Micron Technology, Inc. $MU Shares Sold by Federation des caisses Desjardins du Quebec

Federation des caisses Desjardins du Quebec lessened its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 9.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 315,247 shares of the semiconductor manufacturer's stock after selling 33,429 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Micron Technology were worth $27,392,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MU. Sunbeam Capital Management LLC purchased a new position in Micron Technology in the 4th quarter valued at approximately $26,000. Opal Wealth Advisors LLC purchased a new position in Micron Technology in the 1st quarter valued at approximately $33,000. AllSquare Wealth Management LLC boosted its position in Micron Technology by 100.0% in the 1st 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. purchased a new position in Micron Technology in the 1st quarter valued at approximately $36,000. Finally, Roxbury Financial LLC boosted its position in Micron Technology by 306.1% in the 1st 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. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Activity

In related news, Director Steven J. Gomo sold 7,000 shares of Micron Technology stock in a transaction on Friday, June 27th. The shares were sold at an average price of $125.15, for a total transaction of $876,050.00. Following the sale, the director directly owned 22,762 shares in the company, valued at $2,848,664.30. This trade represents a 23.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sumit Sadana sold 92,638 shares of Micron Technology stock in a transaction on Friday, June 27th. The stock was sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the sale, the executive vice president owned 201,326 shares in the company, valued at $25,264,399.74. This represents a 31.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 286,042 shares of company stock worth $34,679,277 over the last three months. Company insiders own 0.30% of the company's stock.

Micron Technology Price Performance

Micron Technology stock opened at $118.48 on Wednesday. The stock has a market cap of $132.59 billion, a P/E ratio of 21.35 and a beta of 1.47. The company has a fifty day simple moving average of $117.92 and a 200-day simple moving average of $101.24. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $129.85. 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 (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The business had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. During the same period in the previous year, the company earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have commented on MU shares. The Goldman Sachs Group started coverage on shares of Micron Technology in a research report on Thursday, July 10th. They issued a "neutral" rating and a $130.00 price target for the company. Mizuho raised their price target on shares of Micron Technology from $124.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. UBS Group raised their price target on shares of Micron Technology from $120.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Wells Fargo & Company raised their price target 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. Finally, Wall Street Zen raised shares of Micron Technology from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Micron Technology currently has an average rating of "Moderate Buy" and an average price target of $147.54.

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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