Geneos Wealth Management Inc. Sells 6,745 Shares of Micron Technology, Inc. $MU

Key Points

• Geneos Wealth Management Inc. reduced its stake in Micron Technology by 48.1%, selling 6,745 shares and decreasing its holdings to 7,288 shares valued at $633,000.
• Several institutional investors, including Nuveen LLC and Vanguard Group Inc., have notably increased their stakes in Micron Technology, with Vanguard owning over $8.85 billion worth of shares.
• Micron Technology's stock has received an average rating of "Moderate Buy" from analysts, with target prices ranging from $130 to $200.

Geneos Wealth Management Inc. lessened its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 48.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,288 shares of the semiconductor manufacturer's stock after selling 6,745 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Micron Technology were worth $633,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MU. Nuveen LLC bought a new stake in Micron Technology during the 1st quarter valued at approximately $369,191,000. Vanguard Group Inc. grew its holdings in Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock valued at $8,854,644,000 after buying an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock valued at $922,467,000 after buying an additional 2,038,641 shares in the last quarter. GAMMA Investing LLC grew its holdings in Micron Technology by 10,369.6% during the 1st quarter. GAMMA Investing LLC now owns 1,873,435 shares of the semiconductor manufacturer's stock valued at $162,783,000 after buying an additional 1,855,541 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Micron Technology by 26.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock worth $590,807,000 after purchasing an additional 1,416,174 shares during the period. Institutional investors own 80.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MU shares. JPMorgan Chase & Co. lifted 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. Robert W. Baird lifted their target price on Micron Technology from $163.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, June 27th. Mizuho lifted their target price on Micron Technology from $124.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. Needham & Company LLC reiterated a "buy" rating and issued a $150.00 target price on shares of Micron Technology in a report on Monday, August 11th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $151.76.

Micron Technology Price Performance

MU opened at $157.23 on Friday. The business has a fifty day moving average of $119.94 and a 200 day moving average of $103.25. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $158.28. 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 has a market cap of $175.96 billion, a P/E ratio of 28.33 and a beta of 1.47.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.34. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.The company had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. During the same quarter in the previous year, the business earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Mary Pat Mccarthy sold 2,404 shares of Micron Technology stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total transaction of $278,070.68. Following the completion of the sale, the director directly owned 20,146 shares of the company's stock, valued at $2,330,287.82. The trade was a 10.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of Micron Technology stock in a transaction on Tuesday, July 22nd. The shares were 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 of the company's stock, valued at approximately $28,864,415.52. This trade represents a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,946 shares of company stock worth $33,962,819 over the last quarter. Insiders own 0.30% of the company's stock.

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.

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