Sapient Capital LLC Purchases 1,734 Shares of Micron Technology, Inc. $MU

Key Points

• Sapient Capital LLC increased its stake in Micron Technology by 39.3%, acquiring an additional 1,734 shares, bringing its total holdings to 6,143 shares valued at approximately $757,000.
• Micron Technology reported $1.91 earnings per share for the last quarter, exceeding analyst estimates of $1.57, with revenues of $9.30 billion compared to the expected $8.83 billion.
• The company also announced a quarterly dividend of $0.115 per share, providing an annualized yield of 0.3% with a payout ratio of 8.29%.

Sapient Capital LLC grew its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 39.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,143 shares of the semiconductor manufacturer's stock after purchasing an additional 1,734 shares during the period. Sapient Capital LLC's holdings in Micron Technology were worth $757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of MU. HMS Capital Management LLC increased its stake in Micron Technology by 0.6% in the second quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer's stock valued at $2,375,000 after acquiring an additional 107 shares during the last quarter. D.B. Root & Company LLC increased its stake in Micron Technology by 3.7% in the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer's stock valued at $262,000 after acquiring an additional 108 shares during the last quarter. Werlinich Asset Management LLC increased its stake in Micron Technology by 1.1% in the second quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer's stock valued at $1,317,000 after acquiring an additional 115 shares during the last quarter. Rise Advisors LLC increased its stake in Micron Technology by 5.3% in the first quarter. Rise Advisors LLC now owns 2,373 shares of the semiconductor manufacturer's stock valued at $206,000 after acquiring an additional 120 shares during the last quarter. Finally, Orca Wealth Management LLC increased its stake in Micron Technology by 1.5% in the first quarter. Orca Wealth Management LLC now owns 8,485 shares of the semiconductor manufacturer's stock valued at $737,000 after acquiring an additional 129 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $159.99 on Thursday. The firm has a market cap of $179.05 billion, a PE ratio of 28.83 and a beta of 1.47. The firm's fifty day moving average is $122.14 and its 200-day moving average is $104.54. 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 $160.59.

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 the consensus estimate of $1.57 by $0.34. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.83 billion. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. 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. Sell-side analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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. The ex-dividend date was Monday, July 7th. This represents a $0.46 annualized dividend and a yield of 0.3%. Micron Technology's payout ratio is presently 8.29%.

Analyst Ratings Changes

A number of research analysts recently issued reports on MU shares. TD Cowen lifted their price objective on shares of Micron Technology from $125.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Robert W. Baird boosted their target price on shares of Micron Technology from $163.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, June 27th. Stifel Nicolaus boosted their target price on shares of Micron Technology from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Needham & Company LLC reaffirmed a "buy" rating and set a $150.00 target price on shares of Micron Technology in a research note on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Micron Technology from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and an average target price of $159.65.

Insiders Place Their Bets

In other news, EVP April S. Arnzen sold 15,000 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were 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 in the company, valued at approximately $18,538,655.04. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Manish H. Bhatia sold 80,000 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the transaction, the executive vice president owned 275,067 shares in the company, valued at $33,877,251.72. This represents a 22.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 275,946 shares of company stock valued at $34,242,567 over the last quarter. Company insiders own 0.30% of the company's stock.

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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