40,153 Micron Technology, Inc. $MU Shares Purchased by Eurizon Capital SGR S.p.A.

Key Points

• Eurizon Capital increased its Micron stake by 6.8%, buying 40,153 shares in the third quarter to hold 626,872 shares, valued at about $668 million. Institutional investors collectively own 80.84% of the stock.
• Micron’s latest reported quarter beat expectations, with EPS of $33.42 versus a $31.77 consensus and revenue of $54.23 billion versus estimates of $51.33 billion. Revenue rose 379.1% year over year.
• Analysts maintain a “Moderate Buy” consensus and an average price target of $1,407.88, while company insiders sold 83,545 shares worth about $78.5 million over the past 90 days.

Eurizon Capital SGR S.p.A. lifted its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 6.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 626,872 shares of the semiconductor manufacturer's stock after buying an additional 40,153 shares during the quarter. Micron Technology comprises 1.8% of Eurizon Capital SGR S.p.A.'s portfolio, making the stock its 11th biggest holding. Eurizon Capital SGR S.p.A. owned 0.06% of Micron Technology worth $668,032,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Andar Capital Management HK Ltd boosted its stake in shares of Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock worth $39,571,847,000 after acquiring an additional 34,278,413 shares during the period. Primecap Management Co. CA purchased a new stake in shares of Micron Technology during the second quarter worth about $22,182,263,000. Bank of America Corp DE grew its position in shares of Micron Technology by 26.6% during the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer's stock worth $11,744,621,000 after purchasing an additional 2,136,470 shares in the last quarter. Legal & General Group Plc bought a new stake in Micron Technology during the 2nd quarter valued at approximately $8,402,393,000. Finally, Dimensional Fund Advisors LP raised its stake in Micron Technology by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,967,065 shares of the semiconductor manufacturer's stock valued at $2,352,282,000 after purchasing an additional 86,488 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Scott Deboer sold 28,545 shares of the firm's 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 transaction, the insider directly owned 147,430 shares of the company's stock, valued at approximately $132,687,000. This trade represents a 16.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer directly owned 264,503 shares of the company's stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 83,545 shares of company stock worth $78,460,850. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on MU shares. Needham & Company LLC reissued a "buy" rating and issued a $1,650.00 price target on shares of Micron Technology in a report on Thursday, October 22nd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $2,000.00 price objective on shares of Micron Technology in a report on Thursday, October 1st. Wells Fargo & Company reduced their price objective on shares of Micron Technology from $1,525.00 to $1,400.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 23rd. ThinkEquity reissued a "buy" rating on shares of Micron Technology in a report on Monday, August 3rd. Finally, Susquehanna reissued a "positive" rating on shares of Micron Technology in a report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,407.88.

Key Stories Impacting Micron Technology

Investors following MU have been watching these stories:

• Positive Sentiment: AI demand remains a key tailwind. CoreWeave raised its 2026 revenue outlook and said customer demand for AI computing substantially exceeds its capacity. Micron’s data-center businesses account for a large share of sales, linking the company to continued infrastructure spending. CoreWeave AI demand article
• Positive Sentiment: Tight supply supports memory pricing. Reports say Micron has largely sold its high-bandwidth memory production for next year, reinforcing expectations that AI-driven demand and limited supply can sustain its business. Micron high-bandwidth memory article
• Negative Sentiment: Nvidia-related uncertainty is pressuring semiconductor shares. Reports of a leadership shakeup involving CEO Jensen Huang unsettled investors because Micron’s memory-chip demand is tied partly to AI-chip and data-center growth. The concern contributed to a retreat after Wednesday’s rally. Why Micron stock pulled back

Micron Technology Price Performance

NASDAQ:MU opened at $798.44 on Friday. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $903.37 billion, a P/E ratio of 10.76, a P/E/G ratio of 0.14 and a beta of 2.36. Micron Technology, Inc. has a 12 month low of $192.59 and a 12 month high of $1,255.00. The business's 50-day moving average is $947.33 and its 200 day moving average is $762.45.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 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 company had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same period in the prior year, the company earned $3.03 earnings per share. The firm'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 forecast that Micron Technology, Inc. will post 174.19 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

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.

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