Micron Technology, Inc. $MU Holdings Trimmed by Banco Santander S.A.

Banco Santander S.A. trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 15.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,052 shares of the semiconductor manufacturer’s stock after selling 12,943 shares during the period. Banco Santander S.A.’s holdings in Micron Technology were worth $8,757,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. AlphaQuest LLC boosted its stake in shares of Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 265 shares during the period. AllSquare Wealth Management LLC lifted its position in Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after acquiring an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in Micron Technology during the 1st quarter worth $36,000. Hilltop National Bank acquired a new position in Micron Technology during the 2nd quarter worth $37,000. Finally, Saudi Central Bank acquired a new position in shares of Micron Technology during the first quarter valued at about $38,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Summit Insights raised shares of Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. Cantor Fitzgerald raised their price objective on shares of Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Susquehanna increased their price target on shares of Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, September 17th. BNP Paribas raised shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 13th. Finally, KGI Securities raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $201.89.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Richard M. Beyer sold 5,552 shares of Micron Technology stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total value of $864,335.36. Following the sale, the director directly owned 96,031 shares in the company, valued at approximately $14,950,106.08. The trade was a 5.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott R. Allen sold 8,800 shares of Micron Technology 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 completion of the sale, the chief accounting officer owned 40,237 shares in the company, valued at $8,450,574.74. The trade was a 17.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,256 shares of company stock valued at $25,564,625 over the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Micron Technology Trading Up 0.5%

Shares of NASDAQ:MU opened at $220.10 on Tuesday. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $224.98. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $161.36 and its 200 day simple moving average is $123.83. The firm has a market cap of $247.06 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 0.50 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting analysts’ consensus estimates of $2.86. 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 for the quarter, compared to analyst estimates of $11.05 billion. During the same period last year, the business posted $1.18 earnings per share. 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, research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, October 3rd. Micron Technology’s payout ratio is presently 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.