Krilogy Financial LLC Buys 4,812 Shares of Micron Technology, Inc. $MU

Key Points

• Krilogy Financial LLC increased its stake in Micron Technology by 21.5%, owning a total of 27,190 shares valued at approximately $3.35 million after acquiring an additional 4,812 shares in the second quarter.
• Several large investors, including Czech National Bank and Goldstone Financial Group LLC, have also purchased shares, contributing to 80.84% of Micron's stock being owned by institutional investors.
• Micron Technology's stock performance has seen a price target increase from various analysts, reflecting positive sentiment with ratings including "buy" and "strong-buy", as well as a reported earnings per share of $1.91, exceeding estimates.

Krilogy Financial LLC lifted its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 21.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,190 shares of the semiconductor manufacturer's stock after acquiring an additional 4,812 shares during the period. Krilogy Financial LLC's holdings in Micron Technology were worth $3,351,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Czech National Bank boosted its holdings in Micron Technology by 6.7% in the 2nd quarter. Czech National Bank now owns 273,152 shares of the semiconductor manufacturer's stock valued at $33,666,000 after purchasing an additional 17,244 shares during the period. Strategic Advocates LLC bought a new position in Micron Technology in the 2nd quarter valued at $225,000. Rise Advisors LLC boosted its holdings in Micron Technology by 75.6% in the 2nd quarter. Rise Advisors LLC now owns 4,167 shares of the semiconductor manufacturer's stock valued at $514,000 after purchasing an additional 1,794 shares during the period. RMR Wealth Builders boosted its holdings in Micron Technology by 4.8% in the 2nd quarter. RMR Wealth Builders now owns 2,875 shares of the semiconductor manufacturer's stock valued at $354,000 after purchasing an additional 131 shares during the period. Finally, Goldstone Financial Group LLC boosted its holdings in Micron Technology by 50.2% in the 2nd quarter. Goldstone Financial Group LLC now owns 5,180 shares of the semiconductor manufacturer's stock valued at $633,000 after purchasing an additional 1,731 shares during the period. 80.84% of the stock is owned by institutional investors.

Insider Transactions at Micron Technology

In other Micron Technology news, CFO Mark J. Murphy sold 34,000 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total value of $3,716,880.00. Following the transaction, the chief financial officer owned 264,036 shares in the company, valued at approximately $28,864,415.52. The trade was a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $125.12, for a total transaction 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. In the last three months, insiders have sold 268,446 shares of company stock valued at $33,055,075. Company insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on MU shares. Citigroup raised their price target on shares of Micron Technology from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, September 11th. Morgan Stanley raised their price target on shares of Micron Technology from $98.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday, June 26th. Arete Research raised shares of Micron Technology to a "strong-buy" rating in a report on Friday, July 18th. The Goldman Sachs Group initiated coverage on shares of Micron Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $130.00 price objective for the company. Finally, Piper Sandler lifted their price objective on shares of Micron Technology from $120.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $155.16.

Micron Technology Stock Performance

Micron Technology stock opened at $157.77 on Tuesday. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $176.56 billion, a PE ratio of 28.43 and a beta of 1.47. The firm has a fifty day simple moving average of $120.69 and a two-hundred day simple moving average of $103.78. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $160.34.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.34. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $8.83 billion. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. During the same period in the previous year, the firm posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders 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 0.3%. Micron Technology's payout ratio is presently 8.29%.

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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