Micron Technology, Inc. $MU Stock Bought by Legacy Private Trust Co.

Key Points

• Legacy Private Trust Co. increased its Micron stake by 295.4% during the third quarter, bringing its holdings to 1,878 shares valued at approximately $2 million. Institutional investors and hedge funds collectively own 80.84% of Micron’s stock.
• Wall Street remains broadly bullish, with 41 analysts rating Micron a Buy and five issuing Hold ratings. The stock has a consensus “Moderate Buy” rating and an average price target of $1,385.93.
• Micron reported quarterly earnings of $33.42 per share on $54.23 billion in revenue, exceeding analyst expectations, while issuing strong fiscal first-quarter 2027 guidance. However, executives have sold shares recently, and concerns remain about slowing memory-price growth and potential margin pressure.

Legacy Private Trust Co. grew its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 295.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,878 shares of the semiconductor manufacturer's stock after buying an additional 1,403 shares during the quarter. Legacy Private Trust Co.'s holdings in Micron Technology were worth $2,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new stake in Micron Technology in the first quarter worth approximately $27,000. Bullseye Investment Management LLC bought a new position in shares of Micron Technology during the 2nd quarter valued at $27,000. Bayban acquired a new stake in shares of Micron Technology in the 4th quarter valued at $29,000. Financial Life Planners acquired a new stake in shares of Micron Technology in the 1st quarter valued at $36,000. Finally, Portus Wealth Advisors LLC bought a new stake in Micron Technology in the first quarter worth $37,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MU shares. Raymond James Financial reissued an "outperform" rating on shares of Micron Technology in a research report on Thursday, October 1st. Wedbush reiterated an "outperform" rating and set a $1,400.00 price target on shares of Micron Technology in a research note on Monday, September 28th. The Goldman Sachs Group set a $1,250.00 price objective on Micron Technology in a research note on Thursday, October 1st. Bank of America boosted their target price on Micron Technology from $950.00 to $1,500.00 and gave the stock a "buy" rating in a report on Tuesday, June 23rd. Finally, New Street Research raised Micron Technology from a "neutral" rating to a "buy" rating and upped their target price for the stock from $470.00 to $1,250.00 in a research report on Friday, August 14th. Forty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Micron Technology presently has an average rating of "Moderate Buy" and a consensus target price of $1,385.93.

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sumit Sadana sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the transaction, the executive vice president directly owned 191,021 shares of the company's stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,879 shares of company stock worth $90,939,466 over the last three months. Company insiders own 0.24% of the company's stock.

Micron Technology News Summary

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

• Positive Sentiment: Micron’s fiscal fourth-quarter results substantially exceeded expectations, with revenue of $54.23 billion, EPS of $33.42 and gross margins near 87%. Management also provided strong first-quarter fiscal 2027 guidance, reinforcing the AI-related demand outlook. What’s Going on With Micron Stock?
• Positive Sentiment: Several analysts remain bullish because data-center AI demand, strategic customer agreements and constrained memory supply could support pricing and revenue growth through fiscal 2027–2028. Susquehanna reportedly sees substantial upside, while other analysts characterize MU as inexpensive relative to its growth prospects. Micron Stock Could Nearly Double From Here
• Positive Sentiment: Micron could begin returning more of its unusually large cash generation to shareholders through stock repurchases after CHIPS Act restrictions expire on December 9, creating a potential future catalyst. Why Investors Should Be Watching This Date for Micron
• Neutral Sentiment: Micron and Netlist entered patent-license and settlement agreements reportedly valued at $600 million. The deal may reduce legal uncertainty, although investors may focus on the size and timing of any cash payment. Netlist and Micron Enter Patent License and Settlement Agreements
• Negative Sentiment: Bearish commentary highlights a sharp sequential slowdown in DRAM average selling-price growth—from 62% to 19%—along with expectations for lower gross margins, more moderate price increases and higher fiscal 2027 capital spending. These concerns raise the risk that peak-cycle earnings are already being priced in. Micron: Wishful Thinking at Its Finest
• Negative Sentiment: Investors remain concerned that additional memory-chip production could eventually weaken pricing, while Micron is also accusing a Chinese rival of misappropriating engineers and technology—an issue that could create legal and competitive risks. Micron Says a Chinese Rival Poached Its Engineers

Micron Technology Stock Performance

MU stock traded down $1.72 on Tuesday, reaching $1,062.24. 11,224,558 shares of the company were exchanged, compared to its average volume of 41,602,344. The firm has a market capitalization of $1.20 trillion, a PE ratio of 14.32, a PEG ratio of 0.20 and a beta of 2.22. Micron Technology, Inc. has a 12 month low of $179.61 and a 12 month high of $1,255.00. The stock's fifty day moving average price is $961.23 and its 200 day moving average price is $827.58. 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 earnings per share for the quarter, beating analysts' consensus estimates of $31.77 by $1.65. The firm had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business's revenue was up 379.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, research analysts anticipate that Micron Technology, Inc. will post 165.51 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced 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 0.81%.

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.

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.