Micron Technology, Inc. $MU Position Lessened by Intech Investment Management LLC

Intech Investment Management LLC reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 84.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,661 shares of the semiconductor manufacturer's stock after selling 213,555 shares during the quarter. Intech Investment Management LLC's holdings in Micron Technology were worth $3,446,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Sunbeam Capital Management LLC bought a new stake in Micron Technology during the 4th quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new stake in Micron Technology in the first quarter worth about $33,000. AllSquare Wealth Management LLC boosted its holdings in shares of Micron Technology by 100.0% in the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock valued at $35,000 after acquiring an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Micron Technology in the first quarter worth approximately $36,000. Finally, Roxbury Financial LLC lifted its position in Micron Technology by 306.1% in the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock worth $37,000 after purchasing an additional 300 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Micron Technology from $163.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, June 27th. Wall Street Zen downgraded shares of Micron Technology from a "strong-buy" rating to a "buy" rating in a report on Saturday. The Goldman Sachs Group initiated coverage on shares of Micron Technology in a research note on Thursday, July 10th. They set a "neutral" rating and a $130.00 target price for the company. Susquehanna lifted their price target on shares of Micron Technology from $150.00 to $160.00 and gave the stock a "positive" rating in a research report on Thursday, June 26th. Finally, TD Cowen upped their price target on Micron Technology from $125.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Two equities 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $151.76.

Insiders Place Their Bets

In related news, EVP Manish H. Bhatia sold 80,000 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $123.16, for a total value of $9,852,800.00. Following the transaction, the executive vice president owned 275,067 shares in the company, valued at approximately $33,877,251.72. This represents a 22.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark J. Murphy sold 34,000 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total transaction 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. This trade represents a 11.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 275,946 shares of company stock worth $33,962,819 in the last quarter. Corporate insiders own 0.30% of the company's stock.

Micron Technology Stock Up 4.4%

Shares of Micron Technology stock opened at $157.23 on Friday. 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 company has a market cap of $175.96 billion, a P/E ratio of 28.33 and a beta of 1.47. The stock has a 50-day moving average price of $119.94 and a 200 day moving average price of $103.25. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $158.28.

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

Micron Technology Dividend Announcement

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

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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