4,990 Shares in Micron Technology, Inc. $MU Acquired by Northstar Financial Companies Inc.

Northstar Financial Companies Inc. bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,990 shares of the semiconductor manufacturer’s stock, valued at approximately $434,000.

Several other institutional investors have also recently added to or reduced their stakes in MU. Brighton Jones LLC lifted its stake in Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after purchasing an additional 976 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Micron Technology by 19.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 85,722 shares of the semiconductor manufacturer’s stock valued at $7,214,000 after buying an additional 13,985 shares during the last quarter. Voleon Capital Management LP purchased a new stake in Micron Technology in the fourth quarter valued at approximately $1,007,000. Triumph Capital Management lifted its stake in Micron Technology by 214.7% in the fourth quarter. Triumph Capital Management now owns 7,000 shares of the semiconductor manufacturer’s stock valued at $589,000 after buying an additional 4,776 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in Micron Technology by 10.5% in the fourth quarter. Rehmann Capital Advisory Group now owns 3,127 shares of the semiconductor manufacturer’s stock valued at $263,000 after buying an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Up 1.1%

NASDAQ:MU opened at $117.75 on Thursday. The firm has a market cap of $131.78 billion, a P/E ratio of 21.22 and a beta of 1.37. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. The stock’s 50 day simple moving average is $118.26 and its 200-day simple moving average is $100.53. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month 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, topping analysts’ consensus estimates of $1.57 by $0.34. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.83 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current 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 dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, July 7th. Micron Technology’s dividend payout ratio is currently 8.29%.

Analyst Upgrades and Downgrades

MU has been the subject of a number of research reports. Raymond James Financial boosted their price objective on Micron Technology from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, June 26th. CLSA initiated coverage on Micron Technology in a research note on Wednesday. They issued an “outperform” rating and a $155.00 price objective for the company. Arete Research upgraded Micron Technology to a “strong-buy” rating in a research note on Friday, July 18th. KeyCorp boosted their price objective on Micron Technology from $135.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, June 26th. Finally, UBS Group boosted their target price on Micron Technology from $120.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Micron Technology currently has an average rating of “Moderate Buy” and an average price target of $147.54.

Insider Activity

In related news, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $125.12, for a total transaction of $1,876,800.00. Following the transaction, the executive vice president owned 148,167 shares of the company’s stock, valued at $18,538,655.04. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark J. Murphy sold 34,000 shares of the company’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total value of $3,716,880.00. Following the completion of the sale, the chief financial officer directly owned 264,036 shares in the company, valued at $28,864,415.52. This trade represents a 11.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 286,042 shares of company stock valued at $34,679,277 over the last three months. 0.30% of the stock is currently owned by corporate insiders.

About Micron Technology

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.