Micron Technology (NASDAQ:MU) Stock Price Down 4.8% on Insider Selling

Micron Technology, Inc. (NASDAQ:MU)’s stock price fell 4.8% during trading on Tuesday after an insider sold shares in the company. The stock traded as low as $238.79 and last traded at $241.11. 22,480,037 shares were traded during mid-day trading, a decline of 4% from the average session volume of 23,377,152 shares. The stock had previously closed at $253.30.

Specifically, CEO Sanjay Mehrotra sold 3,743 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $233.39, for a total transaction of $873,578.77. Following the completion of the sale, the chief executive officer owned 396,578 shares in the company, valued at approximately $92,557,339.42. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 8,757 shares of Micron Technology stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $241.34, for a total value of $2,113,414.38. Following the completion of the transaction, the chief executive officer owned 400,321 shares in the company, valued at $96,613,470.14. This trade represents a 2.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MU. New Street Research reaffirmed a “neutral” rating on shares of Micron Technology in a report on Tuesday, October 14th. Susquehanna raised their target price on shares of Micron Technology from $160.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, September 17th. Raymond James Financial lifted their target price on shares of Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Barclays raised their price objective on shares of Micron Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Wells Fargo & Company boosted their target price on Micron Technology from $220.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Five analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus target price of $205.64.

Micron Technology Stock Down 4.8%

The firm’s fifty day simple moving average is $186.46 and its 200-day simple moving average is $136.69. The company has a market cap of $270.64 billion, a PE ratio of 31.77, a P/E/G ratio of 0.51 and a beta of 1.62. The company has a quick ratio of 1.79, a current ratio of 2.52 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, 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 previous year, the firm posted $1.18 earnings per share. The company’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. As a group, equities research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were paid a dividend of $0.115 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology’s payout ratio is currently 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. American Capital Advisory LLC raised its stake in shares of Micron Technology by 20.4% in the 3rd quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock valued at $46,000 after acquiring an additional 46 shares during the period. Teamwork Financial Advisors LLC increased its holdings in Micron Technology by 0.4% in 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 in the last quarter. Blue Trust Inc. lifted its stake in shares of Micron Technology by 0.5% during the third quarter. Blue Trust Inc. now owns 10,633 shares of the semiconductor manufacturer’s stock worth $1,779,000 after purchasing an additional 53 shares in the last quarter. Lodestone Wealth Management LLC boosted its position in shares of Micron Technology by 3.2% in the third quarter. Lodestone Wealth Management LLC now owns 1,693 shares of the semiconductor manufacturer’s stock worth $283,000 after buying an additional 53 shares during the period. Finally, Allen Capital Group LLC boosted its position in shares of Micron Technology by 1.2% in the third quarter. Allen Capital Group LLC now owns 4,554 shares of the semiconductor manufacturer’s stock worth $762,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

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.