Micron Technology, Inc. $MU Holdings Boosted by Money Concepts Capital Corp

Money Concepts Capital Corp grew its holdings in Micron Technology, Inc. (NASDAQ:MUFree Report) by 69.3% in the first quarter, Holdings Channel.com reports. The firm owned 2,524 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,033 shares during the period. Money Concepts Capital Corp’s holdings in Micron Technology were worth $853,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Resona Asset Management Co. Ltd. grew its holdings in shares of Micron Technology by 2.3% during the first quarter. Resona Asset Management Co. Ltd. now owns 342,642 shares of the semiconductor manufacturer’s stock valued at $114,732,000 after buying an additional 7,787 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in Micron Technology in the 1st quarter worth about $1,271,000. Demars Financial Group LLC boosted its position in Micron Technology by 21.6% during the 1st quarter. Demars Financial Group LLC now owns 1,682 shares of the semiconductor manufacturer’s stock worth $568,000 after acquiring an additional 299 shares during the period. WPG Advisers LLC grew its stake in Micron Technology by 10.2% during the 1st quarter. WPG Advisers LLC now owns 759 shares of the semiconductor manufacturer’s stock valued at $256,000 after acquiring an additional 70 shares in the last quarter. Finally, Capstone Capital Management Ltd acquired a new position in shares of Micron Technology in the 1st quarter valued at about $3,895,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MU shares. JPMorgan Chase & Co. increased their price target on shares of Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. DA Davidson boosted their price objective on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Mizuho upped their price objective on shares of Micron Technology from $1,150.00 to $1,375.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,500.00 target price on shares of Micron Technology in a research report on Thursday, June 25th. Finally, Stifel Nicolaus lifted their target price on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $1,263.76.

View Our Latest Stock Report on MU

Micron Technology News Summary

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

Insider Buying and Selling at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the transaction, the director owned 17,139 shares in the company, valued at $13,488,907.17. This represents a 10.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lynn A. Dugle sold 1,300 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the transaction, the director owned 17,728 shares in the company, valued at $20,394,823.04. This represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 163,300 shares of company stock worth $152,667,204. Company insiders own 0.24% of the company’s stock.

Micron Technology Stock Down 1.2%

Shares of Micron Technology stock traded down $12.34 during trading on Friday, hitting $979.30. 31,541,681 shares of the stock traded hands, compared to its average volume of 49,181,996. The stock has a market cap of $1.11 trillion, a P/E ratio of 22.17 and a beta of 2.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. Micron Technology, Inc. has a twelve month low of $103.38 and a twelve month high of $1,255.00. The company has a fifty day moving average price of $923.27 and a two-hundred day moving average price of $578.17.

Micron Technology (NASDAQ:MUGet Free Report) last announced its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter in the previous year, the business posted $1.91 EPS. The firm’s quarterly revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities research analysts predict that Micron Technology, Inc. will post 72.94 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced 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 of this dividend is Monday, July 6th. Micron Technology’s payout ratio is currently 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.

See Also

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

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