Micron Technology, Inc. $MU Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Key Points

• Migdal Insurance & Financial Holdings Ltd. has significantly reduced its stake in Micron Technology by 96.1%, selling over 161,000 shares, leaving it with about 6,626 shares valued at $817,000.
• Micron Technology reported earnings per share (EPS) of $2.86 for the quarter, matching expectations, while revenue surged 46.1% year-over-year to $11.32 billion.
• The company recently declared a quarterly dividend of $0.115 per share, contributing to an annualized yield of 0.2%.

Migdal Insurance & Financial Holdings Ltd. cut its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 96.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,626 shares of the semiconductor manufacturer's stock after selling 161,659 shares during the period. Migdal Insurance & Financial Holdings Ltd.'s holdings in Micron Technology were worth $817,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. 180 Wealth Advisors LLC lifted its position in Micron Technology by 1.9% in the 2nd quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer's stock valued at $645,000 after purchasing an additional 99 shares during the last quarter. SilverOak Wealth Management LLC lifted its position in Micron Technology by 3.5% in the 2nd quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer's stock valued at $364,000 after purchasing an additional 100 shares during the last quarter. HMS Capital Management LLC lifted its position in Micron Technology by 0.6% in the 2nd quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer's stock valued at $2,375,000 after purchasing an additional 107 shares during the last quarter. D.B. Root & Company LLC raised its position in shares of Micron Technology by 3.7% during the 1st 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 in the last quarter. Finally, Werlinich Asset Management LLC raised its position in shares of Micron Technology by 1.1% during the 2nd quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer's stock worth $1,317,000 after buying an additional 115 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Stock Up 0.8%

Shares of NASDAQ MU opened at $221.91 on Wednesday. The firm has a market capitalization of $249.09 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 0.50 and a beta of 1.56. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $224.98. The firm's 50-day moving average is $163.36 and its 200-day moving average is $124.89.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.86. The company had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company's revenue for the quarter was up 46.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 21,563 shares of Micron Technology stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the transaction, the chief executive officer owned 272,648 shares of the company's stock, valued at $51,385,968.56. This trade represents a 7.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Scott R. Allen sold 8,800 shares of Micron Technology stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the transaction, the chief accounting officer directly owned 40,237 shares in the company, valued at $8,450,574.74. The trade was a 17.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 144,256 shares of company stock valued at $25,564,625 in the last 90 days. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Micron Technology from $170.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. boosted their price target on shares of Micron Technology from $185.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. Bank of America boosted their target price on shares of Micron Technology from $140.00 to $180.00 and gave the stock a "neutral" rating in a report on Wednesday, September 24th. Erste Group Bank started coverage on shares of Micron Technology in a report on Thursday, August 14th. They issued a "buy" rating on the stock. Finally, Barclays boosted their target price on shares of Micron Technology from $195.00 to $240.00 and gave the stock an "overweight" rating in a report on Monday, October 20th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $202.79.

Micron Technology Company 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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