OMERS ADMINISTRATION Corp Lowers Stock Holdings in Micron Technology, Inc. $MU

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in Micron Technology by 14.0%, selling 6,514 shares, and now holds 39,861 shares worth approximately $3.46 million.
• Micron Technology reported $1.91 EPS for the latest quarter, exceeding estimates and setting guidance for Q4 2025 at 2.350-2.650 EPS.
• The company recently announced a quarterly dividend of $0.115 per share, with an annualized yield of 0.4% and a low dividend payout ratio of 8.29%.

OMERS ADMINISTRATION Corp cut its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,861 shares of the semiconductor manufacturer's stock after selling 6,514 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Micron Technology were worth $3,464,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. D.B. Root & Company LLC grew its holdings in shares of Micron Technology by 3.7% in the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer's stock valued at $262,000 after acquiring an additional 108 shares in the last quarter. Orca Wealth Management LLC grew its holdings in shares of Micron Technology by 1.5% in the first quarter. Orca Wealth Management LLC now owns 8,485 shares of the semiconductor manufacturer's stock valued at $737,000 after acquiring an additional 129 shares in the last quarter. Sunpointe LLC grew its holdings in shares of Micron Technology by 4.0% in the first quarter. Sunpointe LLC now owns 3,443 shares of the semiconductor manufacturer's stock valued at $300,000 after acquiring an additional 131 shares in the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of Micron Technology by 2.1% in the first quarter. Foundations Investment Advisors LLC now owns 6,561 shares of the semiconductor manufacturer's stock valued at $570,000 after acquiring an additional 138 shares in the last quarter. Finally, Allen Capital Group LLC grew its holdings in shares of Micron Technology by 3.2% in the first quarter. Allen Capital Group LLC now owns 4,460 shares of the semiconductor manufacturer's stock valued at $388,000 after acquiring an additional 139 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 Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $121.28, for a total value of $291,557.12. Following the sale, the director owned 22,550 shares in the company, valued at approximately $2,734,864. This trade represents a 9.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $125.15, for a total value 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 trade represents a 23.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 286,042 shares of company stock valued at $34,679,277 in the last ninety days. 0.30% of the stock is owned by insiders.

Micron Technology Stock Performance

Shares of Micron Technology stock traded down $2.99 during trading hours on Friday, reaching $119.01. The company had a trading volume of 16,756,869 shares, compared to its average volume of 18,095,988. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $129.85. The business has a fifty day simple moving average of $118.17 and a 200 day simple moving average of $100.94. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. The firm has a market cap of $133.19 billion, a PE ratio of 21.44 and a beta of 1.37.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, topping 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 firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. During the same period last year, the company earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

MU has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Micron Technology in a report on Thursday, July 10th. They issued a "buy" rating and a $150.00 target price for the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $200.00 target price on shares of Micron Technology in a report on Monday, August 11th. Wedbush upped their target price on Micron Technology from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Thursday, June 26th. Susquehanna increased their price objective on Micron Technology from $150.00 to $160.00 and gave the company a "positive" rating in a report on Thursday, June 26th. Finally, Barclays increased their price objective on Micron Technology from $95.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus 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.