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 firm’s stock in a transaction dated Friday, November 7th. The shares were 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 SEC, which is accessible through the SEC website.

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 stock was sold at an average price of $225.23, for a total transaction of $2,387,888.46.
• On Wednesday, October 29th, Sanjay Mehrotra sold 11,898 shares of Micron Technology stock. The shares were 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 value 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 value 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 value 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 value 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 stock was sold at an average price of $190.51, for a total value 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 transaction of $2,712,900.00.

Micron Technology Stock Performance

Micron Technology stock opened at $244.90 on Thursday. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $257.07. The firm’s 50 day simple moving average is $188.99 and its 200-day simple moving average is $137.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The company has a market cap of $274.89 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting analysts’ consensus estimates 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 analyst estimates of $11.05 billion. During the same quarter last year, the business posted $1.18 EPS. The company’s 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 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s payout ratio is presently 6.06%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Piper Sandler raised their price target on shares of Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. 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. Zacks Research upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. Finally, Stifel Nicolaus lifted their target price on shares of Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Five research 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 stock presently has an average rating of “Buy” and an average target price of $205.64.

Institutional Trading of Micron Technology

Institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in shares of Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after purchasing an additional 976 shares during the last quarter. Leavell Investment Management Inc. raised its holdings in Micron Technology by 10.3% during the first quarter. Leavell Investment Management Inc. now owns 3,793 shares of the semiconductor manufacturer’s stock valued at $330,000 after buying an additional 355 shares in the last quarter. Allworth Financial LP raised its holdings in Micron Technology by 8.0% during the first quarter. Allworth Financial LP now owns 9,416 shares of the semiconductor manufacturer’s stock valued at $818,000 after buying an additional 699 shares in the last quarter. Fort Sheridan Advisors LLC acquired a new stake in shares of Micron Technology in the first quarter worth about $320,000. Finally, Kathmere Capital Management LLC bought a new stake in shares of Micron Technology during the 1st quarter worth about $222,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

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.