Micron Technology, Inc. $MU Shares Acquired by Ardsley Advisory Partners LP

Key Points

• Ardsley Advisory Partners LP increased its holdings in Micron Technology by 6.7%, now owning 80,000 shares valued at approximately $6.95 million.
• Institutional investors own 80.84% of Micron's stock, with major investments from firms such as Nuveen LLC and Vanguard Group.
• Micron's quarterly earnings beat expectations, reporting earnings per share of $1.91 against the anticipated $1.57, while also announcing a quarterly dividend of $0.115.

Ardsley Advisory Partners LP grew its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 6.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,000 shares of the semiconductor manufacturer's stock after purchasing an additional 5,000 shares during the quarter. Micron Technology makes up approximately 1.3% of Ardsley Advisory Partners LP's portfolio, making the stock its 21st largest holding. Ardsley Advisory Partners LP's holdings in Micron Technology were worth $6,951,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Micron Technology in the first quarter valued at $369,191,000. Vanguard Group Inc. raised its stake in Micron Technology by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock valued at $8,854,644,000 after purchasing an additional 2,049,163 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Micron Technology by 23.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock valued at $922,467,000 after purchasing an additional 2,038,641 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Micron Technology by 10,369.6% in the 1st quarter. GAMMA Investing LLC now owns 1,873,435 shares of the semiconductor manufacturer's stock valued at $162,783,000 after purchasing an additional 1,855,541 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Micron Technology by 26.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock worth $590,807,000 after purchasing an additional 1,416,174 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Steven J. Gomo sold 7,000 shares of Micron Technology stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $125.15, for a total transaction of $876,050.00. Following the sale, the director owned 22,762 shares in the company, valued at $2,848,664.30. This trade represents a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary Pat Mccarthy sold 2,404 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $115.67, for a total transaction of $278,070.68. Following the completion of the transaction, the director owned 20,146 shares of the company's stock, valued at $2,330,287.82. This trade represents a 10.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 264,884 shares of company stock valued at $32,363,889. 0.30% of the stock is owned by insiders.

Micron Technology Trading Up 5.8%

MU stock traded up $7.16 during midday trading on Friday, reaching $131.37. 28,358,729 shares of the company's stock traded hands, compared to its average volume of 16,826,394. The company has a market capitalization of $147.02 billion, a P/E ratio of 23.67 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 fifty-two week low of $61.54 and a fifty-two week high of $131.41. The business has a 50-day moving average price of $117.85 and a two-hundred day moving average price of $101.70.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (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 analyst estimates 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 prior year, the business earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, July 7th. Micron Technology's payout ratio is currently 8.29%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. KGI Securities lowered shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Morgan Stanley boosted their price target on Micron Technology from $98.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday, June 26th. Zacks Research upgraded Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Piper Sandler increased their target price on Micron Technology from $120.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Finally, Wells Fargo & Company raised their price target on Micron Technology from $150.00 to $170.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $147.54.

Micron Technology Company 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.