Accredited Wealth Management LLC Purchases 5,086 Shares of Micron Technology, Inc. $MU

Accredited Wealth Management LLC increased its position in Micron Technology, Inc. (NASDAQ:MUFree Report) by 5,086.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,186 shares of the semiconductor manufacturer’s stock after buying an additional 5,086 shares during the period. Micron Technology comprises approximately 0.7% of Accredited Wealth Management LLC’s holdings, making the stock its 28th largest position. Accredited Wealth Management LLC’s holdings in Micron Technology were worth $868,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of MU. REAP Financial Group LLC bought a new position in shares of Micron Technology in the third quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Micron Technology in the 3rd quarter worth approximately $27,000. Howard Hughes Medical Institute purchased a new position in Micron Technology in the 2nd quarter worth approximately $30,000. AlphaQuest LLC boosted its stake in Micron Technology by 13,250.0% in the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 265 shares during the period. Finally, Cullen Frost Bankers Inc. grew its holdings in Micron Technology by 79.3% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

MU has been the topic of several research analyst reports. Bank of America boosted their target price on shares of Micron Technology from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. KeyCorp lifted their price target on shares of Micron Technology from $325.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Morgan Stanley boosted their price target on shares of Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Wall Street Zen raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Finally, Phillip Securities raised Micron Technology to a “strong-buy” rating in a report on Monday, February 2nd. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $358.38.

Get Our Latest Stock Report on MU

Key Micron Technology News

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

Insider Activity at Micron Technology

In other news, EVP Sumit Sadana sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $429.89, for a total value of $10,747,250.00. Following the completion of the sale, the executive vice president owned 248,021 shares in the company, valued at approximately $106,621,747.69. This trade represents a 9.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Teyin M. Liu purchased 11,600 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The shares were purchased at an average price of $337.07 per share, for a total transaction of $3,910,012.00. Following the completion of the acquisition, the director directly owned 14,310 shares in the company, valued at $4,823,471.70. The trade was a 428.04% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. 0.24% of the stock is owned by corporate insiders.

Micron Technology Stock Down 0.8%

Shares of NASDAQ:MU opened at $412.37 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $455.50. The company has a 50-day moving average price of $369.00 and a 200 day moving average price of $252.27. The company has a market cap of $464.13 billion, a price-to-earnings ratio of 39.20 and a beta of 1.52.

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

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were given a $0.115 dividend. The ex-dividend date was Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 4.37%.

About Micron Technology

(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.

See Also

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

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