Senator John Boozman (R-Arkansas) recently sold shares of Micron Technology, Inc. NASDAQ: MU. In a filing disclosed on July 09th, the Senator disclosed that they had sold between $1,001 and $15,000 in Micron Technology stock on June 11th.
Senator John Boozman also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of Invesco Short Term Treasury ETF NYSEARCA: TBLL on 6/11/2025.
- Sold $1,001 - $15,000 in shares of Fortune Brands Innovations NYSE: FBIN on 5/30/2025.
- Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 5/30/2025.
- Purchased $1,001 - $15,000 in shares of RTX NYSE: RTX on 5/30/2025.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 5/20/2025.
- Sold $1,001 - $15,000 in shares of NRG Energy NYSE: NRG on 5/20/2025.
- Sold $1,001 - $15,000 in shares of General Dynamics NYSE: GD on 5/20/2025.
- Sold $1,001 - $15,000 in shares of DTE Energy NYSE: DTE on 5/20/2025.
Micron Technology Trading Up 1.0%
NASDAQ:MU traded up $1.13 during trading hours on Friday, hitting $114.39. The stock had a trading volume of 19,315,466 shares, compared to its average volume of 23,336,961. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $129.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. The company has a market cap of $128.02 billion, a price-to-earnings ratio of 20.61 and a beta of 1.35. The business's 50 day moving average is $111.39 and its 200-day moving average is $97.01.
Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.34. The firm had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. During the same quarter last year, the company posted $0.62 earnings per share. Sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.
Micron Technology Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Monday, July 7th will be issued a $0.115 dividend. The ex-dividend date is Monday, July 7th. This represents a $0.46 annualized dividend and a yield of 0.40%. Micron Technology's dividend payout ratio is currently 8.29%.
Institutional Trading of Micron Technology
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC raised its position in Micron Technology by 43.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 14,178 shares of the semiconductor manufacturer's stock valued at $1,193,000 after purchasing an additional 4,264 shares during the period. Landscape Capital Management L.L.C. raised its holdings in Micron Technology by 167.0% during the fourth quarter. Landscape Capital Management L.L.C. now owns 45,758 shares of the semiconductor manufacturer's stock worth $3,851,000 after purchasing an additional 28,621 shares in the last quarter. Duquesne Family Office LLC bought a new position in shares of Micron Technology in the fourth quarter valued at $34,412,000. Janus Henderson Group PLC grew its holdings in shares of Micron Technology by 74.6% during the 4th quarter. Janus Henderson Group PLC now owns 2,646,936 shares of the semiconductor manufacturer's stock valued at $222,779,000 after acquiring an additional 1,130,680 shares in the last quarter. Finally, Mission Wealth Management LP boosted its holdings in Micron Technology by 195.2% in the first quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer's stock worth $1,360,000 after purchasing an additional 10,348 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Stifel Nicolaus upped their price objective on shares of Micron Technology from $130.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, June 26th. China Renaissance cut shares of Micron Technology from a "buy" rating to a "hold" rating and set a $84.00 price target on the stock. in a research report on Wednesday, March 26th. Rosenblatt Securities boosted their target price on Micron Technology from $172.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Piper Sandler lifted their price target on shares of Micron Technology from $120.00 to $165.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Micron Technology in a research report on Thursday, July 10th. They set a "buy" rating and a $150.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $146.44.
Read Our Latest Report on Micron Technology
Insider Buying and Selling at Micron Technology
In other news, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $125.15, for a total transaction of $876,050.00. Following the sale, the director directly owned 22,762 shares of the company's stock, valued at $2,848,664.30. This represents a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott J. Deboer sold 20,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the sale, the executive vice president owned 186,353 shares in the company, valued at approximately $20,498,830. This trade represents a 9.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 254,446 shares of company stock valued at $31,154,717 in the last three months. Company insiders own 0.30% of the company's stock.
About Senator Boozman
John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas' U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman's academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry
About Micron Technology
(
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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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