Micron Technology, Inc. $MU Holdings Boosted by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its holdings in Micron Technology, Inc. (NASDAQ:MU) by 2.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,418 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,038 shares during the period. Kestra Advisory Services LLC’s holdings in Micron Technology were worth $13,765,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MU. Nuveen LLC bought a new position in Micron Technology in the first quarter worth about $369,191,000. Vanguard Group Inc. increased its stake in shares of Micron Technology by 2.1% in the first 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 during the period. Goldman Sachs Group Inc. increased its stake in shares of 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 purchasing an additional 2,038,641 shares during the period. GAMMA Investing LLC increased its stake in shares of Micron Technology by 10,369.6% in the first quarter. GAMMA Investing LLC now owns 1,873,435 shares of the semiconductor manufacturer’s stock valued at $162,783,000 after purchasing an additional 1,855,541 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Micron Technology by 26.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after purchasing an additional 1,416,174 shares during the period. Institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling

In other Micron Technology news, CFO Mark J. Murphy sold 34,000 shares of the company’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total value of $3,716,880.00. Following the transaction, the chief financial officer owned 264,036 shares of the company’s stock, valued at approximately $28,864,415.52. This represents a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 92,638 shares of Micron Technology stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the transaction, the executive vice president owned 201,326 shares in the company, valued at approximately $25,264,399.74. The trade was a 31.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 286,042 shares of company stock valued at $34,679,277 in the last three months. Insiders own 0.30% of the company’s stock.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $117.68 on Friday. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $129.85. The stock has a market cap of $131.70 billion, a price-to-earnings ratio of 21.20 and a beta of 1.37. The stock’s 50 day moving average price is $118.48 and its 200 day moving average price is $100.09. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.34. The company had revenue of $9.30 billion for the quarter, compared to analysts’ expectations 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 prior 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 anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have commented on MU. KGI Securities lowered shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 23rd. Cantor Fitzgerald raised their price target on shares of Micron Technology from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, June 26th. Bank of America raised their price target 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. Morgan Stanley raised their price target on shares of Micron Technology from $98.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, June 26th. Finally, Robert W. Baird raised their price target on shares of Micron Technology from $163.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, June 27th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.