Resolute Advisors LLC Invests $278,000 in Micron Technology, Inc. $MU

Resolute Advisors LLC purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 822 shares of the semiconductor manufacturer’s stock, valued at approximately $278,000.

Several other large investors have also recently added to or reduced their stakes in MU. High Note Wealth LLC increased its position in Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 34 shares during the period. Elevation Wealth Partners LLC boosted 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 valued at $27,000 after purchasing an additional 71 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Micron Technology during the 1st quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. increased its holdings in shares of Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 96 shares during the period. Finally, Bayban bought a new position in shares of Micron Technology during the fourth quarter worth approximately $29,000. Institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Up 1.9%

MU stock opened at $865.46 on Tuesday. The firm has a 50-day moving average price of $950.86 and a 200-day moving average price of $606.14. Micron Technology, Inc. has a 12 month low of $103.38 and a 12 month high of $1,255.00. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $977.44 billion, a P/E ratio of 19.59 and a beta of 2.14.

Micron Technology (NASDAQ:MUGet Free Report) last posted its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter in the previous year, the firm posted $1.91 earnings per share. The company’s revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Transactions at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction dated 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 approximately $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 accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 28,506 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $1,149.28, for a total value of $32,761,375.68. Following the completion of the transaction, the chief executive officer directly owned 355,997 shares of the company’s stock, valued at $409,140,232.16. This represents a 7.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 163,300 shares of company stock valued at $152,667,204. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MU shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a research note on Tuesday, May 12th. Citigroup upped their target price on Micron Technology from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft raised their price target on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, UBS Group increased their price objective on shares of Micron Technology from $535.00 to $1,625.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Four research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Micron Technology has an average rating of “Buy” and a consensus target price of $1,268.93.

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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.

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

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