Micron Technology, Inc. $MU Stock Purchased by Perpetual Ltd

Key Points

• Perpetual Ltd increased its Micron position by 408.7% in the third quarter, purchasing 34,141 additional shares for a total holding of 42,495 shares valued at $45.3 million. Institutional investors and hedge funds collectively own 80.84% of MU.
• Micron executives sold shares recently: CEO Sanjay Mehrotra sold 40,000 shares for $38.8 million, while EVP Sumit Sadana sold 15,000 shares for $14.0 million. Insiders have sold approximately $90.9 million worth of stock over the past 90 days.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $1,407.88. Micron also exceeded quarterly expectations with $54.23 billion in revenue and $33.42 in EPS, driven by strong memory demand and a 379.1% year-over-year revenue increase.

Perpetual Ltd increased its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 408.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,495 shares of the semiconductor manufacturer's stock after purchasing an additional 34,141 shares during the quarter. Perpetual Ltd's holdings in Micron Technology were worth $45,262,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bullseye Investment Management LLC acquired a new position in shares of Micron Technology in the 2nd quarter valued at $27,000. Aventus Investment Advisors Inc. bought a new position in shares of Micron Technology during the 3rd quarter worth about $30,000. Steph & Co. acquired a new stake in shares of Micron Technology during the 3rd quarter valued at about $31,000. Montgomery Financial Services LLC acquired a new stake in shares of Micron Technology during the 2nd quarter valued at about $38,000. Finally, JNBA Financial Advisors boosted its position in shares of Micron Technology by 77.3% during the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer's stock valued at $45,000 after acquiring an additional 17 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Insiders Place Their Bets

In other news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology 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 in the company, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction 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 owned 191,021 shares of the company's stock, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MU has been the topic of a number of analyst reports. The Goldman Sachs Group set a $1,250.00 target price on shares of Micron Technology 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 stock a "buy" rating in a research note on Wednesday, October 7th. Arete Research lifted their price objective on Micron Technology from $852.00 to $1,500.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. Daiwa Securities Group lifted their price objective on Micron Technology from $1,600.00 to $1,700.00 and gave the company a "buy" rating in a report on Friday, July 17th. Finally, President Capital upped their price objective on Micron Technology to $1,500.00 and gave the company a "buy" rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,407.88.

Micron Technology Stock Down 3.9%

Shares of NASDAQ:MU opened at $989.04 on Tuesday. The company's fifty day moving average is $983.23 and its 200-day moving average is $849.12. 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, Inc. has a 52 week low of $186.25 and a 52 week high of $1,255.00. The company has a market capitalization of $1.12 trillion, a PE ratio of 13.33, a P/E/G ratio of 0.18 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business had revenue of $54.23 billion during the quarter, compared to analysts' expectations of $51.33 billion. During the same quarter last year, the company posted $3.03 EPS. The firm's revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities research analysts predict that Micron Technology, Inc. will post 175.82 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. Shareholders of record on Wednesday, October 14th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. Micron Technology's dividend payout ratio is currently 0.81%.

More Micron Technology News

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

• Positive Sentiment: Micron increased its share-repurchase authorization to a record $35.16 billion, with buybacks expected to begin shortly. The plan signals management’s confidence in cash generation and could support earnings per share. Why Is Micron Stock Rising Today?
• Positive Sentiment: Micron’s latest results substantially exceeded expectations, with $54.23 billion in revenue and $33.42 in adjusted EPS, while revenue surged 379% year over year. Analysts remain optimistic about AI-related memory demand, tight DRAM supply and long-term customer agreements. One bullish analyst raised a price target to $3,000, while several research firms continue to rate MU favorably. Micron: More For Longer
• Neutral Sentiment: Despite the recent pullback, valuation screens continue to identify Micron as an attractive value and growth stock, with a low forward earnings multiple and strong earnings momentum. However, investor sentiment remains cautious after the stock’s substantial year-to-date advance. Micron Is a Top-Ranked Value Stock
• Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design aimed at server memory. The development has renewed concerns that Chinese competition could eventually pressure Micron’s pricing power, margins and market share. Micron Stock Falls on Competition From China Rival CXMT
• Negative Sentiment: Elon Musk’s warning regarding Chinese memory chips added to the market’s concerns, while a broader selloff in semiconductor shares and weakness in South Korean technology stocks amplified pressure on MU. Micron Stock Falls Again as Musk Issues Warning on Chinese Memory
• Negative Sentiment: Investors are also questioning whether AI infrastructure spending can remain strong after Australian data-center company Firmus canceled its IPO because of weak demand. Any slowdown in AI investment could reduce future demand for Micron’s high-value memory products. Nvidia and Micron Received Bad News From an Unlikely Place

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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