Smartleaf Asset Management LLC Has $1.42 Million Stake in Micron Technology, Inc. $MU

Key Points

• Smartleaf Asset Management LLC increased its holdings in Micron Technology by 22.6%, acquiring an additional 2,955 shares in Q1, bringing its total to 16,006 shares worth approximately $1.4 million.
• Micron Technology reported better-than-expected quarterly earnings, with $1.91 earnings per share on revenue of $9.30 billion, surpassing analysts' expectations.
• The company declared a quarterly dividend of $0.115 per share, reflecting a low payout ratio of 8.29%, indicating solid profitability.

Smartleaf Asset Management LLC increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 22.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,006 shares of the semiconductor manufacturer's stock after acquiring an additional 2,955 shares during the quarter. Smartleaf Asset Management LLC's holdings in Micron Technology were worth $1,416,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MU. Sunbeam Capital Management LLC acquired a new stake in Micron Technology during the 4th quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new stake in Micron Technology during the 1st quarter valued at $33,000. AllSquare Wealth Management LLC lifted its holdings in Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock valued at $35,000 after purchasing an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Micron Technology during the 1st quarter valued at $36,000. Finally, Roxbury Financial LLC lifted its holdings in Micron Technology by 306.1% during the 1st quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock valued at $37,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 80.84% of the company's stock.

Insider Buying and Selling

In other news, EVP Sumit Sadana sold 92,638 shares of Micron Technology 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 transaction, the executive vice president owned 201,326 shares in the company, valued at approximately $25,264,399.74. This trade represents a 31.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Scott J. Deboer sold 20,000 shares of Micron Technology stock in a transaction on Friday, June 6th. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the executive vice president owned 186,353 shares in the company, valued at approximately $20,498,830. The trade was a 9.69% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 286,042 shares of company stock worth $34,679,277. 0.30% of the stock is owned by company insiders.

Micron Technology Price Performance

Micron Technology stock traded up $0.08 during mid-day trading on Tuesday, reaching $116.50. 12,545,407 shares of the company were exchanged, compared to its average volume of 22,754,754. The company has a fifty day simple moving average of $118.42 and a 200-day simple moving average of $100.30. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $129.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. The firm has a market cap of $130.38 billion, a PE ratio of 20.99 and a beta of 1.37.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 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 firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.83 billion. During the same quarter last year, the company earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, equities research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were paid a $0.115 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.46 annualized dividend and a dividend yield of 0.4%. Micron Technology's dividend payout ratio (DPR) is presently 8.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $150.00 price target on shares of Micron Technology in a report on Monday, August 11th. Zacks Research raised Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Bank of America lifted their price target on Micron Technology from $84.00 to $140.00 and gave the stock a "neutral" rating in a report on Thursday, June 26th. Morgan Stanley lifted their price target on Micron Technology from $98.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Finally, Piper Sandler lifted their price target on Micron Technology from $120.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $147.24.

Micron Technology 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.