosted its stake in shares of Micron Technology by 3.5% during the 2nd quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer’s stock worth $364,000 after acquiring an additional 100 shares in the last quarter. Beta Wealth Group Inc. grew its position in shares of Micron Technology by 1.5% during the 2nd quarter. Beta Wealth Group Inc. now owns 6,805 shares of the semiconductor manufacturer’s stock valued at $839,000 after acquiring an additional 102 shares during the period. HMS Capital Management LLC grew its position in shares of Micron Technology by 0.6% during the 2nd quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock valued at $2,375,000 after acquiring an additional 107 shares during the period. Finally, D.B. Root & Company LLC increased its stake in shares of Micron Technology by 3.7% in the 1st quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock valued at $262,000 after purchasing an additional 108 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Trading Down 6.7%

Shares of MU opened at $241.14 on Monday. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $264.75. The stock has a market cap of $271.07 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 0.40 and a beta of 1.54. The firm’s fifty day moving average is $223.10 and its two-hundred day moving average is $160.42. 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 issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.17. The business had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same period in the prior year, the business earned $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 fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were 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 was Friday, October 3rd. Micron Technology’s dividend payout ratio (DPR) is 6.06%.

Wall Street Analysts Forecast Growth

MU has been the topic of a number of recent analyst reports. HSBC began coverage on Micron Technology in a research report on Tuesday, December 9th. They set a “buy” rating and a $330.00 price target on the stock. Wedbush increased their target price on Micron Technology from $220.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday. Cowen reissued a “buy” rating on shares of Micron Technology in a report on Thursday. Morgan Stanley upped their price objective on shares of Micron Technology to $338.00 and gave the stock an “overweight” rating in a research report on Monday, November 24th. Finally, Citigroup lifted their target price on shares of Micron Technology from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $239.34.

Insider Buying and Selling

In other news, EVP April S. Arnzen sold 15,000 shares of the company’s 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 completion of the sale, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. This represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mehrotra sold 22,500 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $220.72, for a total value of $4,966,200.00. Following the completion of the sale, the chief executive officer directly owned 446,578 shares of the company’s stock, valued at approximately $98,568,696.16. This represents a 4.80% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 392,171 shares of company stock valued at $82,965,420. 0.24% of the stock is currently 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.