Micron Technology (NASDAQ:MU) CEO Sells $873,578.77 in Stock

Micron Technology, Inc. (NASDAQ:MU) CEO Sanjay Mehrotra sold 3,743 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $233.39, for a total transaction of $873,578.77. Following the transaction, the chief executive officer owned 396,578 shares of the company’s stock, valued at approximately $92,557,339.42. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sanjay Mehrotra also recently made the following trade(s):

• On Thursday, November 6th, Sanjay Mehrotra sold 8,757 shares of Micron Technology stock. The stock was sold at an average price of $241.34, for a total transaction of $2,113,414.38.
• On Thursday, October 30th, Sanjay Mehrotra sold 10,602 shares of Micron Technology stock. The shares were sold at an average price of $225.23, for a total value of $2,387,888.46.
• On Wednesday, October 29th, Sanjay Mehrotra sold 11,898 shares of Micron Technology stock. The stock was sold at an average price of $230.53, for a total value of $2,742,845.94.
• On Monday, October 27th, Sanjay Mehrotra sold 22,500 shares of Micron Technology stock. The stock was sold at an average price of $220.72, for a total value of $4,966,200.00.
• On Tuesday, October 21st, Sanjay Mehrotra sold 19,761 shares of Micron Technology stock. The shares were sold at an average price of $203.12, for a total transaction of $4,013,854.32.
• On Monday, October 20th, Sanjay Mehrotra sold 2,739 shares of Micron Technology stock. The stock was sold at an average price of $211.19, for a total transaction of $578,449.41.
• On Tuesday, October 7th, Sanjay Mehrotra sold 21,563 shares of Micron Technology stock. The shares were sold at an average price of $188.47, for a total transaction of $4,063,978.61.
• On Monday, October 6th, Sanjay Mehrotra sold 10,800 shares of Micron Technology stock. The shares were sold at an average price of $194.44, for a total transaction of $2,099,952.00.
• On Friday, October 3rd, Sanjay Mehrotra sold 5,137 shares of Micron Technology stock. The shares were sold at an average price of $190.51, for a total transaction of $978,649.87.
• On Wednesday, October 1st, Sanjay Mehrotra sold 15,000 shares of Micron Technology stock. The stock was sold at an average price of $180.86, for a total value of $2,712,900.00.

Micron Technology Stock Performance

Shares of MU stock traded up $15.38 on Monday, hitting $253.30. The company had a trading volume of 27,797,195 shares, compared to its average volume of 23,381,266. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $257.07. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The firm has a market cap of $284.32 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The company has a 50-day moving average price of $181.33 and a 200-day moving average price of $134.31.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting the consensus estimate of $2.86. 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 during the quarter, compared to analysts’ expectations of $11.05 billion. During the same period last year, the business earned $1.18 earnings per share. Micron Technology’s quarterly 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. As a group, equities research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors 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 dividend on an annualized basis and a yield of 0.2%. Micron Technology’s dividend payout ratio is 6.06%.

Analysts Set New Price Targets

MU has been the topic of several analyst reports. Wolfe Research raised their price target on shares of Micron Technology from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Summit Insights upgraded Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. Citigroup upped their price target on Micron Technology from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Deutsche Bank Aktiengesellschaft increased their price target on Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, Itau BBA Securities began coverage on Micron Technology in a research report on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 price objective for the company. Five analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $205.64.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MU. Norges Bank purchased a new position in shares of Micron Technology in the second quarter worth about $1,980,700,000. Nuveen LLC purchased a new stake in Micron Technology during the 1st quarter valued at about $369,191,000. Slate Path Capital LP acquired a new stake in Micron Technology in the 2nd quarter valued at about $317,751,000. Vanguard Group Inc. lifted its stake in Micron Technology by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock worth $8,854,644,000 after purchasing an additional 2,049,163 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock worth $922,467,000 after purchasing an additional 2,038,641 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

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.