Northwest & Ethical Investments L.P. Has $425,000 Holdings in Micron Technology, Inc. $MU

Key Points

• Northwest & Ethical Investments L.P. increased its stake in Micron Technology by 157.9% in Q1, now owning 4,900 shares valued at $425,000.
• Several hedge funds, including Price T Rowe Associates Inc. and Vanguard Group Inc., have notably increased their positions in Micron, with 80.84% of the stock now held by institutional investors.
• Micron reported a Q3 earnings per share of $1.91, exceeding estimates, and announced a quarterly dividend of $0.115 per share, reflecting a dividend yield of 0.4%.

Northwest & Ethical Investments L.P. lifted its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 157.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,900 shares of the semiconductor manufacturer's stock after acquiring an additional 3,000 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Micron Technology were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Sunbeam Capital Management LLC acquired a new stake in shares of Micron Technology in the 4th quarter worth approximately $26,000. Opal Wealth Advisors LLC acquired a new stake in Micron Technology during the first quarter valued at approximately $33,000. AllSquare Wealth Management LLC lifted its stake in Micron Technology by 100.0% during 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 during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Micron Technology during the first quarter valued at approximately $36,000. Finally, Roxbury Financial LLC lifted its stake in Micron Technology by 306.1% during 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 during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Micron Technology news, CFO Mark J. Murphy sold 34,000 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total value of $3,716,880.00. Following the completion of the sale, the chief financial officer owned 264,036 shares in the company, valued at $28,864,415.52. This represents a 11.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $121.28, for a total transaction of $291,557.12. Following the completion of the sale, the director owned 22,550 shares of the company's stock, valued at approximately $2,734,864. The trade was a 9.63% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 286,042 shares of company stock worth $34,679,277. Insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on MU. Mizuho increased their target price on shares of Micron Technology from $124.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, June 5th. Cantor Fitzgerald lifted their price target on 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 target on Micron Technology from $125.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Arete Research raised Micron Technology to a "strong-buy" rating in a research note on Friday, July 18th. Finally, Needham & Company LLC restated a "buy" rating and issued a $150.00 price target on shares of Micron Technology in a research report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on 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 Up 1.6%

Shares of NASDAQ:MU traded up $1.89 during mid-day trading on Friday, hitting $117.68. The stock had a trading volume of 16,990,488 shares, compared to its average volume of 19,126,924. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $129.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. The company has a market cap of $131.70 billion, a PE ratio of 21.20 and a beta of 1.37. The company's 50 day moving average is $118.48 and its 200-day moving average is $100.04.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $8.83 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, sell-side analysts predict 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. Shareholders of record on Monday, July 7th were given a $0.115 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.4%. Micron Technology's dividend payout ratio is presently 8.29%.

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.