Clal Insurance Enterprises Holdings Ltd Sells 107,000 Shares of Micron Technology, Inc. $MU

Clal Insurance Enterprises Holdings Ltd lessened its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 11.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 796,000 shares of the semiconductor manufacturer’s stock after selling 107,000 shares during the quarter. Micron Technology accounts for approximately 1.0% of Clal Insurance Enterprises Holdings Ltd’s investment portfolio, making the stock its 29th largest holding. Clal Insurance Enterprises Holdings Ltd’s holdings in Micron Technology were worth $98,107,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. 180 Wealth Advisors LLC lifted its position in Micron Technology by 1.9% in the second quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer’s stock worth $645,000 after purchasing an additional 99 shares during the period. SilverOak Wealth Management LLC increased its holdings in Micron Technology by 3.5% in the 2nd quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer’s stock valued at $364,000 after buying an additional 100 shares during the period. Beta Wealth Group Inc. raised its stake in shares of Micron Technology by 1.5% in the 2nd quarter. Beta Wealth Group Inc. now owns 6,805 shares of the semiconductor manufacturer’s stock valued at $839,000 after buying an additional 102 shares in the last quarter. HMS Capital Management LLC raised its stake in shares of Micron Technology by 0.6% in the 2nd quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock valued at $2,375,000 after buying an additional 107 shares in the last quarter. Finally, D.B. Root & Company LLC lifted its holdings in shares of Micron Technology by 3.7% during the 1st quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock worth $262,000 after acquiring an additional 108 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $228.50 on Wednesday. The business has a fifty day moving average of $197.63 and a 200-day moving average of $142.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $260.58. The firm has a market cap of $256.48 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company’s revenue was up 46.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Transactions at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 22,500 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $220.72, for a total value of $4,966,200.00. Following the transaction, the chief executive officer directly owned 446,578 shares in the company, valued at approximately $98,568,696.16. This trade represents a 4.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the sale, the executive vice president owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 409,756 shares of company stock worth $85,308,033 in the last quarter. 0.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on MU shares. Barclays upped their target price on shares of Micron Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Wedbush boosted their price target on Micron Technology from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Weiss Ratings upgraded Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, November 1st. UBS Group increased their price objective on Micron Technology from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Finally, The Goldman Sachs Group boosted their target price on shares of Micron Technology from $145.00 to $180.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Five equities research 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 MarketBeat.com, Micron Technology currently has an average rating of “Buy” and an average price target of $211.18.

Micron Technology 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.