Micron Technology, Inc. $MU Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its position in Micron Technology, Inc. (NASDAQ:MU) by 0.2% during the second quarter, HoldingsChannel.com reports. The fund owned 151,075 shares of the semiconductor manufacturer’s stock after selling 241 shares during the period. Yousif Capital Management LLC’s holdings in Micron Technology were worth $18,620,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. HMS Capital Management LLC raised its holdings in shares of Micron Technology by 0.6% in the 2nd quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock valued at $2,375,000 after buying an additional 107 shares during the period. D.B. Root & Company LLC raised its holdings in shares of Micron Technology by 3.7% in the 1st quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock valued at $262,000 after buying an additional 108 shares during the period. Werlinich Asset Management LLC raised its holdings in shares of Micron Technology by 1.1% in the 2nd quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer’s stock valued at $1,317,000 after buying an additional 115 shares during the period. Rise Advisors LLC raised its holdings in shares of Micron Technology by 5.3% in the 1st quarter. Rise Advisors LLC now owns 2,373 shares of the semiconductor manufacturer’s stock valued at $206,000 after buying an additional 120 shares during the period. Finally, Orca Wealth Management LLC raised its holdings in shares of Micron Technology by 1.5% in the 1st quarter. Orca Wealth Management LLC now owns 8,485 shares of the semiconductor manufacturer’s stock valued at $737,000 after buying an additional 129 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MU has been the topic of several research analyst reports. Itau BBA Securities initiated coverage on Micron Technology in a report on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Micron Technology in a report on Saturday, September 27th. Cantor Fitzgerald boosted their price objective on Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft upped their price target on Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, Wall Street Zen upgraded Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $191.78.

Insider Activity at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 21,563 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was 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 directly owned 272,648 shares of the company’s stock, valued at approximately $51,385,968.56. This trade represents a 7.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the transaction, the executive vice president directly owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,956 shares of company stock valued at $22,841,025 in the last three months. 0.30% of the stock is currently owned by company insiders.

Micron Technology Trading Down 5.6%

NASDAQ:MU opened at $181.60 on Monday. The stock has a 50-day simple moving average of $142.80 and a 200-day simple moving average of $114.16. The stock has a market cap of $203.84 billion, a P/E ratio of 23.93, a P/E/G ratio of 0.40 and a beta of 1.56. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $201.00. 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 released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.86. The business had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Friday, October 3rd will be given a $0.115 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.3%. Micron Technology’s dividend payout ratio is 6.06%.

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.