970 Micron Technology, Inc. $MU Shares Sold by Warwick Investment Management Inc.

Warwick Investment Management Inc. lowered its stake in Micron Technology, Inc. (NASDAQ:MU) by 43.8% in the third quarter, Holdings Channel reports. The fund owned 1,244 shares of the semiconductor manufacturer’s stock after selling 970 shares during the quarter. Warwick Investment Management Inc.’s holdings in Micron Technology were worth $1,325,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. M.E. Allison & CO. Inc. grew its holdings in shares of Micron Technology by 0.8% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $1,528,000 after purchasing an additional 11 shares during the last quarter. Purus Wealth Management LLC increased its position in Micron Technology by 1.4% during the 3rd quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer’s stock worth $867,000 after purchasing an additional 11 shares in the last quarter. Ables Iannone Moore & Associates Inc. lifted its stake in Micron Technology by 5.3% in the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer’s stock valued at $252,000 after purchasing an additional 12 shares during the last quarter. Koesten Hirschmann & Crabtree INC. lifted its stake in Micron Technology by 5.6% in the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 228 shares of the semiconductor manufacturer’s stock valued at $243,000 after purchasing an additional 12 shares during the last quarter. Finally, Cherrydale Wealth Management LLC lifted its stake in Micron Technology by 1.4% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after purchasing an additional 13 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MU. Wells Fargo & Company cut their target price on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 23rd. KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a report on Thursday, October 1st. Seaport Research Partners reiterated a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Arete Research increased their price target on Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Finally, Raymond James Financial reissued an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Stock Performance

Micron Technology stock opened at $904.90 on Tuesday. The business has a 50 day moving average of $986.76 and a 200-day moving average of $869.04. The company has a market capitalization of $1.02 trillion, a P/E ratio of 12.19, a P/E/G ratio of 0.15 and a beta of 2.22. Micron Technology, Inc. has a 1 year low of $192.40 and a 1 year high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same period last year, the company earned $3.03 EPS. The firm’s revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities research analysts predict that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s dividend payout ratio is 0.81%.

Insider Activity

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Scott R. Allen sold 879 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the sale, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 95,879 shares of company stock valued at $90,939,466. Insiders own 0.24% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Memory-chip stocks rebounded as fears of an AI-spending slowdown eased. Micron’s rally was part of a broader recovery that also lifted SanDisk and SK Hynix, suggesting sector-wide sentiment—not company-specific news alone—helped drive the move. Micron stock is rebounding today: here’s why
• Positive Sentiment: Wall Street commentary indicates memory prices could continue rising through at least 2027, countering recent concerns about competition and a potential supply glut. A Chinese rival’s projected revenue boom was also interpreted as evidence of strong underlying memory demand. Why Micron Stock Bounced on Monday
• Positive Sentiment: Elon Musk described Micron as more reasonable on future memory pricing than some competitors. JPMorgan reportedly counted 26 long-term agreements and approximately $150 billion in contracted backlog, with deals covering more than one-third of projected sales through 2030. The agreements improve revenue visibility, although pricing limits some near-term upside. Musk Love: Micron Is Reasonable on Memory Prices
• Positive Sentiment: Recent coverage highlights Micron’s AI-oriented DRAM and NAND demand, robust profitability, and valuation that looks low relative to its earnings growth. Its latest reported quarter included sharply higher revenue and earnings that exceeded consensus estimates.
• Neutral Sentiment: Micron will host a technology webinar on October 21. Investors may look for updates on AI memory demand, production plans, and the company’s outlook. Micron to Host Technology Webinar on Oct. 21
• Negative Sentiment: Micron’s Taoyuan union in Taiwan voted overwhelmingly to authorize a strike, and Taiwan’s president urged the company and workers to negotiate. A work stoppage could disrupt production because Taiwan is central to Micron’s DRAM manufacturing, although negotiations may prevent a strike. A Micron Union in Taiwan Voted 99% to Authorize a Strike
• Negative Sentiment: Investors continue to weigh longer-term risks from Chinese memory-chip competition, new factory capacity, and the possibility that elevated AI demand and memory prices will eventually normalize. These concerns contributed to the stock’s recent pullback and could keep volatility high.

Micron Technology Profile

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.