Micron Technology, Inc. $MU Shares Bought by Ferguson Wellman Capital Management Inc.

Key Points

• Ferguson Wellman Capital Management increased its Micron stake by 3.8% in the third quarter, bringing its holdings to 100,197 shares valued at approximately $106.7 million. Institutional investors collectively own 80.84% of Micron’s stock.
• Micron reported strong fiscal fourth-quarter results, with revenue up 379.1% year over year to $54.23 billion and adjusted EPS of $33.42, beating analyst expectations. Management also issued higher first-quarter 2027 guidance, while analysts maintain a broadly positive “Moderate Buy” consensus.
• Despite strong AI-driven demand and supply constraints, investors remain concerned that memory prices and profit margins could peak as competitors expand capacity. Micron shares recently traded at $1,066.84, down 0.7%, while insiders have sold roughly $90.9 million of stock over the past quarter.

Ferguson Wellman Capital Management Inc. grew its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,197 shares of the semiconductor manufacturer's stock after purchasing an additional 3,625 shares during the quarter. Micron Technology comprises approximately 1.3% of Ferguson Wellman Capital Management Inc.'s investment portfolio, making the stock its 19th largest position. Ferguson Wellman Capital Management Inc.'s holdings in Micron Technology were worth $106,721,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. CapWealth Advisors LLC raised its stake in Micron Technology by 1.9% during the third quarter. CapWealth Advisors LLC now owns 1,065 shares of the semiconductor manufacturer's stock worth $1,134,000 after buying an additional 20 shares during the last quarter. Adelphi Trust Co grew its holdings in Micron Technology by 31.4% during the 3rd quarter. Adelphi Trust Co now owns 578 shares of the semiconductor manufacturer's stock worth $616,000 after acquiring an additional 138 shares during the period. Eastern Bank raised its position in shares of Micron Technology by 101.1% in the 3rd quarter. Eastern Bank now owns 39,857 shares of the semiconductor manufacturer's stock worth $42,452,000 after acquiring an additional 20,039 shares in the last quarter. Rockland Trust Co. lifted its stake in shares of Micron Technology by 54.1% in the 3rd quarter. Rockland Trust Co. now owns 322 shares of the semiconductor manufacturer's stock valued at $343,000 after purchasing an additional 113 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Micron Technology by 29.8% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 5,720 shares of the semiconductor manufacturer's stock valued at $6,092,000 after purchasing an additional 1,314 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Insiders Place Their Bets

In related news, EVP Sumit Sadana sold 15,000 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares of the company's stock, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the 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 transaction, 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 95,879 shares of company stock valued at $90,939,466. Insiders own 0.24% of the company's stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron reported fiscal Q4 revenue of $54.23 billion, up roughly 379% year over year, and adjusted earnings of $33.42 per share, exceeding analyst expectations. Management also issued higher fiscal Q1 2027 guidance, reinforcing expectations for continued near-term momentum. Micron Stock Looks Like a Top AI Investment to Make Right Now
• Positive Sentiment: Articles point to sustained AI infrastructure demand for high-bandwidth memory, strategic customer agreements covering more than one-third of revenue through 2030, and tighter-than-expected supply conditions into fiscal 2027 and 2028. These factors could support pricing power and reduce the severity of Micron’s historically cyclical business. Micron: The Trade Of The Decade Has Arrived
• Positive Sentiment: Micron’s large cash generation, customer deposits and expected share buybacks are viewed as additional support for shareholder returns and capacity expansion. Micron's historic cash bonanza is set to rain down on investors
• Neutral Sentiment: Analysts and commentators continue to debate whether Micron’s valuation—despite a low forward earnings multiple—appropriately reflects unusually strong, potentially temporary memory-cycle profits. High earnings growth supports the bull case, but estimates imply a significant slowdown in later fiscal years. Investors Had a Tepid Reaction to Micron's Latest Earnings Report
• Negative Sentiment: Investors remain concerned that memory prices and gross margins could peak as competitors add DRAM and HBM capacity. The stock’s muted earnings reaction reflects fears that future revenue and profits may decline once supply improves. Micron Stock Falls Amid Fears of Memory-Price Peak
• Negative Sentiment: Short volume rose to a two-week high, with bearish trades overtaking bullish positions, while broader warnings about an AI-stock bubble add volatility and downside risk. Short squeeze alert for Micron stock amid spike in short volume

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MU shares. BMO Capital Markets reissued an "outperform" rating on shares of Micron Technology in a research note on Thursday. DA Davidson boosted their target price on shares of Micron Technology from $2,000.00 to $2,100.00 and gave the company a "buy" rating in a research report on Thursday. Raymond James Financial restated an "outperform" rating on shares of Micron Technology in a report on Thursday. Wedbush reaffirmed an "outperform" rating and issued a $1,400.00 target price on shares of Micron Technology in a research report on Monday, September 28th. Finally, Citigroup boosted their price objective on Micron Technology from $1,150.00 to $1,300.00 and gave the company a "buy" rating in a report on Wednesday, September 23rd. Forty-one investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,385.93.

Micron Technology Stock Down 0.7%

Shares of MU stock traded down $8.05 on Monday, hitting $1,066.84. The stock had a trading volume of 9,778,723 shares, compared to its average volume of 41,714,750. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The business has a 50 day moving average of $957.97 and a 200 day moving average of $823.35. Micron Technology, Inc. has a 12-month low of $179.61 and a 12-month high of $1,255.00. The stock has a market cap of $1.20 trillion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 0.20 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $51.33 billion. During the same period in the prior year, the firm posted $3.03 EPS. The firm's quarterly 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. As a group, analysts expect that Micron Technology, Inc. will post 165.51 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently declared 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. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology's dividend payout ratio (DPR) is 0.81%.

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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