Micron Technology, Inc. $MU Shares Sold by Retirement Systems of Alabama

Key Points

• Retirement Systems of Alabama reduced its Micron stake by 11.5% in the third quarter, selling 48,984 shares; it retained 377,993 shares valued at about $402.6 million.
• Micron reported quarterly EPS of $33.42, beating estimates of $31.77, while revenue rose 379.1% year over year to $54.23 billion. The company also issued first-quarter fiscal 2027 EPS guidance of $37.15–$39.15.
• Institutional investors own 80.84% of Micron, while insiders sold 83,545 shares worth about $78.5 million over the last 90 days. Shares opened at $733.15, well below the consensus analyst price target of $1,407.88.

Retirement Systems of Alabama cut its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 11.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 377,993 shares of the semiconductor manufacturer's stock after selling 48,984 shares during the quarter. Micron Technology accounts for about 1.2% of Retirement Systems of Alabama's investment portfolio, making the stock its 15th largest holding. Retirement Systems of Alabama's holdings in Micron Technology were worth $402,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Andar Capital Management HK Ltd boosted its stake in shares of Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock valued at $39,571,847,000 after purchasing an additional 34,278,413 shares during the period. Primecap Management Co. CA bought a new position in shares of Micron Technology in the second quarter worth approximately $22,182,263,000. Bank of America Corp DE increased its stake in shares of Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer's stock worth $11,744,621,000 after buying an additional 2,136,470 shares during the period. Legal & General Group Plc purchased a new position in shares of Micron Technology in the second quarter worth $8,402,393,000. Finally, Wellington Management Group LLP increased its stake in shares of Micron Technology by 28.7% in the second quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer's stock worth $5,823,556,000 after buying an additional 1,125,414 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Insider Transactions at Micron Technology

In related news, insider Scott J. Deboer sold 28,545 shares of the business's stock in a transaction dated 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 transaction, the insider owned 147,430 shares in the company, valued at $132,687,000. The trade was a 16.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 83,545 shares of company stock valued at $78,460,850. Company insiders own 0.24% of the company's stock.

More Micron Technology News

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

• Positive Sentiment: Memory and storage stocks recovered after a sharp post-midterm sell-off, helping lift Micron. Some investors pointed to its comparatively low earnings multiple and potential buyback capacity as reasons for optimism. Micron Technology climbs amid broad tech rally
• Positive Sentiment: Recent coverage highlighted strong fundamentals: Micron’s latest quarterly revenue rose 379% year over year, and reports cited 26 take-or-pay customer agreements representing $32 billion in commitments, which could improve earnings visibility. Micron’s take-or-pay agreements
• Neutral Sentiment: Some analysts argue that fears of memory-chip competition may be overstated, while others see Micron’s recent decline as a potentially attractive entry point. These are opinions rather than new company results. Micron stock and competition concerns
• Negative Sentiment: Investors remain concerned that local opposition and restrictions on data-center projects could slow AI infrastructure spending—and, in turn, demand for memory. Those fears helped trigger last week’s sell-off. Why Micron stock gained on Monday
• Negative Sentiment: A separate report said construction of a new Micron memory plant in Taiwan was paused amid a labor dispute. If prolonged, the delay could affect capacity plans, although the article did not quantify the potential impact. Micron Taiwan plant construction halt

Micron Technology Price Performance

Shares of Micron Technology stock opened at $733.15 on Tuesday. The business has a 50 day moving average of $957.60 and a 200 day moving average of $756.71. Micron Technology, Inc. has a 52 week low of $192.59 and a 52 week high of $1,255.00. The company has a market cap of $829.50 billion, a PE ratio of 9.88, a P/E/G ratio of 0.14 and a beta of 2.36. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly 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. The business had revenue of $54.23 billion for the quarter, compared to analysts' expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm's revenue for the quarter was up 379.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities research analysts forecast that Micron Technology, Inc. will post 175.19 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 14th. Micron Technology's dividend payout ratio (DPR) is currently 0.81%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MU. Weiss Ratings lowered shares of Micron Technology from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, October 27th. KeyCorp reissued an "overweight" rating on shares of Micron Technology in a report on Thursday, October 1st. Wells Fargo & Company cut their price target on shares of Micron Technology from $1,525.00 to $1,400.00 and set an "overweight" rating on the stock in a report on Wednesday, September 23rd. Robert W. Baird boosted their price objective on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the company an "outperform" rating in a research report on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Micron Technology in a research note on Thursday, October 1st. One investment 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 stock. According to MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and an average target price of $1,407.88.

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.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into a global technology company with operations and customers across multiple regions.

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