Insider Selling: Micron Technology (NASDAQ:MU) CEO Sells 2,739 Shares of Stock

Key Points

• Sanjay Mehrotra, CEO of Micron Technology, sold 2,739 shares of stock for approximately $578,449, decreasing his ownership position by 0.56%. After this sale, he retains 488,839 shares valued at over $103 million.
• Micron recently reported earnings of $2.86 EPS with revenue of $11.32 billion, surpassing expectations and reflecting a year-over-year revenue increase of 46.1%.
• Institutional investors own about 80.84% of Micron's stock, with notable increases in holdings by firms like Vanguard and Goldman Sachs during recent quarters.

Micron Technology, Inc. (NASDAQ:MU - Get Free Report) CEO Sanjay Mehrotra sold 2,739 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $211.19, for a total transaction of $578,449.41. Following the transaction, the chief executive officer owned 488,839 shares in the company, valued at approximately $103,237,908.41. This trade represents a 0.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, October 21st, Sanjay Mehrotra sold 19,761 shares of Micron Technology stock. The shares were sold at an average price of $203.12, for a total transaction of $4,013,854.32.
• On Tuesday, October 7th, Sanjay Mehrotra sold 21,563 shares of Micron Technology stock. The shares were sold at an average price of $188.47, for a total transaction of $4,063,978.61.
• On Monday, October 6th, Sanjay Mehrotra sold 10,800 shares of Micron Technology stock. The stock was sold at an average price of $194.44, for a total transaction of $2,099,952.00.
• On Friday, October 3rd, Sanjay Mehrotra sold 5,137 shares of Micron Technology stock. The stock was sold at an average price of $190.51, for a total transaction of $978,649.87.
• On Wednesday, October 1st, Sanjay Mehrotra sold 15,000 shares of Micron Technology stock. The stock was sold at an average price of $180.86, for a total transaction of $2,712,900.00.
• On Friday, September 19th, Sanjay Mehrotra sold 13,798 shares of Micron Technology stock. The stock was sold at an average price of $162.20, for a total transaction of $2,238,035.60.
• On Thursday, September 18th, Sanjay Mehrotra sold 1,202 shares of Micron Technology stock. The stock was sold at an average price of $170.18, for a total transaction of $204,556.36.
• On Tuesday, September 16th, Sanjay Mehrotra sold 7,319 shares of Micron Technology stock. The shares were sold at an average price of $158.29, for a total transaction of $1,158,524.51.
• On Monday, September 15th, Sanjay Mehrotra sold 181 shares of Micron Technology stock. The stock was sold at an average price of $160.04, for a total transaction of $28,967.24.
• 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.

Micron Technology Price Performance

Shares of NASDAQ MU traded down $3.82 during trading on Wednesday, reaching $198.47. The company had a trading volume of 21,897,173 shares, compared to its average volume of 23,389,221. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $214.75. The business's 50 day moving average price is $154.35 and its 200-day moving average price is $119.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The stock has a market cap of $222.78 billion, a PE ratio of 26.15, a PEG ratio of 0.46 and a beta of 1.56.

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

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were paid a $0.115 dividend. The ex-dividend date of this dividend was 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%.

Analysts Set New Price Targets

MU has been the topic of a number of research reports. UBS Group boosted their price objective on shares of Micron Technology from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, October 16th. Zacks Research upgraded shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. TD Cowen upped their price objective on shares of Micron Technology from $150.00 to $180.00 and gave the company a "buy" rating in a report on Friday, September 19th. Mizuho upped their price objective on shares of Micron Technology from $195.00 to $240.00 and gave the company an "outperform" rating in a report on Friday, October 17th. Finally, Raymond James Financial upped their price target on shares of Micron Technology from $150.00 to $190.00 and gave the company an "outperform" rating in a research note on Wednesday, September 24th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Micron Technology presently has a consensus rating of "Buy" and an average price target of $200.64.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Micron Technology by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer's stock worth $12,803,168,000 after acquiring an additional 1,973,294 shares during the last quarter. State Street Corp raised its stake in shares of Micron Technology by 2.7% during the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer's stock worth $6,331,795,000 after purchasing an additional 1,349,713 shares during the period. Geode Capital Management LLC raised its stake in shares of Micron Technology by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer's stock worth $3,152,974,000 after purchasing an additional 314,489 shares during the period. Norges Bank bought a new stake in shares of Micron Technology during the 2nd quarter worth $1,980,700,000. Finally, Goldman Sachs Group Inc. raised its stake 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 worth $922,467,000 after purchasing an additional 2,038,641 shares during the period. Institutional investors own 80.84% of the company's stock.

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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