Micron Technology, Inc. $MU Stake Raised by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB increased its Micron stake by 29.8% in the third quarter, bringing its holdings to 5,720 shares valued at approximately $6.1 million. Institutional investors collectively own 80.84% of Micron.
• Analysts remain broadly bullish, with 41 Buy ratings and five Holds, producing a “Moderate Buy” consensus and an average price target of $1,385.93.
• Micron reported quarterly EPS of $33.42 and revenue of $54.23 billion, up 379.1% year over year, supported by AI-driven memory demand. However, investors should weigh risks from memory-market cyclicality, potential oversupply and margin pressure; insiders sold about $90.9 million of shares during the quarter.

MassMutual Private Wealth & Trust FSB increased its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 29.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,720 shares of the semiconductor manufacturer's stock after purchasing an additional 1,314 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Micron Technology were worth $6,092,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MU. Andar Capital Management HK Ltd lifted its position 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 worth $39,571,847,000 after purchasing an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA bought a new position in shares of Micron Technology in the second quarter worth about $22,182,263,000. Bank of America Corp DE grew its holdings 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 purchasing an additional 2,136,470 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Micron Technology in the second quarter worth about $8,402,393,000. Finally, Wellington Management Group LLP increased its stake in Micron Technology by 28.7% in the 2nd 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays boosted their price objective on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the company an "overweight" rating in a research report on Thursday, June 25th. Raymond James Financial reaffirmed an "outperform" rating on shares of Micron Technology in a research note on Thursday. UBS Group reiterated a "buy" rating and issued a $1,625.00 price target (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. KeyCorp reissued an "overweight" rating on shares of Micron Technology in a research note on Thursday. Finally, BNP Paribas Exane lifted their target price on Micron Technology from $615.00 to $1,700.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. Forty-one investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,385.93.

Insider Activity at Micron Technology

In other Micron Technology news, 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 value of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott Allen sold 879 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the sale, the chief accounting officer directly owned 34,958 shares of the company's stock, valued at approximately $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 95,879 shares of company stock valued at $90,939,466 over the last quarter. 0.24% of the stock is owned by corporate insiders.

Micron Technology Stock Performance

Shares of MU stock opened at $1,074.89 on Monday. The firm has a market cap of $1.21 trillion, a price-to-earnings ratio of 14.48, a PEG ratio of 0.20 and a beta of 2.22. The company's 50 day moving average is $957.97 and its 200 day moving average is $823.35. 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, Inc. has a 52-week low of $179.61 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last posted 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. The company had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%.Micron Technology's revenue was up 379.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.03 earnings per share. 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 165.51 EPS for the current fiscal 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 yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is presently 0.81%.

Micron Technology News Roundup

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

• Positive Sentiment: Micron generated approximately $54.23 billion in quarterly revenue, up 379% year over year, and reported EPS of $33.42 versus the $31.77 consensus estimate. Management’s outlook calls for continued sequential growth in fiscal 2027, reinforcing confidence in the memory upcycle. Investors Had a Tepid Reaction to Micron’s Latest Earnings Report
• Positive Sentiment: AI data-center demand is driving strong demand for high-bandwidth memory and other advanced products. Long-term strategic customer agreements now cover more than 35% of revenue through 2030, with roughly $150 billion in potential revenue, improving visibility and reducing exposure to the traditional memory cycle. Micron: Memory Boom Still Has Legs
• Positive Sentiment: Micron’s unusually strong cash generation could soon translate into stock buybacks. Customer deposits, including billions already received under strategic agreements, and government incentives also help finance capacity expansion while limiting the amount shareholders must fund. Micron’s historic cash bonanza is set to rain down on investors
• Neutral Sentiment: Despite the rally, Micron still screens as inexpensive on reported earnings, with a trailing P/E near 14. Investors view its Nvidia collaboration, HBM4E development and capacity additions as potential support for growth through 2028 and beyond. Micron: The Trade Of The Decade Has Arrived
• Negative Sentiment: The principal risk is cyclicality: analysts expect growth to decelerate materially in later fiscal years, while additional DRAM or HBM supply, weaker pricing and higher interest rates could pressure margins. Some commentary argues the current earnings may reflect peak memory-cycle profits rather than a sustainable long-term baseline. Micron: The Memory Equity Cycle Is At Its Zenith
• Negative Sentiment: Investor Michael Burry’s bearish positioning on the AI sector adds a sentiment risk, with his outlook calling for significant declines in Micron and other AI-related stocks if the bubble deflates. Michael Burry Thinks the AI Bubble Will Burst

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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