Lynn Dugle Sells 1,300 Shares of Micron Technology (NASDAQ:MU) Stock

Micron Technology, Inc. (NASDAQ:MU) Director Lynn Dugle sold 1,300 shares of Micron Technology stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the sale, the director owned 17,728 shares in the company, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $975.56 on Friday. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.10 trillion, a PE ratio of 22.09 and a beta of 2.14. The business has a 50 day moving average of $876.93 and a 200 day moving average of $552.77. Micron Technology, Inc. has a 52 week low of $103.38 and a 52 week high of $1,255.00.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm’s revenue for the quarter was up 345.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts forecast that Micron Technology, Inc. will post 72.94 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, July 6th. Micron Technology’s dividend payout ratio (DPR) is currently 1.36%.

Micron Technology News Roundup

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

• Positive Sentiment: Micron continues to benefit from strong earnings, tight memory-chip supply, and bullish analyst views following its blowout quarterly report. The Single Most Important Number from Micron’s Monster Earnings Report
• Positive Sentiment: A new long-term supply deal with General Motors broadens Micron’s customer base and supports demand visibility beyond AI data centers. General Motors Secures Micron Deal For Future Software Defined Vehicles
• Neutral Sentiment: Micron’s $250 million Trump Accounts commitment is generating headlines, but it is unlikely to materially affect near-term earnings. Micron Technology Announces $250 Mln Investment In Trump Accounts
• Negative Sentiment: Broad selling in semiconductor and memory stocks, along with fears of future oversupply, is pressuring MU alongside peers like SanDisk and Seagate. Micron Stock Extends Decline Despite Trump’s Praise and Bullish Analyst Views
• Negative Sentiment: Michael Burry’s new short position against Micron added a high-profile bearish catalyst and may be fueling caution around the stock. Michael Burry Says He Shorted Micron Technology

Hedge Funds Weigh In On Micron Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the business. High Note Wealth LLC boosted its position in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 34 shares in the last quarter. Elevation Wealth Partners LLC increased its position in Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 71 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Micron Technology during the 1st quarter valued at approximately $27,000. Steigerwald Gordon & Koch Inc. raised its stake in Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 96 shares during the last quarter. Finally, Bayban purchased a new position in Micron Technology during the fourth quarter valued at $29,000. Institutional investors own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MU. TD Cowen increased their price target on shares of Micron Technology from $1,500.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 price objective on shares of Micron Technology in a report on Monday, June 22nd. Citigroup lifted their price objective on Micron Technology from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Erste Group Bank upgraded Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Finally, Needham & Company LLC increased their target price on Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $1,263.76.

Micron Technology Company Profile

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.