Micron Technology, Inc. $MU Shares Sold by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. lessened its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 27.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 259,453 shares of the semiconductor manufacturer’s stock after selling 100,431 shares during the period. Donald Smith & CO. Inc.’s holdings in Micron Technology were worth $31,978,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MU. First Command Advisory Services Inc. boosted its holdings in shares of Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 153 shares during the period. AlphaQuest LLC raised its holdings in Micron Technology by 13,250.0% during the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 265 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Micron Technology in the second quarter valued at approximately $37,000. Dogwood Wealth Management LLC boosted its position in shares of Micron Technology by 259.6% during the 2nd quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock worth $44,000 after purchasing an additional 257 shares in the last quarter. Finally, Solstein Capital LLC acquired a new position in Micron Technology during the second quarter worth about $45,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MU. New Street Research restated a “neutral” rating on shares of Micron Technology in a research report on Tuesday, October 14th. BNP Paribas raised Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 13th. The Goldman Sachs Group lifted their price target on shares of Micron Technology from $180.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James Financial lifted their price objective on Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Finally, KeyCorp upped their price target on shares of Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus price target of $221.46.

Micron Technology Stock Performance

Shares of MU opened at $237.22 on Friday. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $260.58. The firm has a fifty day moving average of $215.54 and a 200-day moving average of $154.46. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The company has a market cap of $266.67 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 0.50 and a beta of 1.54.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $11.05 billion. During the same period last year, the company posted $1.18 EPS. The firm’s quarterly revenue was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities 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. Stockholders of record on Friday, October 3rd were issued 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 dividend yield of 0.2%. Micron Technology’s payout ratio is currently 6.06%.

Insider Activity

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of Micron Technology 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 in the company, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $1,848,176.00. Following the sale, the chief accounting officer directly owned 40,237 shares in the company, valued at approximately $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 399,852 shares of company stock worth $84,048,737 in the last quarter. Insiders own 0.30% of the company’s stock.

Micron Technology Company 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.