Friedenthal Financial Purchases New Position in Micron Technology, Inc. $MU

Friedenthal Financial acquired a new position in Micron Technology, Inc. (NASDAQ:MU) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 3,223 shares of the semiconductor manufacturer’s stock, valued at approximately $1,089,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Advisors Ltd. LLC raised its position in Micron Technology by 10.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 247 shares of the semiconductor manufacturer’s stock valued at $83,000 after purchasing an additional 23 shares in the last quarter. Manning & Napier Advisors LLC grew its position in shares of Micron Technology by 2.4% during the 4th quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock worth $301,000 after buying an additional 24 shares in the last quarter. Essex Bank grew its position in shares of Micron Technology by 2.0% during the 1st quarter. Essex Bank now owns 1,252 shares of the semiconductor manufacturer’s stock worth $423,000 after buying an additional 24 shares in the last quarter. SWAN Capital LLC increased its stake in shares of Micron Technology by 9.7% during the fourth quarter. SWAN Capital LLC now owns 271 shares of the semiconductor manufacturer’s stock valued at $77,000 after buying an additional 24 shares during the period. Finally, Vivaldi Capital Management LP increased its stake in shares of Micron Technology by 1.2% during the fourth quarter. Vivaldi Capital Management LP now owns 1,964 shares of the semiconductor manufacturer’s stock valued at $561,000 after buying an additional 24 shares during the period. Institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets

In other news, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the sale, the director owned 17,139 shares in the company, valued at approximately $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 24,000 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the transaction, the executive vice president owned 224,021 shares in the company, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 146,000 shares of company stock valued at $85,486,715. 0.24% of the stock is owned by corporate insiders.

More Micron Technology News

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Micron reported fiscal Q3 revenue of $41.46 billion and non-GAAP EPS of $25.11, both far above Wall Street estimates, showing that AI-related memory demand is still accelerating. Article Title
• Positive Sentiment: The company issued stronger-than-expected Q4 guidance, with revenue and EPS forecasts well above consensus, signaling that the growth trajectory may continue into the next quarter. Article Title
• Positive Sentiment: Several reports highlighted Micron’s record margins and “blowout” results, with bullish commentary saying the AI trade is still alive and that pricing power is improving as memory shortages persist. Article Title
• Positive Sentiment: Analysts responded with higher price targets and upgrades, reinforcing confidence that Micron’s AI-driven earnings power may justify a richer valuation. Article Title
• Neutral Sentiment: The stock had been volatile ahead of earnings because of a broader tech sell-off and concerns that AI spending was getting overheated, so expectations were very high going into the report. Article Title
• Neutral Sentiment: Micron’s elevated capital spending plans and some analyst warnings suggest investors may still watch closely for signs that the memory boom cools or margins normalize later on. Article Title

Micron Technology Price Performance

NASDAQ MU opened at $1,037.93 on Thursday. The firm’s fifty day simple moving average is $788.74 and its two-hundred day simple moving average is $513.50. The firm has a market capitalization of $1.17 trillion, a P/E ratio of 49.01 and a beta of 2.16. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,213.56.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating the consensus estimate of $20.98 by $4.13. The firm had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business’s revenue for the quarter was up 345.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Analysts forecast that Micron Technology, Inc. will post 60.34 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 6th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, July 6th. Micron Technology’s dividend payout ratio is currently 2.83%.

Analysts Set New Price Targets

A number of analysts recently weighed in on MU shares. Cantor Fitzgerald upped their price objective on shares of Micron Technology from $700.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Sanford C. Bernstein set a $1,300.00 target price on shares of Micron Technology in a research report on Monday. Erste Group Bank downgraded shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Melius Research initiated coverage on shares of Micron Technology in a report on Monday, April 27th. They issued a “buy” rating and a $700.00 price target for the company. Finally, Bank of America upped their price target on shares of Micron Technology from $950.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $1,084.80.

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.