Micron Technology, Inc. $MU Shares Acquired by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp increased its Micron stake by 21.3% in the third quarter, buying 63,465 shares to bring its holdings to 362,102 shares, valued at about $385.7 million. Institutional investors collectively own 80.84% of Micron.
• 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 also issued Q1 2027 EPS guidance of $37.15–$39.15.
• Analyst sentiment is broadly positive: 41 analysts rate the shares Buy, and the average price target is $1,407.88. Recent news about strong AI-infrastructure demand has also supported optimism about demand for Micron’s memory chips.

Fifth Third Bancorp boosted its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 21.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 362,102 shares of the semiconductor manufacturer's stock after purchasing an additional 63,465 shares during the period. Fifth Third Bancorp's holdings in Micron Technology were worth $385,679,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MU. M.E. Allison & CO. Inc. lifted its position in shares of Micron Technology by 0.8% during the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer's stock worth $1,528,000 after purchasing an additional 11 shares during the last quarter. Purus Wealth Management LLC lifted its position in shares of Micron Technology by 1.4% in the 3rd quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer's stock worth $867,000 after buying an additional 11 shares during the last quarter. Ables Iannone Moore & Associates Inc. boosted its holdings in shares of Micron Technology by 5.3% in the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer's stock valued at $252,000 after buying an additional 12 shares during the period. Koesten Hirschmann & Crabtree INC. raised its stake in Micron Technology by 5.6% during the third quarter. Koesten Hirschmann & Crabtree INC. now owns 228 shares of the semiconductor manufacturer's stock worth $243,000 after acquiring an additional 12 shares during the period. Finally, Physician Wealth Advisors Inc. boosted its stake in Micron Technology by 1.6% in the third quarter. Physician Wealth Advisors Inc. now owns 762 shares of the semiconductor manufacturer's stock valued at $812,000 after acquiring an additional 12 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Key Micron Technology News

These are some of the MU news items that stood out recently:

• Positive Sentiment: CoreWeave strengthened the AI-demand outlook. The data-center company beat expectations and raised its 2026 revenue outlook; its CEO said demand for AI infrastructure exceeds available capacity. Because CoreWeave buys Micron’s memory chips, the news eased fears of slowing customer demand. Article: Micron Stock Jumps as CoreWeave Outlook Eases AI Spending Fears
• Positive Sentiment: Low valuation and bullish analyst views support the recovery case. Articles highlight MU trading at roughly 3.8 times earnings, while some analysts see substantial upside; Goldman Sachs reiterated a $1,250 price target. Micron’s recent earnings beat and strong growth outlook add to the bullish argument. Article: Analysts See Micron Stock Doubling
• Positive Sentiment: AI-related business ties drew attention. Micron is among suppliers participating in Anthropic’s private placement, a development that may deepen its relationship with a major AI customer. Article: Micron Stocks Jump as Memory Rebound Meets Anthropic Placement

Wall Street Analyst Weigh In

Several analysts recently issued reports on MU shares. Citigroup raised their price target on Micron Technology from $1,150.00 to $1,300.00 and gave the stock a "buy" rating in a report on Wednesday, September 23rd. William Blair set a $1,300.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Seaport Research Partners restated a "buy" rating on shares of Micron Technology in a research note on Friday, August 14th. Itau BBA Securities raised their target price on Micron Technology from $1,243.78 to $1,697.09 and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Finally, Wedbush reissued an "outperform" rating and issued a $1,400.00 price target on shares of Micron Technology in a research note on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $1,407.88.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $811.30 on Thursday. Micron Technology, Inc. has a 1 year low of $192.59 and a 1 year high of $1,255.00. 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 stock has a fifty day moving average price of $950.48 and a two-hundred day moving average price of $760.41. The firm has a market cap of $917.92 billion, a P/E ratio of 10.93, a PEG ratio of 0.13 and a beta of 2.36.

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 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 during the quarter, compared to analysts' expectations of $51.33 billion. During the same quarter last year, the business posted $3.03 earnings per share. The company's quarterly 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. Research analysts forecast that Micron Technology, Inc. will post 175.22 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 14th were issued 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 was Wednesday, October 14th. Micron Technology's payout ratio is presently 0.81%.

Insider Activity at Micron Technology

In related news, insider Scott Deboer sold 28,545 shares of the stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $900.00, for a total transaction 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. This represents a 16.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president 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 SEC filing for this sale provides additional information. Insiders sold a total of 83,545 shares of company stock valued at $78,460,850 over the last ninety days. Insiders own 0.24% of the company's stock.

Micron Technology Profile

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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