Micron Technology (NASDAQ:MU) CEO Sanjay Mehrotra Sells 8,757 Shares

Micron Technology, Inc. (NASDAQ:MU) CEO Sanjay Mehrotra sold 8,757 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $241.34, for a total transaction of $2,113,414.38. Following the sale, the chief executive officer owned 400,321 shares of the company’s stock, valued at $96,613,470.14. This trade represents a 2.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, November 7th, Sanjay Mehrotra sold 3,743 shares of Micron Technology stock. The shares were sold at an average price of $233.39, for a total value of $873,578.77.
• 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 shares were sold at an average price of $220.72, for a total transaction of $4,966,200.00.
• On Tuesday, October 21st, Sanjay Mehrotra sold 19,761 shares of Micron Technology stock. The stock was 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 shares were 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 stock was 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 value 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 Price Performance

MU stock traded up $15.38 during midday trading on Monday, hitting $253.30. 27,797,195 shares of the stock were exchanged, compared to its average volume of 23,381,266. The stock’s 50-day moving average price is $181.33 and its 200-day moving average price is $134.31. 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 has a market cap of $284.32 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 0.51 and a beta of 1.62. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $257.07.

Micron Technology (NASDAQ:MU) last posted its 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. The company had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.Micron Technology’s revenue was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MU shares. Rosenblatt Securities raised their price objective on shares of Micron Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Piper Sandler raised their price target on Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Summit Insights raised Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. CLSA assumed coverage on shares of Micron Technology in a report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price target for the company. Finally, Raymond James Financial boosted their price objective on shares of Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $205.64.

Hedge Funds Weigh In On Micron Technology

Hedge funds have recently made changes to their positions in the business. American Capital Advisory LLC raised its position in Micron Technology by 20.4% in the third quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock valued at $46,000 after purchasing an additional 46 shares during the period. Teamwork Financial Advisors LLC boosted its position in shares of Micron Technology by 0.4% in the third quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer’s stock worth $2,505,000 after buying an additional 53 shares during the period. Blue Trust Inc. grew its stake in shares of Micron Technology by 0.5% in the third quarter. Blue Trust Inc. now owns 10,633 shares of the semiconductor manufacturer’s stock valued at $1,779,000 after buying an additional 53 shares in the last quarter. Lodestone Wealth Management LLC grew its stake in shares of Micron Technology by 3.2% in the third quarter. Lodestone Wealth Management LLC now owns 1,693 shares of the semiconductor manufacturer’s stock valued at $283,000 after buying an additional 53 shares in the last quarter. Finally, Allen Capital Group LLC raised its holdings in shares of Micron Technology by 1.2% during the 3rd quarter. Allen Capital Group LLC now owns 4,554 shares of the semiconductor manufacturer’s stock valued at $762,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

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.