Lazard Freres Gestion S.A.S. Sells 17,500 Shares of Micron Technology, Inc. $MU

Lazard Freres Gestion S.A.S. trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 38.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,500 shares of the semiconductor manufacturer’s stock after selling 17,500 shares during the period. Lazard Freres Gestion S.A.S.’s holdings in Micron Technology were worth $3,512,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. R Squared Ltd bought a new stake in Micron Technology in the 2nd quarter valued at $336,000. 180 Wealth Advisors LLC grew its stake in shares of Micron Technology by 1.9% in the 2nd quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer’s stock worth $645,000 after buying an additional 99 shares in the last quarter. Carnegie Investment Counsel bought a new stake in shares of Micron Technology in the 2nd quarter worth about $326,000. Moser Wealth Advisors LLC increased its holdings in shares of Micron Technology by 18.3% in the 2nd quarter. Moser Wealth Advisors LLC now owns 1,290 shares of the semiconductor manufacturer’s stock worth $159,000 after buying an additional 200 shares during the last quarter. Finally, Avion Wealth increased its holdings in shares of Micron Technology by 17.0% in the 2nd quarter. Avion Wealth now owns 945 shares of the semiconductor manufacturer’s stock worth $116,000 after buying an additional 137 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Price Performance

Micron Technology stock opened at $206.71 on Friday. The stock has a market cap of $232.02 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 0.44 and a beta of 1.56. 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 $214.75. The firm has a 50-day moving average of $157.46 and a two-hundred day moving average of $121.07.

Micron Technology (NASDAQ:MU) last announced 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 analysts’ expectations of $11.05 billion. During the same quarter in the prior year, the company earned $1.18 EPS. The company’s revenue was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently weighed in on MU. Wall Street Zen upgraded shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 12th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Itau BBA Securities assumed coverage on shares of Micron Technology in a research note on Tuesday, October 7th. They set an “outperform” rating and a $249.00 price target for the company. Morgan Stanley raised shares of Micron Technology from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $160.00 to $220.00 in a research note on Monday, October 6th. Finally, BNP Paribas Exane raised shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price target for the company in a research note on Monday, October 13th. Five 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 company. Based on data from MarketBeat, Micron Technology currently has an average rating of “Buy” and a consensus target price of $200.64.

Insider Buying and Selling at Micron Technology

In other news, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the sale, the executive vice president owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. This represents a 10.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 19,761 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $203.12, for a total transaction of $4,013,854.32. Following the completion of the sale, the chief executive officer directly owned 469,078 shares of the company’s stock, valued at $95,279,123.36. The trade was a 4.04% decrease in their position. 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 quarter. 0.30% of the stock is currently owned by company insiders.

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.