Representative Julie Johnson (D-Texas) recently sold shares of Micron Technology, Inc. NASDAQ: MU. In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Micron Technology stock on April 7th. The trade occurred in the Representative's "MERRILL LYNCH LONG TERM GROWTH" account.
Representative Julie Johnson also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 4/30/2025.
- Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 4/22/2025.
- Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 4/22/2025.
- Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 4/15/2025.
- Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of 3M NYSE: MMM on 4/11/2025.
- Sold $1,001 - $15,000 in shares of DT Midstream NYSE: DTM on 4/7/2025.
- Sold $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 4/7/2025.
- Sold $1,001 - $15,000 in shares of Howmet Aerospace NYSE: HWM on 4/7/2025.
- Sold $1,001 - $15,000 in shares of Carlisle Companies NYSE: CSL on 4/7/2025.
Micron Technology Price Performance
Shares of NASDAQ MU traded down $0.77 during mid-day trading on Tuesday, hitting $97.88. 5,778,286 shares of the company's stock traded hands, compared to its average volume of 23,641,193. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.72 and a quick ratio of 1.75. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $157.54. The company's 50-day moving average is $83.19 and its two-hundred day moving average is $92.55. The company has a market capitalization of $109.38 billion, a P/E ratio of 28.21 and a beta of 1.21.
Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.13. The business had revenue of $8.05 billion during the quarter, compared to analyst estimates of $7.93 billion. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The company's revenue for the quarter was up 38.2% on a year-over-year basis. During the same period last year, the company earned $0.42 EPS. On average, equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.
Micron Technology Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.115 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.47%. Micron Technology's payout ratio is currently 11.03%.
Institutional Investors Weigh In On Micron Technology
Several large investors have recently bought and sold shares of MU. Sunbeam Capital Management LLC purchased a new stake in shares of Micron Technology in the fourth quarter valued at approximately $26,000. Beacon Capital Management LLC increased its holdings in shares of Micron Technology by 114.9% during the 4th quarter. Beacon Capital Management LLC now owns 374 shares of the semiconductor manufacturer's stock worth $31,000 after buying an additional 200 shares during the last quarter. Midwest Capital Advisors LLC purchased a new stake in shares of Micron Technology during the 4th quarter valued at approximately $33,000. Opal Wealth Advisors LLC acquired a new position in Micron Technology in the first quarter valued at approximately $33,000. Finally, Activest Wealth Management grew its position in Micron Technology by 583.3% in the fourth quarter. Activest Wealth Management now owns 410 shares of the semiconductor manufacturer's stock worth $34,000 after acquiring an additional 350 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
MU has been the topic of several recent analyst reports. Barclays reduced their target price on shares of Micron Technology from $115.00 to $95.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Wedbush reissued an "underperform" rating on shares of Micron Technology in a research note on Monday, April 28th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Micron Technology in a research report on Monday, April 28th. KGI Securities raised Micron Technology to a "strong-buy" rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. cut their target price on Micron Technology from $145.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $126.48.
View Our Latest Analysis on Micron Technology
Insiders Place Their Bets
In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the company's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $96.18, for a total transaction of $1,442,700.00. Following the transaction, the executive vice president now directly owns 164,769 shares in the company, valued at $15,847,482.42. This represents a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Pat Mccarthy sold 2,404 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $80.00, for a total value of $192,320.00. Following the transaction, the director now owns 24,954 shares of the company's stock, valued at approximately $1,996,320. This represents a 8.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,808 shares of company stock valued at $1,858,424 over the last quarter. 0.30% of the stock is owned by insiders.
About Representative Johnson
Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.
Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024.
Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.
About Micron Technology
(
Get Free Report)
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.
Further Reading
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