Steward Partners Investment Advisory LLC Buys 33,275 Shares of Micron Technology, Inc. $MU

Key Points

• Steward Partners Investment Advisory LLC significantly increased its stake in Micron Technology, purchasing an additional 33,275 shares, resulting in a total of 51,583 shares valued at approximately $4.48 million.
• Micron Technology's latest quarterly earnings exceeded analysts’ expectations, posting $1.91 EPS and revenue of $9.30 billion, compared to estimates of $1.57 EPS and $8.83 billion revenue, respectively.
• The company has affirmed its Q4 2025 earnings guidance at $2.350-2.650 EPS, and analysts project an average of 6.08 EPS for the current fiscal year.

Steward Partners Investment Advisory LLC lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 181.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,583 shares of the semiconductor manufacturer's stock after purchasing an additional 33,275 shares during the period. Steward Partners Investment Advisory LLC's holdings in Micron Technology were worth $4,482,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MU. Brighton Jones LLC increased its holdings in Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after acquiring an additional 976 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in Micron Technology by 19.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 85,722 shares of the semiconductor manufacturer's stock worth $7,214,000 after buying an additional 13,985 shares in the last quarter. Jump Financial LLC boosted its stake in Micron Technology by 43.3% in the fourth quarter. Jump Financial LLC now owns 5,975 shares of the semiconductor manufacturer's stock worth $503,000 after buying an additional 1,804 shares in the last quarter. Transce3nd LLC purchased a new stake in Micron Technology in the fourth quarter worth approximately $42,000. Finally, TD Waterhouse Canada Inc. boosted its stake in Micron Technology by 5.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 22,139 shares of the semiconductor manufacturer's stock worth $1,863,000 after buying an additional 1,152 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Activity

In other news, EVP Sumit Sadana sold 92,638 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the completion of the transaction, the executive vice president directly owned 201,326 shares in the company, valued at $25,264,399.74. This trade represents a 31.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $125.12, for a total value of $1,876,800.00. Following the transaction, the executive vice president owned 148,167 shares of the company's stock, valued at $18,538,655.04. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 286,042 shares of company stock valued at $34,679,277. 0.30% of the stock is currently owned by insiders.

Micron Technology Stock Up 1.6%

MU stock traded up $1.89 during midday trading on Friday, hitting $117.68. The stock had a trading volume of 16,990,488 shares, compared to its average volume of 19,126,924. The firm has a market cap of $131.70 billion, a price-to-earnings ratio of 21.20 and a beta of 1.37. The business has a 50-day moving average of $118.48 and a two-hundred day moving average of $100.04. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week 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.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly 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 company had revenue of $9.30 billion for 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 period in the prior year, the firm earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, equities research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Robert W. Baird upped their target price on Micron Technology from $163.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, June 27th. Erste Group Bank assumed coverage on Micron Technology in a report on Thursday, August 14th. They set a "buy" rating for the company. Cantor Fitzgerald upped their target price on Micron Technology from $145.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. Rosenblatt Securities restated a "buy" rating and set a $200.00 target price on shares of Micron Technology in a report on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Micron Technology in a report on Thursday, July 10th. They set a "buy" rating and a $150.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.