State of New Jersey Common Pension Fund D Decreases Position in Micron Technology, Inc. $MU

State of New Jersey Common Pension Fund D cut its position in Micron Technology, Inc. (NASDAQ:MU) by 0.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 375,664 shares of the semiconductor manufacturer’s stock after selling 389 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Micron Technology were worth $46,301,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MU. Brighton Jones LLC raised its holdings in Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after buying an additional 976 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Micron Technology by 20.5% in the first quarter. GAMMA Investing LLC now owns 21,561 shares of the semiconductor manufacturer’s stock worth $1,873,000 after acquiring an additional 3,667 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Micron Technology by 78.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 16,759 shares of the semiconductor manufacturer’s stock worth $1,456,000 after acquiring an additional 7,352 shares during the period. Golden State Wealth Management LLC grew its stake in shares of Micron Technology by 158.0% in the first quarter. Golden State Wealth Management LLC now owns 5,083 shares of the semiconductor manufacturer’s stock worth $442,000 after acquiring an additional 3,113 shares during the period. Finally, HBK Sorce Advisory LLC grew its stake in shares of Micron Technology by 3.7% in the first quarter. HBK Sorce Advisory LLC now owns 5,596 shares of the semiconductor manufacturer’s stock worth $486,000 after acquiring an additional 202 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 21,563 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total value of $4,063,978.61. Following the completion of the transaction, the chief executive officer directly owned 272,648 shares in the company, valued at $51,385,968.56. This represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Scott R. Allen sold 8,800 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The stock was 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 owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,256 shares of company stock worth $25,564,625 over the last three months. 0.30% of the stock is currently owned by company insiders.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $219.02 on Friday. The firm has a 50 day moving average of $159.43 and a 200 day moving average of $122.13. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $245.84 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 0.47 and a beta of 1.56. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $219.82.

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

Micron Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MU. Bank of America lifted their price target on shares of Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 24th. Piper Sandler lifted their price target on shares of Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Wall Street Zen upgraded shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, October 12th. Robert W. Baird boosted their target price on shares of Micron Technology from $163.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, June 27th. Finally, Wolfe Research boosted their target price 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. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $200.64.

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.