Graham Capital Management L.P. Reduces Position in Micron Technology, Inc. $MU

Key Points

• Graham Capital Management L.P. reduced its holdings in Micron Technology by 6.6%, selling 7,218 shares and bringing its total to 102,319 shares, valued at approximately $8.89 million.
• Several institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., increased their positions in Micron Technology during the same quarter, reflecting strong interest in the semiconductor manufacturer.
• Micron Technology's stock is currently experiencing volatility, with a recent dip of 2.5%, alongside quarterly earnings that surpassed expectations, reporting $1.91 earnings per share.

Graham Capital Management L.P. cut its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 102,319 shares of the semiconductor manufacturer's stock after selling 7,218 shares during the period. Graham Capital Management L.P.'s holdings in Micron Technology were worth $8,890,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbeam Capital Management LLC purchased a new stake in shares of Micron Technology in the fourth quarter worth $26,000. Opal Wealth Advisors LLC purchased a new stake in Micron Technology in the first quarter worth approximately $33,000. AllSquare Wealth Management LLC boosted its stake in shares of Micron Technology by 100.0% during the first 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 stake in shares of Micron Technology during the first quarter valued at approximately $36,000. Finally, Roxbury Financial LLC raised its holdings in shares of Micron Technology by 306.1% during the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock valued at $37,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Insider Buying and Selling at Micron Technology

In other news, EVP Scott J. Deboer sold 20,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the transaction, the executive vice president directly owned 186,353 shares of the company's stock, valued at approximately $20,498,830. This represents a 9.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of the company'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 completion of the sale, the chief financial officer owned 264,036 shares in the company, valued at approximately $28,864,415.52. This represents a 11.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 286,042 shares of company stock worth $34,679,277. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Susquehanna increased their price objective on Micron Technology from $150.00 to $160.00 and gave the stock a "positive" rating in a report on Thursday, June 26th. The Goldman Sachs Group initiated coverage on Micron Technology in a research note on Thursday, July 10th. They issued a "neutral" rating and a $130.00 price target for the company. Barclays lifted their price objective on Micron Technology from $95.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. JPMorgan Chase & Co. raised their target price on Micron Technology from $165.00 to $185.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Finally, Wedbush raised their target price on Micron Technology from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $147.54.

Micron Technology Stock Down 0.4%

Shares of Micron Technology stock traded down $0.53 during trading hours on Tuesday, hitting $118.48. The company had a trading volume of 12,421,123 shares, compared to its average volume of 16,995,496. The company's 50-day moving average is $118.11 and its two-hundred day moving average is $101.12. The company has a market cap of $132.59 billion, a P/E ratio of 21.35 and a beta of 1.47. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve 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.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results 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. 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 the consensus estimate of $8.83 billion. During the same period in the previous year, the business earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

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.