Caisse DE Depot ET Placement DU Quebec Sells 226,156 Shares of Micron Technology, Inc. $MU

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its holdings in Micron Technology, Inc. by 32.2%, selling 226,156 shares and leaving its ownership at 476,103 shares valued at $41 million.
• In recent transactions, insiders sold 286,042 shares of Micron's stock totaling approximately $34.7 million, indicating a decrease in their ownership stakes.
• Micron Technology announced an earnings beat with $1.91 EPS for the quarter, exceeding analysts' expectations, and set a Q4 2025 guidance of 2.350-2.650 EPS.

Caisse DE Depot ET Placement DU Quebec lessened its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 32.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 476,103 shares of the semiconductor manufacturer's stock after selling 226,156 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Micron Technology were worth $41,369,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Sunbeam Capital Management LLC purchased a new position in shares of Micron Technology during the fourth quarter valued at approximately $26,000. Opal Wealth Advisors LLC purchased a new position in Micron Technology in the first quarter worth $33,000. AllSquare Wealth Management LLC raised its stake in shares of Micron Technology by 100.0% in the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock valued at $35,000 after buying an additional 200 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Micron Technology in the first quarter valued at $36,000. Finally, Roxbury Financial LLC raised its stake in shares of Micron Technology by 306.1% in the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock valued at $37,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Stock Up 3.6%

MU traded up $4.25 during trading on Thursday, hitting $122.00. 17,265,427 shares of the company's stock traded hands, compared to its average volume of 18,692,428. The company's 50 day simple moving average is $118.26 and its two-hundred day simple moving average is $100.71. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $129.85. The stock has a market capitalization of $136.53 billion, a price-to-earnings ratio of 21.98 and a beta of 1.37.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating the consensus estimate of $1.57 by $0.34. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.83 billion. During the same period last year, the business posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, July 7th. Micron Technology's dividend payout ratio is 8.29%.

Wall Street Analysts Forecast Growth

MU has been the topic of a number of analyst reports. Erste Group Bank initiated coverage on Micron Technology in a research note on Thursday, August 14th. They set a "buy" rating on the stock. CLSA started coverage on Micron Technology in a research note on Wednesday. They issued an "outperform" rating and a $155.00 target price on the stock. KeyCorp upped their price objective on Micron Technology from $135.00 to $160.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Wedbush increased their target price on Micron Technology from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Thursday, June 26th. Finally, Barclays increased their target price on Micron Technology from $95.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $147.54.

Insider Activity at Micron Technology

In related news, EVP Manish H. Bhatia sold 80,000 shares of Micron Technology stock in a transaction on Monday, June 30th. The stock was sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the transaction, the executive vice president directly owned 275,067 shares in the company, valued at approximately $33,877,251.72. The trade was a 22.53% 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 April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $125.12, for a total value of $1,876,800.00. Following the transaction, the executive vice president owned 148,167 shares in the company, valued at $18,538,655.04. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 286,042 shares of company stock valued at $34,679,277 in the last ninety days. Corporate insiders own 0.30% of the company's stock.

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.