Micron Technology, Inc. $MU Stock Sold by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings reduced its Micron stake by 1.8% in the third quarter, selling 1,195 shares and retaining 66,498 shares valued at approximately $70.8 million. Institutional investors collectively own 80.84% of Micron.
• Micron reported quarterly EPS of $33.42, beating estimates of $31.77, while revenue surged 379.1% year over year to $54.23 billion. Management guided to Q1 2027 EPS of $37.15–$39.15.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and average price target of $1,407.88, although insider selling and potential labor, competition and valuation risks remain concerns.

Crossmark Global Holdings Inc. lessened its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,498 shares of the semiconductor manufacturer's stock after selling 1,195 shares during the quarter. Micron Technology makes up about 0.9% of Crossmark Global Holdings Inc.'s portfolio, making the stock its 17th biggest holding. Crossmark Global Holdings Inc.'s holdings in Micron Technology were worth $70,828,000 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. This represents a 7.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott Deboer sold 28,545 shares of the firm's stock in a transaction on Friday, October 16th. The stock was sold at an average price of $900.00, for a total value of $25,690,500.00. Following the completion of the sale, the insider directly owned 147,430 shares of the company's stock, valued at $132,687,000. This trade represents a 16.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 123,545 shares of company stock valued at $115,750,966. Insiders own 0.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. KeyCorp restated an "overweight" rating on shares of Micron Technology in a research report on Thursday, October 1st. CLSA reiterated an "outperform" rating and issued a $1,700.00 price objective on shares of Micron Technology in a report on Friday, October 2nd. Rosenblatt Securities reiterated a "buy" rating and set a $1,900.00 price objective on shares of Micron Technology in a research note on Tuesday, October 13th. Susquehanna reiterated a "positive" rating on shares of Micron Technology in a research note on Thursday, October 1st. Finally, JPMorgan Chase & Co. increased their target price on Micron Technology from $550.00 to $1,540.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. One investment 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. Based on data from MarketBeat.com, Micron Technology currently has a consensus rating of "Moderate Buy" and an average target price of $1,407.88.

Key Micron Technology News

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

• Positive Sentiment: At its technology presentation, Micron highlighted progress in DRAM, high-bandwidth memory (HBM), NAND and next-generation 3D DRAM. New products planned for 2027 and growing AI-related demand reinforce the company’s position as a key supplier to data-center and high-performance-computing customers. Micron AI-era technology presentation
• Positive Sentiment: ASML said semiconductor and memory demand could exceed supply through at least 2028. That outlook supports the bullish case for continued pricing power, elevated margins and strong demand for Micron’s memory products. ASML demand outlook
• Positive Sentiment: Recent results remain a major catalyst: Micron reported $33.42 in quarterly EPS versus a $31.77 estimate, while revenue rose 379.1% year over year. Management’s next-quarter guidance and analysts’ expectations for continued supply tightness are supporting confidence in further earnings growth.
• Positive Sentiment: Micron reached a labor-management agreement with one Taiwan union, reducing some immediate disruption risk. The company also invested in U.S. indium and critical-materials processing to strengthen supplies for advanced memory manufacturing. Micron Taiwan union agreement
• Neutral Sentiment: Institutional buying and approximately $326.9 million in reported ETF inflows point to continued investor demand, although Micron’s more than 200% year-to-date rally has increased profit-taking risk. Micron ETF buying
• Negative Sentiment: A separate Taiwan union has threatened a strike over bonuses, creating a risk of higher labor costs or production delays. In addition, an insider sold 28,545 shares for about $25.7 million, while investors remain concerned that new capacity, Chinese competitor CXMT and stretched AI valuations could eventually pressure pricing and margins. Micron insider sale

Micron Technology Stock Up 2.0%

Shares of NASDAQ MU opened at $913.67 on Thursday. Micron Technology, Inc. has a 12-month low of $192.40 and a 12-month high of $1,255.00. The stock has a market cap of $1.03 trillion, a PE ratio of 12.31, a P/E/G ratio of 0.16 and a beta of 2.22. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average of $987.36 and a 200 day moving average of $876.61.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating 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 company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the prior year, the firm earned $3.03 EPS. Micron Technology's quarterly revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, sell-side analysts predict that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed 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 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 presently 0.81%.

Micron Technology Profile

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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