4,614 Shares in Micron Technology, Inc. $MU Purchased by Central Bank & Trust Co.

Central Bank & Trust Co. acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) during the third quarter, HoldingsChannel reports. The fund acquired 4,614 shares of the semiconductor manufacturer’s stock, valued at approximately $772,000.

A number of other institutional investors also recently modified their holdings of the stock. 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 purchasing an additional 153 shares during the last quarter. Howard Hughes Medical Institute bought a new position in Micron Technology in the 2nd quarter worth approximately $30,000. AlphaQuest LLC lifted its holdings in Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after buying an additional 265 shares in the last quarter. WealthCollab LLC boosted its position in Micron Technology by 4,500.0% in the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 270 shares during the last quarter. Finally, Hilltop National Bank bought a new position in Micron Technology in the 2nd quarter valued at $37,000. 80.84% of the stock is owned by institutional investors.

Micron Technology Price Performance

Micron Technology stock opened at $265.92 on Friday. The firm has a market capitalization of $298.93 billion, a P/E ratio of 25.28, a PEG ratio of 0.37 and a beta of 1.54. The business has a 50-day moving average of $228.36 and a 200-day moving average of $164.59. The company has a current ratio of 2.46, a quick ratio of 1.79 and a debt-to-equity ratio of 0.19. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $268.38.

Micron Technology (NASDAQ:MUGet Free Report) last released its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same quarter last year, the firm earned $1.79 EPS. Micron Technology’s quarterly revenue was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Monday, December 29th will be given a $0.115 dividend. The ex-dividend date is Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio is currently 6.06%.

Trending Headlines about Micron Technology

Here are the key news stories impacting Micron Technology this week:

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Summit Insights upgraded Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. KGI Securities upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Raymond James Financial upped their target price on shares of Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday. Cantor Fitzgerald raised their target price on shares of Micron Technology from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Wall Street Zen upgraded shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $282.61.

Check Out Our Latest Stock Report on MU

Insider Activity

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the sale, the chief accounting officer directly owned 40,237 shares in the company, valued at $8,450,574.74. This represents a 17.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the completion of the transaction, the chief financial officer owned 219,693 shares of the company’s stock, valued at $49,499,029.83. This trade represents a 36.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 369,852 shares of company stock worth $79,364,303 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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