Micron Technology, Inc. $MU Stock Position Increased by Quintet Private Bank Europe S.A.

Key Points

• Quintet Private Bank Europe increased its Micron stake by 519.1% in the third quarter to 30,924 shares valued at approximately $32.9 million. Institutional investors collectively own 80.84% of the company.
• Micron exceeded quarterly expectations with $33.42 in EPS and $54.23 billion in revenue, while revenue surged 379.1% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,407.88.
• Shares recently traded at $1,041.30, below the 52-week high of $1,255.00. Insiders sold roughly $90.9 million of stock over the past 90 days, and a potential labor strike at Micron’s Taiwan facility poses an operational risk.

Quintet Private Bank Europe S.A. increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 519.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,924 shares of the semiconductor manufacturer's stock after acquiring an additional 25,929 shares during the period. Micron Technology makes up about 1.5% of Quintet Private Bank Europe S.A.'s portfolio, making the stock its 19th largest holding. Quintet Private Bank Europe S.A.'s holdings in Micron Technology were worth $32,937,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd increased its stake in shares of Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA acquired a new position in Micron Technology during the second quarter worth $22,182,263,000. Bank of America Corp DE grew its holdings in shares of Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer's stock valued at $11,744,621,000 after purchasing an additional 2,136,470 shares during the period. Legal & General Group Plc purchased a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $8,402,393,000. Finally, Wellington Management Group LLP increased its stake in Micron Technology by 28.7% during the second quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer's stock worth $5,823,556,000 after acquiring an additional 1,125,414 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MU shares. Rosenblatt Securities boosted their price target on shares of Micron Technology from $1,500.00 to $1,900.00 and gave the company a "buy" rating in a research note on Thursday, October 1st. DA Davidson raised their price target on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the company a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Micron Technology from $550.00 to $1,540.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Daiwa Securities Group lifted their price target on Micron Technology from $1,600.00 to $1,700.00 and gave the stock a "buy" rating in a report on Friday, July 17th. Finally, Wells Fargo & Company reduced 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. One research 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, the company has a consensus rating of "Moderate Buy" and an average target price of $1,407.88.

Insider Transactions at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the transaction, the executive vice president directly 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, CAO Scott Allen sold 879 shares of the business's stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer directly owned 34,958 shares of the company's stock, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 95,879 shares of company stock valued at $90,939,466 in the last ninety days. Corporate insiders own 0.24% of the company's stock.

Micron Technology Price Performance

Micron Technology stock traded down $46.70 during midday trading on Thursday, reaching $1,041.30. The company's stock had a trading volume of 12,208,026 shares, compared to its average volume of 41,446,934. The firm has a market capitalization of $1.18 trillion, a PE ratio of 14.12, a P/E/G ratio of 0.18 and a beta of 2.22. Micron Technology, Inc. has a fifty-two week low of $179.61 and a fifty-two week high of $1,255.00. The stock's 50 day simple moving average is $972.71 and its 200 day simple moving average is $836.22. 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 (NASDAQ:MU - Get Free Report) last issued its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) 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 analysts' expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm's quarterly revenue was up 379.1% compared to the same quarter last year. During the same period last year, the company posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities research analysts forecast that Micron Technology, Inc. will post 175.82 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology's dividend payout ratio (DPR) is 0.81%.

Micron Technology News Roundup

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

• Positive Sentiment: Micron’s DRAM revenue reached a record $39.8 billion in fiscal Q4 2026, representing 73% of total revenue. The result highlights Micron’s position as a major beneficiary of AI infrastructure spending. Micron's DRAM Sales Reach $40B: Can AI Demand Drive Growth?
• Positive Sentiment: More than 75% of Micron’s fiscal 2027 output is reportedly committed, while customers are already discussing 2028 allocations. This improves demand visibility and supports the view that AI-related memory shortages could persist longer than expected. Micron: This Memory Cycle Could End Differently
• Positive Sentiment: D.A. Davidson raised its Micron price target to a Street-high $3,000 from $2,100 and maintained a Buy rating, citing AI demand that could keep memory supply constrained through 2028. Zacks also upgraded MU to Strong Buy. Why Is Micron Stock Rising?
• Positive Sentiment: Micron’s data-center SSD business is helping diversify growth: NAND revenue surged, and data-center SSDs now account for more than 70% of NAND sales. Analysts argue this mix may make earnings less cyclical. Micron: NAND Is Not One Market Anymore
• Neutral Sentiment: Micron will pay Netlist $600 million over five years to settle patent litigation and obtain a license. The agreement removes legal uncertainty but creates a material ongoing cost. Micron Technology, Netlist Settle Patent Dispute
• Neutral Sentiment: Micron is scheduled to pay its final 2026 dividend later this month, providing modest shareholder income but likely having limited influence on the stock’s daily trading.
• Negative Sentiment: A union at Micron’s Taoyuan facility in Taiwan, a key manufacturing hub, voted overwhelmingly to authorize a strike over bonuses. No walkout has been announced, but a failed mediation could threaten production and raise costs. Micron's Taoyuan Union Secures Authorization to Strike
• Negative Sentiment: Samsung’s forecast for record quarterly profit has prompted mixed trading: it confirms strong memory demand but also raises concerns about increasing competition, lofty sector expectations and eventual supply normalization. Investors are also watching whether Micron’s margins have peaked.

About Micron Technology

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.