Legal & General Group Plc Trims Stock Position in Micron Technology, Inc. $MU

Key Points

• Legal & General trimmed its stake in Micron by 0.8% in Q2, selling 55,413 shares and ending the quarter with 7,139,992 shares worth about $880 million (≈0.64% of the company).
• Significant insider selling has occurred recently — EVP Scott J. Deboer sold 82,000 shares (~$18.3M) and insiders have disposed of 409,756 shares worth about $85.3M over the past 90 days.
• Micron beat Q1 estimates, reporting $3.03 EPS and $11.32B revenue (both above consensus), issued Q1 FY26 EPS guidance of 3.60–3.90, and has seen multiple analyst price-target raises with a consensus "Buy" and average target around $215.64.

Legal & General Group Plc decreased its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,139,992 shares of the semiconductor manufacturer's stock after selling 55,413 shares during the quarter. Legal & General Group Plc owned approximately 0.64% of Micron Technology worth $880,004,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MU. Brighton Jones LLC boosted its holdings in shares of Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock valued at $532,000 after purchasing an additional 976 shares during the last quarter. Crestwood Advisors Group LLC boosted its holdings in Micron Technology by 28.6% in the first quarter. Crestwood Advisors Group LLC now owns 3,816 shares of the semiconductor manufacturer's stock valued at $332,000 after acquiring an additional 849 shares during the last quarter. PFG Advisors boosted its holdings in Micron Technology by 6.8% in the first quarter. PFG Advisors now owns 3,466 shares of the semiconductor manufacturer's stock valued at $301,000 after acquiring an additional 222 shares during the last quarter. Choreo LLC grew its position in Micron Technology by 4.6% during the first quarter. Choreo LLC now owns 28,129 shares of the semiconductor manufacturer's stock valued at $2,447,000 after acquiring an additional 1,227 shares during the period. Finally, Madison Asset Management LLC acquired a new stake in Micron Technology during the first quarter worth about $261,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Micron Technology

In other news, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction that occurred 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 transaction, the executive vice president owned 154,145 shares in the company, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 3,743 shares of the company's stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the sale, the chief executive officer directly owned 396,578 shares in the company, valued at approximately $92,557,339.42. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 409,756 shares of company stock worth $85,308,033. 0.30% of the stock is owned by corporate insiders.

Micron Technology Stock Down 10.9%

MU stock opened at $201.37 on Friday. 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 firm has a 50 day simple moving average of $200.36 and a 200-day simple moving average of $143.37. The company has a market capitalization of $226.37 billion, a P/E ratio of 26.53, a PEG ratio of 0.51 and a beta of 1.62. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $260.58.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.86 by $0.17. The firm 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 firm's revenue was up 46.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, October 3rd. Micron Technology's dividend payout ratio (DPR) is 6.06%.

Analysts Set New Price Targets

MU has been the topic of several research analyst reports. Bank of America lifted their price objective on Micron Technology from $140.00 to $180.00 and gave the company a "neutral" rating in a research note on Wednesday, September 24th. Wells Fargo & Company lifted their price target on shares of Micron Technology from $220.00 to $300.00 and gave the company an "overweight" rating in a research report on Friday, November 7th. Morgan Stanley increased their price objective on shares of Micron Technology from $220.00 to $325.00 and gave the stock an "overweight" rating in a research report on Thursday, November 13th. Weiss Ratings raised shares of Micron Technology from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Saturday, November 1st. Finally, Piper Sandler lifted their target price on shares of Micron Technology from $165.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $215.64.

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.

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.