Somerset Trust Co Purchases 321 Shares of Micron Technology, Inc. $MU

Somerset Trust Co lifted its position in Micron Technology, Inc. (NASDAQ:MU) by 3.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 8,873 shares of the semiconductor manufacturer’s stock after acquiring an additional 321 shares during the quarter. Somerset Trust Co’s holdings in Micron Technology were worth $1,094,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sunbeam Capital Management LLC bought a new stake in shares of Micron Technology in the 4th quarter worth $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Micron Technology in the 1st quarter worth $33,000. AllSquare Wealth Management LLC grew its position in Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $35,000 after buying an additional 200 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new position in Micron Technology during the first quarter valued at about $36,000. Finally, Roxbury Financial LLC grew its position in Micron Technology by 306.1% during the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer’s stock valued at $37,000 after buying an additional 300 shares during the period. Institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $157.23 on Friday. 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 firm has a market capitalization of $175.96 billion, a PE ratio of 28.33 and a beta of 1.47. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $158.28. The company has a 50-day moving average price of $119.94 and a two-hundred day moving average price of $103.25.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.83 billion. During the same period 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 analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, July 7th. Micron Technology’s dividend payout ratio is presently 8.29%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MU shares. JPMorgan Chase & Co. increased their price target 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 increased their price target on shares of Micron Technology from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, June 26th. KGI Securities lowered shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 23rd. Wall Street Zen lowered shares of Micron Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Wells Fargo & Company increased their price target on shares of Micron Technology from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $151.76.

Insider Transactions at Micron Technology

In other news, CEO Sanjay Mehrotra sold 7,500 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $140.58, for a total value of $1,054,350.00. Following the sale, the chief executive officer directly owned 355,148 shares of the company’s stock, valued at approximately $49,926,705.84. This represents a 2.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Manish H. Bhatia sold 80,000 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the completion of the sale, the executive vice president directly owned 275,067 shares in the company, valued at approximately $33,877,251.72. The trade was a 22.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 275,946 shares of company stock valued at $33,962,819. Company insiders own 0.30% of the company’s stock.

Micron Technology Company 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.