Micron Technology, Inc. $MU Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Key Points

• Migdal Insurance & Financial Holdings reduced its Micron stake by 22.5% in the third quarter, selling 56,950 shares. It retained 196,156 shares valued at about $208.9 million.
• Micron reported quarterly EPS of $33.42, beating the $31.77 consensus, while revenue of $54.23 billion topped estimates and increased 379.1% year over year. The company also issued Q1 2027 EPS guidance of $37.15–$39.15.
• Analyst sentiment remained broadly positive: 41 analysts rated the stock a Buy or Strong Buy, and the average price target was $1,435.58. Shares traded at $778.31 on Friday, down $20.13 that day.

Migdal Insurance & Financial Holdings Ltd. cut its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 22.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,156 shares of the semiconductor manufacturer's stock after selling 56,950 shares during the quarter. Micron Technology accounts for 1.3% of Migdal Insurance & Financial Holdings Ltd.'s investment portfolio, making the stock its 22nd largest position. Migdal Insurance & Financial Holdings Ltd.'s holdings in Micron Technology were worth $208,926,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bullseye Investment Management LLC purchased a new position in Micron Technology in the second quarter valued at $27,000. Aventus Investment Advisors Inc. acquired a new position in Micron Technology during the 3rd quarter worth $30,000. Steph & Co. acquired a new position in Micron Technology during the 3rd quarter worth $31,000. Montgomery Financial Services LLC purchased a new stake in Micron Technology during the 2nd quarter worth about $38,000. Finally, Bfsg LLC increased its holdings in Micron Technology by 1,950.0% during the 3rd quarter. Bfsg LLC now owns 41 shares of the semiconductor manufacturer's stock worth $44,000 after purchasing an additional 39 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MU shares. Wedbush reiterated an "outperform" rating and issued a $1,400.00 price objective on shares of Micron Technology in a research note on Monday, September 28th. KeyCorp restated an "overweight" rating on shares of Micron Technology in a research note on Thursday, October 1st. William Blair set a $1,300.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. BMO Capital Markets restated an "outperform" rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $1,200.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology has an average rating of "Moderate Buy" and an average price target of $1,435.58.

Micron Technology Stock Performance

Shares of Micron Technology stock traded down $20.13 during trading on Friday, reaching $778.31. The company's stock had a trading volume of 27,749,501 shares, compared to its average volume of 30,791,856. The company has a 50-day moving average price of $943.73 and a two-hundred day moving average price of $764.29. Micron Technology, Inc. has a fifty-two week low of $192.59 and a fifty-two week high of $1,255.00. The firm has a market cap of $880.60 billion, a PE ratio of 10.49, a P/E/G ratio of 0.14 and a beta of 2.36. 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 data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 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 firm 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 business earned $3.03 EPS. The firm'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, analysts forecast that Micron Technology, Inc. will post 174.19 EPS for the current year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Stockholders 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 dividend payout ratio (DPR) is currently 0.81%.

Insider Activity at Micron Technology

In other news, insider Scott J. Deboer sold 28,545 shares of Micron Technology stock in a transaction on Friday, October 16th. The stock was sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the completion of the transaction, the insider owned 147,430 shares of the company's stock, valued at $132,687,000. The trade was a 16.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology 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 transaction, the chief executive officer owned 264,503 shares of the company's stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 83,545 shares of company stock worth $78,460,850 over the last 90 days. Company insiders own 0.24% of the company's stock.

Top Micron Technology Stories

Investors following MU have been watching these stories:

• Positive Sentiment: Micron’s record results and strong outlook support the growth case: coverage cited roughly $61.5 billion in quarterly revenue guidance, while its latest reported quarterly sales rose about 380% year over year. AI-related demand and tight supply of high-bandwidth memory are key potential tailwinds. Micron Is Down 20% in a Month
• Positive Sentiment: ETF buying provided a modest demand signal, with 59 funds adding Micron shares and 14 selling on Wednesday, for reported net purchases of $137.7 million. ETFs Bought $137.7 Million of Micron
• Neutral Sentiment: Analysts and market commentary say a sustained recovery will depend on memory pricing and whether AI-driven demand holds up; Micron’s shares have also been unusually volatile, leaving sentiment fragile. Micron Stocks Fall as Nvidia CEO Exit Drags Memory Shares Lower

About Micron Technology

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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