Armstrong Henry H Associates Inc. Makes New Investment in Micron Technology, Inc. $MU

Armstrong Henry H Associates Inc. bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,800 shares of the semiconductor manufacturer’s stock, valued at approximately $222,000.

Other large investors have also recently added to or reduced their stakes in the company. Sunbeam Capital Management LLC bought a new stake in Micron Technology during the fourth quarter worth approximately $26,000. Opal Wealth Advisors LLC bought a new stake in Micron Technology during the first quarter worth approximately $33,000. Roxbury Financial LLC boosted its position in Micron Technology by 306.1% during the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer’s stock worth $37,000 after purchasing an additional 300 shares during the period. AllSquare Wealth Management LLC boosted its position in Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 200 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in Micron Technology during the first quarter worth approximately $36,000. Institutional investors own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MU. Piper Sandler upped their target price on Micron Technology from $120.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Robert W. Baird increased their price objective on Micron Technology from $163.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, June 27th. Stifel Nicolaus increased their price objective on Micron Technology from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, June 26th. Raymond James Financial increased their price objective on Micron Technology from $120.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, June 26th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Micron Technology in a research report on Thursday, July 10th. They issued a “buy” rating and a $150.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $151.76.

Insiders Place Their Bets

In related news, CFO Mark J. Murphy sold 34,000 shares of the company’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total value 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 approximately $28,864,415.52. This represents a 11.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Manish H. Bhatia sold 80,000 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $123.16, for a total value of $9,852,800.00. Following the transaction, the executive vice president owned 275,067 shares of the company’s stock, valued at $33,877,251.72. This represents a 22.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,946 shares of company stock valued at $33,962,819 in the last ninety days. 0.30% of the stock is currently owned by insiders.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $157.23 on Friday. The business has a fifty day simple moving average of $119.94 and a 200 day simple moving average of $103.25. 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 firm has a market capitalization of $175.96 billion, a price-to-earnings ratio of 28.33 and a beta of 1.47. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $158.28.

Micron Technology (NASDAQ:MU) last issued its 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 business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.During the same period in the prior year, the company posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Sell-side analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, July 7th. Micron Technology’s dividend payout ratio is presently 8.29%.

Micron Technology 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.