Micron Technology, Inc. $MU Shares Bought by Vanguard Capital Wealth Advisors

Key Points

• Vanguard Capital Wealth Advisors increased its holdings in Micron Technology, buying an additional 5,750 shares and boosting its overall position by 151.3% during the second quarter.
• Micron's recent earnings report revealed an EPS of $1.91, surpassing estimates, with revenue of $9.30 billion well above expectations of $8.83 billion.
• A significant number of analysts have upgraded Micron Technology, with price targets ranging from $150 to $200 and an average rating of "Moderate Buy."

Vanguard Capital Wealth Advisors boosted its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 151.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,550 shares of the semiconductor manufacturer's stock after purchasing an additional 5,750 shares during the period. Micron Technology makes up 1.2% of Vanguard Capital Wealth Advisors' portfolio, making the stock its 20th biggest position. Vanguard Capital Wealth Advisors' holdings in Micron Technology were worth $1,177,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MU. Sunbeam Capital Management LLC acquired 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 during the 1st quarter valued at $33,000. AllSquare Wealth Management LLC grew its holdings in Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Micron Technology during the 1st quarter valued at $36,000. Finally, Roxbury Financial LLC boosted its stake in Micron Technology by 306.1% during the 1st 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 owned by institutional investors and hedge funds.

Insider Transactions at Micron Technology

In other news, EVP Manish H. Bhatia sold 80,000 shares of Micron Technology stock in a transaction that occurred on Monday, June 30th. The shares were 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 of the company's stock, valued at $33,877,251.72. This trade represents a 22.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary Pat Mccarthy sold 2,404 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total transaction of $278,070.68. Following the transaction, the director directly owned 20,146 shares in the company, valued at $2,330,287.82. This trade represents a 10.66% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 275,946 shares of company stock valued at $34,242,567. Insiders own 0.30% of the company's stock.

Micron Technology Stock Performance

Shares of MU opened at $162.73 on Friday. The firm's 50 day moving average is $123.82 and its 200-day moving average is $105.66. The stock has a market capitalization of $182.12 billion, a P/E ratio of 29.32 and a beta of 1.47. 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 $170.45.

Micron Technology (NASDAQ:MU - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations 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 last year, the company posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were paid a $0.115 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.3%. Micron Technology's payout ratio is 8.29%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MU shares. JPMorgan Chase & Co. increased their price objective on shares of Micron Technology from $165.00 to $185.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Arete Research upgraded shares of Micron Technology to a "strong-buy" rating in a research note on Friday, July 18th. Rosenblatt Securities reiterated a "buy" rating and set a $200.00 price objective on shares of Micron Technology in a research note on Thursday. Erste Group Bank started coverage on shares of Micron Technology in a research report on Thursday, August 14th. They issued a "buy" rating on the stock. Finally, Raymond James Financial raised their price target 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. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $163.50.

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.

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