Focus Partners Wealth Boosts Stock Position in Micron Technology, Inc. $MU

Key Points

• Focus Partners Wealth significantly increased its investment in Micron Technology shares by 312.1%, bringing its holdings to 138,878 shares valued at approximately $12 million.
• Micron Technology reported a quarterly earnings beat, with $1.91 earnings per share exceeding analysts' estimates, and revenues of $9.30 billion compared to expected $8.83 billion.
• Several institutional investors, including Sunbeam Capital Management and Roxbury Financial LLC, have recently made new investments, reflecting growing confidence as institutional ownership now stands at 80.84%.

Focus Partners Wealth boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 312.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,878 shares of the semiconductor manufacturer's stock after purchasing an additional 105,178 shares during the period. Focus Partners Wealth's holdings in Micron Technology were worth $12,067,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Sunbeam Capital Management LLC bought a new stake in shares of Micron Technology in the 4th quarter worth approximately $26,000. Opal Wealth Advisors LLC bought a new stake in Micron Technology in the first quarter valued at $33,000. AllSquare Wealth Management LLC increased its position in 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 purchasing an additional 200 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new position in Micron Technology during the 1st quarter valued at $36,000. Finally, Roxbury Financial LLC raised its holdings in Micron Technology by 306.1% in the 1st quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock worth $37,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Price Performance

MU opened at $157.23 on Friday. The company's 50-day simple moving average is $119.94 and its two-hundred day simple moving average is $103.21. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. The stock has a market capitalization of $175.96 billion, a P/E ratio of 28.33 and a beta of 1.47. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $158.28.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.34. The firm had revenue of $9.30 billion during the quarter, compared to analysts' expectations 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 previous year, the company earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, July 7th. Micron Technology's dividend payout ratio (DPR) is 8.29%.

Analyst Ratings Changes

Several brokerages have commented on MU. Morgan Stanley raised their price objective on shares of Micron Technology from $98.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Erste Group Bank began coverage on shares of Micron Technology in a research report on Thursday, August 14th. They issued a "buy" rating on the stock. Robert W. Baird lifted their price target on shares of Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, June 27th. Stifel Nicolaus upped their price objective on shares of Micron Technology from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Finally, JPMorgan Chase & Co. raised their target price on shares of Micron Technology from $165.00 to $185.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-one 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 an average rating of "Moderate Buy" and an average target price of $151.76.

Insider Buying and Selling

In related news, EVP Manish H. Bhatia sold 80,000 shares of the company's 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 sale, the executive vice president owned 275,067 shares in the company, valued at approximately $33,877,251.72. This represents a 22.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction dated 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 transaction, the director directly owned 20,146 shares in the company, valued at approximately $2,330,287.82. This represents a 10.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 275,946 shares of company stock valued at $33,962,819 over the last ninety days. 0.30% of the stock is owned by insiders.

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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