Micron Technology (NASDAQ:MU) Shares Down 1.9% Following Insider Selling

Key Points

• Micron Technology's stock fell by 1.9% after insider selling, with CAO Scott R. Allen selling 8,800 shares at an average price of $210.02.
• Multiple analysts maintain a strong buy rating for Micron Technology, with target prices ranging from $155.00 to $250.00, indicating positive sentiment on future growth.
• The company reported earnings of $2.86 per share this quarter, meeting expectations, and had a revenue increase of 46.1% year-over-year, totaling $11.32 billion.

Micron Technology, Inc. (NASDAQ:MU - Get Free Report)'s stock price traded down 1.9% during trading on Wednesday following insider selling activity. The company traded as low as $192.40 and last traded at $198.47. 21,870,649 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 23,388,990 shares. The stock had previously closed at $202.29.

Specifically, CAO Scott R. Allen sold 8,800 shares of the business's stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the transaction, the chief accounting officer owned 40,237 shares in the company, valued at $8,450,574.74. The trade was a 17.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Wall Street Analysts Forecast Growth

MU has been the topic of several research analyst reports. CLSA initiated coverage on shares of Micron Technology in a research report on Wednesday, August 27th. They set an "outperform" rating and a $155.00 target price on the stock. Rosenblatt Securities boosted their target price on shares of Micron Technology from $200.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. UBS Group boosted their target price 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. BNP Paribas raised shares of Micron Technology from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, October 13th. Finally, Barclays boosted their target price on shares of Micron Technology from $195.00 to $240.00 and gave the stock an "overweight" rating in a research report on Monday. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $200.64.

Micron Technology Stock Performance

The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $222.78 billion, a PE ratio of 26.15, a PEG ratio of 0.46 and a beta of 1.56. The firm has a 50-day moving average of $154.35 and a two-hundred day moving average of $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 the consensus estimate of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. 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 business posted $1.18 EPS. The business's revenue was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

Hedge Funds Weigh In On Micron Technology

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Command Advisory Services Inc. grew its stake 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 during the period. Howard Hughes Medical Institute acquired a new position in Micron Technology in the second quarter valued at $30,000. AlphaQuest LLC lifted its position in Micron Technology by 13,250.0% during the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer's stock worth $33,000 after buying an additional 265 shares during the period. WealthCollab LLC lifted its position in Micron Technology by 4,500.0% during the second quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer's stock worth $34,000 after buying an additional 270 shares during the period. Finally, Accordant Advisory Group Inc boosted its position in shares of Micron Technology by 200.0% in the third quarter. Accordant Advisory Group Inc now owns 300 shares of the semiconductor manufacturer's stock worth $50,000 after acquiring an additional 200 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

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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