RDA Financial Network Purchases 601 Shares of Micron Technology, Inc. $MU

RDA Financial Network lifted its position in Micron Technology, Inc. (NASDAQ:MU) by 7.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,376 shares of the semiconductor manufacturer’s stock after purchasing an additional 601 shares during the quarter. RDA Financial Network’s holdings in Micron Technology were worth $1,032,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MU. Brighton Jones LLC increased its holdings in shares of Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after purchasing an additional 976 shares during the period. Bank Pictet & Cie Europe AG increased its holdings in shares of Micron Technology by 19.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 85,722 shares of the semiconductor manufacturer’s stock worth $7,214,000 after purchasing an additional 13,985 shares during the period. Shell Asset Management Co. increased its holdings in shares of Micron Technology by 2.2% in the fourth quarter. Shell Asset Management Co. now owns 28,397 shares of the semiconductor manufacturer’s stock worth $2,390,000 after purchasing an additional 617 shares during the period. Safeguard Investment Advisory Group LLC increased its holdings in shares of Micron Technology by 19.4% in the fourth quarter. Safeguard Investment Advisory Group LLC now owns 4,598 shares of the semiconductor manufacturer’s stock worth $387,000 after purchasing an additional 746 shares during the period. Finally, State of Wyoming increased its holdings in shares of Micron Technology by 2,336.1% in the fourth quarter. State of Wyoming now owns 3,581 shares of the semiconductor manufacturer’s stock worth $301,000 after purchasing an additional 3,434 shares during the period. Institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Up 4.4%

Shares of NASDAQ:MU opened at $157.23 on Friday. The stock’s 50-day moving average price is $119.94 and its 200-day moving average price is $103.25. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $158.28. The stock has a market capitalization of $175.96 billion, a P/E ratio of 28.33 and a beta of 1.47. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.34. The company had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. During the same period in the prior year, the business posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, equities analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently announced 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 0.3%. The ex-dividend date was Monday, July 7th. Micron Technology’s dividend payout ratio is currently 8.29%.

Insider Activity at Micron Technology

In other news, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $125.15, for a total transaction of $876,050.00. Following the completion of the sale, the director directly owned 22,762 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total transaction of $278,070.68. Following the sale, the director owned 20,146 shares of the company’s stock, valued at approximately $2,330,287.82. This represents a 10.66% 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 quarter. 0.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MU. Arete Research raised Micron Technology to a “strong-buy” rating in a research note on Friday, July 18th. Barclays increased their target price on Micron Technology from $95.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, June 26th. Erste Group Bank began coverage on Micron Technology in a research note on Thursday, August 14th. They issued a “buy” rating on the stock. Wall Street Zen cut Micron Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Citigroup increased their target price on Micron Technology from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Micron Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.76.

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.