Micron Technology, Inc. $MU Stock: Ninety One UK Ltd Increases Stake

Key Points

• Ninety One UK Ltd. increased its Micron stake by 15,818.9% in the third quarter, ending with 68,133 shares valued at approximately $72.6 million. Institutional investors collectively own 80.84% of MU.
• Micron reported quarterly EPS of $33.42 and revenue of $54.23 billion, beating estimates, while AI-driven demand for DRAM and HBM memory continues to support strong growth and expanding margins. Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and an average price target of $1,407.88.
• Key risks include potential Chinese competition from CXMT, a future memory oversupply and broader semiconductor volatility. Micron insiders also sold roughly $90.9 million of stock over the past three months, including sales by the CEO and an executive vice president.

Ninety One UK Ltd increased its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 15,818.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,133 shares of the semiconductor manufacturer's stock after acquiring an additional 67,705 shares during the quarter. Ninety One UK Ltd's holdings in Micron Technology were worth $72,569,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in MU. Denali Advisors LLC purchased a new position in shares of Micron Technology during the 2nd quarter worth approximately $7,364,000. Castleark Management LLC bought a new position in shares of Micron Technology in the 1st quarter worth approximately $3,709,000. Oppenheimer & Co. Inc. raised its position in shares of Micron Technology by 16.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer's stock worth $56,006,000 after acquiring an additional 6,702 shares in the last quarter. Legacy Wealth Management LLC MS lifted its stake in shares of 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 purchasing an additional 1,499 shares during the period. Finally, Franklin Street Advisors Inc. NC lifted its stake in shares of Micron Technology by 2,461.4% in the 2nd quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer's stock valued at $42,871,000 after purchasing an additional 35,691 shares during the period. Institutional investors own 80.84% of the company's stock.

Key Micron Technology News

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

• Positive Sentiment: Micron’s fundamental outlook remains strong. Fiscal 2026 revenue reportedly rose 256% to $133.2 billion, while tight DRAM and HBM supply is supporting significant margin expansion. The company is also accelerating construction of new fabs in Idaho and New York to increase capacity. Prediction: This Is What $2,000 Invested in Micron Stock Today Could Be Worth by 2029
• Positive Sentiment: Micron has signed 26 strategic customer agreements with pricing frameworks, helping reduce the traditional memory cycle risk. Its diversified customer base also means no single customer represented at least 10% of fiscal 2026 revenue. Micron's Customer Contracts Just Took the Memory Cycle Off the Table
• Positive Sentiment: Analysts and commentators continue to identify MU as a buy-the-dip opportunity, citing AI-driven revenue growth, expanding margins and a lower valuation than some peers. Erste Group also raised its FY2027 earnings estimate, while Rosenblatt reaffirmed a Buy rating.
• Positive Sentiment: Elon Musk praised Micron’s approach to future memory pricing, and strong demand for AI infrastructure is expected to support high-value HBM shipments. ASML’s reported order backlog through 2030 also reinforces the long-term equipment and HBM demand outlook. ASML Just Delivered Excellent News for Micron Stock Investors
• Neutral Sentiment: Micron’s market capitalization is trailing several large companies, including Eli Lilly and Berkshire Hathaway, highlighting both the stock’s substantial rally and the possibility that investors are reassessing its valuation after recent volatility.
• Negative Sentiment: The principal overhang is China’s ChangXin Memory Technologies (CXMT), which is advancing in DDR5, LPDDR5X and server-memory products. Investors fear that Chinese competition could pressure prices and margins, although analysts note CXMT currently appears more competitive in lower-end memory than in Micron’s premium HBM products.
• Negative Sentiment: A broader AI and semiconductor sell-off, concerns about a possible memory oversupply by 2029, higher inflation and potential interest-rate increases have contributed to recent selling. Cathie Wood’s warning that memory-chip cycles remain “vicious” underscores the risk that today’s exceptional profits may not persist.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. BNP Paribas Exane lifted their price target on Micron Technology from $615.00 to $1,700.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. Wells Fargo & Company lowered their price objective on 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. Daiwa Securities Group boosted their target price on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the company a "buy" rating in a report on Friday, July 17th. Mizuho upped their target price on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a research report on Thursday, October 1st. Finally, UBS Group reaffirmed a "buy" rating and issued a $1,625.00 target price (up from $535.00) on shares of Micron Technology in a research report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Micron Technology has an average rating of "Moderate Buy" and an average price target of $1,407.88.

Insider Activity

In related news, EVP Sumit Sadana sold 15,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president owned 191,021 shares in the company, 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 SEC, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 95,879 shares of company stock worth $90,939,466 over the last three months. 0.24% of the stock is currently owned by corporate insiders.

Micron Technology Stock Performance

Micron Technology stock opened at $931.24 on Friday. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.05 trillion, a P/E ratio of 12.55, a PEG ratio of 0.16 and a beta of 2.22. The stock's 50 day moving average is $985.86 and its 200 day moving average is $861.12. Micron Technology, Inc. has a twelve month low of $192.40 and a twelve month high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $54.23 billion during 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 firm's revenue for the quarter was up 379.1% on a year-over-year basis. During the same quarter last year, the company earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities research analysts predict that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be issued a dividend of $0.15 per share. The ex-dividend date is 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 presently 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.

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