Rep. John McGuire Buys Shares of Micron Technology, Inc. (NASDAQ:MU)

Key Points

• Rep. John McGuire purchased $1,001–$15,000 of Micron shares in his Merrill Lynch SEP IRA on September 25, following additional Micron purchases on September 24 and October 1.
• Micron shares opened at $833.59, down 5.8%, despite strong recent results: quarterly EPS of $33.42 beat estimates, revenue reached $54.23 billion, and sales rose 379.1% year over year.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and average price target of $1,407.88, while cautious memory-industry forecasts and recent insider selling highlight risks to the stock’s outlook.

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 25th. 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 9/24/2026.
• 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 Trading Down 5.8%

Micron Technology stock opened at $833.59 on Tuesday. 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 firm's fifty day moving average price is $976.02 and its 200-day moving average price is $747.00. The stock has a market cap of $943.14 billion, a P/E ratio of 11.23, a PEG ratio of 0.17 and a beta of 2.22. 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 announced its quarterly earnings data 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. 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 analysts' expectations of $51.33 billion. During the same period last year, the firm earned $3.03 earnings per share. The company'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. Equities research analysts forecast that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 14th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology's payout ratio is currently 0.81%.

More Micron Technology News

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?

Insider Buying and Selling

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated 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 directly owned 191,021 shares of the company's stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott J. Deboer sold 28,545 shares of Micron Technology stock in a transaction 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 completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 83,545 shares of company stock valued at $78,460,850 over the last ninety days. Company insiders own 0.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MU. The Goldman Sachs Group set a $1,250.00 target price on shares of Micron Technology in a research report on Thursday, October 1st. Daiwa Securities Group raised their price objective on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the company a "buy" rating in a research note on Friday, July 17th. Susquehanna restated a "positive" rating on shares of Micron Technology in a report on Thursday, October 1st. KeyCorp restated an "overweight" rating on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Mizuho boosted their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a research report on Thursday, October 1st. One 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,407.88.

Institutional Investors Weigh In On Micron Technology

Several large investors have recently added to or reduced their stakes in MU. Andar Capital Management HK Ltd increased its position 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 valued at $39,571,847,000 after acquiring an additional 34,278,413 shares during the period. Primecap Management Co. CA purchased a new stake in Micron Technology in the second quarter valued at approximately $22,182,263,000. Legal & General Group Plc purchased a new position in Micron Technology during the 2nd quarter worth approximately $8,402,393,000. Situational Awareness LP boosted its holdings in shares of 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 valued at $5,573,819,000 after acquiring an additional 5,289,124 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Micron Technology during the second quarter worth $3,761,237,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.