Micron Technology, Inc. $MU Shares Acquired by Wealth Enhancement Trust Services Inc.

Key Points

• Institutional ownership increased: Wealth Enhancement Trust Services raised its Micron Technology stake by 38.8% in the third quarter, while institutional investors and hedge funds collectively held 80.84% of the stock.
• Strong earnings and AI-driven demand boosted the outlook: Micron reported $54.23 billion in quarterly revenue and adjusted EPS of $33.42, beating estimates, while analysts expect continued growth from high-bandwidth memory and data-center demand.
• Analysts remain bullish, but risks persist: Micron has a “Moderate Buy” consensus rating and a $1,407.88 average price target, although potential labor disruption in Taiwan, elevated valuation expectations and recent insider selling remain concerns.

Wealth Enhancement Trust Services Inc. grew its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 38.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,415 shares of the semiconductor manufacturer's stock after buying an additional 1,515 shares during the quarter. Wealth Enhancement Trust Services Inc.'s holdings in Micron Technology were worth $5,768,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. MFA Wealth Advisors LLC grew its stake in shares of Micron Technology by 16.9% in the 3rd quarter. MFA Wealth Advisors LLC now owns 4,425 shares of the semiconductor manufacturer's stock valued at $4,713,000 after buying an additional 639 shares in the last quarter. S.E.E.D. Planning Group LLC acquired a new stake in shares of Micron Technology in the third quarter worth $326,000. North Point Portfolio Managers Corp OH bought a new position in shares of Micron Technology during the 3rd quarter worth about $282,000. MRA Advisory Group acquired a new position in Micron Technology in the 3rd quarter valued at approximately $504,000. Finally, Wealth Group Ltd lifted its position in Micron Technology by 13.7% in the third quarter. Wealth Group Ltd now owns 291 shares of the semiconductor manufacturer's stock worth $313,000 after purchasing an additional 35 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

More Micron Technology News

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

• Positive Sentiment: Major price-target increase: D.A. Davidson raised its Micron price target to $3,000 from $2,100 while maintaining a Buy rating. Analyst Gil Luria expects AI infrastructure demand to keep memory supply constrained through 2028, implying substantial additional upside. Why is Micron stock rising on Wednesday?
• Positive Sentiment: AI demand and committed orders support the outlook: Recent coverage highlights that more than 75% of Micron’s fiscal 2027 shipments are committed, with customers already discussing 2028 allocations. Demand for high-bandwidth memory, server DRAM and data-center SSDs is helping reduce the company’s historical exposure to consumer-memory cycles. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Positive Sentiment: Record earnings reinforce momentum: Micron reported fiscal fourth-quarter revenue of $54.23 billion and adjusted EPS of $33.42, well above the prior-year results. Its fiscal first-quarter 2027 guidance calls for $60 billion–$63 billion of revenue and $37.15–$39.15 of adjusted EPS, pointing to another sequential increase. Micron’s profits surge as Meta’s AI spending accelerates
• Neutral Sentiment: Patent settlement removes litigation uncertainty but adds cost: Micron agreed to pay Netlist $600 million, including quarterly licensing payments over five years, to resolve patent disputes. The agreement provides legal clarity but creates a sizeable cash expense. Micron Technology and Netlist settle patent dispute
• Negative Sentiment: Taiwan strike threat and valuation risks remain: Workers at Micron’s Taiwan facilities authorized a strike over bonus negotiations; no walkout has been announced, but disruption could affect a major production hub. Separately, critics warn that the stock’s substantial rally assumes unusually strong memory pricing and may be vulnerable when new capacity arrives. Micron’s Taiwan union secures authorization to strike

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MU. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. Raymond James Financial reissued an "outperform" rating on shares of Micron Technology in a report on Thursday, October 1st. HSBC boosted their price objective on Micron Technology from $1,100.00 to $1,700.00 and gave the stock a "buy" rating in a report on Thursday, June 25th. Cantor Fitzgerald restated an "overweight" rating and issued a $2,000.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Finally, William Blair set a $1,300.00 price objective on shares of Micron Technology in a report on Thursday, October 1st. Forty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,407.88.

Micron Technology Stock Up 4.1%

MU traded up $42.44 on Wednesday, hitting $1,088.00. 30,564,464 shares of the company were exchanged, compared to its average volume of 41,600,656. The company has a market cap of $1.23 trillion, a PE ratio of 14.66, a PEG ratio of 0.19 and a beta of 2.22. 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 12 month low of $179.61 and a 12 month high of $1,255.00. The stock's fifty day moving average is $972.71 and its 200-day moving average is $836.22.

Micron Technology (NASDAQ:MU - Get Free Report) last released 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 net margin of 63.80% and a return on equity of 92.62%. The business had revenue of $54.23 billion during the quarter, compared to analysts' expectations of $51.33 billion. During the same period last year, the business 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. Equities research analysts predict that Micron Technology, Inc. will post 167.29 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Transactions at Micron Technology

In related news, CAO Scott Allen sold 879 shares of Micron Technology stock in a transaction dated 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 owned 34,958 shares of the company's stock, valued at approximately $34,958,000. The trade was a 2.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the business'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 value of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares of the company's stock, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is owned by insiders.

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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