Micron Technology, Inc. $MU Shares Newly Purchased by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC bought a new position in Micron Technology, Inc. (NASDAQ:MU) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 806 shares of the semiconductor manufacturer’s stock, valued at approximately $858,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. B.O.S.S. Retirement Advisors LLC increased its position in Micron Technology by 2.9% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 1,456 shares of the semiconductor manufacturer’s stock worth $1,551,000 after buying an additional 41 shares during the period. CPR Investments Inc. bought a new stake in Micron Technology in the third quarter valued at $398,000. Peterson Wealth Services lifted its stake in Micron Technology by 69.6% in the third quarter. Peterson Wealth Services now owns 351 shares of the semiconductor manufacturer’s stock valued at $374,000 after buying an additional 144 shares during the last quarter. Hourglass Capital LLC acquired a new position in shares of Micron Technology during the third quarter valued at $543,000. Finally, Motive Wealth Advisors boosted its holdings in shares of Micron Technology by 5.3% during the third quarter. Motive Wealth Advisors now owns 1,213 shares of the semiconductor manufacturer’s stock valued at $1,292,000 after acquiring an additional 61 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the transaction, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Scott Deboer sold 28,545 shares of the firm’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the transaction, the insider owned 147,430 shares in the company, valued at $132,687,000. This represents a 16.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 83,545 shares of company stock worth $78,460,850 over the last three months. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $903.70 on Tuesday. The stock has a market cap of $1.02 trillion, a P/E ratio of 12.18, a P/E/G ratio of 0.15 and a beta of 2.22. The firm’s 50-day simple moving average is $982.71 and its 200 day simple moving average is $729.85. Micron Technology, Inc. has a fifty-two week low of $192.59 and a fifty-two week high of $1,255.00. 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 announced its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. The firm had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. Micron Technology’s revenue was up 379.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities analysts expect that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Announces Dividend

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

Micron Technology News Roundup

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

• Positive Sentiment: Bank of America became “incrementally more positive” on the memory industry after meetings with executives. The firm said customers are increasingly locking in memory supply through multiyear agreements, improving Micron’s revenue visibility and potentially reducing cyclical volatility. Micron Rises as Bank of America Gets Incrementally More Positive on Memory
• Positive Sentiment: Investors responded favorably to Micron’s defense against concerns over Chinese rival ChangXin Memory Technologies. Micron indicated that CXMT’s 4F square memory design does not currently undermine its competitive position. Micron Stock Finds Its Footing as It Pushes Back on Chinese Memory Threat
• Positive Sentiment: Recent record revenue, profit and gross margin, along with strong forward guidance, have made Micron appear inexpensive relative to its expected earnings growth. High-bandwidth memory demand from artificial-intelligence systems and persistent chip shortages are viewed as potential long-term growth drivers. Micron Just Delivered a Monster Quarter, but the Stock Is Plummeting
• Positive Sentiment: Analyst screens and investor commentary continued to highlight MU’s high profit margins, expected earnings growth and potential to become less dependent on memory-market cycles as customer contracts and AI applications expand. NVIDIA and 2 Profitable Stocks to Buy Now for Explosive Upside
• Neutral Sentiment: Reports noted that Micron’s sharp yearlong rally has been followed by significant corrections across AI-related memory and storage stocks. A potential stock split was discussed, but it would not change the company’s underlying value or fundamentals. Stock-Split Watch: Is Micron Next?
• Negative Sentiment: Bearish commentary warned that a possible 40% decline in memory prices, a peak in the current cycle and weaker hyperscaler capital spending could pressure Micron’s unusually strong earnings. Some analysts also questioned whether new supply contracts provide as much protection as expected. Micron: The New SCA Contracts Are Not As Great As You Think

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MU shares. CLSA restated an “outperform” rating and set a $1,700.00 price target on shares of Micron Technology in a research report on Friday, October 2nd. The Goldman Sachs Group set a $1,250.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Raymond James Financial reissued an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. President Capital raised their price target on shares of Micron Technology to $1,500.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, Weiss Ratings upgraded shares of Micron Technology from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

About Micron Technology

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.