Micron Technology, Inc. Plans Quarterly Dividend of $0.12 (NASDAQ:MU)

Micron Technology, Inc. (NASDAQ:MU) declared a quarterly dividend on Wednesday, December 17th. Investors of record on Monday, December 29th will be given 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 of this dividend is Monday, December 29th.

Micron Technology has a dividend payout ratio of 4.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 12.2%

Shares of Micron Technology stock traded up $27.45 during trading hours on Thursday, hitting $252.97. The company’s stock had a trading volume of 20,847,617 shares, compared to its average volume of 23,612,039. The stock has a market cap of $284.37 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 0.34 and a beta of 1.54. 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 has a twelve month low of $61.54 and a twelve month high of $264.75. The firm has a fifty day moving average of $225.54 and a 200-day moving average of $162.83.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same period in the previous year, the firm earned $1.79 EPS. Micron Technology’s 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. Research analysts forecast that Micron Technology will post 6.08 EPS for the current year.

Insider Activity

In other news, CEO Sanjay Mehrotra sold 3,743 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the sale, the chief executive officer directly owned 396,578 shares in the company, valued at approximately $92,557,339.42. This trade represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Scott R. Allen sold 8,800 shares of Micron Technology stock in a transaction on Monday, October 20th. The stock was sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the sale, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 383,650 shares of company stock valued at $81,602,339. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Micron Technology

Several institutional investors have recently added to or reduced their stakes in MU. Vanguard Group Inc. raised its holdings in Micron Technology by 0.7% during the third quarter. Vanguard Group Inc. now owns 104,653,450 shares of the semiconductor manufacturer’s stock worth $17,510,615,000 after purchasing an additional 773,788 shares in the last quarter. State Street Corp raised its stake in Micron Technology by 0.6% during the 3rd quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer’s stock worth $8,643,613,000 after acquiring an additional 285,582 shares in the last quarter. Geode Capital Management LLC lifted its position in Micron Technology by 1.2% in the second quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock valued at $3,152,974,000 after acquiring an additional 314,489 shares during the last quarter. Capital International Investors boosted its stake in Micron Technology by 0.7% in the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after acquiring an additional 155,860 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Micron Technology in the 2nd quarter valued at about $1,980,700,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

About Micron Technology

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.