Micron Technology, Inc. $MU Stock Sold by McAlister Sweet & Associates Inc.

McAlister Sweet & Associates Inc. lessened its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 75.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 510 shares of the semiconductor manufacturer’s stock after selling 1,571 shares during the quarter. Micron Technology makes up 0.5% of McAlister Sweet & Associates Inc.’s investment portfolio, making the stock its 21st largest holding. McAlister Sweet & Associates Inc.’s holdings in Micron Technology were worth $543,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MU. Denali Advisors LLC acquired a new stake in shares of Micron Technology in the second quarter worth $7,364,000. Castleark Management LLC acquired a new position in shares of Micron Technology during the first quarter valued at about $3,709,000. Legacy Wealth Management LLC MS lifted its stake in shares of Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after buying an additional 1,499 shares during the period. Oppenheimer & Co. Inc. grew its position in Micron Technology by 16.0% during the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after buying an additional 6,702 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC increased its stake in Micron Technology by 2,461.4% during the second quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock valued at $42,871,000 after acquiring an additional 35,691 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Activity at Micron Technology

In related news, CAO Scott Allen sold 879 shares of Micron Technology stock in a transaction that occurred on 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 transaction, the chief accounting officer owned 34,958 shares of the company’s stock, valued at $34,958,000. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 95,879 shares of company stock worth $90,939,466 in the last ninety days. Company 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: Street-high price target: DA Davidson raised its target to $3,000 from $2,100 while maintaining a Buy rating, arguing that AI-related memory demand could support a multiyear growth runway. DA Davidson raises Micron price target
• Positive Sentiment: AI memory demand remains robust: Analysts highlighted that more than 75% of Micron’s fiscal 2027 shipments are committed, with customers already discussing 2028 allocations. Data-center SSDs, high-bandwidth memory and AI-agent workloads are broadening demand beyond traditional memory markets. Micron AI memory supercycle analysis
• Positive Sentiment: Strong analyst sentiment: MU was added to Zacks’ Rank #1 Strong Buy and momentum lists, reinforcing the favorable view following its record fiscal fourth-quarter results and upbeat first-quarter fiscal 2027 guidance. Zacks Strong Buy momentum list
• Neutral Sentiment: Patent litigation resolved: Micron agreed to pay Netlist $600 million, including quarterly licensing payments over five years, to settle patent disputes. The deal removes legal uncertainty but creates a significant cash obligation. Micron Netlist patent settlement
• Negative Sentiment: Strike authorization adds execution risk: Workers at Micron’s Taiwan facilities authorized a strike over bonus negotiations. No walkout was announced, but Taiwan represents a substantial portion of Micron’s manufacturing footprint, creating potential production and supply-chain concerns. Micron Taiwan strike authorization
• Negative Sentiment: Profit-taking and cycle concerns: Investors remain wary that gross margins and memory pricing may be near a peak, while Michael Burry’s longer-dated put positions add a bearish signal after MU’s substantial rally.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MU shares. Needham & Company LLC reiterated a “buy” rating and set a $1,650.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. The Goldman Sachs Group set a $1,250.00 price target on Micron Technology in a report on Thursday, October 1st. New Street Research raised shares of Micron Technology from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $470.00 to $1,250.00 in a research note on Friday, August 14th. Seaport Research Partners reaffirmed a “buy” rating on shares of Micron Technology in a research note on Friday, August 14th. Finally, ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. Forty-one analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,407.88.

Micron Technology Trading Up 3.9%

Shares of Micron Technology stock traded up $40.60 during trading on Wednesday, reaching $1,086.16. 20,550,238 shares of the company were exchanged, compared to its average volume of 41,538,141. The business has a 50-day moving average price of $965.73 and a 200-day moving average price of $831.69. The firm has a market capitalization of $1.23 trillion, a price-to-earnings ratio of 14.66, a P/E/G ratio of 0.19 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, Inc. has a twelve month low of $179.61 and a twelve month high of $1,255.00.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%.The firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same quarter in the prior year, the firm posted $3.03 earnings per share. The company’s quarterly revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts anticipate that Micron Technology, Inc. will post 167.29 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be given 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 is Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is currently 0.81%.

Micron Technology Company Profile

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.