Micron Technology, Inc. $MU Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 0.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 490,544 shares of the semiconductor manufacturer’s stock after selling 2,361 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Micron Technology were worth $60,460,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MU. Wealth Quarterback LLC bought a new position in Micron Technology during the 2nd quarter worth approximately $248,000. IMA Advisory Services Inc. boosted its holdings in Micron Technology by 8.0% during the second quarter. IMA Advisory Services Inc. now owns 24,168 shares of the semiconductor manufacturer’s stock worth $2,979,000 after buying an additional 1,799 shares in the last quarter. Tiemann Investment Advisors LLC purchased a new stake in Micron Technology during the second quarter valued at about $211,000. Verus Capital Partners LLC grew its holdings in shares of Micron Technology by 21.8% during the second quarter. Verus Capital Partners LLC now owns 4,336 shares of the semiconductor manufacturer’s stock valued at $534,000 after buying an additional 775 shares in the last quarter. Finally, STF Management LP lifted its position in Micron Technology by 2.6% in the 2nd quarter. STF Management LP now owns 17,049 shares of the semiconductor manufacturer’s stock worth $2,101,000 after buying an additional 426 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Micron Technology

In other news, CFO Mark J. Murphy sold 126,000 shares of Micron Technology stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction 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 trade represents a 36.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of the business’s 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 trade represents a 34.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 409,756 shares of company stock valued at $85,308,033 over the last quarter. Company insiders own 0.30% of the company’s stock.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $244.90 on Thursday. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The company has a market cap of $274.89 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The business has a 50 day moving average price of $188.99 and a 200-day moving average price of $137.44. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $257.07.

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 analysts’ consensus estimates 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 analyst estimates of $11.05 billion. During the same quarter last year, the business earned $1.18 earnings per share. The company’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. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were issued 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 6.06%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MU shares. Summit Insights upgraded shares of Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. Citigroup increased their target price on Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, October 27th. KGI Securities raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Bank of America upped their target price on Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. Finally, Morgan Stanley upgraded shares of Micron Technology from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $160.00 to $220.00 in a report on Monday, October 6th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Micron Technology presently has an average rating of “Buy” and an average price target of $205.64.

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.