Ransom Advisory Ltd Acquires Shares of 3,550 Micron Technology, Inc. $MU

Key Points

• Ransom Advisory Ltd has acquired a new stake in Micron Technology, Inc., purchasing 3,550 shares valued at approximately $308,000 in the first quarter of the year.
• Micron reported strong earnings, with $1.91 EPS for the quarter, surpassing analysts' expectations of $1.57, and revenue of $9.30 billion compared to a forecast of $8.83 billion.
• The company recently announced a quarterly dividend of $0.115 per share, reflecting a 0.3% yield and underscoring its financial stability.

Ransom Advisory Ltd bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,550 shares of the semiconductor manufacturer's stock, valued at approximately $308,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. D.B. Root & Company LLC grew its position in Micron Technology by 3.7% during the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer's stock valued at $262,000 after purchasing an additional 108 shares in the last quarter. Rise Advisors LLC grew its position in Micron Technology by 5.3% during the first quarter. Rise Advisors LLC now owns 2,373 shares of the semiconductor manufacturer's stock valued at $206,000 after purchasing an additional 120 shares in the last quarter. Orca Wealth Management LLC grew its position in Micron Technology by 1.5% during the first quarter. Orca Wealth Management LLC now owns 8,485 shares of the semiconductor manufacturer's stock valued at $737,000 after purchasing an additional 129 shares in the last quarter. Sunpointe LLC grew its position in Micron Technology by 4.0% during the first quarter. Sunpointe LLC now owns 3,443 shares of the semiconductor manufacturer's stock valued at $300,000 after purchasing an additional 131 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its position in Micron Technology by 2.1% during the first quarter. Foundations Investment Advisors LLC now owns 6,561 shares of the semiconductor manufacturer's stock valued at $570,000 after purchasing an additional 138 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Micron Technology Stock Performance

MU traded up $10.57 during midday trading on Thursday, reaching $150.57. The company's stock had a trading volume of 52,376,371 shares, compared to its average volume of 16,123,795. The stock has a market cap of $168.51 billion, a P/E ratio of 27.13 and a beta of 1.47. The company has a fifty day simple moving average of $119.23 and a 200 day simple moving average of $102.77. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $156.26.

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, beating analysts' consensus estimates of $1.57 by $0.34. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.During the same quarter last year, the firm posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were issued a $0.115 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.3%. Micron Technology's dividend payout ratio (DPR) is 8.29%.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP Manish H. Bhatia sold 80,000 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $33,877,251.72. This trade represents a 22.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mark J. Murphy sold 34,000 shares of the company's 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 transaction, the chief financial officer directly 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. Over the last three months, insiders have sold 268,446 shares of company stock worth $32,908,469. Insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Mizuho boosted their price objective on shares of Micron Technology from $124.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. TD Cowen increased their price objective on Micron Technology from $125.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Wells Fargo & Company increased their price objective on Micron Technology from $150.00 to $170.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Barclays increased their price objective on Micron Technology from $95.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, Cantor Fitzgerald increased their price objective on Micron Technology from $145.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $148.50.

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.