Rise Advisors LLC Purchases 1,794 Shares of Micron Technology, Inc. $MU

Key Points

• Rise Advisors LLC increased its stake in Micron Technology by 75.6% after acquiring an additional 1,794 shares, bringing its total holdings to 4,167 shares worth $514,000.
• Micron Technology's earnings report showed $1.91 EPS, exceeding expectations and a revenue of $9.30 billion for the quarter.
• Insiders sold 273,656 shares worth approximately $33.69 million over the last quarter, decreasing their overall ownership in the company.

Rise Advisors LLC boosted its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 75.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,167 shares of the semiconductor manufacturer's stock after acquiring an additional 1,794 shares during the period. Rise Advisors LLC's holdings in Micron Technology were worth $514,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sunbeam Capital Management LLC bought a new stake in Micron Technology in the fourth quarter valued at approximately $26,000. Opal Wealth Advisors LLC bought a new stake in Micron Technology in the first quarter valued at approximately $33,000. AllSquare Wealth Management LLC boosted its holdings in Micron Technology by 100.0% in the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock valued at $35,000 after acquiring an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in Micron Technology in the first quarter valued at approximately $36,000. Finally, Roxbury Financial LLC boosted its holdings in Micron Technology by 306.1% in the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock valued at $37,000 after acquiring an additional 300 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Mark J. Murphy sold 34,000 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total value of $3,716,880.00. Following the transaction, the chief financial officer directly owned 264,036 shares in the company, valued at $28,864,415.52. This trade represents a 11.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sumit Sadana sold 92,638 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $125.49, for a total value of $11,625,142.62. Following the completion of the transaction, the executive vice president owned 201,326 shares in the company, valued at approximately $25,264,399.74. This represents a 31.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 273,656 shares of company stock worth $33,687,309 over the last quarter. Corporate insiders own 0.30% of the company's stock.

Micron Technology Price Performance

Shares of MU opened at $157.23 on Monday. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $158.28. 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 business's 50 day moving average price is $119.94 and its two-hundred day moving average price is $103.33. The firm has a market cap of $175.96 billion, a PE ratio of 28.33 and a beta of 1.47.

Micron Technology (NASDAQ:MU - Get Free Report) last issued 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 return on equity of 13.60% and a net margin of 18.41%.The company had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $8.83 billion. During the same period last year, the business earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Analyst Upgrades and Downgrades

MU has been the topic of several analyst reports. Mizuho upped their target price on Micron Technology from $124.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Wells Fargo & Company upped their target price on Micron Technology from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. Barclays upped their target price on Micron Technology from $95.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. UBS Group boosted their price target on Micron Technology from $120.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Finally, TD Cowen boosted their price target on Micron Technology from $125.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $151.76.

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.

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