Micron Technology, Inc. $MU Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,777,026 shares of the semiconductor manufacturer’s stock after selling 77,888 shares during the quarter. California Public Employees Retirement System owned 0.16% of Micron Technology worth $219,018,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MU. Orleans Capital Management Corp LA acquired a new stake in shares of Micron Technology during the 2nd quarter worth about $256,000. Wealthspire Advisors LLC raised its position in shares of Micron Technology by 27.8% in the second quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock valued at $1,818,000 after buying an additional 3,208 shares during the last quarter. KLP Kapitalforvaltning AS lifted its stake in shares of Micron Technology by 6.2% during the second quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock valued at $49,683,000 after buying an additional 23,600 shares during the period. WealthBridge Capital Management LLC acquired a new stake in Micron Technology during the second quarter worth approximately $210,000. Finally, Achmea Investment Management B.V. acquired a new stake in Micron Technology during the second quarter worth approximately $3,759,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Stock Performance

Micron Technology stock opened at $237.22 on Monday. The company has a market cap of $266.67 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 0.50 and a beta of 1.54. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $260.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The stock’s 50-day moving average is $215.54 and its 200-day moving average is $154.87.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the previous year, the business earned $1.18 EPS. The company’s revenue for the quarter 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 analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were given a $0.115 dividend. 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 dividend payout ratio is presently 6.06%.

Insider Buying and Selling at Micron Technology

In related news, CEO Sanjay Mehrotra sold 22,500 shares of Micron Technology stock in a transaction on Monday, October 27th. The shares were sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the transaction, the chief executive officer owned 446,578 shares in the company, valued at approximately $98,568,696.16. The trade was a 4.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the sale, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 399,852 shares of company stock worth $84,048,737. 0.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on MU. Deutsche Bank Aktiengesellschaft boosted their price target on Micron Technology from $175.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Wolfe Research upped their target price on Micron Technology from $200.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. CLSA initiated coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price objective for the company. Finally, Stifel Nicolaus increased their price objective on shares of Micron Technology from $173.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Five research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Micron Technology has a consensus rating of “Buy” and an average price target of $221.46.

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.