Micron Technology, Inc. $MU Shares Sold by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management LLC reduced its stake in Micron Technology by 1.1% in Q2, selling 1,403 shares, while still holding $15.79 million worth of shares at the end of the quarter.
• Micron Technology reported $2.86 earnings per share for Q4, meeting analysts' expectations, and generated revenue of $11.32 billion, surpassing the consensus estimate.
• The company recently announced a quarterly dividend of $0.115 per share, reflecting a 0.2% yield, with payment scheduled for October 21st.

Mutual of America Capital Management LLC lowered its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,146 shares of the semiconductor manufacturer's stock after selling 1,403 shares during the quarter. Mutual of America Capital Management LLC's holdings in Micron Technology were worth $15,794,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MU. Nuveen LLC bought a new position in shares of Micron Technology in the first quarter valued at approximately $369,191,000. Vanguard Group Inc. boosted its stake in Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock valued at $8,854,644,000 after purchasing an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock valued at $922,467,000 after purchasing an additional 2,038,641 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Micron Technology by 26.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock worth $590,807,000 after buying an additional 1,416,174 shares in the last quarter. Finally, Keystone Investors PTE Ltd. acquired a new stake in shares of Micron Technology in the first quarter valued at $96,253,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 21,563 shares of the company's stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total value of $4,063,978.61. Following the transaction, the chief executive officer directly owned 272,648 shares of the company's stock, valued at approximately $51,385,968.56. This represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard M. Beyer sold 5,552 shares of the stock in a transaction 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 sale, the director owned 96,031 shares of the company's stock, valued at approximately $14,950,106.08. This represents a 5.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,956 shares of company stock worth $22,841,025 in the last 90 days. 0.30% of the stock is owned by corporate insiders.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $202.38 on Friday. The company's fifty day moving average is $151.20 and its two-hundred day moving average is $117.70. The company has a market cap of $227.17 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 0.45 and a beta of 1.56. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $206.34. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting analysts' consensus estimates of $2.86. The business had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.Micron Technology's revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 earnings per share. 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 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MU shares. UBS Group lifted their target price on Micron Technology from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday. BNP Paribas raised shares of Micron Technology from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, October 13th. Summit Insights raised shares of Micron Technology to a "strong-buy" rating in a research note on Tuesday, September 23rd. Arete Research upgraded shares of Micron Technology to a "strong-buy" rating in a report on Friday, July 18th. Finally, Piper Sandler upped their price target on 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-five have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $198.32.

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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