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

Quadcap Wealth Management LLC lifted its holdings in Micron Technology, Inc. (NASDAQ:MUFree Report) by 41.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,464 shares of the semiconductor manufacturer’s stock after acquiring an additional 723 shares during the period. Quadcap Wealth Management LLC’s holdings in Micron Technology were worth $832,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MU. High Note Wealth LLC lifted its holdings in Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 34 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Micron Technology in the 1st quarter valued at about $27,000. Steigerwald Gordon & Koch Inc. grew its position in shares of Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 96 shares during the last quarter. Bayban bought a new stake in shares of Micron Technology during the 4th quarter valued at about $29,000. Finally, GHP Investment Advisors Inc. raised its stake in Micron Technology by 91.2% during the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 52 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the sale, the chief executive officer owned 424,503 shares of the company’s stock, valued at $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 17,728 shares of the company’s stock, valued at $20,394,823.04. This represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 163,300 shares of company stock worth $152,667,204. 0.24% of the stock is owned by company insiders.

Micron Technology Price Performance

NASDAQ MU opened at $920.95 on Monday. The company has a 50-day moving average price of $966.27 and a two-hundred day moving average price of $624.74. Micron Technology, Inc. has a 52 week low of $103.38 and a 52 week 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. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MUGet Free Report) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $35.91 billion. During the same period in the previous year, the firm posted $1.91 earnings per share. The business’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. Analysts forecast 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. Shareholders of record on Monday, July 6th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s payout ratio is 1.36%.

Analysts Set New Price Targets

MU has been the topic of a number of recent research reports. Stifel Nicolaus raised their target price on shares of Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Barclays increased their price target on Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Rosenblatt Securities raised their price target on Micron Technology from $1,200.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Needham & Company LLC boosted their price objective on Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Finally, Mizuho upped their price objective on Micron Technology from $1,150.00 to $1,375.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Four investment 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 stock. According to MarketBeat.com, Micron Technology presently has an average rating of “Buy” and an average target price of $1,268.93.

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Micron Technology 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.

Further Reading

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

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