Micron Technology, Inc. $MU Shares Bought by Anchor Investment Management LLC

Key Points

• Anchor Investment Management LLC increased its stake in Micron Technology by 55.3%, acquiring an additional 4,000 shares during the first quarter, bringing its total holdings to 11,235 shares valued at approximately $976,000.
• Analysts have raised their target prices for Micron Technology, with Cantor Fitzgerald increasing theirs from $145.00 to $155.00 and Morgan Stanley from $98.00 to $135.00, reflecting positive sentiment towards the company's performance.
• Micron Technology reported a $1.91 EPS for the latest quarter, exceeding estimates of $1.57, and has set its Q4 2025 guidance at 2.350-2.650 EPS.

Anchor Investment Management LLC raised its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 55.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,235 shares of the semiconductor manufacturer's stock after acquiring an additional 4,000 shares during the quarter. Anchor Investment Management LLC's holdings in Micron Technology were worth $976,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MU. Brighton Jones LLC raised its stake in shares of Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after buying an additional 976 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of Micron Technology by 19.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 85,722 shares of the semiconductor manufacturer's stock worth $7,214,000 after buying an additional 13,985 shares during the period. Focus Partners Wealth raised its stake in shares of Micron Technology by 0.7% during the 4th quarter. Focus Partners Wealth now owns 33,700 shares of the semiconductor manufacturer's stock worth $2,836,000 after buying an additional 235 shares during the period. LRI Investments LLC raised its stake in shares of Micron Technology by 75.8% during the 4th quarter. LRI Investments LLC now owns 624 shares of the semiconductor manufacturer's stock worth $53,000 after buying an additional 269 shares during the period. Finally, OMERS ADMINISTRATION Corp raised its stake in shares of Micron Technology by 20.8% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 46,375 shares of the semiconductor manufacturer's stock worth $3,903,000 after buying an additional 7,983 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Stock Up 4.4%

Shares of NASDAQ MU traded up $6.66 during midday trading on Friday, hitting $157.23. 32,223,879 shares of the company's stock were exchanged, compared to its average volume of 18,134,322. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $158.28. The company has a market cap of $175.96 billion, a PE ratio of 28.33 and a beta of 1.47. The firm's fifty day simple moving average is $119.94 and its 200-day simple moving average is $103.21.

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 for 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 in the previous year, the company posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Wall Street Analyst Weigh In

MU has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on Micron Technology from $165.00 to $185.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. Barclays increased their price objective on Micron Technology from $95.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, June 26th. Raymond James Financial increased their price objective on Micron Technology from $120.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, June 26th. Needham & Company LLC reissued a "buy" rating and issued a $150.00 price objective on shares of Micron Technology in a research note on Monday, August 11th. Finally, Susquehanna increased their price objective on Micron Technology from $150.00 to $160.00 and gave the company a "positive" rating in a research note on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $151.76.

Insider Buying and Selling

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $125.12, for a total value of $1,876,800.00. Following the transaction, the executive vice president directly owned 148,167 shares in the company, valued at approximately $18,538,655.04. This trade represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of Micron Technology stock in a transaction that occurred on 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 in the company, valued at approximately $28,864,415.52. This trade represents a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 275,946 shares of company stock worth $33,962,819. 0.30% of the stock is currently 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.