Eaton Financial Holdings Company LLC Takes Position in Micron Technology, Inc. $MU

Eaton Financial Holdings Company LLC bought a new stake in Micron Technology, Inc. (NASDAQ:MU) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,696 shares of the semiconductor manufacturer’s stock, valued at approximately $1,195,000.

Several other institutional investors also recently modified their holdings of MU. Nuveen LLC bought a new position in shares of Micron Technology in the first quarter valued at approximately $369,191,000. Vanguard Group Inc. grew its holdings in shares of Micron Technology by 2.1% in the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after acquiring an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Micron Technology by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after acquiring an additional 2,038,641 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Micron Technology by 10,369.6% in the first quarter. GAMMA Investing LLC now owns 1,873,435 shares of the semiconductor manufacturer’s stock valued at $162,783,000 after acquiring an additional 1,855,541 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Micron Technology by 26.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after acquiring an additional 1,416,174 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Sumit Sadana sold 92,638 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $125.49, for a total value of $11,625,142.62. Following the transaction, the executive vice president owned 201,326 shares of the company’s stock, valued at $25,264,399.74. This represents a 31.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Manish H. Bhatia sold 80,000 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $123.16, for a total value of $9,852,800.00. Following the completion of the transaction, the executive vice president directly owned 275,067 shares in the company, valued at approximately $33,877,251.72. This represents a 22.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,946 shares of company stock valued at $32,306,159 over the last quarter. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MU. Barclays upped their price objective on Micron Technology from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday. Robert W. Baird increased their target price on Micron Technology from $163.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, June 27th. Wells Fargo & Company increased their target price on Micron Technology from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, June 26th. JPMorgan Chase & Co. increased their target price on Micron Technology from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. Finally, Needham & Company LLC restated a “buy” rating and set a $150.00 target price on shares of Micron Technology in a research report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $165.54.

Micron Technology Trading Up 1.2%

Micron Technology stock opened at $164.62 on Tuesday. The stock has a market cap of $184.23 billion, a P/E ratio of 29.66 and a beta of 1.47. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $170.45. The firm’s fifty day moving average price is $124.74 and its 200-day moving average price is $106.27. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.34. The firm had revenue of $9.30 billion for 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 prior year, the firm posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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