Horizon Investments LLC Trims Position in Micron Technology, Inc. $MU

Key Points

• Horizon Investments LLC reduced its stake in Micron Technology by 9.3% in the first quarter, holding 41,422 shares valued at approximately $3.6 million.
• Micron Technology reported a net profit margin of 18.41% and exceeded earnings expectations with an EPS of $1.91 for the most recent quarter.
• Analysts set a consensus target price of $147.24 for Micron Technology, with multiple firms issuing a "buy" or "strong buy" rating, reflecting positive sentiment among analysts.

Horizon Investments LLC reduced its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 9.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,422 shares of the semiconductor manufacturer's stock after selling 4,241 shares during the period. Horizon Investments LLC's holdings in Micron Technology were worth $3,599,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. acquired a new stake in Micron Technology in the 1st quarter valued at about $629,000. Seaview Investment Managers LLC increased its position in Micron Technology by 1.1% in the 1st quarter. Seaview Investment Managers LLC now owns 107,147 shares of the semiconductor manufacturer's stock valued at $9,310,000 after acquiring an additional 1,133 shares in the last quarter. Trivium Point Advisory LLC grew its position in shares of Micron Technology by 14.1% during the 1st quarter. Trivium Point Advisory LLC now owns 27,949 shares of the semiconductor manufacturer's stock worth $2,428,000 after buying an additional 3,444 shares during the period. Certuity LLC grew its position in shares of Micron Technology by 19.2% during the 1st quarter. Certuity LLC now owns 314,818 shares of the semiconductor manufacturer's stock worth $27,355,000 after buying an additional 50,779 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its position in shares of Micron Technology by 65.5% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 353,272 shares of the semiconductor manufacturer's stock worth $30,696,000 after buying an additional 139,839 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Buying and Selling at Micron Technology

In other news, EVP April S. Arnzen sold 15,000 shares of Micron Technology 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 sale, the executive vice president directly owned 148,167 shares in the company, valued at $18,538,655.04. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Manish H. Bhatia sold 80,000 shares of Micron Technology stock in a transaction on Monday, June 30th. The stock was sold at an average price of $123.16, for a total value of $9,852,800.00. Following the sale, the executive vice president owned 275,067 shares in the company, valued at $33,877,251.72. The trade was a 22.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 286,042 shares of company stock worth $34,679,277. 0.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MU shares. UBS Group lifted their price objective on shares of Micron Technology from $120.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Bank of America lifted their price objective on shares of Micron Technology from $84.00 to $140.00 and gave the stock a "neutral" rating in a research note on Thursday, June 26th. Cantor Fitzgerald lifted their price objective on shares of Micron Technology from $145.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. TD Cowen lifted their price objective on shares of Micron Technology from $125.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $150.00 price target on shares of Micron Technology in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $147.24.

Micron Technology Price Performance

Shares of MU stock traded down $1.5850 on Tuesday, reaching $121.9650. The company had a trading volume of 8,037,132 shares, compared to its average volume of 22,964,418. The business's 50-day moving average is $118.27 and its 200 day moving average is $99.40. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $129.85. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $136.49 billion, a PE ratio of 21.95 and a beta of 1.37.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.34. The business 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 quarter in the prior year, the firm posted $0.62 EPS. 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. The ex-dividend date was Monday, July 7th. This represents a $0.46 annualized dividend and a yield of 0.4%. Micron Technology's dividend payout ratio (DPR) is 8.29%.

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.