Stock Traders Buy Large Volume of Micron Technology Call Options (NASDAQ:MU)

Key Points

• Micron Technology saw significant trading activity with 235,323 call options purchased, representing a 9% increase compared to the usual daily volume.
• The company's stock price rose by 5.4% to $202.25, and it reported a strong quarterly revenue of $11.32 billion, exceeding analysts' expectations.
• Micron announced a quarterly dividend of $0.115 per share, reflecting a yield of 0.2%, and affirmed its earnings guidance for Q1 2026 between 3.600-3.900 EPS.

Micron Technology, Inc. (NASDAQ:MU - Get Free Report) saw some unusual options trading on Thursday. Traders bought 235,323 call options on the stock. This is an increase of approximately 9% compared to the typical daily volume of 215,810 call options.

Micron Technology Stock Up 5.4%

Shares of MU stock traded up $10.31 during trading hours on Thursday, reaching $202.25. 27,401,644 shares of the company's stock were exchanged, compared to its average volume of 23,361,273. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Micron Technology has a fifty-two week low of $61.54 and a fifty-two week high of $206.34. The company has a market cap of $227.02 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 0.41 and a beta of 1.56. The stock's 50 day moving average is $147.72 and its 200-day moving average is $115.92.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data 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 return on equity of 17.21% and a net margin of 22.84%.The business had revenue of $11.32 billion during the quarter, compared to analysts' expectations of $11.05 billion. During the same quarter in the previous year, the firm posted $1.18 EPS. The company's revenue for the quarter was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Analysts predict that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be given a $0.115 dividend. The ex-dividend date is 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 currently 6.06%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MU. BNP Paribas raised shares of Micron Technology from a "strong sell" rating to a "strong-buy" rating in a research report on Monday. Piper Sandler upped their price objective on Micron Technology from $165.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, September 24th. The Goldman Sachs Group boosted their price objective on Micron Technology from $145.00 to $180.00 and gave the company a "neutral" rating in a research report on Thursday, October 9th. Wells Fargo & Company boosted their price target on shares of Micron Technology from $170.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. Finally, KGI Securities raised Micron Technology from a "hold" rating to a "strong-buy" 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 issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $196.71.

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of the company's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the sale, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. This represents a 10.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Mehrotra sold 21,563 shares of the firm's stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the completion of the sale, the chief executive officer owned 272,648 shares in the company, valued at $51,385,968.56. This represents a 7.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,956 shares of company stock worth $22,841,025 over the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MU. KRS Capital Management LLC increased its stake in shares of Micron Technology by 16.2% during the third quarter. KRS Capital Management LLC now owns 6,484 shares of the semiconductor manufacturer's stock worth $1,085,000 after buying an additional 906 shares during the period. Richards Merrill & Peterson Inc. grew its holdings in shares of Micron Technology by 26.0% during the third quarter. Richards Merrill & Peterson Inc. now owns 5,303 shares of the semiconductor manufacturer's stock worth $887,000 after buying an additional 1,093 shares during the last quarter. Regent Peak Wealth Advisors LLC purchased a new position in Micron Technology in the 3rd quarter valued at $419,000. HBK Sorce Advisory LLC boosted its position in shares of Micron Technology by 3.5% during the 3rd quarter. HBK Sorce Advisory LLC now owns 6,128 shares of the semiconductor manufacturer's stock worth $1,025,000 after purchasing an additional 205 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Micron Technology by 0.5% in the third quarter. Blue Trust Inc. now owns 10,633 shares of the semiconductor manufacturer's stock valued at $1,779,000 after buying an additional 53 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

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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