GDS Wealth Management Acquires 29,772 Shares of Micron Technology, Inc. $MU

Key Points

• GDS Wealth Management significantly increased its stake in Micron Technology by 96.2% in Q1, acquiring 29,772 shares to hold a total of 60,719 shares valued at $5.276 million.
• Micron Technology reported earnings per share of $1.91 for the last quarter, exceeding estimates and indicating a robust revenue of $9.30 billion, while guiding for Q4 2025 EPS between 2.350-2.650.
• The company recently announced a quarterly dividend of $0.115 per share, translating to an annual yield of 0.4%, reflecting a solid dividend payout ratio of 8.29%.

GDS Wealth Management grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 96.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,719 shares of the semiconductor manufacturer's stock after buying an additional 29,772 shares during the quarter. GDS Wealth Management's holdings in Micron Technology were worth $5,276,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after purchasing an additional 976 shares during the period. Bank Pictet & Cie Europe AG lifted its position in Micron Technology by 19.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 85,722 shares of the semiconductor manufacturer's stock worth $7,214,000 after buying an additional 13,985 shares during the last quarter. Jump Financial LLC boosted its stake in Micron Technology by 43.3% during the fourth quarter. Jump Financial LLC now owns 5,975 shares of the semiconductor manufacturer's stock worth $503,000 after buying an additional 1,804 shares during the period. Transce3nd LLC purchased a new position in Micron Technology during the fourth quarter worth $42,000. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Micron Technology by 5.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 22,139 shares of the semiconductor manufacturer's stock valued at $1,863,000 after acquiring an additional 1,152 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Trading Down 1.2%

MU opened at $122.05 on Wednesday. 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 stock's fifty day moving average is $118.43 and its two-hundred day moving average is $99.56. The company has a market capitalization of $136.59 billion, a P/E ratio of 21.99 and a beta of 1.37. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $129.85.

Micron Technology (NASDAQ:MU - Get Free Report) last issued 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. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.The business had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. During the same period in the prior year, the business earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, July 7th. Micron Technology's dividend payout ratio is presently 8.29%.

Insider Buying and Selling at Micron Technology

In other news, EVP Manish H. Bhatia sold 80,000 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $123.16, for a total value 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. The trade was a 22.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Scott J. Deboer sold 20,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the transaction, the executive vice president owned 186,353 shares in the company, valued at approximately $20,498,830. This represents a 9.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 286,042 shares of company stock worth $34,679,277. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MU has been the subject of a number of recent analyst reports. KeyCorp lifted their price target on shares of Micron Technology from $135.00 to $160.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Susquehanna raised their price objective on shares of Micron Technology from $150.00 to $160.00 and gave the stock a "positive" rating in a research note on Thursday, June 26th. Bank of America boosted their target price on Micron Technology from $84.00 to $140.00 and gave the company a "neutral" rating in a research report on Thursday, June 26th. UBS Group upped their target price on Micron Technology from $120.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Micron Technology in a research note on Thursday, July 10th. They set a "buy" rating and a $150.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Micron Technology currently has an average rating of "Moderate Buy" and a consensus target price of $147.24.

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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