Micron Technology, Inc. $MU Shares Purchased by Compound Planning Inc.

Key Points

• Compound Planning Inc. increased its stake in Micron Technology by 42.1%, acquiring an additional 3,642 shares, bringing its total holdings to 12,301 shares valued at $1,069,000.
• Micron Technology reported $1.91 earnings per share for the recent quarter, exceeding analysts' estimates and achieving revenue of $9.30 billion, which also surpassed predictions.
• Insider sales included EVP April S. Arnzen selling 15,000 shares for $1,876,800, indicating a notable decrease in their ownership of the company stock.

Compound Planning Inc. boosted its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 42.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,301 shares of the semiconductor manufacturer's stock after purchasing an additional 3,642 shares during the period. Compound Planning Inc.'s holdings in Micron Technology were worth $1,069,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 2,049,163 shares during the last quarter. Northern Trust Corp boosted its holdings in Micron Technology by 13.7% in the fourth quarter. Northern Trust Corp now owns 10,712,056 shares of the semiconductor manufacturer's stock valued at $901,527,000 after purchasing an additional 1,287,063 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Micron Technology by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock valued at $922,467,000 after purchasing an additional 2,038,641 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Micron Technology by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer's stock valued at $602,917,000 after purchasing an additional 58,285 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Micron Technology by 26.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock valued at $590,807,000 after purchasing an additional 1,416,174 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insiders Place Their Bets

In related news, CFO Mark J. Murphy sold 34,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer directly owned 264,036 shares in the company, valued at $28,864,415.52. This trade represents a 11.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $125.15, for a total value of $876,050.00. Following the completion of the sale, the director owned 22,762 shares in the company, valued at approximately $2,848,664.30. This represents a 23.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 286,042 shares of company stock worth $34,679,277. 0.30% of the stock is currently owned by insiders.

Micron Technology Stock Performance

Shares of NASDAQ MU traded up $0.08 during mid-day trading on Tuesday, hitting $116.50. The company had a trading volume of 12,545,407 shares, compared to its average volume of 22,754,754. The stock has a market cap of $130.38 billion, a price-to-earnings ratio of 20.99 and a beta of 1.37. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $129.85. 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 firm's 50 day simple moving average is $118.42 and its two-hundred day simple moving average is $100.30.

Micron Technology (NASDAQ:MU - Get Free Report) last announced 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 business had revenue of $9.30 billion for 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 quarter last year, the business posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, equities research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were issued a $0.115 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.46 annualized dividend and a dividend yield of 0.4%. Micron Technology's dividend payout ratio (DPR) is 8.29%.

Analysts Set New Price Targets

MU has been the subject of a number of analyst reports. Zacks Research raised Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. increased their target price on Micron Technology from $165.00 to $185.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Bank of America increased their target price on Micron Technology from $84.00 to $140.00 and gave the stock a "neutral" rating in a report on Thursday, June 26th. Erste Group Bank assumed coverage on Micron Technology in a report on Thursday, August 14th. They set a "buy" rating on the stock. Finally, Piper Sandler increased 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. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $147.24.

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.