Jump Financial LLC Buys 4,285 Shares of Micron Technology, Inc. $MU

Key Points

• Jump Financial LLC increased its stake in Micron Technology by 71.7% during the first quarter, acquiring a total of 10,260 shares valued at approximately $891,000.
• Several major hedge funds, including Nuveen LLC and Vanguard Group Inc., also boosted their positions in Micron Technology, indicating strong institutional interest in the stock.
• Micron Technology reported a substantial quarterly earnings beat, with earnings per share of $1.91 against the expected $1.57, and projected Q4 2025 EPS guidance of 2.350-2.650.

Jump Financial LLC grew its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 71.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,260 shares of the semiconductor manufacturer's stock after purchasing an additional 4,285 shares during the quarter. Jump Financial LLC's holdings in Micron Technology were worth $891,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. D.B. Root & Company LLC increased its position in Micron Technology by 3.7% during the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer's stock worth $262,000 after acquiring an additional 108 shares during the period. Orca Wealth Management LLC raised its holdings in shares of Micron Technology by 1.5% in the first quarter. Orca Wealth Management LLC now owns 8,485 shares of the semiconductor manufacturer's stock valued at $737,000 after buying an additional 129 shares during the last quarter. Sunpointe LLC raised its holdings in Micron Technology by 4.0% during the 1st quarter. Sunpointe LLC now owns 3,443 shares of the semiconductor manufacturer's stock worth $300,000 after purchasing an additional 131 shares during the last quarter. Foundations Investment Advisors LLC raised its holdings in Micron Technology by 2.1% during the 1st quarter. Foundations Investment Advisors LLC now owns 6,561 shares of the semiconductor manufacturer's stock worth $570,000 after purchasing an additional 138 shares during the last quarter. Finally, Allen Capital Group LLC raised its holdings in Micron Technology by 3.2% during the 1st quarter. Allen Capital Group LLC now owns 4,460 shares of the semiconductor manufacturer's stock worth $388,000 after purchasing an additional 139 shares during the last quarter. Institutional investors own 80.84% of the company's stock.

Insider Buying and Selling

In related news, EVP Scott J. Deboer sold 20,000 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the transaction, the executive vice president owned 186,353 shares in the company, valued at approximately $20,498,830. This trade represents a 9.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $125.12, for a total value of $1,876,800.00. Following the completion of the transaction, the executive vice president owned 148,167 shares in the company, valued at $18,538,655.04. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 286,042 shares of company stock valued at $34,679,277 in the last ninety days. Insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MU. Deutsche Bank Aktiengesellschaft began coverage on shares of Micron Technology in a research note on Thursday, July 10th. They issued a "buy" rating and a $150.00 target price for the company. UBS Group upped their target price on shares of Micron Technology from $120.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Robert W. Baird upped their target price on shares of Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, June 27th. Rosenblatt Securities reiterated a "buy" rating and issued a $200.00 price objective on shares of Micron Technology in a research report on Monday, August 11th. Finally, Wells Fargo & Company boosted their price objective on Micron Technology from $150.00 to $170.00 and gave the company 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 issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Micron Technology has a consensus rating of "Moderate Buy" and an average price target of $147.54.

Micron Technology Stock Down 2.5%

NASDAQ:MU traded down $2.99 during trading hours on Friday, reaching $119.01. 16,756,869 shares of the stock were exchanged, compared to its average volume of 17,734,524. 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. The firm has a 50 day moving average of $118.17 and a 200 day moving average of $100.94. The stock has a market cap of $133.19 billion, a PE ratio of 21.44 and a beta of 1.47.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating the consensus estimate of $1.57 by $0.34. The company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.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, equities analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were given a $0.115 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.4%. Micron Technology's dividend payout ratio (DPR) is presently 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.