Corebridge Financial Inc. Sells 10,043 Shares of Micron Technology, Inc. $MU

Key Points

• Corebridge Financial Inc. reduced its stake in Micron Technology by 2.9% in Q1, selling 10,043 shares, bringing its holdings to 337,763 shares valued at approximately $29.35 million.
• Micron Technology recently posted strong quarterly earnings, exceeding analysts' expectations with an EPS of $1.91, and projected a Q4 2025 EPS guidance of 2.350-2.650.
• The company declared a quarterly dividend of $0.115 per share, resulting in an annualized yield of 0.4% and a payout ratio of 8.29%.

Corebridge Financial Inc. lessened its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 2.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 337,763 shares of the semiconductor manufacturer's stock after selling 10,043 shares during the period. Corebridge Financial Inc.'s holdings in Micron Technology were worth $29,348,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. D.B. Root & Company LLC increased its holdings in Micron Technology by 3.7% during the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer's stock worth $262,000 after buying an additional 108 shares during the last quarter. Orca Wealth Management LLC increased its holdings in Micron Technology by 1.5% during the first quarter. Orca Wealth Management LLC now owns 8,485 shares of the semiconductor manufacturer's stock worth $737,000 after buying an additional 129 shares during the last quarter. Sunpointe LLC increased its stake in shares of Micron Technology by 4.0% in the first quarter. Sunpointe LLC now owns 3,443 shares of the semiconductor manufacturer's stock worth $300,000 after purchasing an additional 131 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in shares of Micron Technology by 2.1% in the first quarter. Foundations Investment Advisors LLC now owns 6,561 shares of the semiconductor manufacturer's stock worth $570,000 after purchasing an additional 138 shares in the last quarter. Finally, Allen Capital Group LLC increased its stake in shares of Micron Technology by 3.2% in the first quarter. Allen Capital Group LLC now owns 4,460 shares of the semiconductor manufacturer's stock worth $388,000 after purchasing an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Stock Up 1.6%

Shares of NASDAQ MU opened at $117.68 on Monday. The firm's fifty day moving average is $118.48 and its 200 day moving average is $100.13. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $129.85. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The company has a market cap of $131.70 billion, a price-to-earnings ratio of 21.20 and a beta of 1.37.

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

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were issued 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 currently 8.29%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MU. Wells Fargo & Company raised their price objective on shares of Micron Technology from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday, June 26th. KGI Securities lowered shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Robert W. Baird raised their price objective on shares of Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, June 27th. Erste Group Bank began coverage on shares of Micron Technology in a research report on Thursday, August 14th. They issued a "buy" rating for the company. Finally, TD Cowen lifted their target price on shares of Micron Technology from $125.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $147.24.

Insider Activity at Micron Technology

In other Micron Technology news, CFO Mark J. Murphy sold 34,000 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the transaction, the chief financial officer directly owned 264,036 shares of the company's stock, valued at approximately $28,864,415.52. The trade was a 11.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Manish H. Bhatia sold 80,000 shares of the business's stock in a transaction on Monday, June 30th. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 286,042 shares of company stock worth $34,679,277 over the last ninety days. 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.

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