Sanjay Mehrotra Sells 8,757 Shares of Micron Technology (NASDAQ:MU) Stock

Micron Technology, Inc. (NASDAQ:MU) CEO Sanjay Mehrotra sold 8,757 shares of Micron Technology stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $241.34, for a total value of $2,113,414.38. Following the completion of the transaction, the chief executive officer owned 400,321 shares of the company’s stock, valued at approximately $96,613,470.14. The trade was a 2.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sanjay Mehrotra also recently made the following trade(s):

• On Friday, November 7th, Sanjay Mehrotra sold 3,743 shares of Micron Technology stock. The shares were sold at an average price of $233.39, for a total value of $873,578.77.
• 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 transaction of $2,742,845.94.
• On Monday, October 27th, Sanjay Mehrotra sold 22,500 shares of Micron Technology stock. The stock was sold at an average price of $220.72, for a total transaction 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 transaction of $4,013,854.32.
• On Monday, October 20th, Sanjay Mehrotra sold 2,739 shares of Micron Technology stock. The shares were sold at an average price of $211.19, for a total transaction of $578,449.41.
• On Tuesday, October 7th, Sanjay Mehrotra sold 21,563 shares of Micron Technology stock. The stock was sold at an average price of $188.47, for a total transaction of $4,063,978.61.
• On Monday, October 6th, Sanjay Mehrotra sold 10,800 shares of Micron Technology stock. The stock was sold at an average price of $194.44, for a total transaction of $2,099,952.00.
• On Friday, October 3rd, Sanjay Mehrotra sold 5,137 shares of Micron Technology stock. The shares were 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 value of $2,712,900.00.

Micron Technology Trading Down 4.8%

Shares of NASDAQ MU opened at $241.11 on Wednesday. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $257.07. The company has a market cap of $270.64 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth 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’s 50 day simple moving average is $186.46 and its 200 day simple moving average is $136.69.

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. The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same period last year, the company earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were given a $0.115 dividend. The ex-dividend date 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 Trading of Micron Technology

A number of large investors have recently added to or reduced their stakes in the business. RWA Wealth Partners LLC grew its position in Micron Technology by 24.5% in the third quarter. RWA Wealth Partners LLC now owns 6,254 shares of the semiconductor manufacturer’s stock worth $1,046,000 after buying an additional 1,232 shares during the last quarter. Jag Capital Management LLC acquired a new position in shares of Micron Technology in the 3rd quarter worth $18,662,000. Waddell & Associates LLC grew its holdings in shares of Micron Technology by 122.9% in the 3rd quarter. Waddell & Associates LLC now owns 5,061 shares of the semiconductor manufacturer’s stock worth $847,000 after acquiring an additional 2,790 shares during the last quarter. Zhang Financial LLC raised its position in shares of Micron Technology by 3.7% during the third quarter. Zhang Financial LLC now owns 36,961 shares of the semiconductor manufacturer’s stock worth $6,184,000 after purchasing an additional 1,306 shares during the period. Finally, Cozad Asset Management Inc. lifted its holdings in shares of Micron Technology by 17.6% during the third quarter. Cozad Asset Management Inc. now owns 3,040 shares of the semiconductor manufacturer’s stock valued at $509,000 after purchasing an additional 455 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MU has been the subject of several recent analyst reports. Piper Sandler upped their target price on shares of Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Cantor Fitzgerald raised their target price on Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. CLSA started coverage on Micron Technology in a research report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price target for the company. New Street Research reissued a “neutral” rating on shares of Micron Technology in a report on Tuesday, October 14th. Finally, Morgan Stanley upgraded shares of Micron Technology from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $160.00 to $220.00 in a research note on Monday, October 6th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $205.64.

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.