Sen. John Boozman Sells Off Shares of Micron Technology, Inc. (NASDAQ:MU)

Senator John Boozman (R-Arkansas) recently sold shares of Micron Technology, Inc. (NASDAQ:MU). In a filing disclosed on July 09th, the Senator disclosed that they had sold between $1,001 and $15,000 in Micron Technology stock on June 11th.

Senator John Boozman also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 6/11/2025.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 6/11/2025.
• Purchased $1,001 – $15,000 in shares of Invesco Short Term Treasury ETF (NYSEARCA:TBLL) on 6/11/2025.
• Sold $1,001 – $15,000 in shares of Fortune Brands Innovations (NYSE:FBIN) on 5/30/2025.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 5/30/2025.
• Purchased $1,001 – $15,000 in shares of RTX (NYSE:RTX) on 5/30/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 5/20/2025.
• Sold $1,001 – $15,000 in shares of NRG Energy (NYSE:NRG) on 5/20/2025.
• Sold $1,001 – $15,000 in shares of General Dynamics (NYSE:GD) on 5/20/2025.
• Sold $1,001 – $15,000 in shares of DTE Energy (NYSE:DTE) on 5/20/2025.

Micron Technology Stock Up 1.0%

NASDAQ:MU opened at $114.39 on Friday. The firm has a market capitalization of $128.02 billion, a PE ratio of 20.61 and a beta of 1.35. The stock has a 50 day moving average of $111.39 and a 200-day moving average of $97.01. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $129.85. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating the consensus estimate of $1.57 by $0.34. The firm had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%. During the same period last year, the firm earned $0.62 EPS. Analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Monday, July 7th will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Monday, July 7th. Micron Technology’s dividend payout ratio is currently 8.29%.

Insider Transactions at Micron Technology

In related news, Director Steven J. Gomo sold 7,000 shares of the company’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $125.15, for a total value of $876,050.00. Following the completion of the transaction, the director directly owned 22,762 shares of the company’s stock, valued at approximately $2,848,664.30. This represents a 23.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 148,167 shares in the company, valued at $18,538,655.04. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 254,446 shares of company stock worth $31,154,717 over the last ninety days. 0.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Piper Sandler lifted their price objective on Micron Technology from $120.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, June 26th. Cantor Fitzgerald raised their target price on Micron Technology from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, June 26th. Needham & Company LLC raised their target price on Micron Technology from $120.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, June 26th. Citigroup raised their target price on Micron Technology from $130.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, June 26th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Micron Technology in a report on Thursday, July 10th. They set a “buy” rating and a $150.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Micron Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.44.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MU. Norges Bank bought a new position in Micron Technology in the 4th quarter worth approximately $1,470,875,000. Capital World Investors raised its position in Micron Technology by 63.7% in the 4th quarter. Capital World Investors now owns 41,096,391 shares of the semiconductor manufacturer’s stock worth $3,458,673,000 after purchasing an additional 15,993,036 shares during the last quarter. FMR LLC raised its position in Micron Technology by 34.6% in the 4th quarter. FMR LLC now owns 47,672,462 shares of the semiconductor manufacturer’s stock worth $4,012,114,000 after purchasing an additional 12,249,341 shares during the last quarter. Capital Research Global Investors raised its position in Micron Technology by 139.7% in the 4th quarter. Capital Research Global Investors now owns 16,281,620 shares of the semiconductor manufacturer’s stock worth $1,370,280,000 after purchasing an additional 9,489,579 shares during the last quarter. Finally, Capital International Investors raised its position in Micron Technology by 36.3% in the 4th quarter. Capital International Investors now owns 16,437,080 shares of the semiconductor manufacturer’s stock worth $1,383,442,000 after purchasing an additional 4,375,232 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas’ U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman’s academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

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.