Micron Technology, Inc. $MU Shares Sold by City State Bank

City State Bank trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,485 shares of the semiconductor manufacturer’s stock after selling 440 shares during the period. City State Bank’s holdings in Micron Technology were worth $2,032,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MU. Nuveen LLC acquired a new stake in Micron Technology in the 1st quarter valued at $369,191,000. Vanguard Group Inc. increased its holdings in Micron Technology by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after purchasing an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Micron Technology by 23.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after purchasing an additional 2,038,641 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Micron Technology by 26.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after purchasing an additional 1,416,174 shares in the last quarter. Finally, Keystone Investors PTE Ltd. acquired a new stake in Micron Technology in the 1st quarter valued at $96,253,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MU shares. Rosenblatt Securities increased their price target on Micron Technology from $200.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Raymond James Financial upped their price objective on shares of Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Cantor Fitzgerald upped their price objective on shares of Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Arete Research raised shares of Micron Technology to a “strong-buy” rating in a research report on Friday, July 18th. Finally, Susquehanna upped their price objective on shares of Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday, September 17th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $200.64.

Micron Technology Stock Up 6.0%

NASDAQ:MU opened at $219.02 on Friday. The company has a market capitalization of $245.84 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 0.47 and a beta of 1.56. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $219.82. The stock has a 50-day simple moving average of $159.43 and a 200 day simple moving average of $122.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $11.05 billion. During the same period last year, the firm earned $1.18 earnings per share. The company’s revenue for the quarter 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. Sell-side analysts predict that Micron Technology, Inc. will post 6.08 EPS 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 issued a $0.115 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is currently 6.06%.

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the transaction, the executive vice president owned 131,580 shares of the company’s stock, valued at $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was 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 directly owned 40,237 shares in the company, valued at $8,450,574.74. This represents a 17.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,256 shares of company stock valued at $25,564,625 over the last quarter. Insiders own 0.30% of the company’s stock.

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.