Arvest Investments Inc. Sells 3,123 Shares of Micron Technology, Inc. $MU

Key Points

• Arvest Investments Inc. reduced its stake in Micron Technology by 14.3%, selling 3,123 shares and leaving it with 18,685 shares valued at approximately $2.3 million.
• Several institutional investors have recently increased or established positions in Micron, with 80.84% of the company's stock owned by such investors.
• Micron Technology reported earnings of $1.91 EPS for the last quarter, surpassing estimates and setting guidance for Q4 2025 at 2.350-2.650 EPS.

Arvest Investments Inc. trimmed its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 14.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,685 shares of the semiconductor manufacturer's stock after selling 3,123 shares during the quarter. Arvest Investments Inc.'s holdings in Micron Technology were worth $2,303,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mission Wealth Management LP boosted its stake in Micron Technology by 195.2% in the first quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer's stock valued at $1,360,000 after acquiring an additional 10,348 shares during the last quarter. Centre Asset Management LLC purchased a new position in Micron Technology in the first quarter valued at about $7,720,000. Czech National Bank boosted its stake in Micron Technology by 6.4% in the first quarter. Czech National Bank now owns 255,908 shares of the semiconductor manufacturer's stock valued at $22,236,000 after acquiring an additional 15,485 shares during the last quarter. TB Alternative Assets Ltd. boosted its stake in Micron Technology by 331.3% in the first quarter. TB Alternative Assets Ltd. now owns 79,788 shares of the semiconductor manufacturer's stock valued at $6,933,000 after acquiring an additional 61,288 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. purchased a new position in Micron Technology in the first quarter valued at about $228,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MU has been the topic of a number of research analyst reports. KGI Securities cut shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 23rd. Arete Research upgraded shares of Micron Technology to a "strong-buy" rating in a research note on Friday, July 18th. KeyCorp upped their price target on shares of Micron Technology from $135.00 to $160.00 and gave the company an "overweight" rating in a research note on Thursday, June 26th. Barclays upped their price target on shares of Micron Technology from $95.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, June 26th. Finally, Piper Sandler upped their price target on shares of Micron Technology from $120.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $151.76.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 7,500 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $140.58, for a total value of $1,054,350.00. Following the sale, the chief executive officer directly owned 355,148 shares in the company, valued at $49,926,705.84. This represents a 2.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Manish H. Bhatia sold 80,000 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 275,946 shares of company stock worth $33,962,819. Company insiders own 0.30% of the company's stock.

Micron Technology Stock Performance

NASDAQ MU opened at $157.23 on Friday. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $158.28. 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 $175.96 billion, a PE ratio of 28.33 and a beta of 1.47. The company's 50 day simple moving average is $119.94 and its two-hundred day simple moving average is $103.25.

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

Micron Technology Announces Dividend

The company 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. The ex-dividend date was Monday, July 7th. This represents a $0.46 annualized dividend and a yield of 0.3%. Micron Technology's dividend payout ratio is currently 8.29%.

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.

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