1,600 Shares of Micron Technology, Inc. $MU Bought by Carret Asset Management LLC

Key Points

• Carret Asset Management opened a new Micron position, buying 1,600 shares in the third quarter, valued at approximately $1.7 million. Several other institutions also increased their holdings; institutional investors own 80.84% of the company.
• Micron beat quarterly expectations, reporting EPS of $33.42 and revenue of $54.23 billion, with revenue up 379.1% year over year. The company issued first-quarter 2027 EPS guidance of $37.15–$39.15.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $1,407.88, though insiders sold 83,545 shares worth about $78.5 million over the past 90 days.

Carret Asset Management LLC acquired a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,600 shares of the semiconductor manufacturer's stock, valued at approximately $1,704,000.

A number of other institutional investors have also modified their holdings of the stock. University of Texas Texas AM Investment Management Co. grew its stake in shares of Micron Technology by 33.9% during the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 976 shares of the semiconductor manufacturer's stock worth $1,040,000 after purchasing an additional 247 shares during the period. Almanack Investment Partners LLC. increased its holdings in shares of Micron Technology by 104.3% during the 3rd quarter. Almanack Investment Partners LLC. now owns 9,507 shares of the semiconductor manufacturer's stock valued at $10,126,000 after purchasing an additional 4,853 shares in the last quarter. Edgemoor Investment Advisors Inc. increased its holdings in shares of Micron Technology by 1.0% during the 3rd quarter. Edgemoor Investment Advisors Inc. now owns 1,857 shares of the semiconductor manufacturer's stock valued at $1,977,000 after purchasing an additional 19 shares in the last quarter. Means Investment CO. Inc. increased its holdings in shares of Micron Technology by 2.4% during the 3rd quarter. Means Investment CO. Inc. now owns 3,956 shares of the semiconductor manufacturer's stock valued at $4,214,000 after purchasing an additional 94 shares in the last quarter. Finally, Elite Wealth Management Inc. lifted its stake in shares of Micron Technology by 19.7% in the 3rd quarter. Elite Wealth Management Inc. now owns 237 shares of the semiconductor manufacturer's stock valued at $252,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Stock Performance

Shares of MU stock opened at $690.00 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The company has a market cap of $780.68 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.12 and a beta of 2.36. The stock has a 50 day simple moving average of $961.59 and a 200-day simple moving average of $754.99. Micron Technology, Inc. has a 1-year low of $192.59 and a 1-year high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) 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. 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 last year, the firm posted $3.03 EPS. The business's 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. On average, equities research analysts expect that Micron Technology, Inc. will post 175.19 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Buying and Selling at Micron Technology

In other news, insider Scott Deboer sold 28,545 shares of Micron Technology stock in a transaction dated 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 sale, the insider owned 147,430 shares in the company, valued at $132,687,000. This trade represents a 16.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction dated Friday, August 21st. The shares were 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 owned 264,503 shares in the company, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 83,545 shares of company stock valued at $78,460,850 over the last ninety days. Corporate insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

MU has been the topic of a number of recent analyst reports. BMO Capital Markets reissued an "outperform" rating on shares of Micron Technology in a report on Thursday, October 1st. ThinkEquity restated a "buy" rating on shares of Micron Technology in a research report on Monday, August 3rd. Itau BBA Securities lifted their price objective on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Weiss Ratings downgraded shares of Micron Technology from a "buy (b+)" rating to a "buy (b)" rating in a research report on Tuesday, October 27th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,407.88.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron’s latest quarter showed sharply higher sales, and its next-quarter revenue guidance reportedly exceeded Wall Street expectations. Analysts cited continued memory demand, especially for AI systems, as support for the business outlook. Why Micron Stock Is Up Today
• Positive Sentiment: Some investors and analysts view the recent selloff as excessive, pointing to Micron’s low forward valuation, customer commitments, and potential for buybacks. A separate analysis argues that U.S. DRAM production could be economically viable with government incentives and customer premiums. Micron: The Story Is Far From Being Over (Rating Upgrade)
• Neutral Sentiment: The stock’s sharp swings reflect a split outlook: robust current memory demand and results are being balanced against uncertainty about how durable AI-related spending will be. Micron Stock Rebounds After Selloff as AI Demand Risks Persist
• Negative Sentiment: Investors remain concerned that proposed restrictions on AI data centers—including permitting, power-use, and environmental rules—could delay projects and curb demand for memory chips. These fears helped drive the prior session’s steep decline. Could Micron Face Slower AI Demand From New Data Center Rules?
• Negative Sentiment: A reported pause in construction of Micron’s planned Taiwan facility, following a labor dispute, adds uncertainty around its manufacturing expansion and future capacity. Micron Plunges Amid Chip Selloff and Taiwan Plant Halt

About Micron Technology

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices.

Micron's products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into a global technology company with operations and customers across multiple regions.

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