Fiduciary Alliance LLC Buys 530 Shares of Micron Technology, Inc. $MU

Fiduciary Alliance LLC boosted its stake in Micron Technology, Inc. (NASDAQ:MUFree Report) by 60.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,411 shares of the semiconductor manufacturer’s stock after purchasing an additional 530 shares during the period. Fiduciary Alliance LLC’s holdings in Micron Technology were worth $477,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MU. High Note Wealth LLC increased its stake in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 34 shares during the period. Elevation Wealth Partners LLC grew its holdings in Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. grew its holdings in Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 96 shares during the last quarter. Bayban purchased a new position in shares of Micron Technology in the fourth quarter valued at about $29,000. Finally, Joseph Group Capital Management purchased a new position in shares of Micron Technology in the fourth quarter valued at about $31,000. Institutional investors own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In related news, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the sale, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 37,439 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $960.38, for a total value of $35,955,666.82. Following the completion of the sale, the chief executive officer directly owned 387,064 shares in the company, valued at approximately $371,728,524.32. The trade was a 8.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 146,000 shares of company stock valued at $85,486,715. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MU. Raymond James Financial upped their price objective on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Thursday. The Goldman Sachs Group boosted their price target on Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a research report on Tuesday, May 12th. Citigroup increased their price objective on Micron Technology from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a report on Thursday. Finally, KeyCorp lifted their price objective on Micron Technology from $600.00 to $1,600.00 and gave the stock an “overweight” rating in a research report on Thursday. Five research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $1,263.76.

View Our Latest Analysis on MU

Micron Technology News Roundup

Here are the key news stories impacting Micron Technology this week:

Micron Technology Trading Down 6.7%

Shares of MU opened at $1,132.33 on Friday. Micron Technology, Inc. has a 1-year low of $103.38 and a 1-year high of $1,255.00. The company has a current ratio of 3.42, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. The firm’s 50-day moving average price is $817.22 and its 200-day moving average price is $524.65. The firm has a market capitalization of $1.28 trillion, a price-to-earnings ratio of 25.64 and a beta of 2.16.

Micron Technology (NASDAQ:MUGet Free Report) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. Micron Technology’s quarterly revenue was up 345.8% compared to the same quarter last year. During the same period last year, the business posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts anticipate that Micron Technology, Inc. will post 61.55 EPS for the current year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Monday, July 6th. Micron Technology’s dividend payout ratio (DPR) is presently 1.36%.

Micron Technology Company Profile

(Free Report)

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

Further Reading

Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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