Howard Financial Services LTD. Invests $232,000 in Micron Technology, Inc. $MU

Key Points

• Howard Financial Services LTD. has invested approximately $232,000 in Micron Technology, Inc. by purchasing 1,879 shares during the second quarter.
• Micron Technology reported a quarterly EPS of $1.91, surpassing consensus estimates by $0.34, with revenues of $9.30 billion for the quarter.
• Institutional investors currently hold 80.84% of Micron's stock, indicating strong institutional support and interest in the semiconductor manufacturer.

Howard Financial Services LTD. purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,879 shares of the semiconductor manufacturer's stock, valued at approximately $232,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Doliver Advisors LP increased its stake in shares of Micron Technology by 2.4% during the second quarter. Doliver Advisors LP now owns 7,046 shares of the semiconductor manufacturer's stock worth $868,000 after acquiring an additional 163 shares during the period. Kera Capital Partners Inc. acquired a new position in shares of Micron Technology during the second quarter worth about $211,000. Rowlandmiller & PARTNERS.ADV acquired a new position in shares of Micron Technology during the second quarter worth about $108,000. AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Micron Technology during the first quarter worth about $3,922,000. Finally, Voya Investment Management LLC increased its stake in shares of Micron Technology by 21.6% during the first quarter. Voya Investment Management LLC now owns 2,956,411 shares of the semiconductor manufacturer's stock worth $256,701,000 after acquiring an additional 525,596 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Stock Up 4.4%

Shares of NASDAQ MU opened at $157.23 on Friday. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $158.28. The company has a market capitalization of $175.96 billion, a PE ratio of 28.33 and a beta of 1.47. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. The firm's 50-day moving average is $119.94 and its two-hundred day moving average is $103.25.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (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 company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.83 billion. During the same quarter in the prior year, the firm earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Wall Street Analyst Weigh In

MU has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of Micron Technology from $84.00 to $140.00 and gave the stock a "neutral" rating in a research note on Thursday, June 26th. Citigroup upped their target price on shares of Micron Technology from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday. Wedbush upped their target price on shares of Micron Technology from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Thursday, June 26th. Wall Street Zen lowered shares of Micron Technology from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Micron Technology currently has an average rating of "Moderate Buy" and a consensus target price of $151.76.

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 7,500 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $140.58, for a total value of $1,054,350.00. Following the sale, the chief executive officer owned 355,148 shares of the company's stock, valued at $49,926,705.84. This represents a 2.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $125.15, for a total transaction of $876,050.00. Following the transaction, the director directly owned 22,762 shares in the company, valued at $2,848,664.30. The trade was a 23.52% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 275,946 shares of company stock valued at $33,962,819. 0.30% of the stock is owned by company insiders.

Micron Technology Company 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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