Micron Technology, Inc. $MU Stock Sold by Funde Sino Life Insurance Co Ltd

Key Points

• Funde Sino Life Insurance cut its Micron stake by 70.2% in the third quarter, selling 149,515 shares; it retained 63,428 shares, still its second-largest portfolio holding.
• Micron reported quarterly EPS of $33.42, beating estimates, while revenue rose 379.1% year over year to $54.23 billion. The company also issued first-quarter 2027 EPS guidance of $37.15–$39.15.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $1,407.88; the article also notes the stock rose 5.1% on Friday.

Funde Sino Life Insurance Co Ltd trimmed its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 70.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,428 shares of the semiconductor manufacturer's stock after selling 149,515 shares during the period. Micron Technology makes up approximately 36.4% of Funde Sino Life Insurance Co Ltd's portfolio, making the stock its 2nd biggest holding. Funde Sino Life Insurance Co Ltd's holdings in Micron Technology were worth $67,558,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MU. Andar Capital Management HK Ltd lifted its holdings in shares of Micron Technology by 856,960.3% in the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock worth $39,571,847,000 after acquiring an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA bought a new position in shares of Micron Technology during the 2nd quarter valued at $22,182,263,000. Bank of America Corp DE grew its holdings in shares of Micron Technology by 26.6% during the 2nd 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 last quarter. Legal & General Group Plc purchased a new position in Micron Technology in the 2nd quarter worth $8,402,393,000. Finally, Dimensional Fund Advisors LP raised its position in Micron Technology by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,967,065 shares of the semiconductor manufacturer's stock worth $2,352,282,000 after purchasing an additional 86,488 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Up 5.1%

Shares of NASDAQ:MU traded up $33.61 on Friday, hitting $690.00. 44,738,293 shares of the company traded hands, compared to its average volume of 26,678,026. The stock has a 50 day simple moving average of $961.59 and a 200-day simple moving average of $754.99. 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 cap of $780.68 billion, a PE ratio of 9.30, a PEG ratio of 0.14 and a beta of 2.36. Micron Technology, Inc. has a 52 week low of $192.59 and a 52 week 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 the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same period last year, the business posted $3.03 EPS. The company's revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, research analysts expect that Micron Technology, Inc. will post 175.19 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Insider Buying and Selling at Micron Technology

In other Micron Technology 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 transaction of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares of the company's stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott J. Deboer sold 28,545 shares of the 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 owned 147,430 shares of the company's stock, valued at $132,687,000. The trade was 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. Insiders own 0.24% of the company's stock.

Micron Technology News Summary

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

• Positive Sentiment: Micron’s latest quarter showed sharply higher sales, and its next-quarter revenue guidance reportedly exceeded Wall Street expectations. Analysts cited continued memory demand, especially for AI systems, as support for the business outlook. Why Micron Stock Is Up Today
• Positive Sentiment: Some investors and analysts view the recent selloff as excessive, pointing to Micron’s low forward valuation, customer commitments, and potential for buybacks. A separate analysis argues that U.S. DRAM production could be economically viable with government incentives and customer premiums. Micron: The Story Is Far From Being Over (Rating Upgrade)
• Neutral Sentiment: The stock’s sharp swings reflect a split outlook: robust current memory demand and results are being balanced against uncertainty about how durable AI-related spending will be. Micron Stock Rebounds After Selloff as AI Demand Risks Persist
• Negative Sentiment: Investors remain concerned that proposed restrictions on AI data centers—including permitting, power-use, and environmental rules—could delay projects and curb demand for memory chips. These fears helped drive the prior session’s steep decline. Could Micron Face Slower AI Demand From New Data Center Rules?
• Negative Sentiment: A reported pause in construction of Micron’s planned Taiwan facility, following a labor dispute, adds uncertainty around its manufacturing expansion and future capacity. Micron Plunges Amid Chip Selloff and Taiwan Plant Halt

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MU shares. Weiss Ratings cut shares of Micron Technology from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, October 27th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Micron Technology in a report on Thursday, October 1st. Daiwa Securities Group increased their price target on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the company a "buy" rating in a research report on Friday, July 17th. KeyCorp reissued an "overweight" rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, Wedbush reaffirmed an "outperform" rating and set a $1,400.00 price objective on shares of Micron Technology in a research note on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Micron Technology currently has an average rating of "Moderate Buy" and a consensus price target of $1,407.88.

Micron Technology Company Profile

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices.

Micron's products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into a global technology company with operations and customers across multiple regions.

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