MBB Public Markets I LLC lessened its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 99.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,049 shares of the semiconductor manufacturer's stock after selling 341,087 shares during the period. MBB Public Markets I LLC's holdings in Micron Technology were worth $265,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of MU. Ascent Group LLC grew its position in Micron Technology by 110.9% in the 1st quarter. Ascent Group LLC now owns 5,805 shares of the semiconductor manufacturer's stock worth $504,000 after purchasing an additional 3,052 shares during the last quarter. Coppell Advisory Solutions LLC grew its position in Micron Technology by 2,523.5% in the 1st quarter. Coppell Advisory Solutions LLC now owns 20,673 shares of the semiconductor manufacturer's stock worth $1,796,000 after purchasing an additional 19,885 shares during the last quarter. Clearline Capital LP grew its position in Micron Technology by 8.1% in the 1st quarter. Clearline Capital LP now owns 338,915 shares of the semiconductor manufacturer's stock worth $29,448,000 after purchasing an additional 25,362 shares during the last quarter. Fred Alger Management LLC bought a new position in Micron Technology in the 1st quarter worth about $30,636,000. Finally, Challenger Wealth Management bought a new position in Micron Technology in the 1st quarter worth about $226,000. Institutional investors own 80.84% of the company's stock.
Micron Technology Price Performance
Shares of NASDAQ:MU traded up $6.66 during midday trading on Friday, reaching $157.23. 32,223,879 shares of the company's stock were exchanged, compared to its average volume of 18,134,322. The company's 50 day simple moving average is $119.23 and its two-hundred day simple moving average is $102.77. The firm has a market capitalization of $175.96 billion, a PE ratio of 28.33 and a beta of 1.47. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $158.28. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75.
Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.34. The company 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 period last year, the firm earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.
Micron Technology Dividend Announcement
The company 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 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, July 7th. Micron Technology's dividend payout ratio is currently 8.29%.
Wall Street Analyst Weigh In
Several research firms have commented on MU. KGI Securities cut shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Susquehanna upped their target price on shares of Micron Technology from $150.00 to $160.00 and gave the stock a "positive" rating in a research report on Thursday, June 26th. Wells Fargo & Company upped their target price on shares of Micron Technology from $150.00 to $170.00 and gave the stock an "overweight" rating in a research report on Thursday, June 26th. TD Cowen upped their target price on shares of Micron Technology from $125.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $200.00 price target on shares of Micron Technology in a research note on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $151.76.
Check Out Our Latest Research Report on MU
Insider Activity at Micron Technology
In other news, CFO Mark J. Murphy sold 34,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the completion of the sale, the chief financial officer owned 264,036 shares of the company's stock, valued at approximately $28,864,415.52. This trade represents a 11.41% 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 Manish H. Bhatia sold 80,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the sale, the executive vice president directly owned 275,067 shares of the company's stock, valued at approximately $33,877,251.72. The trade was a 22.53% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,946 shares of company stock valued at $33,962,819. Insiders own 0.30% of the company's stock.
Micron Technology Company Profile
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Free Report)
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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