Micron Technology (NASDAQ:MU) Director Mary Pat Mccarthy Sells 2,404 Shares

Key Points

• Mary Pat McCarthy, a director at Micron Technology, sold 2,404 shares at an average price of $115.67, reducing her ownership by 10.66% to a total of 20,146 shares.
• Micron Technology reported $1.91 earnings per share for the last quarter, surpassing analyst expectations of $1.57 and resulting in revenues of $9.30 billion.
• Several institutional investors significantly increased their stakes in Micron Technology during the 2nd quarter, leading the company to now be owned 80.84% by institutional investors.

Micron Technology, Inc. (NASDAQ:MU - Get Free Report) Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total value of $278,070.68. Following the completion of the sale, the director directly owned 20,146 shares of the company's stock, valued at approximately $2,330,287.82. This trade represents a 10.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Mary Pat Mccarthy also recently made the following trade(s):

• On Tuesday, July 1st, Mary Pat Mccarthy sold 2,404 shares of Micron Technology stock. The shares were sold at an average price of $121.28, for a total value of $291,557.12.

Micron Technology Stock Performance

NASDAQ MU traded up $5.49 on Thursday, hitting $124.21. 18,121,660 shares of the stock traded hands, compared to its average volume of 22,510,158. The business's fifty day moving average is $117.75 and its two-hundred day moving average is $101.36. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $129.85. The firm has a market capitalization of $139.01 billion, a price-to-earnings ratio of 22.38 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.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.34. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.The business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. During the same period in the prior 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, equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, July 7th. Micron Technology's dividend payout ratio (DPR) is 8.29%.

Institutional Investors Weigh In On Micron Technology

A number of institutional investors have recently bought and sold shares of the business. SevenBridge Financial Group LLC purchased a new stake in Micron Technology in the 2nd quarter worth $232,000. Orion Porfolio Solutions LLC increased its stake in Micron Technology by 8.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 58,300 shares of the semiconductor manufacturer's stock worth $7,185,000 after buying an additional 4,583 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Micron Technology by 1,193.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 611,383 shares of the semiconductor manufacturer's stock worth $75,359,000 after buying an additional 564,113 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH purchased a new stake in Micron Technology in the 2nd quarter worth $4,975,000. Finally, Stance Capital LLC bought a new position in shares of Micron Technology during the 2nd quarter valued at about $1,386,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MU. Morgan Stanley raised their price target on Micron Technology from $98.00 to $135.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Wall Street Zen upgraded Micron Technology from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Stifel Nicolaus lifted their price objective on Micron Technology from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. The Goldman Sachs Group initiated coverage on Micron Technology in a report on Thursday, July 10th. They issued a "neutral" rating and a $130.00 price objective on the stock. Finally, TD Cowen boosted their price target on Micron Technology from $125.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Two 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 assigned a Sell rating to the company. According to MarketBeat, Micron Technology currently has an average rating of "Moderate Buy" and an average target price of $147.54.

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.

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