Micron Technology, Inc. $MU Shares Purchased by Eastern Bank

Eastern Bank increased its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 101.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,857 shares of the semiconductor manufacturer's stock after buying an additional 20,039 shares during the quarter. Eastern Bank's holdings in Micron Technology were worth $42,452,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. M.E. Allison & CO. Inc. boosted its stake in shares of Micron Technology by 0.8% in the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer's stock worth $1,528,000 after buying an additional 11 shares during the last quarter. Cherrydale Wealth Management LLC raised its position in shares of Micron Technology by 1.4% in the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer's stock worth $1,122,000 after acquiring an additional 13 shares during the period. Bellevue Asset Management LLC grew its position in shares of Micron Technology by 25.5% during the 2nd quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer's stock valued at $74,000 after acquiring an additional 13 shares during the period. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of Micron Technology by 8.8% during the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer's stock valued at $186,000 after buying an additional 13 shares in the last quarter. Finally, Red Door Wealth Management LLC grew its stake in Micron Technology by 0.7% in the 2nd quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer's stock valued at $2,209,000 after acquiring an additional 14 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology News Roundup

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

Micron Technology Trading Down 0.8%

NASDAQ:MU traded down $8.73 during trading hours on Monday, hitting $1,066.16. The company had a trading volume of 9,455,550 shares, compared to its average volume of 41,714,750. 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 50-day moving average of $957.97 and a 200 day moving average of $823.35. The company has a market cap of $1.20 trillion, a P/E ratio of 14.36, a P/E/G ratio of 0.20 and a beta of 2.22. Micron Technology, Inc. has a 1 year low of $179.61 and a 1 year high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping 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 quarter in the previous year, the firm earned $3.03 EPS. The company'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. Sell-side analysts expect that Micron Technology, Inc. will post 165.51 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be given 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 dividend payout ratio (DPR) is presently 0.81%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. William Blair set a $1,300.00 price objective on shares of Micron Technology in a research report on Thursday. CLSA reissued an "outperform" rating and set a $1,700.00 target price on shares of Micron Technology in a research note on Friday. Weiss Ratings reiterated a "buy (b)" rating on shares of Micron Technology in a research note on Friday, August 7th. Seaport Research Partners reissued a "buy" rating on shares of Micron Technology in a report on Friday, August 14th. Finally, The Goldman Sachs Group set a $1,250.00 target price on Micron Technology in a research report on Thursday. Forty-one investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Micron Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,385.93.

Insider Activity at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is currently owned by company insiders.

Micron Technology Profile

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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