Revolve Wealth Partners LLC Decreases Stock Position in Micron Technology, Inc. $MU

Revolve Wealth Partners LLC lowered its stake in Micron Technology, Inc. (NASDAQ:MU) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,779 shares of the semiconductor manufacturer’s stock after selling 115 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Micron Technology were worth $466,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Mission Wealth Management LP lifted its stake in Micron Technology by 195.2% in the 1st quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer’s stock worth $1,360,000 after purchasing an additional 10,348 shares in the last quarter. Stock Yards Bank & Trust Co. purchased a new stake in Micron Technology in the 1st quarter worth $228,000. Clarius Group LLC lifted its stake in Micron Technology by 57.9% in the 1st quarter. Clarius Group LLC now owns 14,238 shares of the semiconductor manufacturer’s stock worth $1,237,000 after purchasing an additional 5,220 shares in the last quarter. Kera Capital Partners Inc. purchased a new stake in Micron Technology in the 2nd quarter worth $211,000. Finally, Tcfg Wealth Management LLC purchased a new stake in Micron Technology in the 2nd quarter worth $208,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $192.77 on Tuesday. The company has a market capitalization of $216.38 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 0.40 and a beta of 1.56. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $201.00. The firm’s 50-day moving average is $144.50 and its 200 day moving average is $114.89. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting the consensus estimate of $2.86. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm’s revenue was up 46.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Friday, October 3rd will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, October 3rd. Micron Technology’s dividend payout ratio is presently 6.06%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Susquehanna boosted their target price on shares of Micron Technology from $160.00 to $200.00 and gave the stock a “positive” rating in a report on Wednesday, September 17th. Needham & Company LLC boosted their target price on shares of Micron Technology from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. CLSA assumed coverage on shares of Micron Technology in a report on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 target price on the stock. Rosenblatt Securities boosted their target price on shares of Micron Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, Wells Fargo & Company boosted their target price on shares of Micron Technology from $170.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Four research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $194.57.

Insider Activity

In related news, Director Richard M. Beyer sold 5,552 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $155.68, for a total transaction of $864,335.36. Following the transaction, the director directly owned 96,031 shares in the company, valued at approximately $14,950,106.08. This represents a 5.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,956 shares of company stock valued at $22,841,025. 0.30% of the stock is currently owned by company insiders.

About Micron Technology

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.