Micron Technology, Inc. $MU Shares Sold by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co trimmed its position in Micron Technology, Inc. (NASDAQ:MU) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,997 shares of the semiconductor manufacturer’s stock after selling 313 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Micron Technology were worth $493,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after purchasing an additional 976 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in Micron Technology by 9.0% in the 1st quarter. Kingsview Wealth Management LLC now owns 5,303 shares of the semiconductor manufacturer’s stock valued at $461,000 after purchasing an additional 436 shares in the last quarter. Wealth Alliance LLC boosted its holdings in Micron Technology by 21.2% in the 1st quarter. Wealth Alliance LLC now owns 3,110 shares of the semiconductor manufacturer’s stock valued at $270,000 after purchasing an additional 543 shares in the last quarter. Crestwood Advisors Group LLC increased its position in Micron Technology by 28.6% during the 1st quarter. Crestwood Advisors Group LLC now owns 3,816 shares of the semiconductor manufacturer’s stock worth $332,000 after purchasing an additional 849 shares during the period. Finally, PFG Advisors raised its stake in shares of Micron Technology by 6.8% during the 1st quarter. PFG Advisors now owns 3,466 shares of the semiconductor manufacturer’s stock worth $301,000 after buying an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

NASDAQ:MU opened at $225.92 on Thursday. 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 company has a market capitalization of $253.59 billion, a P/E ratio of 29.77, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The firm has a 50-day moving average price of $199.35 and a two-hundred day moving average price of $142.96. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $260.58.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.17. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders 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 dividend payout ratio (DPR) is presently 6.06%.

Analyst Ratings Changes

A number of research firms recently weighed in on MU. Citigroup lifted their price target on Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Rosenblatt Securities raised their target price on Micron Technology from $250.00 to $300.00 and gave the company a “buy” rating in a report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. KeyCorp increased their price target on shares of Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Finally, BNP Paribas Exane upgraded shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price objective for the company in a research note on Monday, October 13th. Five 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 MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $214.57.

Insider Buying and Selling

In other news, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the sale, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. This represents a 10.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the 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 sale, the chief financial officer directly owned 219,693 shares in the company, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 409,756 shares of company stock valued at $85,308,033. 0.30% of the stock is owned by insiders.

Micron Technology Company 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.