Ashton Thomas Private Wealth LLC Grows Stock Holdings in Micron Technology, Inc. $MU

Ashton Thomas Private Wealth LLC raised its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 128.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,228 shares of the semiconductor manufacturer’s stock after purchasing an additional 20,963 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Micron Technology were worth $3,238,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after buying an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after buying an additional 2,038,641 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Micron Technology by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer’s stock valued at $602,917,000 after buying an additional 58,285 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Micron Technology by 26.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after buying an additional 1,416,174 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Micron Technology by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,366,631 shares of the semiconductor manufacturer’s stock valued at $379,417,000 after buying an additional 17,970 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. CLSA assumed coverage on Micron Technology in a report on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 price objective on the stock. Bank of America lifted their price objective on Micron Technology from $84.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, June 26th. Morgan Stanley lifted their price objective on Micron Technology from $98.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, June 26th. UBS Group lifted their price objective on Micron Technology from $120.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, June 26th. Finally, Wells Fargo & Company lifted their price objective on Micron Technology from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, June 26th. Two 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.54.

Insider Activity

In other Micron Technology news, EVP Sumit Sadana sold 92,638 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the transaction, the executive vice president owned 201,326 shares in the company, valued at approximately $25,264,399.74. This represents a 31.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was 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 approximately $28,864,415.52. This represents a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 260,946 shares of company stock worth $31,927,244. Company insiders own 0.30% of the company’s stock.

Micron Technology Stock Up 0.1%

Shares of Micron Technology stock opened at $131.46 on Tuesday. 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 company’s fifty day simple moving average is $118.01 and its two-hundred day simple moving average is $101.90. The company has a market cap of $147.12 billion, a P/E ratio of 23.69 and a beta of 1.47. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $132.26.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.83 billion. During the same period in the previous year, the firm earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were issued a dividend of $0.115 per share. The ex-dividend date was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.3%. Micron Technology’s dividend payout ratio is 8.29%.

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.