B. Riley Wealth Advisors 13F: Adds $7.3M to MU Stake

B. Riley Wealth Advisors has significantly increased its investment in Micron Technology, Inc. (NasdaqGS: MU). According to its latest Form 13F filing with the SEC, the fund boosted its holdings by 58.6% during the reporting period. This increase of 6,843 shares brought its total to 18,529 shares, valued at approximately $19.73 million.

What Changed in B. Riley Wealth Advisors' Micron Technology Position

B. Riley Wealth Advisors grew its position in Micron Technology from 11,686 shares to 18,529 shares, marking a 58.6% increase. The additional 6,843 shares reflect a substantial vote of confidence in the semiconductor company, raising the fund's total holding value to about $19.73 million.

Micron Technology, Inc. Stock Down 2.4%

Micron Technology, Inc. is a major player in the semiconductor industry with a market capitalization of about $1.18 trillion. The company's stock has a P/E ratio of 23.57 and a forward P/E of 6.57, indicating potential growth expectations. Micron's beta of 2.222 suggests higher volatility compared to the market. Over the past year, the stock has traded between $154.65 and $1,255.00, with a 50-day moving average of $928.55 and a 200-day moving average of $644.17. The company maintains a strong financial position with a current ratio of 3.425 and a quick ratio of 2.927.

Recent Earnings

In its most recent earnings report, Micron Technology posted revenue of $90.27 billion, reflecting a revenue growth of 3.46%. The company achieved a net margin of 55.91% and a return on equity of 66.64%. Micron is set to release its next earnings report on September 30, 2026.

Dividend

Micron Technology offers an annual dividend of $0.53 per share, yielding 0.05%. The dividend payout ratio is a modest 1.12%, indicating the company retains a significant portion of its earnings for reinvestment.

About Micron Technology

Micron Technology, Inc. is a leading global provider of memory and storage solutions. Headquartered in Boise, Idaho, the company designs, develops, and manufactures a wide range of semiconductor products, including DRAM, NAND, and NOR memory products. Micron serves various markets, such as data centers, mobile devices, and automotive applications. Under the leadership of CEO Sanjay Mehrotra, Micron employs approximately 53,000 people worldwide and operates through several business units, focusing on cloud memory, core data centers, mobile and client devices, and automotive and embedded solutions.

Bottom Line

B. Riley Wealth Advisors' decision to significantly increase its stake in Micron Technology reflects a strong belief in the company's potential. As a leading player in the semiconductor industry, Micron's robust financials and dividend policy make it a notable company to watch. Remember, 13F filings are backward-looking and may not represent the investor's current position.