Retirement Systems of Alabama Sells 7,366 Shares of Micron Technology, Inc. $MU

Retirement Systems of Alabama reduced its stake in Micron Technology, Inc. (NASDAQ:MU) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 676,167 shares of the semiconductor manufacturer’s stock after selling 7,366 shares during the quarter. Retirement Systems of Alabama owned about 0.06% of Micron Technology worth $83,338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MU. Nuveen LLC bought a new position in Micron Technology in the 1st quarter valued at approximately $369,191,000. Vanguard Group Inc. increased its stake in shares of 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. Goldman Sachs Group Inc. increased its stake in Micron Technology by 23.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock worth $922,467,000 after buying an additional 2,038,641 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Micron Technology by 26.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock worth $590,807,000 after buying an additional 1,416,174 shares in the last quarter. Finally, Keystone Investors PTE Ltd. purchased a new stake in Micron Technology in the 1st quarter worth $96,253,000. 80.84% of the stock is owned by institutional investors.

Micron Technology Price Performance

NASDAQ:MU opened at $226.63 on Thursday. The company has a 50 day moving average price of $165.54 and a 200-day moving average price of $125.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $232.40. The firm has a market cap of $254.39 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 0.50 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting the consensus estimate of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the prior year, the firm earned $1.18 EPS. The company’s revenue for the quarter was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were paid a $0.115 dividend. 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 is 6.06%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MU shares. Piper Sandler increased their price objective on shares of Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Raymond James Financial raised their price objective on shares of Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Susquehanna lifted their price target on shares of Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, September 17th. Mizuho lifted their price target on shares of Micron Technology from $240.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Wedbush boosted their price objective on shares of Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Micron Technology presently has an average rating of “Buy” and a consensus price target of $202.79.

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 22,500 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the completion of the transaction, the chief executive officer owned 446,578 shares of the company’s stock, valued at approximately $98,568,696.16. This trade represents a 4.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the transaction, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at $8,450,574.74. This represents a 17.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 248,756 shares of company stock worth $48,801,245. Company insiders own 0.30% of the company’s stock.

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.