Merit Financial Group LLC Buys 14,913 Shares of Micron Technology, Inc. $MU

Merit Financial Group LLC grew its stake in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) by 69.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,470 shares of the semiconductor manufacturer’s stock after acquiring an additional 14,913 shares during the period. Merit Financial Group LLC’s holdings in Micron Technology were worth $6,102,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MU. Orleans Capital Management Corp LA acquired a new stake in Micron Technology during the second quarter worth about $256,000. Cary Street Partners Financial LLC grew its stake in shares of Micron Technology by 25.0% in the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock valued at $3,221,000 after buying an additional 5,233 shares during the period. Wealthspire Advisors LLC grew its stake in shares of Micron Technology by 27.8% in the 2nd quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock valued at $1,818,000 after buying an additional 3,208 shares during the period. KLP Kapitalforvaltning AS increased its holdings in shares of Micron Technology by 6.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock worth $49,683,000 after buying an additional 23,600 shares during the last quarter. Finally, WealthBridge Capital Management LLC purchased a new stake in shares of Micron Technology during the 2nd quarter valued at approximately $210,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology News Roundup

Here are the key news stories impacting Micron Technology this week:

Micron Technology Trading Down 2.3%

Shares of MU stock opened at $285.84 on Friday. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $298.83. The company has a 50 day moving average price of $243.94 and a 200 day moving average price of $175.54. The stock has a market capitalization of $321.71 billion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 0.18 and a beta of 1.54. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46.

Micron Technology (NASDAQ:MUGet Free Report) last issued its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, beating the consensus estimate of $3.77 by $1.01. The company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The firm’s revenue was up 56.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th will be given a $0.115 dividend. The ex-dividend date of this dividend is Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is currently 4.37%.

Insider Buying and Selling

In other news, Director Steven J. Gomo sold 5,000 shares of Micron Technology stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $263.63, for a total value of $1,318,150.00. Following the completion of the transaction, the director owned 19,139 shares in the company, valued at approximately $5,045,614.57. This trade represents a 20.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the sale, the executive vice president owned 154,145 shares in the company, valued at $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 349,163 shares of company stock worth $77,822,318 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Summit Insights raised Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. Rosenblatt Securities restated a “buy” rating and issued a $300.00 price objective on shares of Micron Technology in a report on Monday, December 15th. Wedbush set a $320.00 target price on shares of Micron Technology in a research report on Thursday, December 18th. Itau BBA Securities reiterated an “outperform” rating on shares of Micron Technology in a research report on Thursday, December 18th. Finally, Susquehanna upped their price objective on shares of Micron Technology from $200.00 to $300.00 and gave the stock a “positive” rating in a report on Monday, December 8th. 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. Based on data from MarketBeat.com, Micron Technology currently has a consensus rating of “Buy” and an average target price of $282.61.

Get Our Latest Stock Report on MU

Micron Technology Profile

(Free Report)

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

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Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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