Micron Technology, Inc. $MU Stock Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC raised its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 3.6% during the third quarter, HoldingsChannel reports. The firm owned 48,851 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,705 shares during the period. Micron Technology makes up approximately 1.0% of Sterling Capital Management LLC’s holdings, making the stock its 13th biggest holding. Sterling Capital Management LLC’s holdings in Micron Technology were worth $52,032,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd boosted its holdings in shares of Micron Technology by 856,960.3% in the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA bought a new position in shares of Micron Technology during the 2nd quarter valued at about $22,182,263,000. Bank of America Corp DE raised its holdings in shares of Micron Technology by 26.6% during the 2nd quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after buying an additional 2,136,470 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of Micron Technology during the 2nd quarter valued at about $8,402,393,000. Finally, Wellington Management Group LLP raised its holdings in shares of Micron Technology by 28.7% during the 2nd quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock valued at $5,823,556,000 after buying an additional 1,125,414 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Wall Street Analyst Weigh In

MU has been the subject of a number of recent research reports. Arete Research boosted their target price on Micron Technology from $852.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Morgan Stanley reiterated an “overweight” rating and set a $1,200.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. The Goldman Sachs Group set a $1,250.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. Finally, TD Cowen restated a “buy” rating and issued a $1,600.00 price objective on shares of Micron Technology in a report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Stock Performance

NASDAQ MU opened at $877.55 on Friday. The company has a 50-day simple moving average of $983.61 and a two-hundred day simple moving average of $880.05. Micron Technology, Inc. has a 12-month low of $192.59 and a 12-month high of $1,255.00. The firm has a market cap of $992.88 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 0.15 and a beta of 2.22. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03.

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

Micron Technology Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s payout ratio is presently 0.81%.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Improved industry sentiment: A broad rebound in semiconductor stocks lifted Micron, SK Hynix and SanDisk as investors returned to AI and memory names following a sharp pullback. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Favorable supply dynamics: SK Hynix’s decision to abandon a planned U.S. IPO for its Solidigm flash-memory unit could reduce concerns about additional NAND supply entering the market, potentially benefiting Micron and SanDisk. Micron, Sandisk gain as SK Hynix scraps Solidigm IPO
• Positive Sentiment: Analyst and growth support: Erste Group raised its FY2028 EPS forecast to $201.26 from $199.05 and maintained a Buy rating. Analysts continue to point to Micron’s AI-driven HBM demand, improving margins and relatively low valuation as reasons for optimism. Micron earnings estimate update
• Neutral Sentiment: Strategic investment: Micron’s planned investment in U.S. critical-mineral processing supports its domestic supply-chain strategy, although the near-term financial impact is unclear. Micron critical-minerals investment
• Negative Sentiment: Technology execution risk: Micron’s next-generation memory architecture could improve data movement for AI processors, but placing more memory closer to computing units creates difficult cooling and heat-management challenges. Micron’s Next AI Memory Breakthrough Has a Cooling Problem
• Negative Sentiment: Insider selling and volatility: Recent filings show extensive insider selling with no reported open-market purchases, while technical commentary warns that the recovery remains fragile amid ongoing concerns about AI spending, interest rates and valuation.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the sale, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott Deboer sold 28,545 shares of the stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the sale, the insider directly owned 147,430 shares of the company’s stock, valued at approximately $132,687,000. This trade represents a 16.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 83,545 shares of company stock worth $78,460,850. 0.24% of the stock is currently owned by insiders.

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.