Steven Gomo Sells 2,000 Shares of Micron Technology (NASDAQ:MU) Stock

Micron Technology, Inc. (NASDAQ:MU) Director Steven Gomo sold 2,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the transaction, the director directly owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This trade represents a 10.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Micron Technology Stock Performance

NASDAQ MU opened at $776.01 on Friday. The firm has a market cap of $875.13 billion, a price-to-earnings ratio of 36.64 and a beta of 1.91. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $472.61 and a 200-day moving average price of $368.17. Micron Technology, Inc. has a twelve month low of $90.93 and a twelve month high of $818.67.

Micron Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 30th. Micron Technology’s dividend payout ratio is currently 2.83%.

Hedge Funds Weigh In On Micron Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cumberland Partners Ltd bought a new position in Micron Technology during the first quarter valued at approximately $2,331,000. Unisphere Establishment bought a new position in Micron Technology during the first quarter valued at approximately $5,574,000. Sustainable Insight Capital Management LLC boosted its stake in Micron Technology by 165.8% during the first quarter. Sustainable Insight Capital Management LLC now owns 2,565 shares of the semiconductor manufacturer’s stock valued at $867,000 after buying an additional 1,600 shares during the last quarter. Boreal Capital Management LLC bought a new position in Micron Technology during the first quarter valued at approximately $237,000. Finally, Senvest Management LLC bought a new position in Micron Technology during the first quarter valued at approximately $8,108,000. 80.84% of the stock is owned by institutional investors.

Micron Technology News Roundup

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Bank of America sharply raised its price target on Micron to $950 from $500 and kept a Buy rating, citing stronger long-term demand for high-performance memory used in AI servers and data centers. BofA Sees More Room for Micron’s AI Rally
• Positive Sentiment: Multiple articles highlighted Micron as a major winner from the AI buildout, with record results, strong sequential growth, and all of its 2026 HBM output already contracted to major tech customers. A Look At Micron Technology (MU) Valuation As AI Memory Demand Drives Record Results And Long Term HBM Contracts
• Positive Sentiment: Micron also unveiled/started sampling a high-capacity 256GB DDR5 server module built on 1-gamma DRAM, reinforcing its positioning in AI and data-center infrastructure. Micron (MU) Samples High-Speed 256GB DDR5 RDIMMs Built on 1-Gamma DRAM Tech
• Neutral Sentiment: Several pieces note that Micron’s valuation has already soared dramatically, so some investors are watching for volatility or a pullback after the steep rally. Micron Investors Face a High-Stakes Moment After the Latest Rally
• Neutral Sentiment: News that a director sold 2,000 shares may add a small overhang, but it looks more like routine insider selling than a fundamental warning. Steven Gomo Sells 2,000 Shares of Micron Technology (NASDAQ:MU) Stock
• Negative Sentiment: One Zacks headline framed the move lower as a reaction to the stock’s sharp recent rally, suggesting traders may be taking profits even as the broader AI narrative stays intact. Micron (MU) Stock Sinks As Market Gains: Here’s Why

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Barclays upped their price objective on Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. DA Davidson assumed coverage on Micron Technology in a research note on Monday. They issued a “buy” rating and a $1,000.00 price objective for the company. Wells Fargo & Company upped their price objective on Micron Technology from $470.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Finally, Morgan Stanley upped their price objective on Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $495.63.

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.