1,865 Shares in Micron Technology, Inc. $MU Bought by CRA Financial Services LLC

CRA Financial Services LLC acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,865 shares of the semiconductor manufacturer’s stock, valued at approximately $230,000.

Several other hedge funds have also added to or reduced their stakes in the business. Armstrong Advisory Group Inc. raised its stake in Micron Technology by 241.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 731 shares of the semiconductor manufacturer’s stock worth $90,000 after buying an additional 517 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in shares of Micron Technology by 9.0% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 9,440 shares of the semiconductor manufacturer’s stock valued at $1,163,000 after purchasing an additional 783 shares during the period. Park Avenue Securities LLC raised its stake in shares of Micron Technology by 16.3% in the 2nd quarter. Park Avenue Securities LLC now owns 35,116 shares of the semiconductor manufacturer’s stock valued at $4,328,000 after purchasing an additional 4,925 shares during the period. Avanza Fonder AB acquired a new stake in shares of Micron Technology in the 2nd quarter valued at about $10,980,000. Finally, Sowell Financial Services LLC raised its stake in shares of Micron Technology by 10.7% in the 2nd quarter. Sowell Financial Services LLC now owns 11,984 shares of the semiconductor manufacturer’s stock valued at $1,477,000 after purchasing an additional 1,157 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Buying and Selling at Micron Technology

In related news, EVP Sumit Sadana sold 92,638 shares of Micron Technology stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the completion of the transaction, the executive vice president owned 201,326 shares in the company, valued at approximately $25,264,399.74. This trade represents a 31.51% 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, EVP Manish H. Bhatia sold 80,000 shares of Micron Technology stock in a transaction dated 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. The trade was a 22.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 255,946 shares of company stock valued at $32,306,159 in the last three months. Corporate insiders own 0.30% of the company’s stock.

Micron Technology Price Performance

NASDAQ:MU opened at $164.62 on Tuesday. 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 stock’s 50-day simple moving average is $124.74 and its 200 day simple moving average is $106.27. The company has a market cap of $184.23 billion, a P/E ratio of 29.66 and a beta of 1.47. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $170.45.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.34. The business 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 in the previous year, the business earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on MU shares. Cantor Fitzgerald lifted their price target on Micron Technology from $155.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, September 15th. Susquehanna lifted their price target on Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, September 17th. Barclays lifted their price target on Micron Technology from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday. TD Cowen lifted their price target on Micron Technology from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Micron Technology from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $165.54.

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.