Bokf Na Acquires 1,296 Shares of Micron Technology, Inc. $MU

Key Points

• Bokf Na increased its Micron Technology stake by 2.9% in the third quarter, adding 1,296 shares to own 46,353 shares worth approximately $49.4 million. Institutional investors collectively own 80.84% of Micron.
• Micron reported strong momentum, with quarterly revenue rising 379% year over year to $54.23 billion and EPS of $33.42, exceeding estimates. Robust AI-related demand and reported memory shortages at SK Hynix support the company’s outlook, though the cyclical nature of the memory market remains a risk.
• Wall Street maintains a favorable view, with an average “Moderate Buy” rating and a $1,407.88 target price. Micron also declared a $0.15 quarterly dividend, while insiders have sold shares worth roughly $78.5 million over the past 90 days.

Bokf Na raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,353 shares of the semiconductor manufacturer's stock after buying an additional 1,296 shares during the period. Micron Technology comprises 0.7% of Bokf Na's investment portfolio, making the stock its 28th largest position. Bokf Na's holdings in Micron Technology were worth $49,371,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Micron Technology in the 1st quarter valued at $27,000. Bullseye Investment Management LLC purchased a new stake in Micron Technology during the 2nd quarter worth $27,000. Aventus Investment Advisors Inc. purchased a new stake in Micron Technology during the 3rd quarter worth $30,000. Steph & Co. acquired a new stake in Micron Technology in the 3rd quarter valued at $31,000. Finally, Financial Life Planners acquired a new stake in Micron Technology in the 1st quarter valued at $36,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: SK Hynix points to sustained shortages. The South Korean memory maker reported a 632% year-over-year increase in operating profit and said its DRAM and high-bandwidth memory (HBM) capacity is effectively sold out through 2029. Management expects demand to exceed supply through 2030, a bullish read-through for Micron’s AI-focused HBM and broader DRAM businesses. Micron Stock Rises as SK Hynix Says DRAM and HBM Sold Out Through 2029
• Positive Sentiment: Micron’s own results show powerful momentum. The company recently reported quarterly revenue of $54.23 billion, up 379% from the prior year, and earnings of $33.42 per share, beating estimates. Its Q1 fiscal 2027 EPS guidance of $37.15 to $39.15 provides further evidence that the memory upcycle remains strong. Why Micron Stock Is Up Today
• Positive Sentiment: Valuation remains attractive to some investors. Articles note that Micron trades at a forward P/E below 6 after retreating from its June peak, while analysts and commentators including Jim Cramer view MU as a potential major beneficiary of the AI memory boom.
• Neutral Sentiment: Additional demand catalysts are emerging. Forecasts that robotics and physical AI could require substantially more memory support Micron’s long-term growth case, although these opportunities remain speculative and are not yet a material revenue driver.
• Negative Sentiment: Investors still face cyclical and valuation risks. Memory shortages can eventually reverse, potentially pressuring prices and profits. Micron’s recent pullback, elevated volatility, and close trading correlation with SK Hynix also leave the stock vulnerable if AI spending or supply-demand conditions weaken.

Micron Technology Stock Up 5.9%

Shares of NASDAQ:MU opened at $983.23 on Thursday. The company has a fifty day simple moving average of $980.53 and a 200 day simple moving average of $738.88. The firm has a market cap of $1.11 trillion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 0.15 and a beta of 2.22. Micron Technology, Inc. has a 12-month low of $192.59 and a 12-month high of $1,255.00. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same period in the prior year, the company posted $3.03 EPS. The business's revenue 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. On average, equities research analysts anticipate that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Buying and Selling at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, August 18th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Deboer sold 28,545 shares of the company'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 in the company, valued at $132,687,000. This represents a 16.22% decrease in their position. 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 valued at $78,460,850. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Seaport Research Partners restated a "buy" rating on shares of Micron Technology in a research note on Friday, August 14th. KeyCorp reiterated an "overweight" rating on shares of Micron Technology in a research note on Thursday, October 1st. President Capital increased their target price on Micron Technology to $1,500.00 and gave the company a "buy" rating in a research note on Friday, July 17th. UBS Group reiterated a "buy" rating and set a $1,625.00 target price (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. Finally, Wedbush restated an "outperform" rating and issued a $1,400.00 target price on shares of Micron Technology in a research note on Monday, September 28th. One investment 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,407.88.

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.

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