Greykasell Wealth Strategies Inc. Acquires 1,770 Shares of Micron Technology, Inc. $MU

Greykasell Wealth Strategies Inc. grew its holdings in Micron Technology, Inc. (NASDAQ:MU) by 867.6% during the second quarter, Holdings Channel.com reports. The firm owned 1,974 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,770 shares during the period. Greykasell Wealth Strategies Inc.’s holdings in Micron Technology were worth $243,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MU. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Micron Technology by 46.0% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 3,431 shares of the semiconductor manufacturer’s stock valued at $423,000 after buying an additional 1,081 shares during the last quarter. LSV Asset Management grew its holdings in Micron Technology by 214,262.5% during the 2nd quarter. LSV Asset Management now owns 342,980 shares of the semiconductor manufacturer’s stock worth $42,272,000 after acquiring an additional 342,820 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Micron Technology by 13.9% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 2,828,275 shares of the semiconductor manufacturer’s stock valued at $348,585,000 after acquiring an additional 345,676 shares in the last quarter. Thames Capital Management LLC bought a new position in shares of Micron Technology in the second quarter worth about $11,373,000. Finally, Beta Wealth Group Inc. raised its stake in shares of Micron Technology by 1.5% in the second quarter. Beta Wealth Group Inc. now owns 6,805 shares of the semiconductor manufacturer’s stock worth $839,000 after acquiring an additional 102 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Insider Activity

In related news, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chief financial officer owned 219,693 shares in the company, valued at $49,499,029.83. This represents a 36.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mehrotra sold 3,743 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $233.39, for a total value of $873,578.77. Following the sale, the chief executive officer directly owned 396,578 shares in the company, valued at $92,557,339.42. The trade was a 0.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 409,756 shares of company stock worth $85,308,033 over the last three months. Company insiders own 0.30% of the company’s stock.

Micron Technology Trading Down 2.0%

NASDAQ MU opened at $241.95 on Tuesday. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $260.58. The stock has a 50-day simple moving average of $195.76 and a 200 day simple moving average of $141.34. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $271.58 billion, a PE ratio of 31.88, a P/E/G ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The firm had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company’s revenue was up 46.1% compared to the same quarter last year. During the same quarter last 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 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were issued 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 yield of 0.2%. Micron Technology’s payout ratio is currently 6.06%.

Analysts Set New Price Targets

A number of analysts recently weighed in on MU shares. Wall Street Zen lowered shares of Micron Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday. Piper Sandler increased their price objective on Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Summit Insights raised Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. Wedbush lifted their price objective on Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Finally, KGI Securities raised Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $211.18.

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.