Micron Technology, Inc. $MU Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,777,026 shares of the semiconductor manufacturer’s stock after selling 77,888 shares during the period. California Public Employees Retirement System’s holdings in Micron Technology were worth $219,018,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. grew its stake in shares of Micron Technology by 225.0% during 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 in the last quarter. AlphaQuest LLC lifted its stake in shares of Micron Technology by 13,250.0% in the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after acquiring an additional 265 shares in the last quarter. Hilltop National Bank purchased a new position in Micron Technology in the second quarter valued at about $37,000. Saudi Central Bank acquired a new stake in Micron Technology during the 1st quarter valued at approximately $38,000. Finally, Dogwood Wealth Management LLC grew its stake in Micron Technology by 259.6% during the 2nd quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock valued at $44,000 after purchasing an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling

In other news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the sale, the executive vice president directly owned 131,580 shares in the company, valued at approximately $21,584,383.20. This represents a 10.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 22,500 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $220.72, for a total value of $4,966,200.00. Following the transaction, the chief executive officer owned 446,578 shares of the company’s stock, valued at $98,568,696.16. This represents a 4.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 399,852 shares of company stock valued at $84,048,737 over the last three months. 0.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings raised Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, November 1st. BNP Paribas raised shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a report on Monday, October 13th. Wolfe Research increased their price objective on shares of Micron Technology from $200.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Cantor Fitzgerald boosted their target price on shares of Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Finally, BNP Paribas Exane upgraded shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 target price on the stock in a research note on Monday, October 13th. Five 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $221.46.

Micron Technology Stock Up 4.7%

Shares of NASDAQ:MU opened at $237.22 on Monday. The stock has a market capitalization 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, Inc. has a 1-year low of $61.54 and a 1-year high of $260.58. The company’s fifty day moving average is $215.54 and its two-hundred day moving average is $154.87. 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 (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, beating the consensus estimate of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same period in the previous year, the business posted $1.18 EPS. The company’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. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The business also recently announced 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 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 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.