Insider Selling: Micron Technology (NASDAQ:MU) CEO Sells 181 Shares of Stock

Key Points

• Sanjay Mehrotra, CEO of Micron Technology, sold 181 shares at an average price of $160.04, reducing his ownership by 0.05% to a total of 347,467 shares worth approximately $55.6 million.
• Micron Technology's quarterly earnings exceeded estimates, reporting an EPS of $1.91 and revenues of $9.30 billion, leading to a positive outlook with analysts projecting 6.08 EPS for the current fiscal year.
• The company recently declared a quarterly dividend of $0.115, indicating a low payout ratio of 8.29%, reflecting its commitment to returning value to shareholders.

Micron Technology, Inc. (NASDAQ:MU - Get Free Report) CEO Sanjay Mehrotra sold 181 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $160.04, for a total transaction of $28,967.24. Following the sale, the chief executive officer directly owned 347,467 shares of the company's stock, valued at approximately $55,608,618.68. This trade represents a 0.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Sanjay Mehrotra also recently made the following trade(s):

• On Tuesday, September 16th, Sanjay Mehrotra sold 7,319 shares of Micron Technology stock. The stock was sold at an average price of $158.29, for a total transaction of $1,158,524.51.
• On Wednesday, September 10th, Sanjay Mehrotra sold 7,500 shares of Micron Technology stock. The stock was sold at an average price of $140.58, for a total transaction of $1,054,350.00.
• On Friday, September 5th, Sanjay Mehrotra sold 7,500 shares of Micron Technology stock. The stock was sold at an average price of $130.83, for a total transaction of $981,225.00.

Micron Technology Price Performance

Shares of Micron Technology stock traded up $1.17 on Wednesday, reaching $159.99. 18,727,000 shares of the stock were exchanged, compared to its average volume of 22,694,658. The firm has a market cap of $179.05 billion, a PE ratio of 28.83 and a beta of 1.47. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. The firm's 50 day moving average is $121.38 and its 200-day moving average is $104.16. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $160.59.

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

Micron Technology Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after buying an additional 976 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in Micron Technology by 19.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 85,722 shares of the semiconductor manufacturer's stock worth $7,214,000 after buying an additional 13,985 shares during the last quarter. State of Wyoming increased its holdings in Micron Technology by 2,336.1% during the fourth quarter. State of Wyoming now owns 3,581 shares of the semiconductor manufacturer's stock worth $301,000 after buying an additional 3,434 shares during the last quarter. Woodline Partners LP increased its holdings in Micron Technology by 128.8% during the fourth quarter. Woodline Partners LP now owns 865,041 shares of the semiconductor manufacturer's stock worth $72,802,000 after buying an additional 486,931 shares during the last quarter. Finally, Wesleyan Assurance Society purchased a new stake in Micron Technology during the fourth quarter worth about $6,219,000. 80.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Robert W. Baird increased their price objective on shares of Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, June 27th. Bank of America upped their price target on shares of Micron Technology from $84.00 to $140.00 and gave the company a "neutral" rating in a research report on Thursday, June 26th. Wall Street Zen cut shares of Micron Technology from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Wolfe Research upped their price target on shares of Micron Technology from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Wedbush upped their price target on shares of Micron Technology from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Micron Technology currently has an average rating of "Moderate Buy" and an average target price of $159.65.

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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