Fairvoy Private Wealth LLC Makes New $500,000 Investment in Micron Technology, Inc. $MU

Fairvoy Private Wealth LLC acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,480 shares of the semiconductor manufacturer’s stock, valued at approximately $500,000.

A number of other large investors have also recently made changes to their positions in MU. Capital Advisors Ltd. LLC grew its stake 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 during the last quarter. Manning & Napier Advisors LLC increased its holdings in shares of Micron Technology by 2.4% in the fourth quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock valued at $301,000 after purchasing an additional 24 shares during the period. SWAN Capital LLC raised its stake in shares of Micron Technology by 9.7% in the fourth quarter. SWAN Capital LLC now owns 271 shares of the semiconductor manufacturer’s stock worth $77,000 after purchasing an additional 24 shares during the last quarter. Vivaldi Capital Management LP raised its stake in shares of Micron Technology by 1.2% in the fourth quarter. Vivaldi Capital Management LP now owns 1,964 shares of the semiconductor manufacturer’s stock worth $561,000 after purchasing an additional 24 shares during the last quarter. Finally, Essex Bank lifted its holdings in shares of Micron Technology by 2.0% during the first quarter. Essex Bank now owns 1,252 shares of the semiconductor manufacturer’s stock worth $423,000 after purchasing an additional 24 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Up 15.7%

Shares of MU stock opened at $1,213.56 on Friday. Micron Technology, Inc. has a twelve month low of $103.38 and a twelve month high of $1,255.00. The stock has a market cap of $1.37 trillion, a P/E ratio of 27.47 and a beta of 2.16. The stock has a 50 day moving average of $803.70 and a 200 day moving average of $520.37. 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 (NASDAQ:MU) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 82.33% and a net margin of 55.91%.The business’s quarterly revenue was up 345.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, sell-side analysts expect that Micron Technology, Inc. will post 60.62 EPS for the current year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 6th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.0%. Micron Technology’s dividend payout ratio is 2.83%.

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the sale, the executive vice president directly owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. This trade represents a 24.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction on 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 completion of the sale, the executive vice president directly owned 224,021 shares in the company, valued at $94,391,248.35. This represents a 9.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 146,000 shares of company stock valued at $85,486,715. 0.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MU has been the topic of a number of recent research reports. Rosenblatt Securities upped their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday. Summit Insights cut shares of Micron Technology from a “buy” rating to a “hold” rating in a research note on Thursday, March 19th. Morgan Stanley upped their price objective on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank Of Canada increased their price objective on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Sanford C. Bernstein set a $1,300.00 target price on shares of Micron Technology in a report on Monday. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $1,228.30.

Key Micron Technology News

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

• Positive Sentiment: Micron said customers have committed to about $22 billion in memory-chip purchases and signed long-term strategic agreements, improving visibility and reducing concerns about the usual boom-bust cycle.
• Positive Sentiment: Analysts across Wall Street raised price targets and reiterated bullish ratings, citing strong HBM and DRAM demand, tight supply, and better-than-expected margin expansion.
• Positive Sentiment: The earnings report sparked a broader rally in semiconductor stocks globally, helping sentiment across the AI and memory space.
• Positive Sentiment: Micron’s results also reignited the argument that AI infrastructure spending is creating a multi-year shortage in memory, which could support pricing power and earnings growth.
• Neutral Sentiment: Micron declared a quarterly dividend of $0.15 per share, which is a routine capital-return update and not a major driver of the stock move.

About Micron Technology

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.