3,184 Micron Technology, Inc. $MU Shares Purchased by Wedmont Private Capital

Key Points

• Wedmont Private Capital increased its Micron stake by 18.5% in the third quarter, purchasing 3,184 additional shares for a total holding of 20,367 shares valued at approximately $21.1 million. Institutional investors collectively own 80.84% of Micron.
• Analysts remain broadly bullish, with 41 Buy ratings and one Strong Buy among the firms tracked by MarketBeat. Micron has a consensus “Moderate Buy” rating and an average price target of $1,407.88.
• Micron reported quarterly revenue of $54.23 billion and earnings of $33.42 per share, significantly exceeding expectations, while revenue surged 379.1% year over year. The company also issued fiscal Q1 2027 EPS guidance of $37.15–$39.15, though insiders sold roughly $90.9 million of stock during the quarter.

Wedmont Private Capital boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 18.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,367 shares of the semiconductor manufacturer's stock after buying an additional 3,184 shares during the quarter. Wedmont Private Capital's holdings in Micron Technology were worth $21,097,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bullseye Investment Management LLC acquired a new stake in shares of Micron Technology in the second quarter valued at $27,000. Aventus Investment Advisors Inc. acquired a new position in Micron Technology during the 3rd quarter worth $30,000. Steph & Co. acquired a new position in Micron Technology during the 3rd quarter worth $31,000. Montgomery Financial Services LLC purchased a new stake in Micron Technology during the 2nd quarter worth about $38,000. Finally, JNBA Financial Advisors increased its holdings in Micron Technology by 77.3% during the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer's stock worth $45,000 after purchasing an additional 17 shares during the period. Hedge funds and other institutional investors own 80.84% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MU shares. DA Davidson lifted their price objective on Micron Technology from $2,100.00 to $3,000.00 and gave the company a "buy" rating in a research note on Wednesday. President Capital raised their target price on shares of Micron Technology to $1,500.00 and gave the company a "buy" rating in a report on Friday, July 17th. Barclays raised their target price on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. Itau BBA Securities boosted their price target on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. Finally, Morgan Stanley reissued an "overweight" rating and issued a $1,200.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and an average target price of $1,407.88.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $1,029.00 on Friday. 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, Inc. has a fifty-two week low of $179.61 and a fifty-two week high of $1,255.00. The firm has a market capitalization of $1.16 trillion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 0.18 and a beta of 2.22. The stock's 50-day simple moving average is $980.05 and its 200-day simple moving average is $841.86.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping the consensus estimate of $31.77 by $1.65. The firm had revenue of $54.23 billion during the quarter, compared to analysts' expectations of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The firm's revenue was up 379.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities research analysts forecast that Micron Technology, Inc. will post 175.82 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Activity

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value 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 $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the business's stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 34,958 shares of the company's stock, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 95,879 shares of company stock worth $90,939,466. Corporate insiders own 0.24% of the company's stock.

Key Micron Technology News

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

• Positive Sentiment: Analysts remain optimistic about Micron’s long-term upside. Seeking Alpha assigns the stock a Buy rating and a $1,307 base-case target, citing AI infrastructure demand, supply constraints and the possibility that MU remains undervalued even if memory prices decline by 15%. Micron: Even If Memory Prices Fall 15%, It May Still Be Undervalued
• Positive Sentiment: The bullish investment case is supported by Micron’s latest results: fiscal fourth-quarter revenue rose 379% year over year to $54.23 billion, adjusted EPS reached $33.42, and management projected fiscal first-quarter 2027 EPS of $37.15–$39.15. More than 75% of fiscal 2027 shipments are reportedly committed, improving demand visibility. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Positive Sentiment: AI-related demand remains the central catalyst. Tight high-bandwidth memory supply, expanding data-center deployments and emerging AI-agent workloads are expected to support DRAM, NAND and server-memory demand. Several reports also point to favorable earnings revisions and potential year-end strength for AI semiconductor stocks. 3 Top-Ranked Stocks Breaking Records on AI-Related Demand
• Neutral Sentiment: Micron received a Zacks upgrade to Strong Buy, while other commentary highlighted its high return on equity, strong cash flow and potential for substantially higher future earnings. However, many of the most aggressive targets are highly dependent on unusually strong memory pricing and earnings growth. Micron Technology Stock Rating Upgraded by Zacks Research
• Negative Sentiment: Near-term trading has been pressured by an options market increasingly positioned for semiconductor weakness: put volume in the SMH ETF substantially exceeded call volume, signaling hedging or bearish speculation across chip stocks. Two Massive Trades in Micron and Nvidia
• Negative Sentiment: Investors remain concerned that memory margins may be peaking and that supply will eventually catch up with demand. A weaker-than-expected interpretation of OpenAI revenue data and Samsung’s record but slower-growing profit also triggered caution toward AI and memory stocks. Micron additionally faces labor uncertainty after a Taiwan union authorized strike action over a bonus dispute. Micron, Nvidia and AI Chip Stocks Fall

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.

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