Mirador Capital Partners LP Purchases 3,070 Shares of Micron Technology, Inc. $MU

Key Points

• Mirador Capital Partners LP increased its stake in Micron Technology, Inc. by 21.7%, acquiring an additional 3,070 shares, bringing its total holdings to approximately $2.12 million.
• Micron Technology's stock saw recent upgrades from analysts, including increases in price targets from firms like Mizuho and Robert W. Baird, reflecting a positive outlook for the company's performance.
• Insider activity revealed significant stock sales by executive vice presidents, with a total of 268,446 shares sold in the last ninety days, indicating potential shifts in confidence among corporate leadership.

Mirador Capital Partners LP boosted its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 21.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,205 shares of the semiconductor manufacturer's stock after purchasing an additional 3,070 shares during the quarter. Mirador Capital Partners LP's holdings in Micron Technology were worth $2,121,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sunbeam Capital Management LLC bought a new stake in shares of Micron Technology in the fourth quarter valued at about $26,000. Opal Wealth Advisors LLC bought a new stake in Micron Technology in the 1st quarter valued at about $33,000. Roxbury Financial LLC boosted its holdings in Micron Technology by 306.1% in the 1st quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock valued at $37,000 after purchasing an additional 300 shares during the period. AllSquare Wealth Management LLC boosted its holdings in Micron Technology by 100.0% in the 1st 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 during the period. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Micron Technology in the first quarter valued at approximately $36,000. 80.84% of the stock is currently owned by institutional investors.

Insider Activity at Micron Technology

In other news, EVP Sumit Sadana sold 92,638 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the completion of the transaction, the executive vice president directly owned 201,326 shares in the company, valued at $25,264,399.74. This trade represents a 31.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president owned 148,167 shares of the company's stock, valued at $18,538,655.04. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 268,446 shares of company stock valued at $33,055,075 over the last ninety days. Insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

MU has been the subject of several recent research reports. Mizuho boosted their price target on Micron Technology from $155.00 to $182.00 and gave the company an "outperform" rating in a research note on Tuesday. Robert W. Baird upped their target price on Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, June 27th. Barclays upped their target price on Micron Technology from $95.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, June 26th. Arete Research raised shares of Micron Technology to a "strong-buy" rating in a research report on Friday, July 18th. Finally, Zacks Research raised shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Micron Technology currently has a consensus rating of "Moderate Buy" and an average target price of $157.24.

Micron Technology Stock Up 0.7%

Shares of NASDAQ MU opened at $158.82 on Wednesday. The company has a 50 day simple moving average of $121.38 and a 200 day simple moving average of $104.16. The firm has a market cap of $177.74 billion, a PE ratio of 28.62 and a beta of 1.47. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $160.34. 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 (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.34. The firm 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 last year, the firm earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The business also recently announced 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. 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 (DPR) is currently 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.

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