Micron Technology, Inc. $MU Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lessened its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 39.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,468 shares of the semiconductor manufacturer's stock after selling 22,737 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Micron Technology were worth $3,082,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sunbeam Capital Management LLC acquired a new position in Micron Technology in the fourth quarter worth $26,000. Opal Wealth Advisors LLC bought a new position in shares of Micron Technology during the first quarter worth about $33,000. Roxbury Financial LLC grew its position 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 worth $37,000 after acquiring an additional 300 shares during the last quarter. AllSquare Wealth Management LLC grew its position in shares of Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock worth $35,000 after acquiring an additional 200 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Micron Technology during the first quarter worth about $36,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MU. Wall Street Zen upgraded shares of Micron Technology from a "buy" rating to a "strong-buy" rating in a research report on Friday. Zacks Research raised shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. TD Cowen upped their price objective on shares of Micron Technology from $125.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Morgan Stanley upped their price objective on shares of Micron Technology from $98.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Micron Technology from $165.00 to $185.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $147.54.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $131.46 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. The company's 50-day moving average price is $118.01 and its two-hundred day moving average price is $101.90. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $132.26. The stock has a market cap of $147.12 billion, a PE ratio of 23.69 and a beta of 1.47.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly 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 firm had revenue of $9.30 billion for 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 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, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Scott J. Deboer sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $125.11, for a total value of $2,502,200.00. Following the transaction, the executive vice president owned 166,353 shares in the company, valued at approximately $20,812,423.83. This represents a 10.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP April S. Arnzen sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $125.12, for a total value of $1,876,800.00. Following the sale, the executive vice president directly owned 148,167 shares of the company's stock, valued at $18,538,655.04. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 260,946 shares of company stock worth $31,927,244 over the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

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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