SageView Advisory Group LLC Boosts Holdings in Micron Technology, Inc. $MU

Key Points

• SageView Advisory Group LLC increased its holdings in Micron Technology by 52.5%, now owning a total of 6,572 shares worth approximately $571,000.
• A number of large investors, including Nuveen LLC and Vanguard Group Inc., have also significantly increased their stakes in Micron Technology during the first quarter.
• Micron Technology recently reported an EPS of $1.91 for the quarter, beating estimates and reflecting strong performance with revenues of $9.30 billion.

SageView Advisory Group LLC boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 52.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,572 shares of the semiconductor manufacturer's stock after purchasing an additional 2,263 shares during the period. SageView Advisory Group LLC's holdings in Micron Technology were worth $571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mission Wealth Management LP boosted 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 last quarter. Centre Asset Management LLC acquired a new position in Micron Technology in the first quarter valued at approximately $7,720,000. ProShare Advisors LLC grew its stake in shares of Micron Technology by 16.9% during the 4th quarter. ProShare Advisors LLC now owns 1,650,957 shares of the semiconductor manufacturer's stock worth $138,945,000 after purchasing an additional 238,687 shares during the period. Czech National Bank increased its holdings in shares of Micron Technology by 6.4% during the 1st quarter. Czech National Bank now owns 255,908 shares of the semiconductor manufacturer's stock valued at $22,236,000 after purchasing an additional 15,485 shares in the last quarter. Finally, TB Alternative Assets Ltd. lifted its stake in shares of Micron Technology by 331.3% in the 1st quarter. TB Alternative Assets Ltd. now owns 79,788 shares of the semiconductor manufacturer's stock valued at $6,933,000 after purchasing an additional 61,288 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Manish H. Bhatia sold 80,000 shares of Micron Technology stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the sale, the executive vice president owned 275,067 shares in the company, valued at approximately $33,877,251.72. The trade was a 22.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven J. Gomo sold 7,000 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $125.15, for a total value of $876,050.00. Following the completion of the sale, the director directly owned 22,762 shares of the company's stock, valued at $2,848,664.30. The trade was a 23.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,946 shares of company stock worth $33,962,819 over the last three months. Company insiders own 0.30% of the company's stock.

Micron Technology Stock Up 4.4%

Shares of MU traded up $6.66 during mid-day trading on Friday, reaching $157.23. The company's stock had a trading volume of 32,223,879 shares, compared to its average volume of 18,134,322. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $158.28. The stock has a market cap of $175.96 billion, a PE ratio of 28.33 and a beta of 1.47. The company's 50 day moving average is $119.94 and its 200 day moving average is $103.21.

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 for the quarter, topping the consensus estimate of $1.57 by $0.34. The firm had revenue of $9.30 billion during the quarter, compared to analysts' expectations 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 business earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were given 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 of this dividend was Monday, July 7th. Micron Technology's dividend payout ratio (DPR) is 8.29%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MU shares. JPMorgan Chase & Co. upped their price target on Micron Technology from $165.00 to $185.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. KeyCorp lifted their price target on shares of Micron Technology from $135.00 to $160.00 and gave the company an "overweight" rating in a research note on Thursday, June 26th. Morgan Stanley boosted their price target on shares of Micron Technology from $98.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Micron Technology in a report on Thursday, July 10th. They set a "buy" rating and a $150.00 price objective on the stock. Finally, TD Cowen boosted their target price on shares of Micron Technology from $125.00 to $150.00 and gave the stock 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 given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently 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.