Micron Technology, Inc. $MU Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 17.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,971 shares of the semiconductor manufacturer’s stock after selling 8,412 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Micron Technology were worth $4,803,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Achmea Investment Management B.V. acquired a new position in Micron Technology during the second quarter worth $3,759,000. Cornerstone Investment Partners LLC lifted its stake in Micron Technology by 1.6% during the 2nd quarter. Cornerstone Investment Partners LLC now owns 773,768 shares of the semiconductor manufacturer’s stock worth $95,367,000 after acquiring an additional 12,061 shares in the last quarter. Moors & Cabot Inc. grew its position in Micron Technology by 6.4% in the 2nd quarter. Moors & Cabot Inc. now owns 23,111 shares of the semiconductor manufacturer’s stock valued at $2,848,000 after acquiring an additional 1,386 shares in the last quarter. Tcfg Wealth Management LLC acquired a new position in shares of Micron Technology in the second quarter worth $208,000. Finally, Kera Capital Partners Inc. purchased a new stake in shares of Micron Technology during the second quarter worth $211,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In other news, CAO Scott R. Allen sold 8,800 shares of the business’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the sale, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the transaction, the executive vice president owned 154,145 shares in the company, valued at $34,345,047.45. This represents a 34.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 397,256 shares of company stock worth $82,321,039 over the last three months. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MU has been the subject of a number of recent research reports. Wolfe Research lifted their target price on Micron Technology from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Morgan Stanley upgraded Micron Technology from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $160.00 to $220.00 in a research note on Monday, October 6th. Wells Fargo & Company upped their target price on shares of Micron Technology from $220.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday. Itau BBA Securities assumed coverage on shares of Micron Technology in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 price target for the company. Finally, UBS Group boosted their price target on shares of Micron Technology from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Five analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $205.64.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $237.92 on Monday. 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, Inc. has a 52 week low of $61.54 and a 52 week high of $246.41. The firm’s 50 day moving average is $181.33 and its two-hundred day moving average is $134.31. The firm has a market capitalization of $267.06 billion, a P/E ratio of 31.35, a P/E/G 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 $2.86 earnings per share for the quarter, hitting the consensus estimate of $2.86. The business had revenue of $11.32 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were issued 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 dividend payout ratio (DPR) is presently 6.06%.

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.