SRN Advisors LLC Invests $685,000 in Micron Technology, Inc. $MU

Key Points

• SRN Advisors LLC recently invested $685,000 in Micron Technology by acquiring 7,887 shares of the semiconductor stock during the first quarter.
• Micron Technology reported $1.91 EPS for its latest quarter, exceeding analysts' expectations of $1.57 EPS, and forecasts a Q4 2025 EPS between 2.350 and 2.650.
• The semiconductor manufacturer declared a quarterly dividend of $0.115 per share, contributing to an annualized yield of 0.4% with a payout ratio of 8.29%.

SRN Advisors LLC acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 7,887 shares of the semiconductor manufacturer's stock, valued at approximately $685,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Duquesne Family Office LLC purchased a new stake in Micron Technology in the 4th quarter valued at $34,412,000. Janus Henderson Group PLC raised its position in Micron Technology by 74.6% in the 4th quarter. Janus Henderson Group PLC now owns 2,646,936 shares of the semiconductor manufacturer's stock valued at $222,779,000 after purchasing an additional 1,130,680 shares during the last quarter. Mission Wealth Management LP raised its position in Micron Technology by 195.2% in the 1st quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer's stock valued at $1,360,000 after purchasing an additional 10,348 shares during the last quarter. Centre Asset Management LLC purchased a new stake in Micron Technology in the 1st quarter valued at $7,720,000. Finally, ProShare Advisors LLC raised its position in Micron Technology by 16.9% in 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 last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Buying and Selling at Micron Technology

In other news, EVP Scott J. Deboer sold 20,000 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the transaction, the executive vice president directly owned 186,353 shares of the company's stock, valued at $20,498,830. This represents a 9.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Manish H. Bhatia sold 80,000 shares of the company's stock in a transaction on 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 transaction, the executive vice president directly owned 275,067 shares in the company, valued at approximately $33,877,251.72. This trade represents a 22.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 286,042 shares of company stock worth $34,679,277. Company insiders own 0.30% of the company's stock.

Micron Technology Stock Performance

NASDAQ:MU opened at $119.01 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $129.85. The stock has a market cap of $133.19 billion, a PE ratio of 21.44 and a beta of 1.37. The firm's fifty day simple moving average is $118.17 and its 200-day simple moving average is $100.88.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The business had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $8.83 billion. During the same period in the prior year, the company posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wedbush upped their price target on shares of Micron Technology from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Thursday, June 26th. The Goldman Sachs Group started coverage on shares of Micron Technology in a research report on Thursday, July 10th. They issued a "neutral" rating and a $130.00 price target for the company. Wall Street Zen raised shares of Micron Technology from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Susquehanna boosted their price objective on shares of Micron Technology from $150.00 to $160.00 and gave the company a "positive" rating in a research note on Thursday, June 26th. Finally, Wells Fargo & Company boosted their price objective on shares of Micron Technology from $150.00 to $170.00 and gave the company an "overweight" 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, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Micron Technology currently has an average rating of "Moderate Buy" and an average target price of $147.54.

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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