Micron Technology (NASDAQ:MU) Stock Price Down 7.1% Following Insider Selling

Micron Technology, Inc. (NASDAQ:MU)’s share price fell 7.1% during mid-day trading on Tuesday after an insider sold shares in the company. The stock traded as low as $217.40 and last traded at $218.03. 23,095,344 shares were traded during mid-day trading, a decline of 1% from the average session volume of 23,238,734 shares. The stock had previously closed at $234.70.

Specifically, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the sale, the chief financial officer owned 219,693 shares in the company, valued at approximately $49,499,029.83. This trade represents a 36.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 10,602 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $225.23, for a total transaction of $2,387,888.46. Following the completion of the transaction, the chief executive officer directly owned 409,078 shares of the company’s stock, valued at approximately $92,136,637.94. The trade was a 2.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other news, CEO Sanjay Mehrotra sold 11,898 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $230.53, for a total transaction of $2,742,845.94. Following the completion of the transaction, the chief executive officer owned 419,680 shares of the company’s stock, valued at approximately $96,748,830.40. This trade represents a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Itau BBA Securities assumed coverage on shares of Micron Technology in a research report on Tuesday, October 7th. They set an “outperform” rating and a $249.00 price objective for the company. Citigroup raised their price target on shares of Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Piper Sandler raised their price target on shares of Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Rosenblatt Securities lifted their price objective on shares of Micron Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, Arete Research raised shares of Micron Technology to a “strong-buy” rating in a research report on Friday, July 18th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Micron Technology currently has a consensus rating of “Buy” and a consensus price target of $202.79.

Micron Technology Trading Down 7.1%

The stock has a market capitalization of $244.73 billion, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 0.51 and a beta of 1.56. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average price is $174.23 and its two-hundred day moving average price is $130.76.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share 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 firm had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same period in the previous year, the business posted $1.18 EPS. The business’s quarterly revenue was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. American Capital Advisory LLC increased its position in Micron Technology by 20.4% during the 3rd quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock valued at $46,000 after purchasing an additional 46 shares during the period. Teamwork Financial Advisors LLC increased its position in Micron Technology by 0.4% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer’s stock valued at $2,505,000 after purchasing an additional 53 shares during the period. Blue Trust Inc. increased its position in Micron Technology by 0.5% during the 3rd quarter. Blue Trust Inc. now owns 10,633 shares of the semiconductor manufacturer’s stock valued at $1,779,000 after purchasing an additional 53 shares during the period. Lodestone Wealth Management LLC increased its position in Micron Technology by 3.2% during the 3rd quarter. Lodestone Wealth Management LLC now owns 1,693 shares of the semiconductor manufacturer’s stock valued at $283,000 after purchasing an additional 53 shares during the period. Finally, Allen Capital Group LLC increased its position in Micron Technology by 1.2% during the 3rd quarter. Allen Capital Group LLC now owns 4,554 shares of the semiconductor manufacturer’s stock valued at $762,000 after purchasing an additional 54 shares during the period. 80.84% of the stock is owned by hedge funds and other 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.