Micron Technology (NASDAQ:MU) Trading Down 1.9% After Insider Selling

Micron Technology, Inc. (NASDAQ:MU) dropped 1.9% on Wednesday following insider selling activity. The stock traded as low as $192.40 and last traded at $198.47. Approximately 21,870,649 shares were traded during trading, a decline of 6% from the average daily volume of 23,388,990 shares. The stock had previously closed at $202.29.

Specifically, CEO Sanjay Mehrotra sold 19,761 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $203.12, for a total value of $4,013,854.32. Following the transaction, the chief executive officer owned 469,078 shares in the company, valued at $95,279,123.36. The trade was a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 2,739 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $211.19, for a total transaction of $578,449.41. Following the transaction, the chief executive officer owned 488,839 shares in the company, valued at $103,237,908.41. This represents a 0.56% decrease in their position. The disclosure for this sale can be found here. In other news, CAO Scott R. Allen sold 8,800 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the transaction, the chief accounting officer owned 40,237 shares in the company, valued at approximately $8,450,574.74. This represents a 17.95% 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 link.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MU shares. Cantor Fitzgerald upped their price objective on shares of Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Zacks Research upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. UBS Group upped their price objective on shares of Micron Technology from $225.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Wells Fargo & Company upped their price objective on shares of Micron Technology from $170.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Finally, New Street Research reiterated a “neutral” rating on shares of Micron Technology in a report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $200.64.

Micron Technology Stock Down 1.9%

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The stock’s fifty day moving average is $155.84 and its two-hundred day moving average is $120.12. The company has a market cap of $222.78 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 0.45 and a beta of 1.56.

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

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s dividend payout ratio is presently 6.06%.

Institutional Investors Weigh In On Micron Technology

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Micron Technology by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after purchasing an additional 1,973,294 shares in the last quarter. State Street Corp grew its position in shares of Micron Technology by 2.7% during the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock valued at $6,331,795,000 after acquiring an additional 1,349,713 shares during the period. Geode Capital Management LLC grew its position in shares of Micron Technology by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock valued at $3,152,974,000 after acquiring an additional 314,489 shares during the period. Norges Bank bought a new position in shares of Micron Technology during the 2nd quarter valued at approximately $1,980,700,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after acquiring an additional 2,038,641 shares during the period. 80.84% of the stock is owned by institutional investors.

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.