Strategic Advocates LLC Invests $225,000 in Micron Technology, Inc. $MU

Key Points

• Strategic Advocates LLC has invested $225,000 in Micron Technology, Inc., purchasing 1,826 shares during the second quarter.
• Institutional investors now own 80.84% of Micron Technology's stock, with several large investors increasing their positions significantly.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Micron, with price targets ranging from $150.00 to $175.00.

Strategic Advocates LLC bought a new position in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,826 shares of the semiconductor manufacturer's stock, valued at approximately $225,000.

Several other large investors have also recently made changes to their positions in MU. Brighton Jones LLC increased its holdings in shares of Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after purchasing an additional 976 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of 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 purchasing an additional 13,985 shares during the last quarter. State of Wyoming increased its holdings in shares of Micron Technology by 2,336.1% in the fourth quarter. State of Wyoming now owns 3,581 shares of the semiconductor manufacturer's stock worth $301,000 after purchasing an additional 3,434 shares during the last quarter. Triglav Skladi D.O.O. bought a new stake in shares of Micron Technology in the fourth quarter worth about $11,556,000. Finally, Sphera Management Technology Funds Ltd bought a new stake in shares of Micron Technology in the fourth quarter worth about $2,104,000. 80.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MU. Citigroup boosted their price objective on Micron Technology from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, September 11th. Needham & Company LLC reissued a "buy" rating and set a $150.00 price objective on shares of Micron Technology in a research note on Monday, August 11th. Piper Sandler boosted their price objective on Micron Technology from $120.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Zacks Research raised Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. Finally, Arete Research raised Micron Technology to a "strong-buy" rating in a research note on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $155.16.

Micron Technology Stock Performance

Shares of MU opened at $157.77 on Tuesday. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $160.34. The stock has a fifty day moving average price of $120.69 and a 200-day moving average price of $103.78. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. The firm has a market cap of $176.56 billion, a PE ratio of 28.43 and a beta of 1.47.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $8.83 billion. During the same quarter in the prior year, the business posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities research analysts predict 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. Investors of record on Monday, July 7th were paid a $0.115 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.3%. Micron Technology's dividend payout ratio (DPR) is currently 8.29%.

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction dated 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 directly owned 148,167 shares of the company's stock, valued at approximately $18,538,655.04. This trade represents a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 92,638 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were 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 represents a 31.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 268,446 shares of company stock worth $33,055,075 in the last three months. 0.30% of the stock is owned by corporate insiders.

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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