MassMutual Private Wealth & Trust FSB Decreases Holdings in Micron Technology, Inc. $MU

MassMutual Private Wealth & Trust FSB cut its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 12.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,538 shares of the semiconductor manufacturer’s stock after selling 491 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Micron Technology were worth $436,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. HMS Capital Management LLC increased its stake in shares of Micron Technology by 0.6% in the second quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock worth $2,375,000 after buying an additional 107 shares during the period. D.B. Root & Company LLC increased its stake in shares of Micron Technology by 3.7% in the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock worth $262,000 after buying an additional 108 shares during the period. Rise Advisors LLC increased its stake in shares of Micron Technology by 5.3% in the first quarter. Rise Advisors LLC now owns 2,373 shares of the semiconductor manufacturer’s stock worth $206,000 after buying an additional 120 shares during the period. Orca Wealth Management LLC increased its stake in shares of Micron Technology by 1.5% in the first quarter. Orca Wealth Management LLC now owns 8,485 shares of the semiconductor manufacturer’s stock worth $737,000 after buying an additional 129 shares during the period. Finally, Sunpointe LLC increased its stake in shares of Micron Technology by 4.0% in the first quarter. Sunpointe LLC now owns 3,443 shares of the semiconductor manufacturer’s stock worth $300,000 after buying an additional 131 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Up 5.6%

NASDAQ MU opened at $168.89 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. The company has a market capitalization of $189.01 billion, a P/E ratio of 30.43 and a beta of 1.47. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $170.45. The stock has a 50 day moving average price of $123.05 and a 200-day moving average price of $105.09.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.34. The firm had revenue of $9.30 billion during 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 period in the prior year, the company earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, equities analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were issued 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 is presently 8.29%.

Insider Activity at Micron Technology

In related news, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $125.15, for a total transaction of $876,050.00. Following the sale, the director owned 22,762 shares in the company, valued at approximately $2,848,664.30. This represents a 23.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total value of $3,716,880.00. Following the sale, the chief financial officer owned 264,036 shares in the company, valued at $28,864,415.52. The trade was a 11.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 275,946 shares of company stock worth $34,242,567 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

MU has been the topic of several analyst reports. Piper Sandler lifted their target price on shares of Micron Technology from $120.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Wolfe Research lifted their target price on shares of Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday. Cantor Fitzgerald lifted their target price on shares of Micron Technology from $155.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday. The Goldman Sachs Group began coverage on shares of Micron Technology in a report on Thursday, July 10th. They issued a “neutral” rating and a $130.00 price target on the stock. Finally, KeyCorp lifted their price target on shares of Micron Technology from $135.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $161.00.

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.