Park National Corp OH Purchases 19,678 Shares of Micron Technology, Inc. $MU

Key Points

• Park National Corp OH increased its Micron stake by 667.7% in the third quarter, purchasing 19,678 additional shares and bringing its holdings to 22,625 shares valued at approximately $24.1 million. Institutional investors and hedge funds collectively own 80.84% of Micron.
• Micron reported quarterly EPS of $33.42, exceeding the $31.77 consensus estimate, while revenue reached $54.23 billion, up 379.1% year over year. The company also issued fiscal first-quarter 2027 EPS guidance of $37.15–$39.15.
• Wall Street remains broadly bullish, with 41 analysts rating Micron a Buy and five assigning a Hold rating; the consensus target price is $1,385.93. However, the stock’s cyclicality, elevated beta and concerns that memory prices may peak create potential downside risks.

Park National Corp OH grew its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 667.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,625 shares of the semiconductor manufacturer's stock after purchasing an additional 19,678 shares during the quarter. Park National Corp OH's holdings in Micron Technology were worth $24,098,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Baker Tilly Wealth Management LLC lifted its holdings in Micron Technology by 30.2% in the third quarter. Baker Tilly Wealth Management LLC now owns 1,518 shares of the semiconductor manufacturer's stock valued at $1,617,000 after buying an additional 352 shares during the period. Ferguson Wellman Capital Management Inc. grew its stake in Micron Technology by 3.8% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 100,197 shares of the semiconductor manufacturer's stock worth $106,721,000 after purchasing an additional 3,625 shares during the period. CapWealth Advisors LLC increased its holdings in Micron Technology by 1.9% in the third quarter. CapWealth Advisors LLC now owns 1,065 shares of the semiconductor manufacturer's stock worth $1,134,000 after purchasing an additional 20 shares in the last quarter. Adelphi Trust Co lifted its stake in Micron Technology by 31.4% in the third quarter. Adelphi Trust Co now owns 578 shares of the semiconductor manufacturer's stock valued at $616,000 after buying an additional 138 shares during the period. Finally, Eastern Bank boosted its holdings in shares of Micron Technology by 101.1% during the 3rd quarter. Eastern Bank now owns 39,857 shares of the semiconductor manufacturer's stock worth $42,452,000 after buying an additional 20,039 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Stock Down 0.8%

MU traded down $9.04 during midday trading on Monday, reaching $1,065.85. 9,939,558 shares of the company were exchanged, compared to its average volume of 41,717,109. The company has a market cap of $1.20 trillion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 0.20 and a beta of 2.22. Micron Technology, Inc. has a one year low of $179.61 and a one year high of $1,255.00. The company's fifty day moving average price is $957.97 and its 200 day moving average price is $823.35. 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 announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $31.77 by $1.65. The business had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%.Micron Technology's revenue was up 379.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, analysts expect that Micron Technology, Inc. will post 165.51 EPS for the current year.

Micron Technology Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MU. ThinkEquity reiterated a "buy" rating on shares of Micron Technology in a research report on Monday, August 3rd. CLSA reiterated an "outperform" rating and set a $1,700.00 price objective on shares of Micron Technology in a report on Friday. UBS Group restated a "buy" rating and issued a $1,625.00 target price (up from $535.00) on shares of Micron Technology in a research note on Wednesday, September 23rd. JPMorgan Chase & Co. boosted their target price on Micron Technology from $550.00 to $1,540.00 and gave the company an "overweight" rating in a research report on Thursday, June 25th. Finally, DA Davidson upped their price target on Micron Technology from $2,000.00 to $2,100.00 and gave the stock a "buy" rating in a research note on Thursday. Forty-one research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,385.93.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron reported fiscal fourth-quarter revenue of approximately $54.23 billion, up about 379% year over year, with earnings of $33.42 per share above consensus. Management also issued stronger fiscal first-quarter 2027 guidance, reinforcing expectations for continued AI-related memory demand. Get Paid to Wait on Micron's Next Move
• Positive Sentiment: Industry supply shortages and demand for high-bandwidth memory used in AI data centers could support elevated prices and margins through fiscal 2027 and 2028. Strategic customer agreements reportedly cover more than 35% of revenue through 2030, potentially reducing the impact of the traditional memory cycle. Micron: The Trade Of The Decade Has Arrived
• Positive Sentiment: Micron’s strong cash generation could support substantial shareholder returns. Reports highlight potential stock buybacks, customer deposits and government incentives that may help finance capacity expansion while limiting the burden on shareholders. Micron's historic cash bonanza is set to rain down on investors
• Neutral Sentiment: Although the earnings and long-term outlook remain bullish, the stock’s modest response suggests investors expected the beat and higher guidance. Valuation appears inexpensive on forward earnings, but that discount may reflect expectations for sharply slower growth in fiscal 2028. Investors Had a Tepid Reaction to Micron's Latest Earnings Report
• Negative Sentiment: Bearish investors fear memory prices may be near a peak, with additional DRAM and HBM capacity eventually pressuring average selling prices and margins. Micron’s high beta and historical cyclicality make the shares vulnerable to a pullback if AI spending or semiconductor sentiment weakens. Micron Stock Falls Amid Fears of Memory-Price Peak
• Negative Sentiment: Short volume recently reached a two-week high, indicating increasing skepticism and the possibility of continued volatility. Separately, prominent investor Michael Burry’s bearish view on the AI bubble adds to concerns about a future decline in AI-linked semiconductor stocks. Short squeeze alert for Micron stock amid spike in short volume

Insider Transactions at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was 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 directly owned 264,503 shares of the company's stock, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Scott Allen sold 879 shares of Micron Technology 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 sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 95,879 shares of company stock worth $90,939,466 in the last 90 days. Insiders own 0.24% of the company's stock.

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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