Micron Technology, Inc. $MU Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC cut its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 167,423 shares of the semiconductor manufacturer’s stock after selling 13,327 shares during the quarter. Micron Technology accounts for 1.4% of Highland Capital Management LLC’s portfolio, making the stock its 13th largest position. Highland Capital Management LLC’s holdings in Micron Technology were worth $28,013,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MU. Vanguard Group Inc. grew its holdings in Micron Technology by 1.9% during the second quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after acquiring an additional 1,973,294 shares during the period. State Street Corp boosted its position in shares of Micron Technology by 2.7% during the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock valued at $6,331,795,000 after purchasing an additional 1,349,713 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Micron Technology by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock worth $3,152,974,000 after purchasing an additional 314,489 shares during the last quarter. Norges Bank acquired a new position in shares of Micron Technology in the 2nd quarter worth approximately $1,980,700,000. Finally, Invesco Ltd. raised its holdings in shares of Micron Technology by 3.2% in the 2nd quarter. Invesco Ltd. now owns 8,913,450 shares of the semiconductor manufacturer’s stock worth $1,098,583,000 after purchasing an additional 277,507 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $286.98 on Friday. The company’s fifty day moving average is $235.41 and its two-hundred day moving average is $169.49. The company has a market cap of $323.00 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 0.18 and a beta of 1.54. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $289.30. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. The business had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $12.62 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.Micron Technology’s revenue for the quarter was up 56.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th will be given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, December 29th. Micron Technology’s dividend payout ratio is 4.37%.

Insider Buying and Selling at Micron Technology

In related news, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the transaction, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven J. Gomo sold 5,000 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $263.63, for a total transaction of $1,318,150.00. Following the completion of the sale, the director owned 19,139 shares of the company’s stock, valued at approximately $5,045,614.57. The trade was a 20.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 384,300 shares of company stock valued at $83,974,468 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Piper Sandler raised their target price on shares of Micron Technology from $200.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. Cantor Fitzgerald increased their price objective on Micron Technology from $300.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. Needham & Company LLC raised their price objective on Micron Technology from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Stifel Nicolaus boosted their target price on Micron Technology from $195.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $282.61.

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.