Micron Technology, Inc. $MU Position Reduced by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. has reduced its position in Micron Technology, Inc. by 14.4%, owning 53,485 shares worth approximately $6.59 million after selling 9,010 shares in Q2.
• Insider transactions revealed that both Director Richard M. Beyer and CEO Sanjay Mehrotra sold a combined total of 27,115 shares in October, indicating a decrease in their ownership stakes.
• Micron Technology reported a quarterly revenue of $11.32 billion, surpassing estimates, with earnings of $2.86 EPS, and set a Q1 2026 guidance of 3.600-3.900 EPS.

Phoenix Financial Ltd. cut its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 14.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,485 shares of the semiconductor manufacturer's stock after selling 9,010 shares during the quarter. Phoenix Financial Ltd.'s holdings in Micron Technology were worth $6,592,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Kera Capital Partners Inc. purchased a new stake in Micron Technology during the second quarter valued at about $211,000. Tcfg Wealth Management LLC purchased a new stake in Micron Technology during the second quarter valued at about $208,000. Krilogy Financial LLC lifted its stake in Micron Technology by 21.5% during the second quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer's stock valued at $3,351,000 after buying an additional 4,812 shares in the last quarter. Quintet Private Bank Europe S.A. lifted its stake in Micron Technology by 12.1% during the second quarter. Quintet Private Bank Europe S.A. now owns 17,325 shares of the semiconductor manufacturer's stock valued at $2,135,000 after buying an additional 1,875 shares in the last quarter. Finally, Kercheville Advisors LLC lifted its stake in Micron Technology by 52.1% during the second quarter. Kercheville Advisors LLC now owns 17,301 shares of the semiconductor manufacturer's stock valued at $2,132,000 after buying an additional 5,926 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Richard M. Beyer sold 5,552 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $155.68, for a total value of $864,335.36. Following the transaction, the director owned 96,031 shares in the company, valued at approximately $14,950,106.08. This represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 21,563 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total value of $4,063,978.61. Following the completion of the transaction, the chief executive officer owned 272,648 shares in the company, valued at $51,385,968.56. This represents a 7.33% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,956 shares of company stock worth $19,124,145. Insiders own 0.30% of the company's stock.

Micron Technology Trading Up 2.2%

NASDAQ:MU opened at $206.77 on Tuesday. The stock's 50 day moving average price is $152.86 and its 200 day moving average price is $119.00. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $214.75. The company has a market capitalization of $232.09 billion, a P/E ratio of 27.24, a P/E/G ratio of 0.45 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting analysts' consensus estimates of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the prior year, the company posted $1.18 earnings per share. The firm's 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. On average, research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MU. Wells Fargo & Company upped their target price on Micron Technology from $170.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. Bank of America upped their target price on Micron Technology from $140.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday, September 24th. Arete Research upgraded Micron Technology to a "strong-buy" rating in a report on Friday, July 18th. Stifel Nicolaus upped their target price on Micron Technology from $173.00 to $195.00 and gave the company a "buy" rating in a report on Monday, September 22nd. Finally, KeyCorp upped their target price on Micron Technology from $160.00 to $215.00 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-five have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $200.64.

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.

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