Micron Technology, Inc. $MU Shares Sold by Voya Investment Management LLC

by · The Markets Daily

Voya Investment Management LLC decreased its stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 29.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,429,722 shares of the semiconductor manufacturer’s stock after selling 1,016,565 shares during the quarter. Voya Investment Management LLC owned about 0.22% of Micron Technology worth $405,979,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MU. Teamwork Financial Advisors LLC raised its holdings in shares of Micron Technology by 0.4% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer’s stock worth $2,505,000 after acquiring an additional 53 shares during the period. 1620 Investment Advisors Inc. raised its stake in Micron Technology by 5.7% during the third quarter. 1620 Investment Advisors Inc. now owns 1,467 shares of the semiconductor manufacturer’s stock worth $245,000 after purchasing an additional 79 shares during the period. Central Valley Advisors LLC raised its stake in Micron Technology by 3.1% during the third quarter. Central Valley Advisors LLC now owns 2,789 shares of the semiconductor manufacturer’s stock worth $467,000 after purchasing an additional 83 shares during the period. 180 Wealth Advisors LLC boosted its holdings in Micron Technology by 1.9% in the 2nd quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer’s stock valued at $645,000 after purchasing an additional 99 shares during the last quarter. Finally, SilverOak Wealth Management LLC grew its stake in shares of Micron Technology by 3.5% in the 2nd quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer’s stock valued at $364,000 after buying an additional 100 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. HSBC started coverage on shares of Micron Technology in a research report on Tuesday, December 9th. They set a “buy” rating and a $330.00 price target on the stock. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. TD Cowen raised their price objective on Micron Technology from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday. Susquehanna boosted their price objective on shares of Micron Technology from $200.00 to $300.00 and gave the company a “positive” rating in a report on Monday, December 8th. Finally, Wolfe Research upped their target price on shares of Micron Technology from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $282.61.

Get Our Latest Research Report on MU

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 22,500 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $220.72, for a total value of $4,966,200.00. Following the sale, the chief executive officer owned 446,578 shares of the company’s stock, valued at $98,568,696.16. This trade represents a 4.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the transaction, the executive vice president owned 131,580 shares of the company’s stock, valued at $21,584,383.20. The trade was a 10.23% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 369,852 shares of company stock valued at $79,364,303. 0.24% of the stock is currently owned by company insiders.

Micron Technology Trading Up 10.2%

NASDAQ MU opened at $248.55 on Friday. The firm has a 50 day simple moving average of $226.67 and a 200-day simple moving average of $163.42. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $264.75. The firm has a market cap of $279.40 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 0.33 and a beta of 1.54.

Micron Technology (NASDAQ:MU – Get Free Report) last announced its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share 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 23.56%. The firm had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $12.62 billion. During the same period in the prior year, the firm earned $1.79 EPS. The firm’s revenue for the quarter was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, December 29th. Micron Technology’s dividend payout ratio (DPR) is presently 6.06%.

Micron Technology Company Profile

(Free Report)

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.

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