Teamwork Financial Advisors LLC Decreases Position in Micron Technology, Inc. $MU

Teamwork Financial Advisors LLC lowered its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 1.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,921 shares of the semiconductor manufacturer’s stock after selling 168 shares during the period. Teamwork Financial Advisors LLC’s holdings in Micron Technology were worth $1,839,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Micron Technology by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after purchasing an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Micron Technology by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after acquiring an additional 2,038,641 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Micron Technology by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer’s stock valued at $602,917,000 after acquiring an additional 58,285 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Micron Technology by 26.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after acquiring an additional 1,416,174 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Micron Technology by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,366,631 shares of the semiconductor manufacturer’s stock worth $379,417,000 after acquiring an additional 17,970 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Trading Up 4.4%

Shares of NASDAQ MU opened at $157.23 on Friday. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $158.28. The company has a market cap of $175.96 billion, a price-to-earnings 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. The stock’s 50 day simple moving average is $119.94 and its 200 day simple moving average is $103.25.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.34. The firm had revenue of $9.30 billion for 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 last year, the company earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Bank of America upped their target price on shares of Micron Technology from $84.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, June 26th. Zacks Research upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. UBS Group lifted their target price on Micron Technology from $120.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, June 26th. Stifel Nicolaus boosted their price target on Micron Technology from $130.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, June 26th. Finally, Cantor Fitzgerald raised their price objective on Micron Technology from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.76.

Insider Transactions at Micron Technology

In other Micron Technology news, CFO Mark J. Murphy sold 34,000 shares of the business’s 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 of the company’s stock, valued at $28,864,415.52. The trade was a 11.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $140.58, for a total transaction of $1,054,350.00. Following the completion of the sale, the chief executive officer owned 355,148 shares in the company, valued at $49,926,705.84. The trade was a 2.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 275,946 shares of company stock worth $33,962,819 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

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.