United Asset Strategies Inc. Raises Holdings in Micron Technology, Inc. $MU

Key Points

• United Asset Strategies Inc. significantly increased its holdings in Micron Technology, growing by 1,252.9% during the 1st quarter, now owning 105,268 shares worth approximately $9.15 million.
• Other institutional investors like Price T Rowe Associates and GAMMA Investing LLC also made substantial investments in Micron, reflecting increased institutional interest in the semiconductor manufacturer.
• Micron recently reported $1.91 earnings per share for the quarter, exceeding estimates and expecting to post 6.08 EPS for the current year, alongside a quarterly dividend announcement with a yield of 0.4%.

United Asset Strategies Inc. grew its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 1,252.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,268 shares of the semiconductor manufacturer's stock after buying an additional 97,487 shares during the quarter. United Asset Strategies Inc.'s holdings in Micron Technology were worth $9,147,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Micron Technology by 198.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,545,882 shares of the semiconductor manufacturer's stock worth $550,903,000 after purchasing an additional 4,352,225 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Micron Technology during the 1st quarter valued at approximately $369,191,000. Vanguard Group Inc. lifted its position in shares of Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock valued at $8,854,644,000 after acquiring an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock worth $922,467,000 after acquiring an additional 2,038,641 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Micron Technology by 10,369.6% in the 1st quarter. GAMMA Investing LLC now owns 1,873,435 shares of the semiconductor manufacturer's stock worth $162,783,000 after acquiring an additional 1,855,541 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Activity

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 transaction of $876,050.00. Following the completion of the sale, the director owned 22,762 shares in the company, valued at approximately $2,848,664.30. The trade was a 23.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Manish H. Bhatia sold 80,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the completion of the transaction, the executive vice president owned 275,067 shares in the company, valued at $33,877,251.72. The trade was a 22.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 286,042 shares of company stock valued at $34,679,277 in the last 90 days. 0.30% of the stock is owned by corporate insiders.

Micron Technology Price Performance

MU stock opened at $117.21 on Thursday. The stock has a market capitalization of $131.17 billion, a price-to-earnings ratio of 21.12 and a beta of 1.37. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $129.85. The stock's fifty day simple moving average is $118.45 and its 200-day simple moving average is $99.68.

Micron Technology (NASDAQ:MU - Get Free Report) last released its 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. 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 for the quarter, compared to the consensus estimate of $8.83 billion. During the same period in the prior year, the business posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Citigroup boosted their target price on Micron Technology from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Wells Fargo & Company boosted their price objective on shares of Micron Technology from $150.00 to $170.00 and gave the stock an "overweight" rating in a research report on Thursday, June 26th. The Goldman Sachs Group started coverage on shares of Micron Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $130.00 target price for the company. Stifel Nicolaus lifted their target price on shares of Micron Technology from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Finally, KeyCorp increased their price target on shares of Micron Technology from $135.00 to $160.00 and gave the company an "overweight" rating in a research report on Thursday, June 26th. Two investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.24.

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.

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