Monetary Management Group Inc. Reduces Holdings in Micron Technology, Inc. $MU

Monetary Management Group Inc. cut its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 4.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,200 shares of the semiconductor manufacturer’s stock after selling 200 shares during the quarter. Monetary Management Group Inc.’s holdings in Micron Technology were worth $365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of MU. Sunbeam Capital Management LLC purchased a new stake in Micron Technology during the 4th quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new stake in Micron Technology during the 1st quarter valued at about $33,000. AllSquare Wealth Management LLC boosted its holdings in Micron Technology by 100.0% during 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 Micron Technology during the 1st quarter valued at about $36,000. Finally, Roxbury Financial LLC boosted its holdings in Micron Technology by 306.1% during 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 currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. KeyCorp increased their target price on Micron Technology from $135.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, June 26th. UBS Group increased 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. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price objective on shares of Micron Technology in a report on Monday, August 11th. JPMorgan Chase & Co. increased their price objective on Micron Technology from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Finally, Wells Fargo & Company increased 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 equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $147.24.

Insider Transactions at Micron Technology

In related news, EVP Sumit Sadana sold 92,638 shares of the firm’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the completion of the sale, the executive vice president owned 201,326 shares of the company’s stock, valued at $25,264,399.74. This trade represents a 31.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the 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 sale, the chief financial officer 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 quarter, insiders have sold 286,042 shares of company stock valued at $34,679,277. 0.30% of the stock is currently owned by insiders.

Micron Technology Trading Down 1.2%

MU opened at $115.79 on Friday. The stock has a market cap of $129.58 billion, a PE ratio of 20.86 and a beta of 1.37. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average of $118.44 and a 200-day moving average of $99.86. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $129.85.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.34. The company had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.During the same quarter last year, the business posted $0.62 EPS. 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 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were paid 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 was Monday, July 7th. Micron Technology’s dividend payout ratio (DPR) is currently 8.29%.

Micron Technology 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.