Micron Technology, Inc. $MU Stock: AEGON ASSET MANAGEMENT UK Plc Lowers Holdings

Key Points

• AEGON Asset Management UK cut its Micron stake by 3.4% in the third quarter, selling 8,472 shares; it held 243,636 shares valued at about $259.5 million at the latest filing.
• Institutional investors own 80.84% of Micron shares, while analyst sentiment remains broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $1,407.88.
• Micron reported quarterly revenue up 379.1% year over year and earnings above estimates. Coverage also notes risks to memory demand from possible delays in data-center projects and a labor dispute affecting a Taiwan plant construction project.

AEGON ASSET MANAGEMENT UK Plc reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,636 shares of the semiconductor manufacturer's stock after selling 8,472 shares during the quarter. Micron Technology accounts for approximately 2.7% of AEGON ASSET MANAGEMENT UK Plc's holdings, making the stock its 10th biggest position. AEGON ASSET MANAGEMENT UK Plc's holdings in Micron Technology were worth $259,499,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MU. Gibbs Wealth Management raised its holdings in shares of Micron Technology by 52.7% in the third quarter. Gibbs Wealth Management now owns 6,041 shares of the semiconductor manufacturer's stock valued at $6,435,000 after buying an additional 2,085 shares during the last quarter. Denali Advisors LLC bought a new stake in Micron Technology during the 2nd quarter worth about $7,364,000. Castleark Management LLC bought a new stake in Micron Technology during the 1st quarter worth about $3,709,000. Oppenheimer & Co. Inc. increased its position in Micron Technology by 16.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer's stock valued at $56,006,000 after acquiring an additional 6,702 shares in the last quarter. Finally, Legacy Wealth Management LLC MS increased its position in Micron Technology by 73.3% in the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer's stock valued at $4,091,000 after acquiring an additional 1,499 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on MU. TD Cowen reaffirmed a "buy" rating and issued a $1,600.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. Wells Fargo & Company dropped their price objective on shares of Micron Technology from $1,525.00 to $1,400.00 and set an "overweight" rating for the company in a research report on Wednesday, September 23rd. UBS Group restated a "buy" rating and issued a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a research report on Wednesday, September 23rd. KeyCorp reiterated an "overweight" rating on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Citigroup lifted their target price on Micron Technology from $1,150.00 to $1,300.00 and gave the company a "buy" rating in a research note on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and an average price target of $1,407.88.

Key Stories Impacting Micron Technology

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 MU stock opened at $733.15 on Tuesday. The firm's 50 day moving average price is $957.60 and its two-hundred day moving average price is $756.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. Micron Technology, Inc. has a 52-week low of $192.59 and a 52-week high of $1,255.00. The stock has a market cap of $829.50 billion, a PE ratio of 10.64, a PEG ratio of 0.14 and a beta of 2.36.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion during the quarter, compared to analysts' expectations of $51.33 billion. During the same quarter in the previous year, the company posted $3.03 EPS. The business's revenue for the quarter 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, analysts forecast that Micron Technology, Inc. will post 175.19 EPS for the current year.

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Sumit Sadana sold 15,000 shares of the firm's 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 sale, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $25,690,500.00. Following the completion of the sale, the insider owned 147,430 shares in the company, valued at approximately $132,687,000. This trade represents a 16.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 83,545 shares of company stock worth $78,460,850 over the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Micron Technology Company 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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