Tocqueville Asset Management L.P. Has $17.56 Million Stock Position in Micron Technology, Inc. $MU

Key Points

• Tocqueville Asset Management increased its stake in Micron Technology by 71.2%, owning 202,129 shares valued at approximately $17.56 million.
• Micron Technology reported a quarterly EPS of $1.91, surpassing estimates and achieving $9.30 billion in revenue for the quarter.
• The company declared a quarterly dividend of $0.115, representing a 0.4% yield and a low payout ratio of 8.29%.

Tocqueville Asset Management L.P. increased its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 71.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 202,129 shares of the semiconductor manufacturer's stock after buying an additional 84,075 shares during the period. Tocqueville Asset Management L.P.'s holdings in Micron Technology were worth $17,563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MU. Sunbeam Capital Management LLC purchased a new stake in Micron Technology during the fourth quarter worth about $26,000. Opal Wealth Advisors LLC purchased a new stake in shares of Micron Technology in the first quarter valued at about $33,000. AllSquare Wealth Management LLC lifted its holdings in shares of Micron Technology by 100.0% in the first 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. purchased a new stake in shares of Micron Technology in the first quarter valued at about $36,000. Finally, Roxbury Financial LLC lifted its holdings in shares of Micron Technology by 306.1% in the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock valued at $37,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Micron Technology from $98.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday, June 26th. The Goldman Sachs Group assumed coverage on shares of Micron Technology in a report on Thursday, July 10th. They issued a "neutral" rating and a $130.00 price target on the stock. Arete Research raised shares of Micron Technology to a "strong-buy" rating in a report on Friday, July 18th. Barclays upped their price objective on shares of Micron Technology from $95.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, June 26th. Finally, Wells Fargo & Company upped their price objective on shares of Micron Technology from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $147.24.

Micron Technology Trading Down 1.2%

MU stock traded down $1.50 on Tuesday, hitting $122.05. 11,397,477 shares of the company were exchanged, compared to its average volume of 22,971,588. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $129.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. The business's fifty day moving average is $118.27 and its two-hundred day moving average is $99.40. The stock has a market capitalization of $136.59 billion, a price-to-earnings ratio of 21.99 and a beta of 1.37.

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. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. During the same quarter in the prior year, the business posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Insider Activity

In other news, EVP Sumit Sadana sold 92,638 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $125.49, for a total value of $11,625,142.62. Following the completion of the sale, the executive vice president owned 201,326 shares of the company's stock, valued at $25,264,399.74. This represents a 31.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $125.12, for a total transaction of $1,876,800.00. Following the completion of 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 a total of 286,042 shares of company stock valued at $34,679,277 in the last ninety days. 0.30% of the stock is owned by company insiders.

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.