RMR Wealth Builders Grows Stock Position in Micron Technology, Inc. $MU

RMR Wealth Builders grew its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,875 shares of the semiconductor manufacturer’s stock after buying an additional 131 shares during the period. RMR Wealth Builders’ holdings in Micron Technology were worth $354,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbeam Capital Management LLC purchased a new stake in Micron Technology during the fourth quarter valued at about $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Micron Technology in the first quarter valued at approximately $33,000. AllSquare Wealth Management LLC lifted its stake in shares of Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $35,000 after buying an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in Micron Technology in the 1st quarter worth approximately $36,000. Finally, Roxbury Financial LLC boosted its holdings in Micron Technology by 306.1% in the 1st quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer’s stock worth $37,000 after buying an additional 300 shares during the period. Institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

MU opened at $157.77 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. The stock’s 50 day simple moving average is $120.69 and its 200 day simple moving average is $103.78. The firm has a market cap of $176.56 billion, a price-to-earnings ratio of 28.43 and a beta of 1.47. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $160.34.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.34. The firm had revenue of $9.30 billion during 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 company posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 7,500 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $140.58, for a total value of $1,054,350.00. Following the transaction, the chief executive officer owned 355,148 shares in the company, valued at approximately $49,926,705.84. The trade was a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Pat Mccarthy sold 2,404 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $115.67, for a total transaction of $278,070.68. Following the transaction, the director directly owned 20,146 shares of the company’s stock, valued at approximately $2,330,287.82. This trade represents a 10.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 268,446 shares of company stock worth $33,055,075. 0.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MU shares. Susquehanna boosted their target price on shares of Micron Technology from $150.00 to $160.00 and gave the company a “positive” rating in a report on Thursday, June 26th. JPMorgan Chase & Co. increased their price objective on Micron Technology from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Stifel Nicolaus raised their target price on Micron Technology from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. Piper Sandler upped their price target on Micron Technology from $120.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, June 26th. Finally, Zacks Research upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. 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, Micron Technology presently has an average rating of “Moderate Buy” and an average price target of $155.16.

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.