Micron Technology, Inc. $MU Shares Sold by Future Fund LLC

Future Fund LLC trimmed its holdings in Micron Technology, Inc. (NASDAQ:MU) by 46.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,858 shares of the semiconductor manufacturer’s stock after selling 7,815 shares during the period. Future Fund LLC’s holdings in Micron Technology were worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Achmea Investment Management B.V. purchased a new stake in Micron Technology in the 2nd quarter valued at about $3,759,000. Cornerstone Investment Partners LLC lifted its holdings in shares of Micron Technology by 1.6% during the 2nd quarter. Cornerstone Investment Partners LLC now owns 773,768 shares of the semiconductor manufacturer’s stock worth $95,367,000 after acquiring an additional 12,061 shares during the period. Moors & Cabot Inc. boosted its position in shares of Micron Technology by 6.4% in the second quarter. Moors & Cabot Inc. now owns 23,111 shares of the semiconductor manufacturer’s stock worth $2,848,000 after acquiring an additional 1,386 shares during the last quarter. Tcfg Wealth Management LLC purchased a new stake in Micron Technology in the second quarter valued at approximately $208,000. Finally, Kera Capital Partners Inc. purchased a new stake in Micron Technology in the second quarter valued at approximately $211,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Stock Down 0.2%

Shares of NASDAQ MU opened at $237.92 on Friday. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $246.41. The company has a market cap of $267.06 billion, a P/E ratio of 31.35, a P/E/G ratio of 0.51 and a beta of 1.62. 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 stock has a fifty day moving average price of $181.33 and a 200 day moving average price of $133.88.

Micron Technology (NASDAQ:MU) last issued 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 return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the previous year, the firm posted $1.18 earnings per share. The firm’s quarterly 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. Research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business 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. 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 payout ratio is 6.06%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MU shares. CLSA began coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price target on the stock. Morgan Stanley upgraded Micron Technology from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $160.00 to $220.00 in a report on Monday, October 6th. New Street Research reiterated a “neutral” rating on shares of Micron Technology in a report on Tuesday, October 14th. Itau BBA Securities began coverage on Micron Technology in a research report on Tuesday, October 7th. They set an “outperform” rating and a $249.00 price target for the company. Finally, Mizuho upped their price target on Micron Technology from $240.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Five investment 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 stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $205.64.

Insider Buying and Selling

In other news, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the transaction, the chief financial officer directly owned 219,693 shares in the company, valued at approximately $49,499,029.83. This represents a 36.45% 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 this link. Also, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the sale, the executive vice president directly owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 397,256 shares of company stock worth $82,321,039 in the last 90 days. 0.30% of the stock is owned by 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.