CapWealth Advisors LLC Buys Shares of 2,000 Micron Technology, Inc. $MU

Key Points

• CapWealth Advisors LLC acquired 2,000 shares of Micron Technology, Inc. (NASDAQ:MU) during Q2 for approximately $246,000, contributing to the overall institutional ownership of 80.84% in the company.
• Micron's CFO, Mark J. Murphy, sold 34,000 shares for about $3.72 million, resulting in a significant decrease in his ownership.
• Equities analysts have raised Micron's ratings, with KGI Securities upgrading it to a "strong-buy" and Bank of America increasing its price target from $140 to $180.

CapWealth Advisors LLC bought a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,000 shares of the semiconductor manufacturer's stock, valued at approximately $246,000.

A number of other institutional investors also recently made changes to their positions in MU. AllSquare Wealth Management LLC raised its position in shares of Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock valued at $35,000 after acquiring an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Micron Technology during the 1st quarter valued at approximately $36,000. Hilltop National Bank acquired a new stake in shares of Micron Technology during the 2nd quarter valued at approximately $37,000. Saudi Central Bank acquired a new stake in shares of Micron Technology during the 1st quarter valued at approximately $38,000. Finally, Pinnacle Bancorp Inc. raised its position in shares of Micron Technology by 91.0% during the 1st quarter. Pinnacle Bancorp Inc. now owns 512 shares of the semiconductor manufacturer's stock valued at $44,000 after acquiring an additional 244 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 approximately $28,864,415.52. This represents a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard M. Beyer sold 5,552 shares of the stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $155.68, for a total value of $864,335.36. Following the completion of the transaction, the director directly owned 96,031 shares of the company's stock, valued at approximately $14,950,106.08. The trade was a 5.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 146,956 shares of company stock worth $22,841,025. 0.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MU shares. KGI Securities raised Micron Technology from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 24th. Bank of America upped their price target on Micron Technology from $140.00 to $180.00 and gave the company a "neutral" rating in a research report on Wednesday, September 24th. Summit Insights upgraded Micron Technology to a "strong-buy" rating in a research note on Tuesday, September 23rd. BNP Paribas upgraded Micron Technology from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, October 13th. Finally, Arete Research upgraded Micron Technology to a "strong-buy" rating in a research note on Friday, July 18th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $198.32.

Micron Technology Trading Down 0.1%

NASDAQ:MU opened at $202.38 on Friday. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $206.34. The stock has a market cap of $227.16 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 0.45 and a beta of 1.56. The business has a fifty day moving average of $151.20 and a 200-day moving average of $117.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $11.32 billion during the quarter, compared to analysts' expectations of $11.05 billion. During the same quarter in the prior year, the business posted $1.18 earnings per share. The company's revenue for the quarter was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd will be paid a $0.115 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology's dividend payout ratio is presently 6.06%.

Micron Technology 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.

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