RWA Wealth Partners LLC Decreases Stake in Micron Technology, Inc. $MU

RWA Wealth Partners LLC lessened its stake in Micron Technology, Inc. (NASDAQ:MU) by 92.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,785 shares of the semiconductor manufacturer’s stock after selling 61,245 shares during the quarter. RWA Wealth Partners LLC’s holdings in Micron Technology were worth $416,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MU. Sunbeam Capital Management LLC purchased a new position in Micron Technology in the fourth quarter valued at $26,000. Opal Wealth Advisors LLC purchased a new position in Micron Technology in the first quarter valued at $33,000. AllSquare Wealth Management LLC increased its holdings in Micron Technology by 100.0% in the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $35,000 after buying an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in Micron Technology in the first quarter valued at $36,000. Finally, Roxbury Financial LLC increased its holdings in Micron Technology by 306.1% in the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer’s stock valued at $37,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Sumit Sadana sold 92,638 shares of the company’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $125.49, for a total value of $11,625,142.62. Following the completion of the sale, the executive vice president directly owned 201,326 shares of the company’s stock, valued at approximately $25,264,399.74. This represents a 31.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Manish H. Bhatia sold 80,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 275,067 shares of the company’s stock, valued at $33,877,251.72. The trade was a 22.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 286,042 shares of company stock valued at $34,679,277. 0.30% of the stock is owned by insiders.

Micron Technology Trading Down 4.0%

NASDAQ:MU opened at $117.21 on Thursday. The stock’s 50 day moving average price is $118.45 and its 200 day moving average price is $99.68. The company has a market capitalization of $131.17 billion, a PE 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.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.34. The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, July 7th. Micron Technology’s dividend payout ratio is presently 8.29%.

Analyst Ratings Changes

Several research firms recently commented on MU. Barclays increased their target price on Micron Technology from $95.00 to $140.00 and gave the company an “overweight” rating in a 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. Wall Street Zen upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a research report on Saturday, June 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Micron Technology in a research report on Thursday, July 10th. They set a “buy” rating and a $150.00 price objective for the company. Finally, Piper Sandler boosted their price objective on shares of Micron Technology from $120.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned 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, the stock has an average rating of “Moderate Buy” and an average target price of $147.24.

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.