Micron Technology, Inc. $MU Shares Acquired by Fiduciary Financial Group LLC

Key Points

• Fiduciary Financial Group LLC increased its holdings in Micron Technology by 84.5% in Q2, owning 5,378 shares valued at $650,000 after purchasing an additional 2,463 shares.
• Micron reported earnings of $1.91 EPS for the last quarter, beating estimates of $1.57, with a revenue of $9.30 billion compared to a projected $8.83 billion.
• Several analysts have raised their price targets for Micron Technology, with Piper Sandler setting a target of $165.00 and Robert W. Baird raising it to $200.00, indicating a positive outlook for the stock.

Fiduciary Financial Group LLC increased its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 84.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,378 shares of the semiconductor manufacturer's stock after purchasing an additional 2,463 shares during the quarter. Fiduciary Financial Group LLC's holdings in Micron Technology were worth $650,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sunbeam Capital Management LLC purchased a new stake in Micron Technology in the 4th quarter worth $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Micron Technology during the 1st quarter worth about $33,000. AllSquare Wealth Management LLC boosted its holdings 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 buying an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Micron Technology during the 1st quarter worth approximately $36,000. Finally, Roxbury Financial LLC raised its holdings in shares of Micron Technology by 306.1% during the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock valued at $37,000 after acquiring an additional 300 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Trading Up 4.4%

MU opened at $157.23 on Friday. The stock has a market capitalization of $175.96 billion, a PE ratio of 28.33 and a beta of 1.47. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $158.28. 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 business's 50 day moving average price is $119.94 and its 200 day moving average price is $103.21.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results 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 return on equity of 13.60% and a net margin of 18.41%.The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.83 billion. During the same quarter in the previous year, the business earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, equities research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently announced 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 of this dividend was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.3%. Micron Technology's dividend payout ratio is presently 8.29%.

Insider Buying and Selling at Micron Technology

In related news, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $125.15, for a total transaction of $876,050.00. Following the transaction, the director owned 22,762 shares of the company's stock, valued at approximately $2,848,664.30. This represents a 23.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 7,500 shares of Micron Technology stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $140.58, for a total value of $1,054,350.00. Following the completion of the transaction, the chief executive officer directly owned 355,148 shares of the company's stock, valued at approximately $49,926,705.84. This represents a 2.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 275,946 shares of company stock valued at $33,962,819. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Piper Sandler boosted their price target on Micron Technology from $120.00 to $165.00 and gave the stock an "overweight" rating in a research report 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 stock an "outperform" rating in a report on Friday, June 27th. Citigroup raised their price target on shares of Micron Technology from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday. Arete Research raised shares of Micron Technology to a "strong-buy" rating in a research note on Friday, July 18th. Finally, Erste Group Bank initiated coverage on shares of Micron Technology in a report on Thursday, August 14th. They issued a "buy" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $151.76.

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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