Paradigm Asset Management Co. LLC Sells 15,500 Shares of Micron Technology, Inc. $MU

Paradigm Asset Management Co. LLC lessened its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 94.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 900 shares of the semiconductor manufacturer’s stock after selling 15,500 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Micron Technology were worth $111,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Nuveen LLC purchased a new position in Micron Technology during the first quarter worth about $369,191,000. Vanguard Group Inc. boosted its position in shares of Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after acquiring an additional 2,049,163 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Micron Technology by 23.8% during the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock worth $922,467,000 after purchasing an additional 2,038,641 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Micron Technology by 26.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock worth $590,807,000 after purchasing an additional 1,416,174 shares during the last quarter. Finally, Keystone Investors PTE Ltd. purchased a new stake in Micron Technology in the first quarter valued at approximately $96,253,000. 80.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MU shares. Rosenblatt Securities boosted their price target on shares of Micron Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. KeyCorp increased their target price on Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. BNP Paribas raised Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 13th. Piper Sandler upped their price objective on Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Finally, Arete Research raised Micron Technology to a “strong-buy” rating in a report on Friday, July 18th. Five research 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 stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $205.64.

Insider Activity

In related news, CFO Mark J. Murphy sold 126,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the sale, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Mehrotra sold 10,602 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $225.23, for a total value of $2,387,888.46. Following the transaction, the chief executive officer directly owned 409,078 shares of the company’s stock, valued at $92,136,637.94. The trade was a 2.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 397,256 shares of company stock worth $82,321,039 in the last quarter. Insiders own 0.30% of the company’s stock.

Micron Technology Trading Down 0.2%

Shares of MU stock opened at $237.92 on Friday. The stock has a market capitalization of $267.06 billion, a PE ratio of 31.35, a P/E/G ratio of 0.51 and a beta of 1.62. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $246.41. The business has a 50-day moving average of $181.33 and a 200 day moving average of $133.88. 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 announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting analysts’ consensus estimates of $2.86. The business had revenue of $11.32 billion for 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The company 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 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 presently 6.06%.

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.