Micron Technology, Inc. $MU Stock Position Raised by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its holdings in Micron Technology by 12.6% to 133,558 shares, valued at approximately $11.61 million.
• Micron Technology's stock sees broad institutional support with 80.84% of shares owned by institutional investors and several hedge funds significantly increasing their stakes recently.
• Micron's quarterly earnings beat expectations with a reported $1.91 EPS, surpassing the consensus estimate of $1.57, highlighting the company's strong performance amid market volatility.

Gotham Asset Management LLC grew its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 133,558 shares of the semiconductor manufacturer's stock after purchasing an additional 14,955 shares during the period. Gotham Asset Management LLC's holdings in Micron Technology were worth $11,605,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sunbeam Capital Management LLC bought a new position in Micron Technology in the 4th quarter worth about $26,000. Opal Wealth Advisors LLC bought a new position in Micron Technology in the 1st quarter worth about $33,000. AllSquare Wealth Management LLC grew its position in Micron Technology by 100.0% in the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock worth $35,000 after purchasing an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in Micron Technology in the 1st quarter worth about $36,000. Finally, Roxbury Financial LLC grew its position 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 during the last quarter. Institutional investors own 80.84% of the company's stock.

Micron Technology Price Performance

MU stock traded up $7.16 on Friday, hitting $131.37. 28,358,729 shares of the company's stock traded hands, compared to its average volume of 16,826,394. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $131.41. The stock has a market cap of $147.02 billion, a price-to-earnings ratio of 23.67 and a beta of 1.47. The stock has a fifty day moving average of $117.85 and a 200-day moving average of $101.68. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating the consensus estimate of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. During the same period in the prior year, the business earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have commented on the stock. KeyCorp upped their target price on shares of Micron Technology from $135.00 to $160.00 and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Zacks Research upgraded shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. increased their price objective on shares of Micron Technology from $165.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. Raymond James Financial increased their price objective on shares of Micron Technology from $120.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, June 26th. Finally, Arete Research upgraded shares of Micron Technology to a "strong-buy" rating in a report on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $147.54.

Insider Buying and Selling at Micron Technology

In related news, Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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. This represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sumit Sadana sold 92,638 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the sale, the executive vice president directly owned 201,326 shares of the company's stock, valued at approximately $25,264,399.74. This represents a 31.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 264,884 shares of company stock valued at $32,363,889. Corporate 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.