Micron Technology, Inc. $MU Stock Bought by Overbrook Management Corp

Overbrook Management Corp grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 74.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,714 shares of the semiconductor manufacturer’s stock after acquiring an additional 10,576 shares during the quarter. Micron Technology comprises about 4.2% of Overbrook Management Corp’s holdings, making the stock its 11th largest position. Overbrook Management Corp’s holdings in Micron Technology were worth $26,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of MU. Meadowbrook Wealth Management LLC grew its position in Micron Technology by 58.0% during the third quarter. Meadowbrook Wealth Management LLC now owns 730 shares of the semiconductor manufacturer’s stock valued at $778,000 after acquiring an additional 268 shares during the period. Atwood & Palmer Inc. acquired a new position in shares of Micron Technology in the 3rd quarter valued at about $133,000. Aletheian Wealth Advisors LLC grew its holdings in shares of Micron Technology by 1.6% during the 3rd quarter. Aletheian Wealth Advisors LLC now owns 914 shares of the semiconductor manufacturer’s stock worth $974,000 after purchasing an additional 14 shares during the period. Everhart Financial Group Inc. boosted its position in Micron Technology by 2.7% during the 3rd quarter. Everhart Financial Group Inc. now owns 11,506 shares of the semiconductor manufacturer’s stock worth $12,255,000 after purchasing an additional 305 shares during the period. Finally, Gradient Investments LLC acquired a new stake in Micron Technology in the 3rd quarter valued at $5,150,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the business’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the sale, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. The trade was a 2.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s 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 directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 95,879 shares of company stock worth $90,939,466 over the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Raymond James Financial restated an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. CLSA reaffirmed an “outperform” rating and set a $1,700.00 price target on shares of Micron Technology in a research note on Friday, October 2nd. Arete Research lifted their price target on shares of Micron Technology from $852.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. BMO Capital Markets restated an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. One 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: AI memory demand remains the primary bullish catalyst. Analysts expect the semiconductor rally to continue into year-end, with Micron among the likely leaders. More than 75% of Micron’s fiscal 2027 output is reportedly committed, while customers are already discussing 2028 allocations—evidence of strong visibility and constrained supply. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Positive Sentiment: Fundamentals and estimates remain exceptionally strong. Micron reported fiscal fourth-quarter revenue of $54.23 billion and adjusted EPS of $33.42, while guiding to fiscal first-quarter 2027 EPS of $37.15-$39.15. Fiscal 2026 DRAM revenue reached approximately $39.8 billion, representing 73% of total revenue, and NAND growth is increasingly supported by data-center SSD demand. Micron’s DRAM Sales Reach $40B
• Positive Sentiment: Analyst sentiment is highly favorable. Zacks upgraded Micron to “Strong Buy,” and D.A. Davidson raised its price target to a Street-high $3,000 from $2,100, citing a multi-year period in which AI memory demand could exceed supply. Analyst Sets Street-High Micron Stock Price Target
• Neutral Sentiment: Micron agreed to pay $600 million to settle a Netlist patent dispute. The payment is a material cost, but resolving the litigation removes a continuing legal overhang and provides a five-year license to Netlist’s patent portfolio. Micron Technology and Netlist Settle Patent Dispute
• Negative Sentiment: A Taiwan labor dispute is pressuring the stock. Workers at Micron’s Taoyuan facility overwhelmingly authorized a strike over bonus changes. No walkout has been announced, but Taiwan is a major manufacturing base, creating risk of production delays, higher costs or customer concerns. Micron’s Taoyuan Union Secures Authorization to Strike
• Negative Sentiment: Sector and macro pressures are also weighing on MU. Samsung’s record preliminary profit highlighted memory strength but failed to reassure investors concerned that the memory cycle may eventually peak. Higher Treasury yields and a broader technology selloff are adding near-term valuation pressure. The Memory Trade Cools After Samsung’s Preliminary Results Disappoint

Micron Technology Stock Performance

Shares of NASDAQ:MU traded down $52.16 during trading hours on Thursday, hitting $1,035.84. The stock had a trading volume of 29,761,444 shares, compared to its average volume of 41,539,305. The stock’s fifty day simple moving average is $975.93 and its 200 day simple moving average is $840.54. Micron Technology, Inc. has a 1-year low of $179.61 and a 1-year high of $1,255.00. The firm has a market capitalization of $1.17 trillion, a price-to-earnings ratio of 13.96, a PEG ratio of 0.18 and a beta of 2.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%.The business had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same period in the prior year, the company posted $3.03 EPS. The business’s revenue for the quarter 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. Sell-side analysts anticipate that Micron Technology, Inc. will post 175.82 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be issued a dividend of $0.15 per share. 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 (DPR) is 0.81%.

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.