1,910 Shares in Micron Technology, Inc. $MU Bought by E&G Advisors LP

Key Points

• E&G Advisors LP has acquired 1,910 shares of Micron Technology, valued at approximately $235,000, marking its first investment in the company.
• Analysts have increasingly bullish views on Micron, with Zacks Research upgrading the stock to a "strong-buy" rating and several firms raising their target prices significantly.
• Micron Technology reported an EPS of $1.91 for the last quarter, surpassing estimates, and has a current consensus rating of "Moderate Buy" from analysts.

E&G Advisors LP bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,910 shares of the semiconductor manufacturer's stock, valued at approximately $235,000.

Several other large investors have also bought and sold shares of the stock. Golden State Equity Partners bought a new position in Micron Technology during the 2nd quarter worth $290,000. Brady Martz Wealth Solutions LLC bought a new position in Micron Technology during the 2nd quarter worth $229,000. CRA Financial Services LLC bought a new position in Micron Technology during the 2nd quarter worth $230,000. Armstrong Advisory Group Inc. raised its position in Micron Technology by 241.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 731 shares of the semiconductor manufacturer's stock worth $90,000 after purchasing an additional 517 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its position in Micron Technology by 9.0% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 9,440 shares of the semiconductor manufacturer's stock worth $1,163,000 after purchasing an additional 783 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MU has been the subject of several analyst reports. Zacks Research raised Micron Technology from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. raised their target price on Micron Technology from $165.00 to $185.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Piper Sandler increased their price target on Micron Technology from $120.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Wells Fargo & Company increased their price target on Micron Technology from $150.00 to $170.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, Raymond James Financial increased their price target on Micron Technology from $120.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and an average price target of $165.54.

Micron Technology Stock Performance

Shares of MU opened at $164.62 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. The stock has a 50-day moving average of $124.74 and a 200-day moving average of $106.27. 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 one year low of $61.54 and a one year high of $170.45.

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

Micron Technology Dividend Announcement

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

Insider Transactions at Micron Technology

In other news, Director Mary Pat Mccarthy sold 2,404 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total value of $278,070.68. Following the completion of the sale, the director directly owned 20,146 shares in the company, valued at $2,330,287.82. This trade represents a 10.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mark J. Murphy sold 34,000 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total value of $3,716,880.00. Following the completion of the sale, the chief financial officer owned 264,036 shares of the company's stock, valued at approximately $28,864,415.52. This represents a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 255,946 shares of company stock valued at $32,306,159. 0.30% of the stock is currently owned by corporate insiders.

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.

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