Central Valley Advisors LLC Invests $334,000 in Micron Technology, Inc. $MU

Key Points

• Central Valley Advisors LLC invested approximately $334,000 in 2,706 shares of Micron Technology, Inc. during the second quarter, indicating growing institutional interest in the semiconductor manufacturer.
• Micron recently reported an earnings-per-share of $1.91, exceeding expectations, with revenue for the quarter reaching $9.30 billion, above the consensus estimate of $8.83 billion.
• Analysts have recently adjusted their price targets for Micron Technology, with Robert W. Baird raising theirs from $163.00 to $200.00, reflecting a positive outlook on the company's performance.

Central Valley Advisors LLC purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,706 shares of the semiconductor manufacturer's stock, valued at approximately $334,000.

A number of other large investors have also modified their holdings of the business. Sunpointe LLC grew its stake in shares of Micron Technology by 15.0% during the second quarter. Sunpointe LLC now owns 3,958 shares of the semiconductor manufacturer's stock worth $488,000 after acquiring an additional 515 shares during the last quarter. Sapient Capital LLC grew its stake in shares of Micron Technology by 39.3% during the second quarter. Sapient Capital LLC now owns 6,143 shares of the semiconductor manufacturer's stock worth $757,000 after acquiring an additional 1,734 shares during the last quarter. Werlinich Asset Management LLC grew its stake in shares of Micron Technology by 1.1% during the second quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer's stock worth $1,317,000 after acquiring an additional 115 shares during the last quarter. Mirador Capital Partners LP grew its stake in shares of Micron Technology by 21.7% during the second quarter. Mirador Capital Partners LP now owns 17,205 shares of the semiconductor manufacturer's stock worth $2,121,000 after acquiring an additional 3,070 shares during the last quarter. Finally, Westbourne Investments Inc. grew its stake in shares of Micron Technology by 38.1% during the second quarter. Westbourne Investments Inc. now owns 24,287 shares of the semiconductor manufacturer's stock worth $2,993,000 after acquiring an additional 6,697 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Trading Up 0.7%

Shares of MU stock opened at $158.82 on Wednesday. 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 company has a market cap of $177.74 billion, a price-to-earnings ratio of 28.62 and a beta of 1.47. The stock has a 50 day simple moving average of $121.38 and a 200-day simple moving average of $104.16. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $160.34.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.34. The business had revenue of $9.30 billion during 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 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. On average, equities research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were given a dividend of $0.115 per share. 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 payout ratio is presently 8.29%.

Wall Street Analyst Weigh In

MU has been the topic of a number of research analyst reports. Robert W. Baird boosted their price target on Micron Technology from $163.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, June 27th. Raymond James Financial lifted their target price on Micron Technology from $120.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, June 26th. CLSA began coverage on Micron Technology in a report on Wednesday, August 27th. They set an "outperform" rating and a $155.00 target price for the company. Piper Sandler lifted their target price on Micron Technology from $120.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, The Goldman Sachs Group began coverage on Micron Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $130.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $157.24.

Insider Activity

In related news, CEO Sanjay Mehrotra sold 7,500 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $140.58, for a total transaction of $1,054,350.00. Following the completion of the sale, the chief executive officer directly owned 355,148 shares in the company, valued at approximately $49,926,705.84. The trade was a 2.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Pat Mccarthy sold 2,404 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $115.67, for a total value of $278,070.68. Following the completion of the sale, the director owned 20,146 shares of the company's stock, valued at approximately $2,330,287.82. The trade was a 10.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 268,446 shares of company stock valued at $33,055,075 in the last three months. Company insiders own 0.30% of the company's stock.

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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