Brady Martz Wealth Solutions LLC Takes Position in Micron Technology, Inc. $MU

Key Points

• Brady Martz Wealth Solutions LLC has acquired 1,855 shares of Micron Technology, Inc. valued at approximately $229,000, reflecting new institutional interest in the semiconductor manufacturer.
• Insider trades revealed that CEO Sanjay Mehrotra sold 7,319 shares, while CFO Mark J. Murphy sold 34,000 shares, indicating a 2.11% and 11.41% decrease in their respective holdings.
• Several analysts have raised their price targets for Micron Technology, with Wedbush and Susquehanna both increasing their targets to $200, suggesting strong confidence in the company's future performance.

Brady Martz Wealth Solutions LLC purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,855 shares of the semiconductor manufacturer's stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock worth $8,854,644,000 after acquiring an additional 2,049,163 shares during the period. 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. Charles Schwab Investment Management Inc. grew its holdings in shares of Micron Technology by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer's stock worth $602,917,000 after acquiring an additional 58,285 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, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Micron Technology by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,366,631 shares of the semiconductor manufacturer's stock worth $379,417,000 after acquiring an additional 17,970 shares during the period. Institutional investors own 80.84% of the company's stock.

Insider Buying and Selling

In other Micron Technology news, EVP Sumit Sadana sold 92,638 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the completion of the transaction, the executive vice president owned 201,326 shares in the company, valued at $25,264,399.74. The trade was a 31.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott J. Deboer sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $125.11, for a total value of $2,502,200.00. Following the transaction, the executive vice president owned 166,353 shares of the company's stock, valued at $20,812,423.83. This trade represents a 10.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 290,946 shares of company stock valued at $36,685,159 in the last quarter. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. TD Cowen upped their price target on Micron Technology from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday. JPMorgan Chase & Co. upped their price target on Micron Technology from $165.00 to $185.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. Needham & Company LLC restated a "buy" rating and issued a $150.00 price target on shares of Micron Technology in a research note on Monday, August 11th. Wedbush upped their price target on Micron Technology from $165.00 to $200.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Piper Sandler upped their price target on Micron Technology from $120.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Micron Technology has an average rating of "Moderate Buy" and a consensus price target of $165.54.

Micron Technology Trading Up 1.2%

MU traded up $1.89 on Monday, hitting $164.62. The company had a trading volume of 25,713,979 shares, compared to its average volume of 20,882,956. The company has a market cap of $184.23 billion, a PE ratio of 29.66 and a beta of 1.47. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $170.45. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The business's fifty day simple moving average is $124.74 and its 200 day simple moving average is $106.27.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, topping the consensus estimate of $1.57 by $0.34. The company had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.During the same quarter last year, the business posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were given a $0.115 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.46 annualized dividend and a yield of 0.3%. Micron Technology's dividend payout ratio (DPR) is currently 8.29%.

Micron Technology 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.