Trust Point Inc. Takes $255,000 Position in Micron Technology, Inc. $MU

Key Points

• Trust Point Inc. acquired 2,072 shares of Micron Technology, Inc. valued at approximately $255,000 during the 2nd quarter.
• Several institutional investors increased their stakes in Micron Technology, which now has 80.84% institutional ownership.
• Micron recently reported earnings of $1.91 per share, surpassing estimates, with Q4 2025 guidance set between $2.350 and $2.650 EPS.

Trust Point Inc. purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,072 shares of the semiconductor manufacturer's stock, valued at approximately $255,000.

A number of other large investors also recently modified their holdings of MU. Sunbeam Capital Management LLC bought a new position in Micron Technology during the fourth quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new stake in Micron Technology during the 1st quarter worth about $33,000. Roxbury Financial LLC boosted its position in Micron Technology by 306.1% during the 1st quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock worth $37,000 after acquiring an additional 300 shares during the period. AllSquare Wealth Management LLC boosted its position in Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock worth $35,000 after acquiring an additional 200 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Micron Technology during the 1st quarter worth about $36,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP Manish H. Bhatia sold 80,000 shares of Micron Technology stock in a transaction dated 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 of the company's stock, valued at approximately $33,877,251.72. The trade was a 22.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Pat Mccarthy sold 2,404 shares of Micron Technology stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total value of $278,070.68. Following the completion of the transaction, the director directly owned 20,146 shares of the company's stock, valued at approximately $2,330,287.82. This trade represents a 10.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 255,946 shares of company stock worth $32,306,159. Insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MU. TD Cowen raised their price objective on Micron Technology from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Friday. Zacks Research raised Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Rosenblatt Securities reissued a "buy" rating and set a $200.00 price objective on shares of Micron Technology in a report on Thursday, September 18th. UBS Group boosted their price target on Micron Technology from $155.00 to $185.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Finally, Cantor Fitzgerald boosted their price target on Micron Technology from $155.00 to $185.00 and gave the company an "overweight" rating in a research note on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $165.54.

Micron Technology Stock Up 1.4%

Shares of MU stock traded up $2.28 on Tuesday, hitting $166.90. 17,944,282 shares of the stock were exchanged, compared to its average volume of 22,793,113. The business has a 50-day moving average of $124.74 and a 200 day moving average of $106.27. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $170.45. 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 capitalization of $186.78 billion, a P/E ratio of 30.02 and a beta of 1.47.

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 the consensus estimate of $1.57 by $0.34. The firm 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 quarter in the prior year, the company earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

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.