313,733 Shares in Micron Technology, Inc. $MU Acquired by Junto Capital Management LP

Key Points

• Junto Capital Management LP acquired 313,733 shares of Micron Technology, Inc. during the 1st quarter, valued at approximately $27.26 million.
• Micron's quarterly earnings report revealed earnings per share of $1.91, exceeding analysts' expectations of $1.57, alongside revenues of $9.30 billion.
• The company recently announced a quarterly dividend of $0.115 per share, contributing to an annualized dividend yield of 0.4%.

Junto Capital Management LP acquired a new position in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 313,733 shares of the semiconductor manufacturer's stock, valued at approximately $27,260,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sunbeam Capital Management LLC bought a new position in Micron Technology in the fourth quarter worth approximately $26,000. Opal Wealth Advisors LLC bought a new position in Micron Technology in the first quarter worth approximately $33,000. AllSquare Wealth Management LLC grew its stake in Micron Technology by 100.0% in the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock worth $35,000 after purchasing an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in Micron Technology in the first quarter worth approximately $36,000. Finally, Roxbury Financial LLC grew its stake in Micron Technology by 306.1% in the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock worth $37,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Micron Technology Stock Down 2.5%

Micron Technology stock opened at $119.01 on Friday. 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 market capitalization of $133.19 billion, a price-to-earnings ratio of 21.44 and a beta of 1.37. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $129.85. The business has a fifty day moving average price of $118.17 and a 200-day moving average price of $100.88.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.34. The firm had revenue of $9.30 billion during the quarter, compared to analysts' expectations 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 firm earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were given a $0.115 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.4%. Micron Technology's dividend payout ratio (DPR) is presently 8.29%.

Analyst Upgrades and Downgrades

MU has been the topic of several research analyst reports. Mizuho increased their price objective on Micron Technology from $124.00 to $130.00 and gave the stock an "outperform" rating in a research note on Thursday, June 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Micron Technology in a research report on Thursday, July 10th. They set a "buy" rating and a $150.00 target price on the stock. KGI Securities cut Micron Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company increased their target price on Micron Technology from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Zacks Research raised Micron Technology from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $147.54.

Insider Transactions at Micron Technology

In other news, Director Mary Pat Mccarthy sold 2,404 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $121.28, for a total value of $291,557.12. Following the completion of the sale, the director owned 22,550 shares of the company's stock, valued at $2,734,864. This trade represents a 9.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of the firm's stock in a transaction on Tuesday, July 22nd. The stock was 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 directly owned 264,036 shares of the company's stock, valued at $28,864,415.52. The trade was a 11.41% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 286,042 shares of company stock worth $34,679,277. 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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