1,812 Shares in Micron Technology, Inc. $MU Acquired by Bryant Woods Investment Advisors LLC

Bryant Woods Investment Advisors LLC bought a new position in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,812 shares of the semiconductor manufacturer’s stock, valued at approximately $612,000.

A number of other hedge funds have also bought and sold shares of MU. Capital Advisors Ltd. LLC lifted its stake in shares of Micron Technology by 10.3% during the first quarter. Capital Advisors Ltd. LLC now owns 247 shares of the semiconductor manufacturer’s stock worth $83,000 after buying an additional 23 shares during the period. Manning & Napier Advisors LLC raised its stake in Micron Technology by 2.4% in the 4th quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock worth $301,000 after acquiring an additional 24 shares during the last quarter. Essex Bank raised its stake in Micron Technology by 2.0% in the 1st quarter. Essex Bank now owns 1,252 shares of the semiconductor manufacturer’s stock worth $423,000 after acquiring an additional 24 shares during the last quarter. SWAN Capital LLC lifted its position in Micron Technology by 9.7% during the 4th quarter. SWAN Capital LLC now owns 271 shares of the semiconductor manufacturer’s stock worth $77,000 after acquiring an additional 24 shares during the period. Finally, Vivaldi Capital Management LP lifted its position in Micron Technology by 1.2% during the 4th quarter. Vivaldi Capital Management LP now owns 1,964 shares of the semiconductor manufacturer’s stock worth $561,000 after acquiring an additional 24 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology News Summary

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

Analyst Ratings Changes

Several analysts have weighed in on the company. Barclays boosted their price target on Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Citigroup lifted their target price on Micron Technology from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,500.00 price target on shares of Micron Technology in a report on Thursday, June 25th. UBS Group increased their price target on shares of Micron Technology from $535.00 to $1,625.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Summit Insights lowered shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Micron Technology currently has an average rating of “Buy” and an average price target of $1,263.76.

Check Out Our Latest Report on MU

Insider Activity

In related news, Director Lynn A. Dugle sold 1,300 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the transaction, the director directly owned 17,728 shares in the company, valued at $20,394,823.04. The trade was a 6.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, the executive vice president directly owned 224,021 shares in the company, valued at $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 147,300 shares of company stock worth $119,422,004 over the last 90 days. Company insiders own 0.24% of the company’s stock.

Micron Technology Stock Performance

Shares of MU stock opened at $975.56 on Friday. The stock has a market cap of $1.10 trillion, a PE ratio of 22.09 and a beta of 2.14. The business has a 50-day simple moving average of $876.93 and a 200-day simple moving average of $552.77. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 52-week low of $103.38 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MUGet Free Report) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The firm had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company’s revenue was up 345.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities analysts expect that Micron Technology, Inc. will post 72.94 EPS for the current year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, July 6th. Micron Technology’s dividend payout ratio is currently 1.36%.

About Micron Technology

(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.

See Also

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

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