Steven Gomo Sells 2,000 Shares of Micron Technology (NASDAQ:MU) Stock

Micron Technology, Inc. (NASDAQ:MU - Get Free Report) Director Steven Gomo sold 2,000 shares of the company's stock in a transaction on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the transaction, the director owned 17,139 shares of the company's stock, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Micron Technology Price Performance

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Shares of NASDAQ:MU opened at $803.63 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The firm has a fifty day moving average price of $464.69 and a 200 day moving average price of $364.25. Micron Technology, Inc. has a fifty-two week low of $90.93 and a fifty-two week high of $818.67. The firm has a market cap of $906.28 billion, a price-to-earnings ratio of 37.94 and a beta of 1.91.

Micron Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were given a dividend of $0.15 per share. This is a positive change from Micron Technology's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, March 30th. Micron Technology's dividend payout ratio (DPR) is currently 2.83%.

Trending Headlines about Micron Technology

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• Micron Investors Face a High-Stakes Moment After the Latest Rally

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

• Positive Sentiment: Bank of America’s major price-target increase signals stronger confidence in Micron’s long-term earnings power from AI memory demand. Why Daniel Newman Thinks Micron Technology Proves We Are Still In AI 'Parking Lot'— It Is 'Not Late' To Get In
• Positive Sentiment: Reports highlight Micron as a major winner from the AI memory bottleneck, with demand for HBM and DRAM keeping pricing firm. Micron: AI Bottlenecks End The Commodity Cycle
• Positive Sentiment: Micron’s new 256GB DDR5 server module and recent product sampling underscore its momentum in AI and data-center infrastructure. Micron Redefines AI Performance With Sampling of 256GB DDR5 Server Module
• Positive Sentiment: Several articles note that AI chip demand, memory shortages, and South Korea supply disruptions could improve Micron’s pricing power. Why Micron, Sandisk Stock Are Climbing Despite Fears of an Even Bigger Memory-Chip Shortage
• Neutral Sentiment: Micron’s stock has had an extremely strong rally, so some commentary warns investors to watch for volatility or profit-taking after the sharp move higher. Micron Investors Face a High-Stakes Moment After the Latest Rally
• Negative Sentiment: One insider sale by a Micron director may create a small overhang, though it appears more routine than a thesis-changing signal. Micron Technology, Inc. Director Steven J. Gomo sold shares

Wall Street Analysts Forecast Growth

MU has been the subject of a number of research reports. KeyCorp upped their target price on shares of Micron Technology from $450.00 to $600.00 and gave the stock an "overweight" rating in a research report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Micron Technology from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, March 19th. Rosenblatt Securities restated a "buy" rating and set a $500.00 target price on shares of Micron Technology in a research report on Monday, March 16th. Citigroup dropped their target price on shares of Micron Technology from $510.00 to $425.00 and set a "buy" rating for the company in a research report on Tuesday, March 31st. Finally, Stifel Nicolaus upped their target price on shares of Micron Technology from $360.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $495.63.

• The DRAM Shake-Up: Samsung Stumbles, Micron Chases $1000

View Our Latest Stock Report on MU

Institutional Investors Weigh In On Micron Technology

Institutional investors have recently made changes to their positions in the company. iA Global Asset Management Inc. increased its holdings in shares of Micron Technology by 18.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer's stock valued at $24,578,000 after purchasing an additional 23,117 shares in the last quarter. Generation Capital Management LLC purchased a new position in shares of Micron Technology during the 3rd quarter valued at approximately $238,000. Wealthfront Advisers LLC increased its holdings in shares of Micron Technology by 9.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer's stock valued at $15,962,000 after purchasing an additional 8,489 shares in the last quarter. Westpac Banking Corp increased its holdings in shares of Micron Technology by 251.0% during the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer's stock valued at $3,863,000 after purchasing an additional 16,509 shares in the last quarter. Finally, Avanda Investment Management Pte. Ltd. purchased a new position in shares of Micron Technology during the 3rd quarter valued at approximately $418,000. Institutional investors 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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