Insider Selling: Micron Technology (NASDAQ:MU) EVP Sells $43,357,600.00 in Stock

Micron Technology, Inc. (NASDAQ:MU) EVP April Arnzen sold 40,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the sale, the executive vice president directly owned 85,737 shares of the company’s stock, valued at $92,933,763.78. The trade was a 31.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Micron Technology Stock Performance

NASDAQ:MU opened at $948.80 on Thursday. The company’s 50-day moving average price is $904.31 and its 200-day moving average price is $570.24. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.07 trillion, a P/E ratio of 21.48 and a beta of 2.14. Micron Technology, Inc. has a twelve month low of $103.38 and a twelve month high of $1,255.00.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data 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 during 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%. Micron Technology’s revenue was up 345.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, sell-side analysts forecast that Micron Technology, Inc. will post 72.94 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared 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. The ex-dividend date is Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is 1.36%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MU. Wedbush lifted their price objective on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Bank of America upped their target price on Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Rosenblatt Securities boosted their price target on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Finally, Morgan Stanley upped their price objective on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Five analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $1,263.76.

Hedge Funds Weigh In On Micron Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of MU. Norges Bank acquired a new stake in shares of Micron Technology during the fourth quarter worth about $6,433,456,000. AQR Capital Management LLC boosted its stake in shares of Micron Technology by 411.9% in the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock valued at $606,873,000 after purchasing an additional 2,918,535 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Micron Technology by 1,340.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer’s stock valued at $805,148,000 after purchasing an additional 2,625,169 shares in the last quarter. Amundi increased its stake in Micron Technology by 65.0% during the 4th quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer’s stock worth $1,424,025,000 after buying an additional 1,965,319 shares during the period. Finally, Vanguard Group Inc. increased its stake in Micron Technology by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after buying an additional 1,954,644 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron’s record earnings, strong AI memory demand, and upbeat guidance continue to support the long-term growth story. Zacks: Micron Stock Drops 10% After Earnings – Is This a Buying Opportunity?
• Positive Sentiment: Micron landed a long-term supply deal with Ford, improving revenue visibility and reinforcing demand for its automotive memory products. TheStreet: Micron’s Ford deal shows automakers racing to outbid AI for chips
• Positive Sentiment: Some analysts remain bullish, arguing the recent selloff has made Micron more attractive and that AI demand still supports the chip cycle. Benzinga: Micron, Broadcom Just Got 25% Cheaper
• Neutral Sentiment: The stock is moving with the broader memory-chip trade, so sector volatility is amplifying MU’s swings more than company-specific fundamentals are changing. MarketWatch: Micron’s stock falls as investors wonder if the memory market is near the top
• Neutral Sentiment: Some coverage highlights insider selling and bear-market technical damage, which may keep sentiment cautious in the near term. InsiderTrades: Micron Technology EVP April Arnzen Sells 40,000 Shares

About Micron Technology

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.