Kingstone Capital Partners Texas LLC Takes Position in Micron Technology, Inc. $MU

Key Points

• Kingstone Capital Partners Texas LLC acquired 35,892 shares of Micron Technology valued at approximately $4.4 million, reflecting increased institutional interest in the semiconductor manufacturer.
• Micron's recent earnings report showed earnings per share of $1.91, exceeding expectations, alongside a revenue of $9.30 billion, which was also above analyst forecasts.
• The company declared a quarterly dividend of $0.115, with a 0.3% yield, and a low dividend payout ratio of 8.29%, indicating financial stability.

Kingstone Capital Partners Texas LLC acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 35,892 shares of the semiconductor manufacturer's stock, valued at approximately $4,424,000.

Several other institutional investors have also added to or reduced their stakes in MU. Sunbeam Capital Management LLC acquired a new position in Micron Technology in the 4th quarter worth $26,000. Opal Wealth Advisors LLC acquired a new position in Micron Technology in the 1st quarter worth $33,000. AllSquare Wealth Management LLC boosted its stake 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 period. MJT & Associates Financial Advisory Group Inc. acquired a new position in Micron Technology in the 1st quarter worth $36,000. Finally, Roxbury Financial LLC boosted its position in Micron Technology by 306.1% during the 1st quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock worth $37,000 after acquiring an additional 300 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

Insider Activity

In other Micron Technology news, EVP Scott J. Deboer sold 20,000 shares of Micron Technology stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $125.11, for a total transaction of $2,502,200.00. Following the completion of the transaction, the executive vice president directly owned 166,353 shares of the company's stock, valued at $20,812,423.83. The trade was a 10.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Manish H. Bhatia sold 80,000 shares of Micron Technology stock in a transaction on Monday, June 30th. The stock was sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the transaction, the executive vice president directly owned 275,067 shares of the company's stock, valued at approximately $33,877,251.72. This trade represents a 22.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 275,946 shares of company stock valued at $34,242,567. 0.30% of the stock is owned by company insiders.

Micron Technology Price Performance

NASDAQ:MU opened at $162.73 on Friday. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $170.45. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $123.82 and a 200 day simple moving average of $105.66. The stock has a market capitalization of $182.12 billion, a PE ratio of 29.32 and a beta of 1.47.

Micron Technology (NASDAQ:MU - Get Free Report) last released 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 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 analysts' expectations of $8.83 billion. During the same period last 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, research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were paid a $0.115 dividend. The ex-dividend date of this dividend 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 currently 8.29%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MU. Wall Street Zen downgraded shares of Micron Technology from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 13th. Needham & Company LLC restated a "buy" rating and set a $150.00 target price on shares of Micron Technology in a report on Monday, August 11th. The Goldman Sachs Group assumed coverage on shares of Micron Technology in a research report on Thursday, July 10th. They set a "neutral" rating and a $130.00 price target on the stock. Raymond James Financial boosted their price target on shares of Micron Technology from $120.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, June 26th. Finally, CLSA assumed coverage on shares of Micron Technology in a research report on Wednesday, August 27th. They set an "outperform" rating and a $155.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $163.50.

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.

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