Micron Technology, Inc. $MU Stock: Aberdeen Group plc Raises Stake

Key Points

• Aberdeen Group increased its Micron stake by 762.2% in the third quarter to 7.08 million shares, making Micron its largest holding at 7.9% of its portfolio.
• Micron reported quarterly EPS of $33.42, beating the $31.77 consensus, while revenue rose 379.1% year over year to $54.23 billion. The company also issued Q1 2027 EPS guidance of $37.15–$39.15.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $1,435.58, though the article notes volatility and uncertainty around memory pricing and the durability of AI-driven demand.

Aberdeen Group plc boosted its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 762.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,084,241 shares of the semiconductor manufacturer's stock after acquiring an additional 6,262,603 shares during the period. Micron Technology accounts for 7.9% of Aberdeen Group plc's holdings, making the stock its biggest position. Aberdeen Group plc owned about 0.63% of Micron Technology worth $7,545,496,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Crystal Cove Asset Management LLC bought a new stake in Micron Technology in the 3rd quarter valued at $1,191,000. Valmark Advisers Inc. lifted its holdings in shares of Micron Technology by 35.0% during the third quarter. Valmark Advisers Inc. now owns 3,314 shares of the semiconductor manufacturer's stock worth $3,530,000 after buying an additional 860 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Micron Technology by 1,496.1% during the third quarter. William Blair Investment Management LLC now owns 224,405 shares of the semiconductor manufacturer's stock worth $239,016,000 after buying an additional 210,345 shares in the last quarter. PFC Capital Group Inc. bought a new stake in shares of Micron Technology in the third quarter valued at about $580,000. Finally, Valued Retirements Inc. boosted its position in shares of Micron Technology by 33.0% in the third quarter. Valued Retirements Inc. now owns 395 shares of the semiconductor manufacturer's stock valued at $421,000 after acquiring an additional 98 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Price Performance

Shares of MU opened at $778.31 on Friday. The company has a market capitalization of $880.60 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 0.14 and a beta of 2.36. The business has a 50-day moving average of $943.73 and a 200-day moving average of $764.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. Micron Technology, Inc. has a 1 year low of $192.59 and a 1 year high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the previous year, the company earned $3.03 EPS. The company's revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 174.19 earnings per share for the current year.

Micron Technology Announces Dividend

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

Insider Transactions at Micron Technology

In other 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 value of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares of the company's stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares in the company, valued at approximately $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. In the last ninety days, insiders sold 83,545 shares of company stock valued at $78,460,850. Corporate insiders own 0.24% of the company's stock.

Micron Technology News Summary

Here's some of the latest news about MU:

• 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
• Negative Sentiment: Broad chip-sector selling is the main near-term headwind. Reports of Nvidia CEO Jensen Huang’s departure have unsettled investors and raised concerns about the AI trade’s durability, weighing on memory stocks including Micron despite its favorable outlook. Why Are Micron, SK Hynix, and SanDisk Stocks Falling?

Analyst Upgrades and Downgrades

MU has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $1,500.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Susquehanna reissued a "positive" rating on shares of Micron Technology in a report 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. The Goldman Sachs Group set a $1,250.00 target price on shares of Micron Technology in a report on Thursday, October 1st. Finally, Citigroup boosted their target price on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the company a "buy" rating in a research report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $1,435.58.

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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