Segment Wealth Management LLC Acquires 4,065 Shares of Micron Technology, Inc. $MU

Key Points

• Segment Wealth Management increased its Micron stake by 344.2% in the third quarter, adding 4,065 shares for a total of 5,246 shares valued at approximately $5.6 million. Institutional investors collectively own 80.84% of Micron.
• Micron reported a strong quarter, with EPS of $33.42 beating estimates by $1.65 and revenue rising 379.1% year over year to $54.23 billion. Analysts maintain a broadly bullish view, with a consensus “Moderate Buy” rating and an average price target of $1,407.88.
• Investor sentiment is supported by sustained AI-related memory demand, tight supply and potential robotics growth, although insiders have sold 83,545 shares worth approximately $78.5 million over the past three months.

Segment Wealth Management LLC increased its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 344.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,246 shares of the semiconductor manufacturer's stock after purchasing an additional 4,065 shares during the period. Segment Wealth Management LLC's holdings in Micron Technology were worth $5,588,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MU. Verdence Capital Advisors LLC boosted its holdings in Micron Technology by 1.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 31,840 shares of the semiconductor manufacturer's stock valued at $33,913,000 after acquiring an additional 521 shares during the period. FSA Wealth Partners Inc. grew its position in Micron Technology by 9.5% during the 3rd quarter. FSA Wealth Partners Inc. now owns 427 shares of the semiconductor manufacturer's stock worth $455,000 after acquiring an additional 37 shares during the last quarter. Maxi Investments CY Ltd grew its position in Micron Technology by 75.9% during the 3rd quarter. Maxi Investments CY Ltd now owns 20,231 shares of the semiconductor manufacturer's stock worth $21,548,000 after acquiring an additional 8,731 shares during the last quarter. AGH Wealth Advisors LLC grew its position in Micron Technology by 10.4% during the 3rd quarter. AGH Wealth Advisors LLC now owns 1,543 shares of the semiconductor manufacturer's stock worth $1,643,000 after acquiring an additional 145 shares during the last quarter. Finally, Patton Albertson Miller Group LLC increased its stake in Micron Technology by 19.6% in the 3rd quarter. Patton Albertson Miller Group LLC now owns 6,228 shares of the semiconductor manufacturer's stock worth $6,634,000 after purchasing an additional 1,020 shares during the period. Institutional investors own 80.84% of the company's stock.

Micron Technology Trading Up 2.8%

Micron Technology stock opened at $928.76 on Wednesday. The firm has a market cap of $1.05 trillion, a P/E ratio of 12.52 and a beta of 2.22. Micron Technology, Inc. has a 1-year low of $192.59 and a 1-year high of $1,255.00. The firm has a 50-day moving average of $979.69 and a 200-day moving average of $735.60.

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, beating analysts' consensus estimates of $31.77 by $1.65. The business had revenue of $54.23 billion for the quarter, compared to analysts' expectations of $51.33 billion. During the same quarter in the prior year, the firm earned $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. Research analysts forecast that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Trending Headlines about Micron Technology

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

• Positive Sentiment: Elon Musk predicted that humanoid robots could require enormous amounts of memory, prompting analysts to frame robotics as a potentially significant long-term volume opportunity for Micron and SK hynix. Separate forecasts suggest humanoid robots could use substantially more memory by 2030. Elon Musk Says Robots Will Need More Memory
• Positive Sentiment: Bank of America reiterated its buy rating and became more constructive on memory following meetings with industry executives. The firm believes customers are increasingly securing supply through long-term agreements, supporting pricing and visibility for Micron. Bank of America Reiterates Buy on Micron
• Positive Sentiment: Micron’s recent earnings beat and record results continue to support the bullish case. Strong AI-related high-bandwidth-memory demand, tight supply, and favorable earnings expectations have led some analysts to argue that the stock remains inexpensive relative to its growth potential. Can Micron Survive a 40% Drop in Memory Prices?
• Positive Sentiment: Micron’s new employee bonus plan may help align compensation with company performance and support retention as the business expands its AI-memory capacity. Micron Unveils a New Bonus Plan

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. CLSA reiterated an "outperform" rating and issued a $1,700.00 price objective on shares of Micron Technology in a research report on Friday, October 2nd. KeyCorp reissued an "overweight" rating on shares of Micron Technology in a research note on Thursday, October 1st. President Capital raised their target price on shares of Micron Technology to $1,500.00 and gave the stock a "buy" rating in a report on Friday, July 17th. Morgan Stanley reaffirmed an "overweight" rating and issued a $1,200.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Arete Research lifted their target price on shares of Micron Technology from $852.00 to $1,500.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and an average price target of $1,407.88.

Insider Transactions at Micron Technology

In related news, insider Scott Deboer sold 28,545 shares of the company's stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the completion of the transaction, the insider owned 147,430 shares in the company, valued at $132,687,000. This represents a 16.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president owned 191,021 shares of the company's stock, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 83,545 shares of company stock worth $78,460,850. 0.24% of the stock is currently owned by insiders.

About Micron Technology

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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