Micron Technology, Inc. $MU Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments cut its Micron stake by 13.7% in the third quarter, selling 216,957 shares and retaining 1.36 million shares valued at about $1.45 billion.
• Analyst sentiment remains broadly positive: 42 analysts rate Micron Buy or Strong Buy, and the consensus rating is “Moderate Buy,” with an average price target of $1,407.88.
• Micron reported quarterly results above expectations, with EPS of $33.42 and revenue of $54.23 billion; revenue rose 379.1% year over year. Reports that much of next year’s high-bandwidth memory output is already sold point to continued AI-related demand and tight supply.

Russell Investments Group Ltd. lowered its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 13.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,362,993 shares of the semiconductor manufacturer's stock after selling 216,957 shares during the period. Micron Technology makes up 1.3% of Russell Investments Group Ltd.'s portfolio, making the stock its 10th biggest position. Russell Investments Group Ltd. owned about 0.12% of Micron Technology worth $1,451,738,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MU. Andar Capital Management HK Ltd increased its holdings in Micron Technology by 856,960.3% in the 2nd 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 in the last quarter. Primecap Management Co. CA acquired a new position in shares of Micron Technology during the second quarter worth about $22,182,263,000. Bank of America Corp DE lifted its stake in shares of Micron Technology by 26.6% during 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 purchasing an additional 2,136,470 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Micron Technology during the second quarter worth about $8,402,393,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Micron Technology by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,967,065 shares of the semiconductor manufacturer's stock worth $2,352,282,000 after buying an additional 86,488 shares during the period. Hedge funds and other institutional investors own 80.84% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. CLSA reiterated an "outperform" rating and issued a $1,700.00 target price on shares of Micron Technology in a research note on Friday, October 2nd. William Blair set a $1,300.00 price target on Micron Technology in a research report on Thursday, October 1st. Susquehanna restated a "positive" rating on shares of Micron Technology in a report on Thursday, October 1st. ThinkEquity reaffirmed a "buy" rating on shares of Micron Technology in a research report on Monday, August 3rd. Finally, DA Davidson lifted their price objective on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the company a "buy" rating in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,407.88.

Micron Technology News Roundup

Here's some of the latest news about MU:

• Positive Sentiment: Tight supply supports memory pricing. Reports say Micron has largely sold its high-bandwidth memory production for next year, reinforcing expectations that AI-driven demand and limited supply can sustain its business. Micron high-bandwidth memory article
• Neutral Sentiment: Micron plans a $1 billion investment in Anthropic’s private placement. The move ties Micron more closely to the AI ecosystem, but the investment’s eventual returns and strategic benefits are uncertain. Micron Anthropic investment article
• Neutral Sentiment: Micron announced participation in upcoming investor events, with no major new financial outlook disclosed in the report. Micron investor events announcement

Micron Technology Stock Down 1.6%

Shares of Micron Technology stock opened at $798.44 on Friday. Micron Technology, Inc. has a 1-year low of $192.59 and a 1-year high of $1,255.00. The company has a market capitalization of $903.37 billion, a PE ratio of 10.76, a P/E/G ratio of 0.14 and a beta of 2.36. 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 $947.33 and a 200-day moving average of $762.45.

Micron Technology (NASDAQ:MU - Get Free Report) last released 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 analysts' expectations of $51.33 billion. During the same quarter in the previous year, the firm posted $3.03 earnings per share. The company'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. As a group, equities analysts forecast that Micron Technology, Inc. will post 174.19 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 14th were paid 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 payout ratio is 0.81%.

Insider Activity at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. This represents a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the 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 directly owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 83,545 shares of company stock valued at $78,460,850 over the last ninety days. Corporate insiders own 0.24% of the company's stock.

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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