Gotham Asset Management LLC Has $11.61 Million Holdings in Micron Technology, Inc. $MU

Gotham Asset Management LLC lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 12.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 133,558 shares of the semiconductor manufacturer’s stock after purchasing an additional 14,955 shares during the period. Gotham Asset Management LLC’s holdings in Micron Technology were worth $11,605,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of MU. Nuveen LLC acquired a new position in shares of Micron Technology during the first quarter worth $369,191,000. Vanguard Group Inc. lifted its holdings in shares of Micron Technology by 2.1% during the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock worth $8,854,644,000 after purchasing an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Micron Technology by 23.8% during the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock worth $922,467,000 after purchasing an additional 2,038,641 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Micron Technology by 10,369.6% during the first quarter. GAMMA Investing LLC now owns 1,873,435 shares of the semiconductor manufacturer’s stock worth $162,783,000 after purchasing an additional 1,855,541 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Micron Technology by 26.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock worth $590,807,000 after buying an additional 1,416,174 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MU. JPMorgan Chase & Co. lifted their target price on shares of Micron Technology from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 12th. Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Raymond James Financial lifted their target price on shares of Micron Technology from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, June 26th. KGI Securities downgraded shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $147.54.

Insider Activity

In other news, CFO Mark J. Murphy sold 34,000 shares of Micron Technology stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the completion of the transaction, the chief financial officer directly owned 264,036 shares in the company, valued at $28,864,415.52. This trade represents a 11.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott J. Deboer sold 20,000 shares of Micron Technology stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $125.11, for a total transaction of $2,502,200.00. Following the transaction, the executive vice president owned 166,353 shares of the company’s stock, valued at $20,812,423.83. This represents a 10.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 264,884 shares of company stock valued at $32,363,889. 0.30% of the stock is currently owned by insiders.

Micron Technology Trading Up 5.8%

MU opened at $131.37 on Friday. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $131.41. 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 company has a market cap of $147.02 billion, a P/E ratio of 23.67 and a beta of 1.47. The company has a fifty day moving average price of $117.85 and a two-hundred day moving average price of $101.68.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $8.83 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Analysts predict 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 was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, July 7th. Micron Technology’s dividend payout ratio (DPR) is currently 8.29%.

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.