Whalen Wealth Management Inc. Makes New $523,000 Investment in Micron Technology, Inc. $MU

Whalen Wealth Management Inc. purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,126 shares of the semiconductor manufacturer’s stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MU. Riversedge Advisors LLC acquired a new position in shares of Micron Technology during the 3rd quarter worth about $335,000. Hilltop National Bank grew its holdings in Micron Technology by 996.4% in the 3rd quarter. Hilltop National Bank now owns 3,333 shares of the semiconductor manufacturer’s stock valued at $558,000 after buying an additional 3,029 shares during the last quarter. Teamwork Financial Advisors LLC increased its position in Micron Technology by 0.4% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer’s stock worth $2,505,000 after buying an additional 53 shares during the period. Peak Financial Advisors LLC lifted its holdings in shares of Micron Technology by 31.2% during the third quarter. Peak Financial Advisors LLC now owns 6,357 shares of the semiconductor manufacturer’s stock worth $1,064,000 after buying an additional 1,511 shares during the last quarter. Finally, Dixon Fnancial Services Inc. bought a new stake in shares of Micron Technology in the third quarter valued at approximately $215,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Trading Up 10.2%

MU stock opened at $248.55 on Friday. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $264.75. 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 business’s 50 day moving average is $226.67 and its 200-day moving average is $163.42. The firm has a market cap of $279.40 billion, a P/E ratio of 23.63, a P/E/G ratio of 0.33 and a beta of 1.54.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping the consensus estimate of $3.77 by $1.01. Micron Technology had a return on equity of 23.56% and a net margin of 28.15%.The business had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $12.62 billion. During the same quarter last year, the company earned $1.79 EPS. Micron Technology’s revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th will be issued a $0.115 dividend. The ex-dividend date of this dividend is Monday, December 29th. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio is presently 6.06%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Summit Insights raised shares of Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. Stifel Nicolaus raised their price target on shares of Micron Technology from $195.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. HSBC assumed coverage on shares of Micron Technology in a research report on Tuesday, December 9th. They set a “buy” rating and a $330.00 price objective for the company. Mizuho lifted their target price on Micron Technology from $270.00 to $290.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, CLSA assumed coverage on Micron Technology in a research report on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 price objective for the company. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $282.61.

Insider Activity

In other news, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the sale, the chief accounting officer owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the transaction, the chief financial officer directly owned 219,693 shares in the company, valued at $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 369,852 shares of company stock worth $79,364,303. Company insiders own 0.24% of the company’s stock.

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.