Micron Technology, Inc. $MU Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC trimmed its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 18.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,427 shares of the semiconductor manufacturer’s stock after selling 6,250 shares during the period. Belpointe Asset Management LLC’s holdings in Micron Technology were worth $2,383,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

In related news, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $125.12, for a total transaction of $1,876,800.00. Following the transaction, the executive vice president owned 148,167 shares in the company, valued at approximately $18,538,655.04. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Sumit Sadana sold 92,638 shares of Micron Technology stock in a transaction that occurred 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 in the company, valued at approximately $25,264,399.74. The trade was a 31.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 268,446 shares of company stock valued at $32,908,469 in the last 90 days. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on MU. KeyCorp raised their target price on Micron Technology from $135.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, June 26th. The Goldman Sachs Group started coverage on Micron Technology in a report on Thursday, July 10th. They issued a “neutral” rating and a $130.00 price objective on the stock. UBS Group raised their price objective on Micron Technology from $120.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, June 26th. Raymond James Financial raised their price objective on Micron Technology from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, June 26th. Finally, Arete Research raised Micron Technology to a “strong-buy” rating in a report on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Micron Technology presently has an average rating of “Moderate Buy” and a consensus price target of $147.54.

Micron Technology Stock Performance

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

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.34. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.83 billion. 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. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business 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. The ex-dividend date was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.3%. Micron Technology’s dividend payout ratio (DPR) is presently 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.