Micron Technology (NASDAQ:MU) CEO Sells $204,556.36 in Stock

Key Points

• Micron Technology CEO Sanjay Mehrotra sold 1,202 shares at an average price of $170.18, totaling $204,556.36, reducing his stake by 0.35% to 338,946 shares valued at over $57 million.
• The company reported better-than-expected earnings of $1.91 per share for the last quarter, surpassing estimates and generating revenue of $9.30 billion.
• Micron Technology recently increased its quarterly dividend to $0.115 per share, resulting in an annualized yield of 0.3%.

Micron Technology, Inc. (NASDAQ:MU - Get Free Report) CEO Sanjay Mehrotra sold 1,202 shares of Micron Technology stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $170.18, for a total value of $204,556.36. Following the completion of the transaction, the chief executive officer directly owned 338,946 shares of the company's stock, valued at $57,681,830.28. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, September 19th, Sanjay Mehrotra sold 13,798 shares of Micron Technology stock. The shares were sold at an average price of $162.20, for a total value of $2,238,035.60.
• 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 value of $1,158,524.51.
• On Monday, September 15th, Sanjay Mehrotra sold 181 shares of Micron Technology stock. The shares were sold at an average price of $160.04, for a total value of $28,967.24.
• On Wednesday, September 10th, Sanjay Mehrotra sold 7,500 shares of Micron Technology stock. The shares were sold at an average price of $140.58, for a total value 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 value of $981,225.00.

Micron Technology Trading Up 1.2%

MU stock traded up $2.05 during midday trading on Tuesday, reaching $166.67. The stock had a trading volume of 22,730,029 shares, compared to its average volume of 22,820,029. The business has a fifty day simple moving average of $124.74 and a two-hundred day simple moving average of $106.27. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The firm has a market cap of $186.52 billion, a price-to-earnings ratio of 30.04 and a beta of 1.47. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $170.45.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.34. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.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. As a group, research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MU. First Command Advisory Services Inc. grew its holdings in shares of Micron Technology by 225.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer's stock worth $27,000 after purchasing an additional 153 shares in the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Micron Technology during the 2nd quarter worth $30,000. Opal Wealth Advisors LLC bought a new stake in shares of Micron Technology during the 1st quarter worth $33,000. AlphaQuest LLC lifted its position in shares of Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer's stock worth $33,000 after buying an additional 265 shares during the last quarter. Finally, WealthCollab LLC lifted its position in shares of Micron Technology by 4,500.0% during the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer's stock worth $34,000 after buying an additional 270 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MU has been the topic of several recent analyst reports. CLSA initiated coverage on Micron Technology in a report on Wednesday, August 27th. They set an "outperform" rating and a $155.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on Micron Technology from $150.00 to $175.00 and gave the company a "buy" rating in a report on Monday, September 15th. KGI Securities cut Micron Technology from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 23rd. Arete Research upgraded Micron Technology to a "strong-buy" rating in a report on Friday, July 18th. Finally, Wall Street Zen cut Micron Technology from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $165.54.

About Micron Technology

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.