Activest Wealth Management Has $1.87 Million Stake in Micron Technology, Inc. $MU

Key Points

• Activest Wealth Management significantly increased its stake in Micron Technology by over 5,136%, owning 21,470 shares valued at nearly $1.87 million.
• Wall Street analysts have a generally positive outlook on Micron Technology, with two analysts rating it as a Strong Buy and many setting price targets significantly above its current value.
• Micron recently declared a quarterly dividend of $0.115 per share, which reflects an annualized yield of 0.4% and indicates a low payout ratio of 8.29%.

Activest Wealth Management raised its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 5,136.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,470 shares of the semiconductor manufacturer's stock after acquiring an additional 21,060 shares during the period. Micron Technology comprises about 0.5% of Activest Wealth Management's investment portfolio, making the stock its 28th largest holding. Activest Wealth Management's holdings in Micron Technology were worth $1,866,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MU. D.B. Root & Company LLC lifted its holdings in shares of Micron Technology by 3.7% in the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer's stock valued at $262,000 after purchasing an additional 108 shares in the last quarter. Orca Wealth Management LLC lifted its holdings in shares of Micron Technology by 1.5% in the first quarter. Orca Wealth Management LLC now owns 8,485 shares of the semiconductor manufacturer's stock valued at $737,000 after purchasing an additional 129 shares in the last quarter. Sunpointe LLC lifted its holdings in shares of Micron Technology by 4.0% in the first quarter. Sunpointe LLC now owns 3,443 shares of the semiconductor manufacturer's stock valued at $300,000 after purchasing an additional 131 shares in the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of Micron Technology by 2.1% in the first quarter. Foundations Investment Advisors LLC now owns 6,561 shares of the semiconductor manufacturer's stock valued at $570,000 after purchasing an additional 138 shares in the last quarter. Finally, Allen Capital Group LLC lifted its holdings in shares of Micron Technology by 3.2% in the first quarter. Allen Capital Group LLC now owns 4,460 shares of the semiconductor manufacturer's stock valued at $388,000 after purchasing an additional 139 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen upgraded Micron Technology from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Zacks Research upgraded Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Barclays boosted their price target on Micron Technology from $95.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. Deutsche Bank Aktiengesellschaft initiated coverage on Micron Technology in a research report on Thursday, July 10th. They issued a "buy" rating and a $150.00 target price on the stock. Finally, CLSA initiated coverage on Micron Technology in a research report on Wednesday. They issued an "outperform" rating and a $155.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $147.54.

Micron Technology Price Performance

NASDAQ:MU opened at $119.01 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. The stock's 50-day simple moving average is $118.17 and its 200 day simple moving average is $100.88. The company has a market cap of $133.19 billion, a P/E ratio of 21.44 and a beta of 1.37. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $129.85.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results 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 for 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 quarter in the previous year, the business earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Activity

In other Micron Technology news, EVP Scott J. Deboer sold 20,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the transaction, the executive vice president owned 186,353 shares of the company's stock, valued at $20,498,830. The trade was a 9.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 264,036 shares in the company, valued at approximately $28,864,415.52. This trade represents a 11.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 286,042 shares of company stock valued at $34,679,277. 0.30% of the stock is owned by insiders.

About Micron Technology

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.

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.