Micron Technology, Inc. $MU Shares Bought by Level Four Advisory Services LLC

Key Points

• Level Four Advisory Services LLC increased its holdings in Micron Technology by 17.8%, acquiring an additional 11,342 shares, bringing its total to 74,926 shares valued at approximately $6.51 million.
• Several analysts have upgraded their price targets for Micron Technology, with Robert W. Baird raising it from $163 to $200, while others include TD Cowen and Wedbush, reflecting a broad positive sentiment despite recent stock fluctuations.
• Micron reported an earnings per share of $1.91 for the last quarter, exceeding analysts' expectations, with a projected Q4 2025 EPS guidance between 2.350 and 2.650.

Level Four Advisory Services LLC raised its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 17.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,926 shares of the semiconductor manufacturer's stock after acquiring an additional 11,342 shares during the period. Level Four Advisory Services LLC's holdings in Micron Technology were worth $6,510,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Duquesne Family Office LLC acquired a new stake in shares of Micron Technology during the fourth quarter valued at about $34,412,000. Janus Henderson Group PLC increased its position in shares of Micron Technology by 74.6% during the fourth quarter. Janus Henderson Group PLC now owns 2,646,936 shares of the semiconductor manufacturer's stock valued at $222,779,000 after acquiring an additional 1,130,680 shares during the last quarter. Mission Wealth Management LP increased its position in shares of Micron Technology by 195.2% during the first quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer's stock valued at $1,360,000 after acquiring an additional 10,348 shares during the last quarter. Centre Asset Management LLC acquired a new stake in shares of Micron Technology during the first quarter valued at about $7,720,000. Finally, ProShare Advisors LLC increased its position in shares of Micron Technology by 16.9% during the fourth quarter. ProShare Advisors LLC now owns 1,650,957 shares of the semiconductor manufacturer's stock valued at $138,945,000 after acquiring an additional 238,687 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Micron Technology

In related news, Director Steven J. Gomo sold 7,000 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $125.15, for a total value of $876,050.00. Following the completion of the sale, the director owned 22,762 shares in the company, valued at $2,848,664.30. This represents a 23.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Manish H. Bhatia sold 80,000 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the completion of the sale, the executive vice president 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 position. The disclosure for this sale can be found here. Insiders have sold 286,042 shares of company stock worth $34,679,277 over the last 90 days. Company insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MU shares. Raymond James Financial raised their price objective on shares of Micron Technology from $120.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, June 26th. The Goldman Sachs Group started coverage on shares of Micron Technology in a report on Thursday, July 10th. They issued a "neutral" rating and a $130.00 price objective for the company. Bank of America lifted their price objective on shares of Micron Technology from $84.00 to $140.00 and gave the company a "neutral" rating in a report on Thursday, June 26th. JPMorgan Chase & Co. lifted their price objective on shares of Micron Technology from $165.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. Finally, Citigroup lifted their price objective on shares of Micron Technology from $130.00 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 have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Micron Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.24.

Micron Technology Stock Up 1.6%

Shares of NASDAQ:MU traded up $1.89 during trading on Friday, hitting $117.68. 16,990,488 shares of the company were exchanged, compared to its average volume of 19,126,924. The stock has a market capitalization of $131.70 billion, a P/E ratio of 21.20 and a beta of 1.37. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $129.85. The firm's 50 day moving average price is $118.48 and its 200-day moving average price is $100.04.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data 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 quarter in the previous year, the firm earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm 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 annualized dividend and a yield of 0.4%. Micron Technology's dividend payout ratio is 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.