Micron Technology, Inc. $MU Stock: Allspring Global Investments Holdings LLC Raises Stake

Key Points

• Allspring Global Investments increased its Micron stake by 9.9% in the third quarter, adding 50,015 shares to hold 557,658 shares valued at about $612 million. Institutional investors own 80.84% of Micron.
• Micron reported quarterly EPS of $33.42 and revenue of $54.23 billion, beating analyst estimates; revenue rose 379% year over year. Its next-quarter EPS guidance also reportedly topped expectations, supported by strong memory demand.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $1,407.88, while the outlook carries risks including uncertainty about AI spending and a reported pause in construction at a planned Taiwan facility. Insiders sold 83,545 shares last quarter.

Allspring Global Investments Holdings LLC grew its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 9.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 557,658 shares of the semiconductor manufacturer's stock after purchasing an additional 50,015 shares during the quarter. Micron Technology comprises about 1.0% of Allspring Global Investments Holdings LLC's investment portfolio, making the stock its 9th largest position. Allspring Global Investments Holdings LLC's holdings in Micron Technology were worth $611,969,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MU. Gibbs Wealth Management boosted its stake in Micron Technology by 52.7% during the 3rd quarter. Gibbs Wealth Management now owns 6,041 shares of the semiconductor manufacturer's stock worth $6,435,000 after acquiring an additional 2,085 shares during the last quarter. Denali Advisors LLC bought a new stake in Micron Technology in the second quarter valued at approximately $7,364,000. Castleark Management LLC bought a new stake in Micron Technology in the first quarter valued at approximately $3,709,000. Oppenheimer & Co. Inc. increased its stake in Micron Technology by 16.0% in the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer's stock valued at $56,006,000 after purchasing an additional 6,702 shares in the last quarter. Finally, Legacy Wealth Management LLC MS raised its holdings in Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer's stock worth $4,091,000 after purchasing an additional 1,499 shares during the period. Institutional investors own 80.84% of the company's stock.

Insider Activity at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Scott Deboer sold 28,545 shares of the company's stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $900.00, for a total value of $25,690,500.00. Following the transaction, the insider directly owned 147,430 shares of the company's stock, valued at approximately $132,687,000. This trade represents a 16.22% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 83,545 shares of company stock valued at $78,460,850. 0.24% of the stock is owned by insiders.

Micron Technology News Roundup

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

• Positive Sentiment: Micron’s latest quarter showed sharply higher sales, and its next-quarter revenue guidance reportedly exceeded Wall Street expectations. Analysts cited continued memory demand, especially for AI systems, as support for the business outlook. Why Micron Stock Is Up Today
• Positive Sentiment: Some investors and analysts view the recent selloff as excessive, pointing to Micron’s low forward valuation, customer commitments, and potential for buybacks. A separate analysis argues that U.S. DRAM production could be economically viable with government incentives and customer premiums. Micron: The Story Is Far From Being Over (Rating Upgrade)
• Neutral Sentiment: The stock’s sharp swings reflect a split outlook: robust current memory demand and results are being balanced against uncertainty about how durable AI-related spending will be. Micron Stock Rebounds After Selloff as AI Demand Risks Persist
• Negative Sentiment: Investors remain concerned that proposed restrictions on AI data centers—including permitting, power-use, and environmental rules—could delay projects and curb demand for memory chips. These fears helped drive the prior session’s steep decline. Could Micron Face Slower AI Demand From New Data Center Rules?
• Negative Sentiment: A reported pause in construction of Micron’s planned Taiwan facility, following a labor dispute, adds uncertainty around its manufacturing expansion and future capacity. Micron Plunges Amid Chip Selloff and Taiwan Plant Halt

Analyst Ratings Changes

MU has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a "buy" rating and set a $1,650.00 price target on shares of Micron Technology in a research report on Thursday, October 22nd. KeyCorp restated an "overweight" rating on shares of Micron Technology in a research 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. Morgan Stanley reaffirmed an "overweight" rating and set a $1,200.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $1,500.00 target price on shares of Micron Technology in a report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and an average target price of $1,407.88.

Micron Technology Stock Performance

MU opened at $690.00 on Monday. The business's 50-day moving average price is $961.59 and its two-hundred day moving average price is $754.99. 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 $780.68 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 0.12 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.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating analysts' consensus estimates of $31.77 by $1.65. The company had revenue of $54.23 billion for 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%. The company's quarterly revenue was up 379.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities analysts expect that Micron Technology, Inc. will post 175.19 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Micron Technology 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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