SWS Partners Increases Investment in Micron Technology
SWS Partners increased its stake in Micron Technology, Inc. (NASDAQ:MU) by 30.8% during the fourth quarter of 2024, according to the company’s filing with the Securities & Exchange Commission. The purchase of an additional 4,945 shares brings the fund’s total holdings in the semiconductor manufacturer to 20,998 shares. These shares were valued at $1.77 million as of the most recent SEC filing.
Other institutional investors have also adjusted their positions in Micron Technology recently.
Stonebrook Private Inc. increased its holdings by 4.2%, now owning 2,454 shares worth $255,000 after acquiring 98 shares. John G Ullman & Associates Inc. boosted its stake by 2.5% to 4,063 shares, valued at $421,000, following the purchase of 100 shares. Trivant Custom Portfolio Group LLC increased its holdings by 20.0% during the fourth quarter, bringing its ownership to 600 shares, or $50,000, after acquiring 100 shares. PDS Planning Inc. increased its Micron Technology holdings by 2.4% to 4,382 shares valued at $454,000 after acquiring 104 shares in the last quarter. Finally, Xcel Wealth Management LLC increased its position in Micron Technology by 1.8%, owning 6,157 shares worth $518,000 after buying an additional 108 shares in the fourth quarter.
Institutional investors and hedge funds collectively own 80.84% of the company’s stock.
Micron Technology’s Recent Performance and Financial Data
On Friday, the stock, which trades under the ticker symbol MU on the NASDAQ, closed at $92.96, up $3.69 for the day. The trading volume of 19,124,262 shares was slightly below the average volume of 22,173,117 shares.
The company’s 50-day moving average is currently at $95.90, with the 200-day moving average at $98.54. Micron Technology’s market capitalization stands at $103.57 billion, with a PE ratio of 26.79 and a beta of 1.18. The stock has a 52-week low of $83.54 and a 52-week high of $157.54.
Micron Technology last reported quarterly earnings on December 18th, 2024, announcing earnings per share of $1.79, exceeding analysts’ expectations of $1.60 by $0.19. Revenue for the quarter was reported at $8.71 billion, meeting the consensus estimate. The company’s return on equity was 8.32%, with a net margin of 13.34%. Revenue experienced an 84.3% year-over-year increase. Analysts predict that Micron Technology will post $6.08 earnings per share for the current fiscal year.
Dividend Announcements and Analyst Ratings
The company also announced and paid a quarterly dividend of $0.115 per share on January 15th, 2025, to shareholders of record on December 30th, 2024. This represents a $0.46 dividend on an annualized basis, with a dividend yield of 0.49%. The dividend payout ratio is 13.26%.
A number of equity analysts have shared their reports on MU shares. Stifel Nicolaus lowered its price objective from $135.00 to $130.00, maintaining a “buy” rating. Mizuho decreased its price target from $135.00 to $115.00, but maintained an “outperform” rating. JPMorgan Chase & Co. reduced its price target from $180.00 to $145.00, while maintaining an “overweight” rating. Robert W. Baird lowered their price objective from $150.00 to $130.00, assigning an “outperform” rating. Needham & Company LLC reduced its target price from $140.00 to $120.00, maintaining a “buy” rating.
MarketBeat.com reports a consensus “Moderate Buy” rating for the stock, with an average target price of $134.96.
Insider Activity
In other company news, Director Mary Pat Mccarthy sold 2,404 shares on March 3rd, 2025, at an average price of $92.93, for a total transaction of $223,403.72. Following this transaction, Mccarthy owns 27,358 shares, valued at roughly $2,542,378.94. This represents an 8.08% reduction in her position. EVP April S. Arnzen sold 4,890 shares of the firm’s stock on December 20, 2024, at an average price of $85.21, for a total of $416,676.90. Following this sale, Arnzen owns 181,223 shares, valued at approximately $15,442,011.83. This reflects a 2.63% decrease in her position. Insiders own 0.30% of the company’s stock.
