Panagora Asset Management Inc. Sells 10,540 Shares of Micron Technology, Inc. $MU

Panagora Asset Management Inc. decreased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 47.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,610 shares of the semiconductor manufacturer’s stock after selling 10,540 shares during the quarter. Panagora Asset Management Inc.’s holdings in Micron Technology were worth $1,431,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Brighton Jones LLC grew its position in shares of Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after purchasing an additional 976 shares in the last quarter. Cary Street Partners Financial LLC boosted its stake in Micron Technology by 55.9% in the 1st quarter. Cary Street Partners Financial LLC now owns 20,899 shares of the semiconductor manufacturer’s stock worth $1,816,000 after purchasing an additional 7,493 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in Micron Technology by 52.5% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,052 shares of the semiconductor manufacturer’s stock valued at $91,000 after buying an additional 362 shares in the last quarter. Wealthspire Advisors LLC raised its position in shares of Micron Technology by 103.7% during the first quarter. Wealthspire Advisors LLC now owns 11,546 shares of the semiconductor manufacturer’s stock valued at $1,003,000 after buying an additional 5,877 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Micron Technology by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock worth $922,467,000 after buying an additional 2,038,641 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Down 3.2%

Shares of NASDAQ MU opened at $226.65 on Friday. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $260.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The business’s 50 day moving average is $213.95 and its two-hundred day moving average is $153.10. The stock has a market capitalization of $254.78 billion, a P/E ratio of 29.86, a PEG ratio of 0.49 and a beta of 1.54.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The firm had revenue of $11.32 billion during 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 company’s quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Insider Activity

In related news, CEO Sanjay Mehrotra sold 3,743 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the sale, the chief executive officer directly owned 396,578 shares of the company’s stock, valued at $92,557,339.42. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the sale, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 399,852 shares of company stock worth $84,048,737. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

MU has been the subject of several research analyst reports. Wedbush raised their target price on shares of Micron Technology from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Morgan Stanley raised their price objective on Micron Technology to $338.00 and gave the company an “overweight” rating in a research report on Monday, November 24th. Itau BBA Securities initiated coverage on Micron Technology in a report on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 target price on the stock. Erste Group Bank began coverage on Micron Technology in a research note on Thursday, August 14th. They set a “buy” rating for the company. Finally, Rosenblatt Securities lifted their price objective on Micron Technology from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $221.46.

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.