Integrity Alliance LLC. Acquires 15,384 Shares of Micron Technology, Inc. $MU

Key Points

• Integrity Alliance LLC significantly increased its stake in Micron Technology, acquiring an additional 15,384 shares and raising its total holdings by 278.8% during the first quarter, bringing the total value to $1,816,000.
• Micron Technology reported a quarterly earnings of $1.91 EPS, exceeding analysts' estimates of $1.57, with a revenue of $9.30 billion for the quarter.
• The company recently declared a quarterly dividend of $0.115 per share, representing an annualized yield of 0.3% and a dividend payout ratio of 8.29%.

Integrity Alliance LLC. lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 278.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,901 shares of the semiconductor manufacturer's stock after acquiring an additional 15,384 shares during the period. Integrity Alliance LLC.'s holdings in Micron Technology were worth $1,816,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MU. Nuveen LLC bought a new stake in shares of Micron Technology during the first quarter worth about $369,191,000. Vanguard Group Inc. grew its position in Micron Technology by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock worth $8,854,644,000 after purchasing an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Micron Technology by 23.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock worth $922,467,000 after purchasing an additional 2,038,641 shares in the last quarter. GAMMA Investing LLC grew its position in Micron Technology by 10,369.6% in the 1st quarter. GAMMA Investing LLC now owns 1,873,435 shares of the semiconductor manufacturer's stock worth $162,783,000 after purchasing an additional 1,855,541 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in 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 in the last quarter. 80.84% of the stock is owned by institutional investors.

Micron Technology Price Performance

Micron Technology stock traded up $6.66 during midday trading on Friday, reaching $157.23. 32,223,879 shares of the stock were exchanged, compared to its average volume of 18,134,322. The company's fifty day moving average is $119.94 and its 200-day moving average is $103.21. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. The firm has a market cap of $175.96 billion, a PE ratio of 28.33 and a beta of 1.47. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $158.28.

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, topping analysts' consensus estimates of $1.57 by $0.34. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.83 billion. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. During the same quarter in the prior year, the firm posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were given a dividend of $0.115 per share. The ex-dividend date was Monday, July 7th. This represents a $0.46 annualized dividend and a dividend yield of 0.3%. Micron Technology's dividend payout ratio (DPR) is 8.29%.

Wall Street Analyst Weigh In

MU has been the subject of a number of recent analyst reports. KeyCorp upped their price objective 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $150.00 price objective on shares of Micron Technology in a research report on Monday, August 11th. Mizuho upped their price objective on shares of Micron Technology from $124.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th. The Goldman Sachs Group initiated coverage on shares of Micron Technology in a research report on Thursday, July 10th. They issued a "neutral" rating and a $130.00 price objective for the company. Finally, Arete Research raised shares of Micron Technology to a "strong-buy" rating in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $151.76.

Insider Activity

In other news, CFO Mark J. Murphy sold 34,000 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the sale, the chief financial officer owned 264,036 shares in the company, valued at approximately $28,864,415.52. This trade represents a 11.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven J. Gomo sold 7,000 shares of the firm's stock in a transaction 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 sale, the director owned 22,762 shares in the company, valued at approximately $2,848,664.30. This trade represents a 23.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 275,946 shares of company stock worth $33,962,819. Corporate insiders own 0.30% of the company's stock.

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.