Micron Technology, Inc. $MU Shares Sold by City State Bank

City State Bank lowered its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 2.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,485 shares of the semiconductor manufacturer’s stock after selling 440 shares during the period. City State Bank’s holdings in Micron Technology were worth $2,032,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. AlphaQuest LLC increased its position in Micron Technology by 13,250.0% in the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 265 shares during the period. AllSquare Wealth Management LLC increased its position in Micron Technology by 100.0% in the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $35,000 after acquiring an additional 200 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in Micron Technology in the 1st quarter valued at about $36,000. Hilltop National Bank acquired a new position in Micron Technology in the 2nd quarter valued at about $37,000. Finally, Saudi Central Bank acquired a new position in Micron Technology in the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group boosted their price target on Micron Technology from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Wells Fargo & Company boosted their price target on Micron Technology from $170.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Zacks Research upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. Morgan Stanley upgraded Micron Technology from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $160.00 to $220.00 in a research report on Monday, October 6th. Finally, Itau BBA Securities assumed coverage on Micron Technology in a research report on Tuesday, October 7th. They set an “outperform” rating and a $249.00 target price on the stock. Five analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology currently has an average rating of “Buy” and a consensus target price of $200.64.

Micron Technology Price Performance

MU stock opened at $219.02 on Friday. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $219.82. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The stock’s 50 day moving average price is $159.43 and its 200 day moving average price is $122.13. The firm has a market cap of $245.84 billion, a P/E ratio of 28.86, a PEG ratio of 0.47 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the prior year, the company earned $1.18 EPS. Micron Technology’s 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. On average, sell-side analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s dividend payout ratio is currently 6.06%.

Insiders Place Their Bets

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the transaction, the chief accounting officer owned 40,237 shares of the company’s stock, valued at $8,450,574.74. This represents a 17.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 21,563 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total value of $4,063,978.61. Following the transaction, the chief executive officer directly owned 272,648 shares in the company, valued at approximately $51,385,968.56. This represents a 7.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 144,256 shares of company stock valued at $25,564,625 in the last quarter. 0.30% of the stock is currently owned by company insiders.

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.