Ashton Thomas Private Wealth LLC Buys 20,963 Shares of Micron Technology, Inc. $MU

Key Points

• Ashton Thomas Private Wealth LLC significantly increased its stake in Micron Technology by purchasing an additional 20,963 shares, raising its total holdings to 37,228 shares valued at approximately $3.2 million.
• Micron Technology's CFO recently sold 34,000 shares, marking an 11.41% decrease in his ownership, while the company has seen a notable rise in analyst price targets, with estimates as high as $200.
• The company's quarterly dividend of $0.115 per share reflects a yield of 0.3%, indicating strong financial performance with a reported net margin of 18.41% and significantly higher earnings than expected.

Ashton Thomas Private Wealth LLC lifted its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 128.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 37,228 shares of the semiconductor manufacturer's stock after purchasing an additional 20,963 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Micron Technology were worth $3,238,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MU. Vanguard Group Inc. lifted its stake in Micron Technology by 2.1% in the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock valued at $8,854,644,000 after buying an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Micron Technology by 23.8% during the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock worth $922,467,000 after acquiring an additional 2,038,641 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Micron Technology by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer's stock worth $602,917,000 after acquiring an additional 58,285 shares during the period. Dimensional Fund Advisors LP lifted its position in Micron Technology by 26.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock valued at $590,807,000 after acquiring an additional 1,416,174 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Micron Technology by 0.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,366,631 shares of the semiconductor manufacturer's stock worth $379,417,000 after purchasing an additional 17,970 shares during the period. 80.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 7,500 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $130.83, for a total transaction of $981,225.00. Following the completion of the sale, the chief executive officer owned 362,648 shares of the company's stock, valued at $47,445,237.84. This trade represents a 2.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the sale, the chief financial officer owned 264,036 shares of the company's stock, valued at approximately $28,864,415.52. This represents a 11.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 268,446 shares of company stock worth $32,908,469 in the last quarter. Company insiders own 0.30% of the company's stock.

Micron Technology Stock Up 3.5%

Shares of NASDAQ MU traded up $4.76 during trading hours on Wednesday, hitting $140.00. The company had a trading volume of 25,669,345 shares, compared to its average volume of 22,536,215. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $142.24. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The firm's 50 day moving average is $118.30 and its 200-day moving average is $102.13. The stock has a market capitalization of $156.68 billion, a P/E ratio of 25.23 and a beta of 1.47.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly 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. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.83 billion. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. During the same period in the prior year, the firm posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, analysts expect that Micron Technology, Inc. will post 6.08 earnings per share 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 0.3%. The ex-dividend date of this dividend was Monday, July 7th. Micron Technology's payout ratio is 8.29%.

Analyst Ratings Changes

A number of equities analysts have issued reports on MU shares. Susquehanna increased their target price on Micron Technology from $150.00 to $160.00 and gave the stock a "positive" rating in a report on Thursday, June 26th. TD Cowen upped their price objective on Micron Technology from $125.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. KGI Securities lowered Micron Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group started coverage on Micron Technology in a research note on Thursday, July 10th. They issued a "neutral" rating and a $130.00 target price on the stock. Finally, UBS Group upped their price target on Micron Technology from $120.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Micron Technology has a consensus rating of "Moderate Buy" and a consensus price target of $147.54.

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.