Integrity Alliance LLC. Boosts Stake in Micron Technology, Inc. $MU

Integrity Alliance LLC. increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 278.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,901 shares of the semiconductor manufacturer’s stock after acquiring an additional 15,384 shares during the period. Integrity Alliance LLC.’s holdings in Micron Technology were worth $1,816,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. D.B. Root & Company LLC boosted its position in Micron Technology by 3.7% during the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock worth $262,000 after purchasing an additional 108 shares in the last quarter. Rise Advisors LLC lifted its position in shares of Micron Technology by 5.3% during the 1st quarter. Rise Advisors LLC now owns 2,373 shares of the semiconductor manufacturer’s stock valued at $206,000 after buying an additional 120 shares in the last quarter. Orca Wealth Management LLC lifted its position in shares of Micron Technology by 1.5% during the 1st quarter. Orca Wealth Management LLC now owns 8,485 shares of the semiconductor manufacturer’s stock valued at $737,000 after buying an additional 129 shares in the last quarter. Sunpointe LLC grew its stake in Micron Technology by 4.0% in the 1st quarter. Sunpointe LLC now owns 3,443 shares of the semiconductor manufacturer’s stock valued at $300,000 after acquiring an additional 131 shares during the period. Finally, Foundations Investment Advisors LLC increased its holdings in Micron Technology by 2.1% in the 1st quarter. Foundations Investment Advisors LLC now owns 6,561 shares of the semiconductor manufacturer’s stock worth $570,000 after acquiring an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Up 3.5%

Shares of Micron Technology stock opened at $140.00 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. The stock’s 50 day simple moving average is $118.66 and its 200-day simple moving average is $102.39. The stock has a market cap of $156.68 billion, a P/E ratio of 25.23 and a beta of 1.47. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $142.24.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.34. The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate 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 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, July 7th. Micron Technology’s dividend payout ratio (DPR) is presently 8.29%.

Analyst Upgrades and Downgrades

MU has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Micron Technology from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, August 12th. TD Cowen raised their price target on shares of Micron Technology from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, June 26th. Barclays lifted their price objective on Micron Technology from $95.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, June 26th. Mizuho increased their target price on Micron Technology from $124.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, June 5th. Finally, Citigroup raised their target price on Micron Technology from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $147.54.

Insider Activity at Micron Technology

In other news, EVP Scott J. Deboer sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $125.11, for a total value of $2,502,200.00. Following the completion of the sale, the executive vice president owned 166,353 shares of the company’s stock, valued at $20,812,423.83. This represents a 10.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Manish H. Bhatia sold 80,000 shares of the company’s stock in a transaction that occurred 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 owned 275,067 shares in the company, valued at $33,877,251.72. This represents a 22.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 268,446 shares of company stock valued at $32,908,469 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

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.