Talon Private Wealth LLC Buys 24,959 Shares of Micron Technology, Inc. $MU

Key Points

• Talon Private Wealth LLC significantly increased its holdings in Micron Technology by 4,318.2% in Q1, owning 25,537 shares worth approximately $2.24 million.
• Micron Technology reported strong earnings, with $1.91 earnings per share in its latest quarter, surpassing estimates and achieving $9.30 billion in revenue.
• In recent trading, shares of Micron Technology opened at $131.37, and the stock has shown a 52-week high of $131.41 and a low of $61.54.

Talon Private Wealth LLC boosted its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 4,318.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,537 shares of the semiconductor manufacturer's stock after purchasing an additional 24,959 shares during the quarter. Talon Private Wealth LLC's holdings in Micron Technology were worth $2,235,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC raised its position in shares of Micron Technology by 74.6% in the fourth 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 period. Mission Wealth Management LP raised its position in shares of Micron Technology by 195.2% in the first 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 period. Centre Asset Management LLC bought a new position in shares of Micron Technology in the first quarter valued at approximately $7,720,000. ProShare Advisors LLC raised its position in shares of Micron Technology by 16.9% in the fourth 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 period. Finally, Czech National Bank increased its position in Micron Technology by 6.4% in the 1st quarter. Czech National Bank now owns 255,908 shares of the semiconductor manufacturer's stock worth $22,236,000 after buying an additional 15,485 shares during the period. Institutional investors own 80.84% of the company's stock.

Insider Buying and Selling at Micron Technology

In other news, EVP Sumit Sadana sold 92,638 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president directly owned 201,326 shares in the company, valued at approximately $25,264,399.74. The trade was a 31.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the company's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total value of $3,716,880.00. Following the completion of the sale, the chief financial officer owned 264,036 shares in the company, valued at $28,864,415.52. This trade represents a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 260,946 shares of company stock valued at $31,927,244 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MU has been the topic of several recent analyst reports. KGI Securities downgraded Micron Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Cantor Fitzgerald lifted their price target on Micron Technology from $145.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Wells Fargo & Company lifted their price target on Micron Technology from $150.00 to $170.00 and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Piper Sandler lifted their price target on Micron Technology from $120.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Finally, KeyCorp lifted their price target on Micron Technology from $135.00 to $160.00 and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Two 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 given a Sell rating to the stock. According to data from MarketBeat.com, Micron Technology presently has a consensus rating of "Moderate Buy" and an average price target of $147.54.

Micron Technology Stock Performance

Shares of MU traded up $0.09 on Monday, reaching $131.46. 19,464,477 shares of the stock traded hands, compared to its average volume of 16,799,084. The firm has a market cap of $147.12 billion, a price-to-earnings ratio of 23.69 and a beta of 1.47. 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, Inc. has a 12 month low of $61.54 and a 12 month high of $132.26. The stock's 50-day moving average price is $118.01 and its 200-day moving average price is $101.90.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.34. The business 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 previous year, the business posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were given a dividend of $0.115 per share. The ex-dividend date was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.3%. Micron Technology's payout ratio is currently 8.29%.

About Micron Technology

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.