Micron Technology, Inc. $MU Shares Sold by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co lowered its holdings in Micron Technology, Inc. (NASDAQ:MU) by 7.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,997 shares of the semiconductor manufacturer’s stock after selling 313 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Micron Technology were worth $493,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Achmea Investment Management B.V. purchased a new position in shares of Micron Technology during the 2nd quarter worth about $3,759,000. KLP Kapitalforvaltning AS increased its position in Micron Technology by 6.2% during the second quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock worth $49,683,000 after purchasing an additional 23,600 shares during the last quarter. Cornerstone Investment Partners LLC increased its position in Micron Technology by 1.6% during the second quarter. Cornerstone Investment Partners LLC now owns 773,768 shares of the semiconductor manufacturer’s stock worth $95,367,000 after purchasing an additional 12,061 shares during the last quarter. Moors & Cabot Inc. raised its stake in Micron Technology by 6.4% during the second quarter. Moors & Cabot Inc. now owns 23,111 shares of the semiconductor manufacturer’s stock worth $2,848,000 after purchasing an additional 1,386 shares during the period. Finally, Tcfg Wealth Management LLC acquired a new position in shares of Micron Technology in the 2nd quarter valued at $208,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MU shares. Bank of America boosted their price objective on shares of Micron Technology from $140.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, September 24th. Morgan Stanley boosted their price target on Micron Technology from $220.00 to $325.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Erste Group Bank began coverage on Micron Technology in a research note on Thursday, August 14th. They set a “buy” rating for the company. Wall Street Zen lowered Micron Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, UBS Group boosted their target price on Micron Technology from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $214.57.

Insider Activity

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the transaction, the chief accounting officer owned 40,237 shares in the company, valued at $8,450,574.74. The trade was a 17.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the transaction, the executive vice president directly owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 409,756 shares of company stock valued at $85,308,033 in the last 90 days. Company insiders own 0.30% of the company’s stock.

Micron Technology Price Performance

MU stock opened at $225.92 on Thursday. The firm has a market cap of $253.59 billion, a P/E ratio of 29.77, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. 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, Inc. has a 1 year low of $61.54 and a 1 year high of $260.58. The stock has a 50-day simple moving average of $199.35 and a 200-day simple moving average of $142.96.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm 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 earned $1.18 EPS. Micron Technology’s quarterly 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 predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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