Truvestments Capital LLC Trims Stock Position in Micron Technology, Inc. $MU

Truvestments Capital LLC cut its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 20.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,661 shares of the semiconductor manufacturer’s stock after selling 962 shares during the period. Truvestments Capital LLC’s holdings in Micron Technology were worth $318,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MU. Sunbeam Capital Management LLC purchased a new position in Micron Technology during the fourth quarter worth about $26,000. Opal Wealth Advisors LLC purchased a new position in Micron Technology during the first quarter worth about $33,000. AllSquare Wealth Management LLC raised its stake in shares of Micron Technology by 100.0% in the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $35,000 after acquiring an additional 200 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Micron Technology in the 1st quarter valued at approximately $36,000. Finally, Roxbury Financial LLC raised its stake in shares of Micron Technology by 306.1% in the 1st quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer’s stock valued at $37,000 after acquiring an additional 300 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Trading Up 1.1%

Shares of MU stock opened at $117.75 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. The stock has a market capitalization of $131.78 billion, a P/E ratio of 21.22 and a beta of 1.37. The company has a 50 day moving average price of $118.26 and a 200 day moving average price of $100.53. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $129.85.

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 firm had revenue of $9.30 billion during the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were issued a $0.115 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.4%. Micron Technology’s payout ratio is 8.29%.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP Scott J. Deboer sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the transaction, the executive vice president owned 186,353 shares in the company, valued at $20,498,830. The trade was a 9.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Manish H. Bhatia sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the transaction, the executive vice president owned 275,067 shares of the company’s stock, valued at $33,877,251.72. This trade represents a 22.53% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 286,042 shares of company stock valued at $34,679,277. 0.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MU. Barclays boosted their price target on shares of Micron Technology from $95.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, June 26th. Stifel Nicolaus boosted their price target on shares of Micron Technology from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, June 26th. The Goldman Sachs Group began coverage on shares of Micron Technology in a research note on Thursday, July 10th. They issued a “neutral” rating and a $130.00 price target on the stock. Wedbush boosted their price target on shares of Micron Technology from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, June 26th. Finally, Raymond James Financial boosted their price target on shares of Micron Technology from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Micron Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.54.

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.