Micron Technology, Inc. (MU) to Issue Quarterly Dividend of $0.12 on January 14th

by · The Markets Daily

Micron Technology, Inc. (NASDAQ:MU – Get Free Report) declared a quarterly dividend on Wednesday, December 17th. Investors of record on Monday, December 29th will be paid a dividend of 0.115 per share by the semiconductor manufacturer on Wednesday, January 14th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, December 29th.

Micron Technology has a dividend payout ratio of 4.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Micron Technology to earn $10.67 per share next year, which means the company should continue to be able to cover its $0.46 annual dividend with an expected future payout ratio of 4.3%.

Micron Technology Price Performance

NASDAQ:MU opened at $284.79 on Friday. The stock has a market cap of $320.53 billion, a P/E ratio of 27.07, a PEG ratio of 0.18 and a beta of 1.54. Micron Technology has a one year low of $61.54 and a one year high of $290.87. The company has a fifty day moving average price of $237.05 and a 200 day moving average price of $170.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78.

Micron Technology (NASDAQ:MU – Get Free Report) last posted its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) 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 company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same period last year, the business posted $1.79 EPS. The business’s quarterly revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Analysts anticipate that Micron Technology will post 6.08 earnings per share for the current year.

Insider Buying and Selling

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the transaction, the executive vice president directly owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This trade represents a 34.72% 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 link. Also, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the sale, the executive vice president directly owned 131,580 shares in the company, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 384,300 shares of company stock valued at $83,974,468. 0.24% of the stock is owned by insiders.

Institutional Trading of Micron Technology

Hedge funds have recently modified their holdings of the company. REAP Financial Group LLC bought a new stake in Micron Technology during the 3rd quarter worth approximately $25,000. First Command Advisory Services Inc. boosted its stake in Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 153 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Micron Technology during the third quarter worth $27,000. Howard Hughes Medical Institute bought a new stake in shares of Micron Technology during the second quarter worth $30,000. Finally, AlphaQuest LLC increased its stake in shares of Micron Technology by 13,250.0% in the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 265 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

About Micron Technology

(Get 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.

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