Micron Technology (NASDAQ:MU) CEO Sells $4,013,854.32 in Stock

Key Points

• Micron Technology CEO Sanjay Mehrotra sold 19,761 shares at an average price of $203.12, totaling over $4 million, which led to a 4.04% decrease in his position.
• The company recently announced a quarterly dividend of $0.115 per share, representing an annualized yield of 0.2% on a low payout ratio of 6.06%.
• Micron Technology reported earnings of $2.86 per share for the previous quarter, matching analyst expectations and a revenue increase of 46.1% year-over-year to $11.32 billion.

Micron Technology, Inc. (NASDAQ:MU - Get Free Report) CEO Sanjay Mehrotra sold 19,761 shares of Micron Technology stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $203.12, for a total value of $4,013,854.32. Following the completion of the transaction, the chief executive officer owned 469,078 shares of the company's stock, valued at approximately $95,279,123.36. The trade was a 4.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, October 20th, Sanjay Mehrotra sold 2,739 shares of Micron Technology stock. The shares were sold at an average price of $211.19, for a total value of $578,449.41.
• On Tuesday, October 7th, Sanjay Mehrotra sold 21,563 shares of Micron Technology stock. The stock was sold at an average price of $188.47, for a total value 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 value 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 value 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 value 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 value 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 value 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 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.

Micron Technology Trading Down 1.9%

NASDAQ:MU traded down $3.82 on Wednesday, reaching $198.47. The company's stock had a trading volume of 21,897,173 shares, compared to its average volume of 23,389,221. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $214.75. 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 firm 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. The business's 50-day moving average price is $154.35 and its two-hundred day moving average price is $119.58.

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

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology's payout ratio is presently 6.06%.

Institutional Trading of Micron Technology

Several institutional investors and hedge funds have recently bought and sold shares of MU. Norges Bank bought a new stake in Micron Technology during the second quarter worth about $1,980,700,000. Nuveen LLC bought a new stake in Micron Technology during the first quarter worth about $369,191,000. Slate Path Capital LP bought a new stake in Micron Technology during the second quarter worth about $317,751,000. Vanguard Group Inc. raised its holdings in Micron Technology by 2.1% during the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock worth $8,854,644,000 after acquiring an additional 2,049,163 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Micron Technology by 23.8% during the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock worth $922,467,000 after acquiring an additional 2,038,641 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on MU shares. Deutsche Bank Aktiengesellschaft boosted their target price on Micron Technology from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. KeyCorp upped their price objective on Micron Technology from $160.00 to $215.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Micron Technology in a research report on Tuesday, October 14th. New Street Research reaffirmed a "neutral" rating on shares of Micron Technology in a research report on Tuesday, October 14th. Finally, Needham & Company LLC upped their price objective on Micron Technology from $150.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Micron Technology has an average rating of "Buy" and a consensus price target of $200.64.

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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