Metis Global Partners LLC Sells 4,037 Shares of Micron Technology, Inc. $MU

Metis Global Partners LLC cut its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 7.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,454 shares of the semiconductor manufacturer’s stock after selling 4,037 shares during the quarter. Metis Global Partners LLC’s holdings in Micron Technology were worth $5,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of MU. Brighton Jones LLC increased its stake in shares of Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after buying an additional 976 shares during the period. Rehmann Capital Advisory Group grew its holdings in Micron Technology by 7.5% in the 1st quarter. Rehmann Capital Advisory Group now owns 3,361 shares of the semiconductor manufacturer’s stock worth $292,000 after acquiring an additional 234 shares during the last quarter. Leavell Investment Management Inc. increased its position in shares of Micron Technology by 10.3% in the first quarter. Leavell Investment Management Inc. now owns 3,793 shares of the semiconductor manufacturer’s stock valued at $330,000 after acquiring an additional 355 shares during the period. Allworth Financial LP increased its position in shares of Micron Technology by 8.0% in the first quarter. Allworth Financial LP now owns 9,416 shares of the semiconductor manufacturer’s stock valued at $818,000 after acquiring an additional 699 shares during the period. Finally, Xponance Inc. raised its stake in shares of Micron Technology by 3.1% during the first quarter. Xponance Inc. now owns 159,189 shares of the semiconductor manufacturer’s stock valued at $13,832,000 after acquiring an additional 4,782 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $237.92 on Friday. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $246.41. The firm has a market capitalization of $267.06 billion, a P/E ratio of 31.35, a P/E/G ratio of 0.51 and a beta of 1.62. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $181.33 and a two-hundred day simple moving average of $133.88.

Micron Technology (NASDAQ:MU) last released its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same period in the prior year, the firm earned $1.18 EPS. The company’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. On average, equities analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were paid a dividend of $0.115 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is currently 6.06%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MU. CLSA started coverage on Micron Technology in a report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price target on the stock. Weiss Ratings upgraded Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, November 1st. Mizuho boosted their target price on Micron Technology from $240.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Susquehanna raised their price target on Micron Technology from $160.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, September 17th. Finally, UBS Group lifted their price target on shares of Micron Technology from $225.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Five analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Micron Technology presently has an average rating of “Buy” and a consensus target price of $205.64.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 22,500 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $220.72, for a total value of $4,966,200.00. Following the sale, the chief executive officer directly owned 446,578 shares of the company’s stock, valued at $98,568,696.16. The trade was a 4.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the company’s 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 completion of the sale, the executive vice president owned 131,580 shares in the company, valued at $21,584,383.20. The trade was a 10.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 397,256 shares of company stock valued at $82,321,039 over the last ninety days. Company insiders own 0.30% of the company’s stock.

Micron Technology 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.