Micron Technology, Inc. $MU Stock Sold by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab lessened its stake in Micron Technology, Inc. (NASDAQ:MU) by 4.3% in the third quarter, HoldingsChannel reports. The firm owned 120,508 shares of the semiconductor manufacturer’s stock after selling 5,390 shares during the period. Micron Technology accounts for about 2.1% of Danica Pension Livsforsikringsaktieselskab’s holdings, making the stock its 9th biggest position. Danica Pension Livsforsikringsaktieselskab’s holdings in Micron Technology were worth $128,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. M.E. Allison & CO. Inc. boosted its holdings in Micron Technology by 0.8% during the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after buying an additional 11 shares during the last quarter. Purus Wealth Management LLC increased its stake in shares of Micron Technology by 1.4% in the 3rd quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer’s stock valued at $867,000 after acquiring an additional 11 shares during the last quarter. Ables Iannone Moore & Associates Inc. increased its stake in shares of Micron Technology by 5.3% in the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer’s stock valued at $252,000 after acquiring an additional 12 shares during the last quarter. Koesten Hirschmann & Crabtree INC. increased its stake in shares of Micron Technology by 5.6% in the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 228 shares of the semiconductor manufacturer’s stock valued at $243,000 after acquiring an additional 12 shares during the last quarter. Finally, Physician Wealth Advisors Inc. boosted its stake in Micron Technology by 1.6% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 762 shares of the semiconductor manufacturer’s stock worth $812,000 after acquiring an additional 12 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Down 2.5%

NASDAQ MU traded down $20.13 during trading hours on Friday, reaching $778.31. 27,749,501 shares of the company’s stock were exchanged, compared to its average volume of 30,791,856. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The company has a market capitalization of $880.60 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 0.14 and a beta of 2.36. The company’s 50-day moving average is $943.73 and its two-hundred day moving average is $764.29. Micron Technology, Inc. has a one year low of $192.59 and a one year high of $1,255.00.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. The firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business’s revenue was up 379.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, analysts forecast that Micron Technology, Inc. will post 174.19 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 14th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is presently 0.81%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MU. Weiss Ratings cut shares of Micron Technology from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $1,650.00 target price on shares of Micron Technology in a report on Thursday, October 22nd. TD Cowen reissued a “buy” rating and set a $1,600.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Itau BBA Securities boosted their price target on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,435.58.

Insider Buying and Selling

In related news, insider Scott Deboer sold 28,545 shares of the business’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the sale, the insider directly owned 147,430 shares of the company’s stock, valued at approximately $132,687,000. The trade was a 16.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 83,545 shares of company stock worth $78,460,850 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Trending Headlines about Micron Technology

These are some of the MU headlines that stood out recently:

• Positive Sentiment: Micron’s record results and strong outlook support the growth case: coverage cited roughly $61.5 billion in quarterly revenue guidance, while its latest reported quarterly sales rose about 380% year over year. AI-related demand and tight supply of high-bandwidth memory are key potential tailwinds. Micron Is Down 20% in a Month
• Positive Sentiment: ETF buying provided a modest demand signal, with 59 funds adding Micron shares and 14 selling on Wednesday, for reported net purchases of $137.7 million. ETFs Bought $137.7 Million of Micron
• Neutral Sentiment: Analysts and market commentary say a sustained recovery will depend on memory pricing and whether AI-driven demand holds up; Micron’s shares have also been unusually volatile, leaving sentiment fragile. Micron Stocks Fall as Nvidia CEO Exit Drags Memory Shares Lower

Micron Technology Profile

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices. Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.