Micron Technology, Inc. $MU Stock Position Decreased by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. decreased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 31.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,875 shares of the semiconductor manufacturer’s stock after selling 5,450 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Micron Technology were worth $1,987,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Command Advisory Services Inc. lifted its holdings in shares of Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 153 shares during the last quarter. Howard Hughes Medical Institute bought a new position in Micron Technology during the 2nd quarter worth $30,000. AlphaQuest LLC lifted its stake in Micron Technology by 13,250.0% in the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 265 shares during the last quarter. WealthCollab LLC lifted its stake in Micron Technology by 4,500.0% in the second quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 270 shares during the last quarter. Finally, Hilltop National Bank acquired a new position in shares of Micron Technology during the second quarter valued at $37,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MU has been the topic of several recent research reports. Summit Insights upgraded shares of Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. CLSA initiated coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 price target on the stock. The Goldman Sachs Group boosted their price objective on Micron Technology from $180.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Citigroup increased their price objective on Micron Technology from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Finally, Wells Fargo & Company boosted their price target on Micron Technology from $220.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $242.79.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $232.51 on Wednesday. The stock has a fifty day moving average price of $224.96 and a two-hundred day moving average price of $162.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The firm has a market cap of $261.37 billion, a P/E ratio of 30.63, a PEG ratio of 0.38 and a beta of 1.54. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $264.75.

Micron Technology (NASDAQ:MU) last posted 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. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the previous year, the business earned $1.18 EPS. The company’s quarterly revenue was up 46.1% compared to the same quarter last year. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were given a dividend of $0.115 per share. The ex-dividend date 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 6.06%.

Insider Buying and Selling at Micron Technology

In related news, CEO Sanjay Mehrotra sold 22,500 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $220.72, for a total value of $4,966,200.00. Following the sale, the chief executive officer directly owned 446,578 shares in the company, valued at $98,568,696.16. The trade was a 4.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the sale, the executive vice president directly owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This represents a 34.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 384,852 shares of company stock worth $81,806,895. 0.24% of the stock is currently owned by company insiders.

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.