Micron Technology (NASDAQ:MU) CAO Scott Allen Sells 879 Shares of Stock

Micron Technology, Inc. (NASDAQ:MU) CAO Scott Allen sold 879 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the transaction, the chief accounting officer owned 34,958 shares of the company’s stock, valued at $34,958,000. This represents a 2.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Micron Technology Price Performance

Shares of NASDAQ:MU traded down $72.15 during trading on Tuesday, hitting $828.05. 30,686,821 shares of the stock were exchanged, compared to its average volume of 45,521,488. The company has a fifty day moving average price of $970.65 and a two-hundred day moving average price of $628.66. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The company has a market cap of $935.19 billion, a PE ratio of 18.82 and a beta of 2.14. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,255.00.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter last year, the business posted $1.91 earnings per share. The business’s revenue for the quarter was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, analysts forecast that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s payout ratio is presently 1.36%.

Institutional Trading of Micron Technology

Several hedge funds have recently added to or reduced their stakes in the business. Merit Financial Group LLC lifted its holdings in Micron Technology by 13.3% in the second quarter. Merit Financial Group LLC now owns 54,880 shares of the semiconductor manufacturer’s stock worth $63,348,000 after purchasing an additional 6,446 shares during the period. Intergy Private Wealth LLC bought a new stake in shares of Micron Technology during the 2nd quarter worth about $332,000. Diversified Trust Co. lifted its stake in shares of Micron Technology by 15.7% in the 2nd quarter. Diversified Trust Co. now owns 24,456 shares of the semiconductor manufacturer’s stock worth $28,229,000 after acquiring an additional 3,318 shares during the period. 4WEALTH Advisors Inc. bought a new position in shares of Micron Technology in the second quarter valued at approximately $369,000. Finally, GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in shares of Micron Technology by 1.2% in the second quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 27,603 shares of the semiconductor manufacturer’s stock valued at $31,862,000 after acquiring an additional 334 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron remains a favored long-term AI infrastructure investment. Analysts and investment publications point to strong data-center demand, tight memory supply, rising prices and significant earnings growth as potential support for the shares. 3 AI Chip and Memory Behemoths to Buy Ahead of August for Big Upside
• Positive Sentiment: Micron’s latest reported quarter significantly exceeded expectations, with revenue up sharply year over year and earnings above consensus. Proposed U.S. tariffs or restrictions on Chinese memory could also strengthen Micron’s domestic competitive position and pricing power. Micron Technology Stock Information
• Neutral Sentiment: CME’s launch of extended-hours single-stock futures for Micron may improve investors’ ability to hedge or trade the stock around the clock, but it does not change the company’s underlying fundamentals. CME Launches Single Stock Futures
• Negative Sentiment: ChangXin Memory Technologies (CXMT) surged in its Shanghai IPO after raising approximately $8.5 billion. Investors fear the capital will fund rapid expansion of conventional DRAM production, increasing competition and eventually pressuring Micron’s pricing, margins and market share. Chinese Chipmaker CXMT Surges on IPO Day
• Negative Sentiment: Reports that China is advancing domestically developed deep-ultraviolet lithography equipment have intensified worries that Chinese semiconductor companies could narrow the technology gap faster than expected. The pressure has spread across Micron, SanDisk and Asian memory producers. Why Memory Stocks Are Falling
• Negative Sentiment: A broader technology selloff, concerns about expensive data-center financing and investor deleveraging are prompting traders to reduce exposure to the AI memory trade. The decline in South Korean technology stocks has added to the negative sentiment. Why Micron, Nvidia and AMD Stocks Are Plunging

Wall Street Analyst Weigh In

MU has been the topic of several research reports. Wolfe Research set a $1,500.00 target price on Micron Technology in a research report on Thursday, June 25th. DA Davidson raised their target price on Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Bank of America lifted their target price on Micron Technology from $950.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, TD Cowen reaffirmed a “buy” rating on shares of Micron Technology in a report on Friday, July 10th. Four analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Micron Technology presently has an average rating of “Buy” and an average price target of $1,268.93.

Micron Technology Company Profile

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.