Meridian Wealth Management LLC Sells 2,169 Shares of Micron Technology, Inc. $MU

Meridian Wealth Management LLC reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 46.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,527 shares of the semiconductor manufacturer's stock after selling 2,169 shares during the quarter. Meridian Wealth Management LLC's holdings in Micron Technology were worth $311,000 at the end of the most recent reporting period.Get Micron Technology alerts:If You Wait for the Dip, Micron Technology Could Leave You BehindOther institutional investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of Micron Technology during the first quarter valued at about $369,191,000. Vanguard Group Inc. boosted its position in Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock valued at $8,854,644,000 after acquiring an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock worth $922,467,000 after acquiring an additional 2,038,641 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Micron Technology by 26.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock worth $590,807,000 after acquiring an additional 1,416,174 shares during the period. Finally, Keystone Investors PTE Ltd. bought a new position in shares of Micron Technology in the 1st quarter worth approximately $96,253,000. 80.84% of the stock is currently owned by institutional investors. Insider ActivityIn other news, EVP April S. Arnzen sold 15,000 shares of the business's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the transaction, the executive vice president owned 131,580 shares in the company, valued at $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark J. Murphy sold 126,000 shares of the 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 sale, the chief financial officer directly owned 219,693 shares in the company, valued at $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 409,756 shares of company stock valued at $85,308,033 in the last quarter. Insiders own 0.30% of the company's stock. Micron Technology Price PerformanceFollow the Money: 3 Stocks With High Institutional OwnershipMU opened at $241.95 on Tuesday. The firm has a market cap of $271.58 billion, a PE ratio of 31.88, a P/E/G ratio of 0.51 and a beta of 1.62. The stock has a 50-day moving average price of $195.76 and a 200-day moving average price of $141.34. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $260.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.86 by $0.17. The business had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. Micron Technology's revenue was up 46.1% compared to the same quarter last year. During the same period last year, the business earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Sell-side analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year. Micron Technology Announces DividendDoes the Trump-Induced Quantum Stock Rally Have Legs?The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology's dividend payout ratio (DPR) is 6.06%. Wall Street Analysts Forecast GrowthA number of research analysts have recently commented on the company. TD Cowen raised their target price on Micron Technology from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, September 19th. BNP Paribas Exane raised Micron Technology from an "underperform" rating to an "outperform" rating and set a $270.00 price objective for the company in a research report on Monday, October 13th. Weiss Ratings upgraded shares of Micron Technology from a "hold (c+)" rating to a "buy (b-)" rating in a report on Saturday, November 1st. Raymond James Financial upped their target price on shares of Micron Technology from $150.00 to $190.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. Finally, KGI Securities raised shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Micron Technology has a consensus rating of "Buy" and an average target price of $211.18.Check Out Our Latest Analysis on MUMicron Technology Company Profile (Free Report)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.Featured ArticlesFive stocks we like better than Micron TechnologyThere Are Different Types of Stock To Invest InWhirlpool’s Worst May Be Over—Upside Opportunity AheadHow to Plot Fibonacci Price Inflection Levels These 3 Beaten-Down Stocks Could Be Your Best Buying Opportunity This QuarterConference Calls and Individual InvestorsHow Does D-Wave Stack Up to Quantum Rivals After Earnings Season?Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Micron Technology Right Now?Before you consider Micron Technology, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Micron Technology wasn't on the list.While Micron Technology currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here