Micron Technology, Inc. $MU Shares Acquired by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC boosted its position in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) by 41.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,464 shares of the semiconductor manufacturer’s stock after buying an additional 723 shares during the period. Quadcap Wealth Management LLC’s holdings in Micron Technology were worth $832,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MU. Signature Equity Partners LLC boosted its position in shares of Micron Technology by 6.3% during the 1st quarter. Signature Equity Partners LLC now owns 253 shares of the semiconductor manufacturer’s stock valued at $86,000 after purchasing an additional 15 shares in the last quarter. Clearwater Capital Advisors LLC raised its holdings in shares of Micron Technology by 1.1% in the 1st quarter. Clearwater Capital Advisors LLC now owns 1,617 shares of the semiconductor manufacturer’s stock worth $546,000 after purchasing an additional 18 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in Micron Technology by 10.3% during the first quarter. Capital Advisors Ltd. LLC now owns 247 shares of the semiconductor manufacturer’s stock valued at $83,000 after purchasing an additional 23 shares during the last quarter. Manning & Napier Advisors LLC lifted its stake in Micron Technology by 2.4% during the fourth quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock valued at $301,000 after purchasing an additional 24 shares during the last quarter. Finally, Essex Bank boosted its holdings in Micron Technology by 2.0% during the first quarter. Essex Bank now owns 1,252 shares of the semiconductor manufacturer’s stock worth $423,000 after buying an additional 24 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Key Stories Impacting Micron Technology

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

Insiders Place Their Bets

In other Micron Technology news, Director Lynn A. Dugle sold 1,300 shares of Micron Technology stock in a transaction dated Tuesday, June 30th. The stock was 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 of the company’s stock, valued at $20,394,823.04. The trade was a 6.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 28,506 shares of the company’s stock in a transaction dated 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 owned 355,997 shares in the company, valued at $409,140,232.16. This represents a 7.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 163,300 shares of company stock valued at $152,667,204 in the last 90 days. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MU shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of 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. KeyCorp reissued an “overweight” rating on shares of Micron Technology in a research note on Monday, July 20th. Erste Group Bank upgraded Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Mizuho lifted their target price on Micron Technology from $1,150.00 to $1,375.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Finally, Wells Fargo & Company boosted their target price on Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $1,268.93.

Check Out Our Latest Report on Micron Technology

Micron Technology Stock Performance

NASDAQ MU opened at $920.95 on Monday. The firm’s 50 day moving average price is $966.27 and its two-hundred day moving average price is $624.74. 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 stock has a market cap of $1.04 trillion, a price-to-earnings ratio of 20.85 and a beta of 2.14.

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

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology’s payout ratio is presently 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.

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

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