Micron Technology (NASDAQ:MU) Stock Purchase Revealed by Rep. John McGuire

Key Points

• Rep. John McGuire purchased $1,001–$15,000 of Micron Technology shares on September 24, with additional Micron purchases reported on September 25 and October 1.
• Micron reported strong quarterly results, including earnings and revenue above analyst expectations and 379.1% year-over-year revenue growth. Analysts maintain a “Moderate Buy” consensus with an average price target of $1,407.88.
• Micron’s outlook remains supported by AI-driven memory demand and potential stock buybacks, but investors face risks from elevated volatility and concerns that memory shortages and pricing strength could peak.

Representative John McGuire (Republican-Virginia) recently bought shares of Micron Technology, Inc. NASDAQ: MU. In a filing disclosed on November 1st, the Representative disclosed that they had bought between $1,001 and $15,000 in Micron Technology stock on September 24th. The trade occurred in the Representative's "MERRILL LYNCH SEP IRA" account.

Representative John McGuire also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Micron Technology NASDAQ: MU on 10/1/2026.
• Purchased $1,001 - $15,000 in shares of Micron Technology NASDAQ: MU on 9/25/2026.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 8/18/2026.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 8/18/2026.

Micron Technology Stock Performance

NASDAQ MU opened at $833.59 on Tuesday. The company has a market cap of $943.14 billion, a P/E ratio of 11.23, a P/E/G ratio of 0.17 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. The business's 50 day moving average price is $976.02 and its 200-day moving average price is $747.00. Micron Technology, Inc. has a fifty-two week low of $192.59 and a fifty-two week high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating analysts' consensus estimates of $31.77 by $1.65. The business had revenue of $54.23 billion for the quarter, compared to analysts' expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business's revenue was up 379.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts predict that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th were issued a $0.15 dividend. The ex-dividend date was Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology's payout ratio is 0.81%.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron is reportedly positioned to increase stock repurchases beginning December 9, when restrictions related to the federal CHIPS Act are expected to expire. Buybacks could support earnings per share and signal management confidence in the stock’s valuation. Micron Expected to Launch Massive Stock Buybacks in December
• Positive Sentiment: Long-term demand remains a key bullish argument. SK hynix reported record results and said memory demand could exceed supply through 2030, while Micron has multiyear customer agreements covering more than 35% of projected revenue through that year. Micron has also co-developed memory technology with NVIDIA and secured advance shipments for AI infrastructure. SK hynix Says Memory Demand Beats Supply Through 2030
• Positive Sentiment: Some analysts and commentators still view Micron as inexpensive relative to its growth potential, citing sharply higher AI-driven memory demand, expected fiscal 2027 earnings growth, and a valuation near historic lows for a company with strong recent operating performance. Why Micron Stock Looks Cheap After a Record Year
• Neutral Sentiment: Analysts remain broadly optimistic after Micron’s substantial outperformance over the past year, but the stock’s elevated volatility and large gains have increased sensitivity to any disappointing industry outlook. Are Wall Street Analysts Predicting Micron Technology Stock Will Climb or Sink?
• Negative Sentiment: Kioxia’s cautious forecast triggered weakness across memory stocks, renewing fears that the industry’s shortage and pricing strength may be approaching a peak. Kioxia’s Cautious Outlook Hits Memory Stocks
• Negative Sentiment: Trading volume has fallen, suggesting reduced retail interest, while critics warn that Micron could suffer a steep decline if the memory shortage ends or AI spending moderates. Market commentator Tom Sosnoff also argued that Micron and other major AI-chip stocks have not declined enough to be compelling buys. Micron Technology: Is This a Sign That Its Stock Has Already Peaked?

Institutional Investors Weigh In On Micron Technology

Large investors have recently bought and sold shares of the company. Andar Capital Management HK Ltd raised its position in Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock valued at $39,571,847,000 after acquiring an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA acquired a new position in Micron Technology in the second quarter valued at approximately $22,182,263,000. Legal & General Group Plc purchased a new stake in Micron Technology in the 2nd quarter worth approximately $8,402,393,000. Situational Awareness LP boosted its position in Micron Technology by 1,149.0% in the 2nd quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer's stock worth $5,573,819,000 after purchasing an additional 5,289,124 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Micron Technology in the 2nd quarter worth approximately $3,761,237,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MU. Morgan Stanley reiterated an "overweight" rating and issued a $1,200.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. Arete Research boosted their target price on shares of Micron Technology from $852.00 to $1,500.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Seaport Research Partners restated a "buy" rating on shares of Micron Technology in a report on Friday, August 14th. Robert W. Baird raised their price target on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the stock an "outperform" rating in a research note on Monday, September 28th. Finally, UBS Group reiterated a "buy" rating and set a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. One research 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,407.88.

Insider Transactions at Micron Technology

In other news, insider Scott Deboer sold 28,545 shares of Micron Technology 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 completion of the transaction, the insider directly owned 147,430 shares of the company's stock, valued at $132,687,000. The trade was a 16.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the business's stock in a transaction 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 completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 83,545 shares of company stock valued at $78,460,850 in the last 90 days. 0.24% of the stock is currently owned by company insiders.

About Representative McGuire

John McGuire (Republican Party) is a member of the U.S. House, representing Virginia's 5th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. McGuire (Republican Party) is running for re-election to the U.S. House to represent Virginia's 5th Congressional District. He declared candidacy for the 2026 election. John McGuire was born in Richmond, Virginia. McGuire graduated from Henrico High School. He served as a U.S. Navy Seal from 1988 to 1998. His professional experience includes founding SEAL Team Physical Training Inc.

Micron Technology Company 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.

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