Senator (R-Florida) recently bought shares of Micron Technology, Inc. NASDAQ: MU. In a filing disclosed on February 21st, the Senator disclosed that they had bought between $50,001 and $100,000 in Micron Technology stock on January 22nd.
Senator also recently made the following trade(s):
- Purchased $50,001 - $100,000 in shares of Howmet Aerospace NYSE: HWM on 1/22/2025.
- Purchased $100,001 - $250,000 in shares of Applied Materials NASDAQ: AMAT on 1/22/2025.
- Sold $50,001 - $100,000 in shares of Okta NASDAQ: OKTA on 1/21/2025.
Micron Technology Price Performance
Shares of MU opened at $98.78 on Friday. The stock has a market cap of $110.06 billion, a PE ratio of 28.47 and a beta of 1.18. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 2.72. Micron Technology, Inc. has a fifty-two week low of $83.54 and a fifty-two week high of $157.54. The firm's 50-day simple moving average is $96.28 and its two-hundred day simple moving average is $98.82.
Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.19. The business had revenue of $8.71 billion for the quarter, compared to analysts' expectations of $8.71 billion. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The business's revenue was up 84.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.95) earnings per share. Analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.
Micron Technology Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Monday, December 30th. Micron Technology's dividend payout ratio (DPR) is presently 13.26%.
Institutional Trading of Micron Technology
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Micron Technology by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 99,857,205 shares of the semiconductor manufacturer's stock worth $8,403,982,000 after purchasing an additional 888,087 shares in the last quarter. State Street Corp grew its stake in Micron Technology by 3.1% during the third quarter. State Street Corp now owns 48,226,710 shares of the semiconductor manufacturer's stock valued at $5,001,592,000 after acquiring an additional 1,434,568 shares in the last quarter. FMR LLC grew its stake in Micron Technology by 34.6% during the fourth quarter. FMR LLC now owns 47,672,462 shares of the semiconductor manufacturer's stock valued at $4,012,114,000 after acquiring an additional 12,249,341 shares in the last quarter. Capital World Investors grew its stake in Micron Technology by 63.7% during the fourth quarter. Capital World Investors now owns 41,096,391 shares of the semiconductor manufacturer's stock valued at $3,458,673,000 after acquiring an additional 15,993,036 shares in the last quarter. Finally, Primecap Management Co. CA grew its stake in Micron Technology by 0.6% during the third quarter. Primecap Management Co. CA now owns 37,631,860 shares of the semiconductor manufacturer's stock valued at $3,902,800,000 after acquiring an additional 206,499 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Micron Technology
In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $85.21, for a total transaction of $416,676.90. Following the completion of the transaction, the executive vice president now owns 181,223 shares in the company, valued at $15,442,011.83. This trade represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
MU has been the topic of several analyst reports. UBS Group dropped their target price on shares of Micron Technology from $135.00 to $125.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. Barclays dropped their target price on shares of Micron Technology from $145.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, December 20th. China Renaissance initiated coverage on shares of Micron Technology in a research note on Monday, October 28th. They issued a "buy" rating and a $148.00 target price on the stock. Morgan Stanley dropped their target price on shares of Micron Technology from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 28th. Finally, Piper Sandler dropped their target price on shares of Micron Technology from $150.00 to $120.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and an average target price of $134.96.
Read Our Latest Research Report on MU
About Senator
About Micron Technology
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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.
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