Micron Technology, Inc. $MU Shares Sold by Hodges Capital Management Inc.

Key Points

• Hodges Capital Management Inc. reduced its stake in Micron Technology by 28.7%, selling 53,903 shares during the first quarter, now holding 133,999 shares valued at approximately $11.6 million.
• A significant number of institutional investors, including Strs Ohio and Focus Partners Wealth, have increased their positions in Micron, with ownership by institutional investors now at 80.84%.
• Micron Technology reported earnings of $1.91 per share for the last quarter, surpassing analysts' expectations, and has set a guidance range of 2.350-2.650 EPS for Q4 2025.

Hodges Capital Management Inc. cut its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 28.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 133,999 shares of the semiconductor manufacturer's stock after selling 53,903 shares during the quarter. Micron Technology makes up approximately 1.2% of Hodges Capital Management Inc.'s portfolio, making the stock its 22nd biggest position. Hodges Capital Management Inc.'s holdings in Micron Technology were worth $11,643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Strs Ohio acquired a new position in shares of Micron Technology during the first quarter worth about $57,628,000. SWS Partners grew its position in shares of Micron Technology by 2.5% during the first quarter. SWS Partners now owns 21,529 shares of the semiconductor manufacturer's stock worth $1,871,000 after buying an additional 531 shares in the last quarter. Westbourne Investments Inc. grew its position in shares of Micron Technology by 555.9% during the first quarter. Westbourne Investments Inc. now owns 17,590 shares of the semiconductor manufacturer's stock worth $1,528,000 after buying an additional 14,908 shares in the last quarter. Focus Partners Wealth boosted its holdings in Micron Technology by 312.1% in the first quarter. Focus Partners Wealth now owns 138,878 shares of the semiconductor manufacturer's stock valued at $12,067,000 after purchasing an additional 105,178 shares in the last quarter. Finally, Integrity Alliance LLC. boosted its holdings in Micron Technology by 278.8% in the first quarter. Integrity Alliance LLC. now owns 20,901 shares of the semiconductor manufacturer's stock valued at $1,816,000 after purchasing an additional 15,384 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Micron Technology

In other news, Director Steven J. Gomo sold 7,000 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $125.15, for a total transaction of $876,050.00. Following the completion of the sale, the director owned 22,762 shares in the company, valued at $2,848,664.30. This represents a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Mehrotra sold 7,500 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $130.83, for a total value of $981,225.00. Following the sale, the chief executive officer owned 362,648 shares of the company's stock, valued at $47,445,237.84. This trade represents a 2.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 268,446 shares of company stock valued at $32,908,469. Corporate insiders own 0.30% of the company's stock.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $150.57 on Friday. 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 twelve month low of $61.54 and a twelve month high of $156.26. The stock has a 50 day moving average of $119.23 and a two-hundred day moving average of $102.77. The stock has a market cap of $168.51 billion, a P/E ratio of 27.13 and a beta of 1.47.

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

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were paid a $0.115 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.3%. Micron Technology's payout ratio is currently 8.29%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MU shares. Piper Sandler upped their price target on Micron Technology from $120.00 to $165.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. Wells Fargo & Company upped their price target on Micron Technology from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. Raymond James Financial upped their price target on Micron Technology from $120.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, June 26th. KeyCorp upped their price target on Micron Technology from $135.00 to $160.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. Finally, Susquehanna upped their price target on Micron Technology from $150.00 to $160.00 and gave the company a "positive" rating in a report on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $151.76.

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.

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