Birchbrook Inc. Reduces Holdings in Micron Technology, Inc. $MU

Birchbrook Inc. decreased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 34.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 367 shares of the semiconductor manufacturer’s stock after selling 195 shares during the period. Birchbrook Inc.’s holdings in Micron Technology were worth $32,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strs Ohio purchased a new stake in Micron Technology during the 1st quarter worth $57,628,000. SWS Partners increased its position in shares of Micron Technology by 2.5% in the 1st quarter. SWS Partners now owns 21,529 shares of the semiconductor manufacturer’s stock worth $1,871,000 after purchasing an additional 531 shares during the last quarter. Westbourne Investments Inc. increased its position in shares of Micron Technology by 555.9% in the 1st quarter. Westbourne Investments Inc. now owns 17,590 shares of the semiconductor manufacturer’s stock worth $1,528,000 after purchasing an additional 14,908 shares during the last quarter. Focus Partners Wealth increased its position in shares of Micron Technology by 312.1% in the 1st quarter. Focus Partners Wealth now owns 138,878 shares of the semiconductor manufacturer’s stock worth $12,067,000 after purchasing an additional 105,178 shares during the last quarter. Finally, Integrity Alliance LLC. increased its position in shares of Micron Technology by 278.8% in the 1st quarter. Integrity Alliance LLC. now owns 20,901 shares of the semiconductor manufacturer’s stock worth $1,816,000 after purchasing an additional 15,384 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

MU has been the subject of several research analyst reports. Citigroup boosted their target price on shares of Micron Technology from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday. Cantor Fitzgerald boosted their target price on shares of Micron Technology from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Morgan Stanley boosted their target price on shares of Micron Technology from $98.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 26th. Raymond James Financial boosted their target price on shares of Micron Technology from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, June 26th. Finally, KGI Securities downgraded shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Micron Technology presently has a consensus rating of “Moderate Buy” and an average price target of $151.76.

Insider Activity

In other news, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $125.12, for a total value of $1,876,800.00. Following the completion of the sale, the executive vice president directly owned 148,167 shares of the company’s stock, valued at approximately $18,538,655.04. This represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Scott J. Deboer sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $125.11, for a total transaction of $2,502,200.00. Following the completion of the sale, the executive vice president directly owned 166,353 shares of the company’s stock, valued at approximately $20,812,423.83. This represents a 10.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 268,446 shares of company stock worth $32,908,469 over the last three months. Insiders own 0.30% of the company’s stock.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $150.57 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $156.26. The firm has a 50-day simple moving average of $119.23 and a 200 day simple moving average of $102.77. The company has a market cap of $168.51 billion, a PE ratio of 27.13 and a beta of 1.47.

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 analysts’ consensus estimates of $1.57 by $0.34. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $8.83 billion. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. During the same quarter in the prior year, the firm earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

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.