Stony Point Capital LLC Has $8.28 Million Stock Position in Micron Technology, Inc. $MU

Key Points

• Stony Point Capital LLC increased its stake in Micron Technology, Inc. by 116.8% in the first quarter, holding 95,299 shares worth approximately $8.28 million at the end of the reporting period.
• Several institutional investors, including Nuveen LLC and Goldman Sachs Group Inc., significantly increased their stakes in Micron Technology during the same period, indicating strong institutional interest in the company.
• Micron Technology reported $1.91 EPS for its latest quarter, surpassing estimates, and has guidance for Q4 2025 set at 2.350-2.650 EPS.

Stony Point Capital LLC grew its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 116.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 95,299 shares of the semiconductor manufacturer's stock after buying an additional 51,341 shares during the period. Stony Point Capital LLC's holdings in Micron Technology were worth $8,281,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MU. Nuveen LLC acquired a new stake in shares of Micron Technology during the first quarter worth $369,191,000. Vanguard Group Inc. grew its stake in shares of Micron Technology by 2.1% during the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock worth $8,854,644,000 after purchasing an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Micron Technology by 23.8% during the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock worth $922,467,000 after purchasing an additional 2,038,641 shares during the period. GAMMA Investing LLC grew its stake in shares of Micron Technology by 10,369.6% during the first quarter. GAMMA Investing LLC now owns 1,873,435 shares of the semiconductor manufacturer's stock worth $162,783,000 after purchasing an additional 1,855,541 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Micron Technology by 26.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock worth $590,807,000 after purchasing an additional 1,416,174 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Steven J. Gomo sold 7,000 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $125.15, for a total value of $876,050.00. Following the sale, the director directly owned 22,762 shares in the company, valued at $2,848,664.30. The trade was a 23.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Manish H. Bhatia sold 80,000 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $123.16, for a total value of $9,852,800.00. Following the completion of the sale, the executive vice president 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 quarter, insiders sold 286,042 shares of company stock valued at $34,679,277. Corporate insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MU. UBS Group lifted their price objective on Micron Technology from $120.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Wall Street Zen raised Micron Technology from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Cantor Fitzgerald lifted their price objective on Micron Technology from $145.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. 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 on the stock. Finally, Susquehanna lifted their target price on Micron Technology from $150.00 to $160.00 and gave the stock a "positive" rating in a report on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $147.54.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $122.00 on Friday. The firm has a market cap of $136.53 billion, a price-to-earnings ratio of 21.98 and a beta of 1.37. The stock's 50-day moving average is $118.26 and its 200-day moving average is $100.71. Micron Technology, Inc. has a one year low of $61.54 and a one year 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 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.34. The company had revenue of $9.30 billion for the quarter, compared to analyst estimates 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 previous year, the company posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities analysts predict 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. Stockholders of record on Monday, July 7th were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, July 7th. Micron Technology's payout ratio is 8.29%.

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.

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