Micron Technology (NASDAQ:MU) EVP Scott Deboer Sells 82,000 Shares

Micron Technology, Inc. (NASDAQ:MU) EVP Scott Deboer sold 82,000 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the sale, the executive vice president directly owned 154,145 shares in the company, valued at $34,345,047.45. This represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $226.63 on Thursday. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $232.40. 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 business’s fifty day moving average price is $165.54 and its two-hundred day moving average price is $125.99. The firm has a market capitalization of $254.39 billion, a PE ratio of 29.86, a P/E/G ratio of 0.50 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last issued its 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 return on equity of 17.21% and a net margin of 22.84%.The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same period last year, the company earned $1.18 earnings per share. The firm’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. On average, research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were given a $0.115 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 annualized dividend and a yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is currently 6.06%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Kera Capital Partners Inc. acquired a new stake in Micron Technology during the 2nd quarter worth about $211,000. Tcfg Wealth Management LLC acquired a new stake in Micron Technology during the 2nd quarter worth about $208,000. Krilogy Financial LLC boosted its position in Micron Technology by 21.5% during the 2nd quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer’s stock worth $3,351,000 after acquiring an additional 4,812 shares during the period. Quintet Private Bank Europe S.A. boosted its position in Micron Technology by 12.1% during the 2nd quarter. Quintet Private Bank Europe S.A. now owns 17,325 shares of the semiconductor manufacturer’s stock worth $2,135,000 after acquiring an additional 1,875 shares during the period. Finally, Kercheville Advisors LLC boosted its position in Micron Technology by 52.1% during the 2nd quarter. Kercheville Advisors LLC now owns 17,301 shares of the semiconductor manufacturer’s stock worth $2,132,000 after acquiring an additional 5,926 shares during the period. Institutional investors own 80.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MU. TD Cowen increased their target price on Micron Technology from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Susquehanna increased their price target on Micron Technology from $160.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, September 17th. The Goldman Sachs Group increased their price target on Micron Technology from $145.00 to $180.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. BNP Paribas raised Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 13th. Finally, Itau BBA Securities assumed coverage on Micron Technology in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 price target for the company. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Micron Technology currently has an average rating of “Buy” and an average price target of $202.79.

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.