Micron Technology, Inc. $MU Shares Sold by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue reduced its Micron stake by 5.9% in the third quarter, selling 9,514 shares and retaining 151,980 shares worth approximately $161.9 million. Institutional investors collectively own 80.84% of Micron.
• Micron reported much stronger-than-expected quarterly results, with earnings of $33.42 per share and revenue of $54.23 billion, up 379.1% year over year. The company also issued first-quarter 2027 EPS guidance of $37.15–$39.15.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $1,407.88, though risks include Chinese memory competition, potential oversupply, and the historically cyclical nature of the memory-chip market.

State of Alaska Department of Revenue lessened its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 151,980 shares of the semiconductor manufacturer's stock after selling 9,514 shares during the quarter. Micron Technology makes up approximately 1.5% of State of Alaska Department of Revenue's portfolio, making the stock its 12th largest holding. State of Alaska Department of Revenue's holdings in Micron Technology were worth $161,874,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. M.E. Allison & CO. Inc. increased its stake in shares of Micron Technology by 0.8% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer's stock worth $1,528,000 after purchasing an additional 11 shares during the last quarter. Purus Wealth Management LLC raised its holdings in shares of Micron Technology by 1.4% during the 3rd quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer's stock valued at $867,000 after purchasing an additional 11 shares in the last quarter. Ables Iannone Moore & Associates Inc. lifted its stake in shares of Micron Technology by 5.3% in the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer's stock valued at $252,000 after purchasing an additional 12 shares during the last quarter. Koesten Hirschmann & Crabtree INC. lifted its stake in shares of Micron Technology by 5.6% in the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 228 shares of the semiconductor manufacturer's stock valued at $243,000 after purchasing an additional 12 shares during the last quarter. Finally, Cherrydale Wealth Management LLC lifted its stake in shares of Micron Technology by 1.4% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer's stock valued at $1,122,000 after purchasing an additional 13 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the business's 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Scott Allen sold 879 shares of the business's stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer directly owned 34,958 shares of the company's stock, valued at $34,958,000. This represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 95,879 shares of company stock worth $90,939,466. Company insiders own 0.24% of the company's stock.

Micron Technology Stock Performance

NASDAQ:MU opened at $931.24 on Friday. The firm has a market capitalization of $1.05 trillion, a PE ratio of 12.55, a PEG ratio of 0.16 and a beta of 2.22. Micron Technology, Inc. has a 1 year low of $192.40 and a 1 year high of $1,255.00. 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 firm's fifty day simple moving average is $985.86 and its 200 day simple moving average is $861.12.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share 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 firm had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same quarter in the previous year, the business earned $3.03 EPS. The business's revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology's payout ratio is presently 0.81%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a report on Thursday, June 25th. Royal Bank Of Canada restated an "outperform" rating and set a $1,500.00 target price on shares of Micron Technology in a report on Thursday, October 1st. HSBC raised their target price on Micron Technology from $1,100.00 to $1,700.00 and gave the company a "buy" rating in a report on Thursday, June 25th. CLSA reaffirmed an "outperform" rating and issued a $1,700.00 price target on shares of Micron Technology in a research report on Friday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Micron Technology in a report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,407.88.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron’s fundamental outlook remains strong. Fiscal 2026 revenue reportedly rose 256% to $133.2 billion, while tight DRAM and HBM supply is supporting significant margin expansion. The company is also accelerating construction of new fabs in Idaho and New York to increase capacity. Prediction: This Is What $2,000 Invested in Micron Stock Today Could Be Worth by 2029
• Positive Sentiment: Micron has signed 26 strategic customer agreements with pricing frameworks, helping reduce the traditional memory cycle risk. Its diversified customer base also means no single customer represented at least 10% of fiscal 2026 revenue. Micron's Customer Contracts Just Took the Memory Cycle Off the Table
• Positive Sentiment: Analysts and commentators continue to identify MU as a buy-the-dip opportunity, citing AI-driven revenue growth, expanding margins and a lower valuation than some peers. Erste Group also raised its FY2027 earnings estimate, while Rosenblatt reaffirmed a Buy rating.
• Positive Sentiment: Elon Musk praised Micron’s approach to future memory pricing, and strong demand for AI infrastructure is expected to support high-value HBM shipments. ASML’s reported order backlog through 2030 also reinforces the long-term equipment and HBM demand outlook. ASML Just Delivered Excellent News for Micron Stock Investors
• Neutral Sentiment: Micron’s market capitalization is trailing several large companies, including Eli Lilly and Berkshire Hathaway, highlighting both the stock’s substantial rally and the possibility that investors are reassessing its valuation after recent volatility.
• Negative Sentiment: The principal overhang is China’s ChangXin Memory Technologies (CXMT), which is advancing in DDR5, LPDDR5X and server-memory products. Investors fear that Chinese competition could pressure prices and margins, although analysts note CXMT currently appears more competitive in lower-end memory than in Micron’s premium HBM products.
• Negative Sentiment: A broader AI and semiconductor sell-off, concerns about a possible memory oversupply by 2029, higher inflation and potential interest-rate increases have contributed to recent selling. Cathie Wood’s warning that memory-chip cycles remain “vicious” underscores the risk that today’s exceptional profits may not persist.

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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