Micron Technology (NASDAQ:MU) Stock Price Down 5.5% on Insider Selling

Micron Technology, Inc. (NASDAQ:MU) traded down 5.5% during trading on Thursday following insider selling activity. The company traded as low as $950.28 and last traded at $975.56. Approximately 60,719,476 shares were traded during mid-day trading, an increase of 32% from the average daily volume of 46,012,746 shares. The stock had previously closed at $1,032.28.

Specifically, Director Lynn A. Dugle sold 1,300 shares of the business’s 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 transaction of $1,495,559.00. Following the sale, the director owned 17,728 shares of the company’s stock, valued at $20,394,823.04. The trade was a 6.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sanjay Mehrotra sold 28,506 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of $1,149.28, for a total value of $32,761,375.68. Following the transaction, the chief executive officer directly owned 355,997 shares of the company’s stock, valued at approximately $409,140,232.16. The trade was a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In other Micron Technology news, CEO Sanjay Mehrotra sold 11,494 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $1,180.96, for a total value of $13,573,954.24. Following the sale, the chief executive officer directly owned 344,503 shares in the company, valued at approximately $406,844,262.88. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

A number of analysts recently commented on MU shares. UBS Group boosted their target price on shares of Micron Technology from $535.00 to $1,625.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Cantor Fitzgerald restated an “overweight” rating and issued a $1,500.00 price target on shares of Micron Technology in a research report on Thursday, June 25th. TD Cowen upped their price target on Micron Technology from $1,500.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Erste Group Bank upgraded Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Finally, Mizuho lifted their target price on Micron Technology from $1,150.00 to $1,375.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $1,263.76.

Key Headlines Impacting Micron Technology

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

Micron Technology Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The firm has a market cap of $1.10 trillion, a price-to-earnings ratio of 22.09 and a beta of 2.14. The stock’s fifty day moving average price is $876.93 and its 200-day moving average price is $552.77.

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

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s payout ratio is presently 1.36%.

Hedge Funds Weigh In On Micron Technology

Hedge funds have recently modified their holdings of the stock. Silverleafe Capital Partners LLC grew its position in Micron Technology by 193.5% in the second quarter. Silverleafe Capital Partners LLC now owns 5,307 shares of the semiconductor manufacturer’s stock worth $6,126,000 after acquiring an additional 3,499 shares in the last quarter. Box Hill Private Wealth LLC increased its position in Micron Technology by 34.9% during the second quarter. Box Hill Private Wealth LLC now owns 1,126 shares of the semiconductor manufacturer’s stock worth $1,299,000 after buying an additional 291 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Micron Technology by 6.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 4,406 shares of the semiconductor manufacturer’s stock valued at $5,086,000 after buying an additional 253 shares in the last quarter. KERR FINANCIAL PLANNING Corp lifted its position in shares of Micron Technology by 9.3% in the second quarter. KERR FINANCIAL PLANNING Corp now owns 774 shares of the semiconductor manufacturer’s stock worth $892,000 after buying an additional 66 shares during the last quarter. Finally, Hilltop National Bank boosted its stake in shares of Micron Technology by 8.3% during the 2nd quarter. Hilltop National Bank now owns 3,639 shares of the semiconductor manufacturer’s stock worth $4,200,000 after acquiring an additional 280 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

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.