RWA Wealth Partners LLC Lowers Holdings in Micron Technology, Inc. $MU

Key Points

• RWA Wealth Partners LLC significantly reduced its stake in Micron Technology, Inc. by 92.8%, now owning only 4,785 shares after selling 61,245 shares during the first quarter.
• Recent quarterly earnings showed Micron Technology reporting $1.91 EPS, surpassing estimates of $1.57, with revenues reaching $9.30 billion compared to expectations of $8.83 billion.
• The company announced a quarterly dividend of $0.115 per share, translating to an annual yield of 0.4%, reflecting a modest dividend payout ratio of 8.29%.

RWA Wealth Partners LLC lowered its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 92.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,785 shares of the semiconductor manufacturer's stock after selling 61,245 shares during the quarter. RWA Wealth Partners LLC's holdings in Micron Technology were worth $416,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Duquesne Family Office LLC bought a new position in shares of Micron Technology in the fourth quarter worth about $34,412,000. Janus Henderson Group PLC raised its stake in shares of Micron Technology by 74.6% in the fourth quarter. Janus Henderson Group PLC now owns 2,646,936 shares of the semiconductor manufacturer's stock worth $222,779,000 after buying an additional 1,130,680 shares during the period. Mission Wealth Management LP raised its stake in shares of Micron Technology by 195.2% in the first quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer's stock worth $1,360,000 after buying an additional 10,348 shares during the period. Centre Asset Management LLC bought a new stake in Micron Technology during the 1st quarter valued at approximately $7,720,000. Finally, ProShare Advisors LLC raised its stake in Micron Technology by 16.9% during the 4th quarter. ProShare Advisors LLC now owns 1,650,957 shares of the semiconductor manufacturer's stock valued at $138,945,000 after purchasing an additional 238,687 shares during the period. Institutional investors own 80.84% of the company's stock.

Insider Activity

In other news, EVP April S. Arnzen sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $125.12, for a total transaction of $1,876,800.00. Following the transaction, the executive vice president owned 148,167 shares of the company's stock, valued at approximately $18,538,655.04. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Manish H. Bhatia sold 80,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $123.16, for a total value of $9,852,800.00. Following the transaction, the executive vice president directly owned 275,067 shares in the company, valued at approximately $33,877,251.72. This represents a 22.53% 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 worth $34,679,277. Company insiders own 0.30% of the company's stock.

Micron Technology Price Performance

NASDAQ:MU traded up $1.89 during trading hours on Friday, reaching $117.68. The stock had a trading volume of 16,990,488 shares, compared to its average volume of 19,126,924. 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 52 week low of $61.54 and a 52 week high of $129.85. The company has a 50 day moving average price of $118.48 and a two-hundred day moving average price of $100.04. The stock has a market capitalization of $131.70 billion, a PE ratio of 21.20 and a beta of 1.37.

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 for the quarter, beating the consensus estimate of $1.57 by $0.34. The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate 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 in the previous year, the company posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MU shares. KGI Securities downgraded Micron Technology from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their target price on Micron Technology from $165.00 to $185.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. TD Cowen lifted their target price on Micron Technology from $125.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. The Goldman Sachs Group started coverage on Micron Technology in a research note on Thursday, July 10th. They set a "neutral" rating and a $130.00 target price on the stock. Finally, Wall Street Zen raised Micron Technology from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Micron Technology has a consensus rating of "Moderate Buy" and a consensus price target of $147.24.

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.