Coppell Advisory Solutions LLC Buys 19,885 Shares of Micron Technology, Inc. $MU

Key Points

• Coppell Advisory Solutions LLC significantly increased its stake in Micron Technology by 2,523.5% in Q1, now owning 20,673 shares worth approximately $1.8 million.
• Micron Technology reported earnings of $1.91 per share, surpassing estimates, with revenue for the quarter reaching $9.30 billion, outperforming the anticipated $8.83 billion.
• The company's stock has demonstrated strong performance, with a 52-week range of $61.54 to $131.41, and a current market cap of $147.02 billion.

Coppell Advisory Solutions LLC grew its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 2,523.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,673 shares of the semiconductor manufacturer's stock after purchasing an additional 19,885 shares during the period. Coppell Advisory Solutions LLC's holdings in Micron Technology were worth $1,796,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MU. Clearline Capital LP grew its position in Micron Technology by 8.1% during the first quarter. Clearline Capital LP now owns 338,915 shares of the semiconductor manufacturer's stock worth $29,448,000 after buying an additional 25,362 shares in the last quarter. Fred Alger Management LLC purchased a new position in shares of Micron Technology during the first quarter worth about $30,636,000. Challenger Wealth Management bought a new position in shares of Micron Technology in the first quarter worth approximately $226,000. First Dallas Securities Inc. raised its stake in Micron Technology by 4.5% in the first quarter. First Dallas Securities Inc. now owns 14,630 shares of the semiconductor manufacturer's stock valued at $1,271,000 after purchasing an additional 630 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its stake in Micron Technology by 128.9% in the first quarter. Ashton Thomas Private Wealth LLC now owns 37,228 shares of the semiconductor manufacturer's stock valued at $3,238,000 after purchasing an additional 20,963 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Activity at Micron Technology

In other Micron Technology news, Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total value of $278,070.68. Following the completion of the sale, the director owned 20,146 shares in the company, valued at approximately $2,330,287.82. This trade represents a 10.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of Micron Technology stock in a transaction that occurred on Friday, June 27th. The stock was 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 approximately $2,848,664.30. This represents a 23.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 268,446 shares of company stock valued at $32,908,469 in the last quarter. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MU shares. Needham & Company LLC reissued a "buy" rating and issued a $150.00 price target on shares of Micron Technology in a report on Monday, August 11th. Raymond James Financial upped their target price 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. CLSA assumed coverage on Micron Technology in a research report on Wednesday, August 27th. They set an "outperform" rating and a $155.00 price target on the stock. Wells Fargo & Company upped their price objective on Micron Technology from $150.00 to $170.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, Erste Group Bank assumed coverage on Micron Technology in a research report on Thursday, August 14th. They set a "buy" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $147.54.

Micron Technology Trading Up 3.5%

Shares of MU traded up $4.76 during trading hours on Wednesday, hitting $140.00. The company had a trading volume of 25,669,345 shares, compared to its average volume of 15,756,141. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $142.24. 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 stock's 50 day moving average price is $118.30 and its 200 day moving average price is $102.13. The firm has a market cap of $156.68 billion, a P/E ratio of 23.52 and a beta of 1.47.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, topping the consensus estimate of $1.57 by $0.34. The company had revenue of $9.30 billion for 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 earned $0.62 earnings per share. 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 EPS for the current year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were paid 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 of this dividend was Monday, July 7th. 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.