Micron Technology, Inc. $MU Stock Holdings Decreased by Gould Capital LLC

Gould Capital LLC reduced its position in Micron Technology, Inc. (NASDAQ:MU) by 95.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 601 shares of the semiconductor manufacturer’s stock after selling 12,457 shares during the quarter. Gould Capital LLC’s holdings in Micron Technology were worth $52,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MU. Sunbeam Capital Management LLC purchased a new position in shares of Micron Technology in the fourth quarter worth approximately $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Micron Technology in the first quarter worth approximately $33,000. AllSquare Wealth Management LLC increased its position in shares of Micron Technology by 100.0% in the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after acquiring an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Micron Technology in the first quarter worth approximately $36,000. Finally, Roxbury Financial LLC grew 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 valued at $37,000 after purchasing an additional 300 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Price Performance

NASDAQ MU opened at $115.79 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $129.58 billion, a PE ratio of 20.86 and a beta of 1.37. The company has a 50 day moving average price of $118.44 and a two-hundred day moving average price of $99.86. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $129.85.

Micron Technology (NASDAQ:MU) last posted 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 firm had revenue of $9.30 billion during the quarter, compared to analysts’ expectations 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 previous year, the company earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Transactions at Micron Technology

In other Micron Technology news, Director Mary Pat Mccarthy sold 2,404 shares of Micron Technology stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $121.28, for a total value of $291,557.12. Following the completion of the sale, the director directly owned 22,550 shares in the company, valued at $2,734,864. The trade was a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of Micron Technology stock in a transaction that occurred on 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 owned 22,762 shares of the company’s stock, valued at $2,848,664.30. This trade represents a 23.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 286,042 shares of company stock valued at $34,679,277. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MU. Wells Fargo & Company boosted their price objective on shares of Micron Technology from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, June 26th. UBS Group boosted their price objective on shares of Micron Technology from $120.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, June 26th. Raymond James Financial boosted their price objective on shares of Micron Technology from $120.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, June 26th. Barclays boosted their price objective on shares of Micron Technology from $95.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, June 26th. Finally, Wall Street Zen raised shares of Micron Technology from a “hold” rating to a “buy” rating in a research report on Saturday, June 14th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $147.24.

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.