Micron Technology, Inc. $MU Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 65.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,474 shares of the semiconductor manufacturer’s stock after selling 4,760 shares during the period. Fox Run Management L.L.C.’s holdings in Micron Technology were worth $305,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after acquiring an additional 976 shares during the period. Edgestream Partners L.P. increased its holdings in shares of Micron Technology by 84.0% in the first quarter. Edgestream Partners L.P. now owns 8,630 shares of the semiconductor manufacturer’s stock valued at $750,000 after purchasing an additional 3,940 shares during the period. Larson Financial Group LLC raised its stake in shares of Micron Technology by 273.5% in the first quarter. Larson Financial Group LLC now owns 3,970 shares of the semiconductor manufacturer’s stock worth $345,000 after purchasing an additional 2,907 shares during the last quarter. Bridgewater Advisors Inc. acquired a new stake in shares of Micron Technology during the first quarter worth about $306,000. Finally, Summit X LLC acquired a new stake in shares of Micron Technology during the first quarter worth about $207,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Stock Performance

MU opened at $236.95 on Friday. The firm has a fifty day moving average price of $191.24 and a 200 day moving average price of $138.13. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $257.07. The stock has a market cap of $265.97 billion, a P/E ratio of 31.22, a P/E/G ratio of 0.51 and a beta of 1.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the previous year, the company earned $1.18 earnings per share. The firm’s revenue for the quarter was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently weighed in on MU shares. Wedbush increased their price target on shares of Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. KeyCorp upped their price objective on shares of Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Needham & Company LLC increased their price objective on shares of Micron Technology from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. TD Cowen boosted their target price on shares of Micron Technology from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, Wall Street Zen raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 12th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $209.39.

Insiders Place Their Bets

In other news, CEO Sanjay Mehrotra sold 22,500 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the transaction, the chief executive officer owned 446,578 shares in the company, valued at $98,568,696.16. This trade represents a 4.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the sale, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. This represents a 10.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 409,756 shares of company stock worth $85,308,033. Company insiders own 0.30% of the company’s stock.

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.