2,350 Shares in Micron Technology, Inc. $MU Purchased by Pinnacle Wealth Planning Services Inc.

Key Points

• Pinnacle Wealth Planning Services Inc. has acquired a new stake in Micron Technology, purchasing 2,350 shares valued at approximately $204,000 during the first quarter.
• Several institutional investors have increased their stakes in Micron, with Duquesne Family Office LLC investing $34.4 million and Janus Henderson Group PLC boosting holdings by 74.6%.
• Analyst ratings for Micron Technology are largely positive, with 21 "Buy" ratings, improving price targets, and an average target price of $147.54.

Pinnacle Wealth Planning Services Inc. bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,350 shares of the semiconductor manufacturer's stock, valued at approximately $204,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after purchasing an additional 976 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of Micron Technology by 19.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 85,722 shares of the semiconductor manufacturer's stock worth $7,214,000 after purchasing an additional 13,985 shares during the last quarter. Gallagher Fiduciary Advisors LLC boosted its stake in shares of Micron Technology by 9.9% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 2,509 shares of the semiconductor manufacturer's stock worth $211,000 after purchasing an additional 227 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in shares of Micron Technology by 36.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 11,596 shares of the semiconductor manufacturer's stock valued at $976,000 after acquiring an additional 3,072 shares during the last quarter. Finally, BLI Banque de Luxembourg Investments acquired a new position in shares of Micron Technology during the 4th quarter valued at about $1,191,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Stock Down 0.4%

Shares of MU stock traded down $0.53 during trading hours on Tuesday, reaching $118.48. The company had a trading volume of 12,421,123 shares, compared to its average volume of 22,579,229. 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, Inc. has a twelve month low of $61.54 and a twelve month high of $129.85. The company has a market capitalization of $132.59 billion, a P/E ratio of 21.35 and a beta of 1.47. The stock's fifty day simple moving average is $118.11 and its 200 day simple moving average is $101.12.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.34. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.The business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. 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. As a group, sell-side analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were paid a $0.115 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.4%. Micron Technology's dividend payout ratio (DPR) is 8.29%.

Insiders Place Their Bets

In other news, Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $121.28, for a total value of $291,557.12. Following the completion of the sale, the director owned 22,550 shares in the company, valued at approximately $2,734,864. This trade represents a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark J. Murphy sold 34,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $28,864,415.52. This trade represents a 11.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 286,042 shares of company stock valued at $34,679,277. Company insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

MU has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on shares of Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, June 27th. 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. Stifel Nicolaus upped their price objective on shares of Micron Technology from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. The Goldman Sachs Group assumed coverage on shares of Micron Technology in a research note on Thursday, July 10th. They set a "neutral" rating and a $130.00 price objective for the company. Finally, Arete Research raised Micron Technology to a "strong-buy" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $147.54.

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.