Northstar Financial Companies Inc. Takes $434,000 Position in Micron Technology, Inc. $MU

Key Points

• Northstar Financial Companies Inc. acquired 4,990 shares of Micron Technology, valued at approximately $434,000, as reported in their latest 13F filing with the SEC.
• Micron Technology recently reported Q3 earnings of $1.91 per share, exceeding analyst expectations, with revenues of $9.30 billion compared to estimates of $8.83 billion.
• The company declared a quarterly dividend of $0.115 per share, with an annualized yield of 0.4% and a dividend payout ratio of 8.29%.

Northstar Financial Companies Inc. acquired a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,990 shares of the semiconductor manufacturer's stock, valued at approximately $434,000.

A number of other large investors have also recently made changes to their positions in the company. Sunbeam Capital Management LLC acquired a new position in Micron Technology during the 4th quarter worth approximately $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Micron Technology during the first quarter worth $33,000. AllSquare Wealth Management LLC increased its holdings in Micron Technology by 100.0% in the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock valued at $35,000 after buying an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Micron Technology in the first quarter valued at $36,000. Finally, Roxbury Financial LLC lifted its holdings in Micron Technology by 306.1% during the 1st quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock worth $37,000 after buying an additional 300 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

Micron Technology stock traded down $2.99 during mid-day trading on Friday, reaching $119.01. 16,756,869 shares of the company were exchanged, compared to its average volume of 18,095,988. The firm's 50-day simple moving average is $118.17 and its two-hundred day simple moving average is $100.88. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $129.85. The firm has a market cap of $133.19 billion, a PE ratio of 21.44 and a beta of 1.37. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75.

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. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.The business had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.4%. Micron Technology's dividend payout ratio (DPR) is presently 8.29%.

Analyst Ratings Changes

MU has been the topic of several research analyst reports. Barclays raised their target price on Micron Technology from $95.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Raymond James Financial boosted their price objective on shares of Micron Technology from $120.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, June 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Micron Technology in a research report on Thursday, July 10th. They issued a "buy" rating and a $150.00 target price on the stock. Wells Fargo & Company boosted their price target on shares of Micron Technology from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, KeyCorp raised their price objective on Micron Technology from $135.00 to $160.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Micron Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.54.

Insider Buying and Selling

In related news, EVP Manish H. Bhatia sold 80,000 shares of Micron Technology stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $123.16, for a total value of $9,852,800.00. Following the sale, the executive vice president directly owned 275,067 shares in the company, valued at $33,877,251.72. The trade was a 22.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark J. Murphy sold 34,000 shares of the 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 transaction, the chief financial officer 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. Insiders have sold 286,042 shares of company stock worth $34,679,277 in the last three months. Company insiders own 0.30% of the company's stock.

Micron Technology Company 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.