MBL Wealth LLC cut its holdings in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 28.9% in the 2nd quarter, Holdings Channel reports. The firm owned 3,632 shares of the semiconductor manufacturer’s stock after selling 1,479 shares during the period. MBL Wealth LLC’s holdings in Micron Technology were worth $4,192,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in MU. Ramsey Quantitative Systems acquired a new stake in shares of Micron Technology during the 2nd quarter valued at $46,000. Signature Resources Capital Management LLC grew its holdings in shares of Micron Technology by 1,125.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 49 shares of the semiconductor manufacturer’s stock worth $57,000 after acquiring an additional 45 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Micron Technology in the 1st quarter worth $27,000. High Note Wealth LLC raised its position in shares of 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 purchasing an additional 34 shares during the period. Finally, Bayban acquired a new stake in shares of Micron Technology during the fourth quarter worth $29,000. 80.84% of the stock is currently owned by institutional investors.
Micron Technology Price Performance
Shares of MU opened at $971.66 on Monday. The business’s 50-day moving average is $965.49 and its 200-day moving average is $679.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The company has a market capitalization of $1.10 trillion, a price-to-earnings ratio of 22.00 and a beta of 2.19. Micron Technology, Inc. has a fifty-two week low of $113.46 and a fifty-two week high of $1,255.00.
Micron Technology Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 1.36%.
Insider Activity at Micron Technology
In related news, CEO Sanjay Mehrotra sold 31,285 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $926.83, for a total transaction of $28,995,876.55. Following the completion of the sale, the chief executive officer directly owned 313,218 shares in the company, valued at approximately $290,299,838.94. This trade represents a 9.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the sale, the executive vice president owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. This represents a 31.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 162,179 shares of company stock worth $167,811,861. Corporate insiders own 0.24% of the company’s stock.
Trending Headlines about Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: New Street upgraded Micron to “Buy” from “Neutral” and set a $1,250 price target, citing the possibility that AI is making memory demand less cyclical. The firm projects a potential $2 trillion-$3 trillion valuation for Micron by the end of the decade. Micron Upgraded to Buy on the Claim Memory Stopped Being Cyclical
- Positive Sentiment: DRAM and NAND prices are tightening again, potentially increasing the earnings impact of Micron’s rapidly expanding data-center business. Analysts are continuing to raise revenue estimates and price targets as AI infrastructure spending supports demand for high-bandwidth memory and storage. Micron Stock Jumps as Memory Pricing Tightens Again
- Positive Sentiment: Micron launched a $250 million Micron Ventures Paradigm Fund to invest across the AI technology stack, including model development, computing infrastructure, enterprise applications and physical AI. The initiative could strengthen partnerships and give Micron earlier insight into future memory and storage requirements. Micron Ventures Launches $250 Million Fund
- Neutral Sentiment: Broader semiconductor strength, record U.S. equity benchmarks and easing rate-hike expectations are supporting risk appetite for memory stocks. Technical analysts also identify approximately $1,012 as an important near-term resistance level. Micron Price Forecast
- Negative Sentiment: Risks remain from rising Chinese competition and execution timing. YMTC has surpassed Micron in NAND shipments, while Micron’s new $9.3 billion fabrication plant is not expected to produce chips until 2028. Michael Burry has also increased bearish positions involving Micron, underscoring concerns about valuation, supply growth and a possible return of memory-cycle volatility.
Analyst Ratings Changes
MU has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their price target on Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Wolfe Research set a $1,500.00 price objective on Micron Technology in a report on Thursday, June 25th. Melius Research initiated coverage on shares of Micron Technology in a research note on Monday, April 27th. They set a “buy” rating and a $700.00 price objective for the company. TD Cowen reaffirmed a “buy” rating on shares of Micron Technology in a research note on Friday, July 10th. Finally, Seaport Research Partners reiterated a “buy” rating on shares of Micron Technology in a report on Friday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $1,259.97.
Check Out Our Latest Analysis on MU
Micron Technology Profile
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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