Avestar Capital LLC Has $1.04 Million Stock Position in Micron Technology, Inc. $MU

Avestar Capital LLC lifted its position in Micron Technology, Inc. (NASDAQ:MU) by 46.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 8,443 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,677 shares during the period. Avestar Capital LLC’s holdings in Micron Technology were worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of MU. First Command Advisory Services Inc. increased its stake in Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 153 shares during the period. AlphaQuest LLC raised its holdings in shares of Micron Technology by 13,250.0% in the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 265 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of Micron Technology in the second quarter valued at approximately $37,000. Dogwood Wealth Management LLC increased its stake in shares of Micron Technology by 259.6% in the 2nd quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock valued at $44,000 after buying an additional 257 shares during the period. Finally, Solstein Capital LLC bought a new stake in Micron Technology during the 2nd quarter worth about $45,000. 80.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Micron Technology

In other news, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the transaction, the executive vice president directly owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the sale, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 399,852 shares of company stock valued at $84,048,737. 0.30% of the stock is currently owned by insiders.

Micron Technology Trading Up 4.7%

Shares of MU stock opened at $237.22 on Friday. The firm has a 50 day moving average price of $215.54 and a two-hundred day moving average price of $154.46. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $266.67 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 0.50 and a beta of 1.54. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $260.58.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, beating the consensus estimate of $2.86 by $0.17. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same quarter 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. As a group, analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s payout ratio is presently 6.06%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MU. The Goldman Sachs Group raised their target price on shares of Micron Technology from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday. KeyCorp boosted their price target on 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 shares of Micron Technology in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 target price for the company. Wall Street Zen upgraded shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Finally, Stifel Nicolaus increased their price target on shares of Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. 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 stock. According to MarketBeat, Micron Technology presently has an average rating of “Buy” and a consensus target price of $221.46.

Micron Technology Company 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.