Migdal Insurance & Financial Holdings Ltd. Sells 161,659 Shares of Micron Technology, Inc. $MU

Migdal Insurance & Financial Holdings Ltd. cut its position in Micron Technology, Inc. (NASDAQ:MU) by 96.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,626 shares of the semiconductor manufacturer’s stock after selling 161,659 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Micron Technology were worth $817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kera Capital Partners Inc. bought a new position in shares of Micron Technology in the second quarter valued at $211,000. Tcfg Wealth Management LLC bought a new position in shares of Micron Technology in the second quarter valued at $208,000. Krilogy Financial LLC boosted its position in Micron Technology by 21.5% during the second quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer’s stock worth $3,351,000 after purchasing an additional 4,812 shares during the period. Quintet Private Bank Europe S.A. boosted its position in Micron Technology by 12.1% during the second quarter. Quintet Private Bank Europe S.A. now owns 17,325 shares of the semiconductor manufacturer’s stock worth $2,135,000 after purchasing an additional 1,875 shares during the period. Finally, Kercheville Advisors LLC boosted its position in Micron Technology by 52.1% during the second quarter. Kercheville Advisors LLC now owns 17,301 shares of the semiconductor manufacturer’s stock worth $2,132,000 after purchasing an additional 5,926 shares during the period. 80.84% of the stock is owned by institutional investors.

Micron Technology Trading Up 0.8%

MU opened at $221.91 on Wednesday. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $224.98. The company has a 50-day simple moving average of $163.36 and a 200 day simple moving average of $124.89. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $249.09 billion, a price-to-earnings ratio of 29.24, a P/E/G ratio of 0.50 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting the consensus estimate of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. 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 prior year, the business posted $1.18 earnings per share. Micron Technology’s revenue 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. Analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 annualized dividend and a yield of 0.2%. Micron Technology’s dividend payout ratio is currently 6.06%.

Wall Street Analyst Weigh In

MU has been the subject of a number of research analyst reports. Cantor Fitzgerald lifted their price objective on shares of Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Rosenblatt Securities lifted their price objective on shares of Micron Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. New Street Research reaffirmed a “neutral” rating on shares of Micron Technology in a research report on Tuesday, October 14th. Finally, Barclays lifted their price objective on shares of Micron Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $202.79.

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 19,761 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $203.12, for a total transaction of $4,013,854.32. Following the completion of the transaction, the chief executive officer owned 469,078 shares of the company’s stock, valued at approximately $95,279,123.36. The trade was a 4.04% decrease in their ownership of the stock. The sale 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 business’s stock in a transaction dated 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. The trade was a 10.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 144,256 shares of company stock worth $25,564,625. 0.30% of the stock is owned by company insiders.

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.