Micron Technology, Inc. $MU Stock Holdings Lowered by AMF Tjanstepension AB

AMF Tjanstepension AB trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 251,574 shares of the semiconductor manufacturer's stock after selling 1,726 shares during the quarter. Micron Technology comprises about 1.6% of AMF Tjanstepension AB's holdings, making the stock its 18th biggest holding. AMF Tjanstepension AB's holdings in Micron Technology were worth $267,954,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. M.E. Allison & CO. Inc. raised its position in Micron Technology by 0.8% in the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer's stock worth $1,528,000 after acquiring an additional 11 shares during the period. Purus Wealth Management LLC increased its holdings in Micron Technology by 1.4% in the 3rd quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer's stock worth $867,000 after acquiring an additional 11 shares in the last quarter. Ables Iannone Moore & Associates Inc. raised its stake in Micron Technology by 5.3% during the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer's stock worth $252,000 after acquiring an additional 12 shares during the period. Koesten Hirschmann & Crabtree INC. raised its holdings in Micron Technology by 5.6% during the third quarter. Koesten Hirschmann & Crabtree INC. now owns 228 shares of the semiconductor manufacturer's stock valued at $243,000 after acquiring an additional 12 shares during the period. Finally, Physician Wealth Advisors Inc. grew its holdings in Micron Technology by 1.6% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 762 shares of the semiconductor manufacturer's stock valued at $812,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Activity

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 264,503 shares of the company's stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott J. Deboer sold 28,545 shares of Micron Technology stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the completion of the transaction, the insider owned 147,430 shares of the company's stock, valued at $132,687,000. This trade represents a 16.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 83,545 shares of company stock valued at $78,460,850. 0.24% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Improved industry sentiment: A broad rebound in semiconductor stocks lifted Micron, SK Hynix and SanDisk as investors returned to AI and memory names following a sharp pullback. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Favorable supply dynamics: SK Hynix’s decision to abandon a planned U.S. IPO for its Solidigm flash-memory unit could reduce concerns about additional NAND supply entering the market, potentially benefiting Micron and SanDisk. Micron, Sandisk gain as SK Hynix scraps Solidigm IPO
• Positive Sentiment: Analyst and growth support: Erste Group raised its FY2028 EPS forecast to $201.26 from $199.05 and maintained a Buy rating. Analysts continue to point to Micron’s AI-driven HBM demand, improving margins and relatively low valuation as reasons for optimism. Micron earnings estimate update
• Neutral Sentiment: Strategic investment: Micron’s planned investment in U.S. critical-mineral processing supports its domestic supply-chain strategy, although the near-term financial impact is unclear. Micron critical-minerals investment
• Negative Sentiment: Technology execution risk: Micron’s next-generation memory architecture could improve data movement for AI processors, but placing more memory closer to computing units creates difficult cooling and heat-management challenges. Micron’s Next AI Memory Breakthrough Has a Cooling Problem
• Negative Sentiment: Insider selling and volatility: Recent filings show extensive insider selling with no reported open-market purchases, while technical commentary warns that the recovery remains fragile amid ongoing concerns about AI spending, interest rates and valuation.

Micron Technology Price Performance

Micron Technology stock opened at $877.55 on Friday. The company's fifty day moving average price is $983.61 and its 200 day moving average price is $880.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The stock has a market capitalization of $992.88 billion, a P/E ratio of 11.45, a P/E/G ratio of 0.15 and a beta of 2.22. 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 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 business had revenue of $54.23 billion during the quarter, compared to analysts' expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company's quarterly revenue was up 379.1% compared to the same quarter last year. During the same period 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. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology's payout ratio is presently 0.81%.

Analysts Set New Price Targets

MU has been the topic of several research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,650.00 target price on shares of Micron Technology in a report on Thursday. Robert W. Baird lifted their price objective on Micron Technology from $1,280.00 to $1,520.00 and gave the stock an "outperform" rating in a research note on Monday, September 28th. Morgan Stanley reaffirmed an "overweight" rating and set a $1,200.00 price objective on shares of Micron Technology in a report on Thursday, October 1st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $2,000.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Micron Technology in a research note on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,407.88.

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.

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