Zevenbergen Capital Investments LLC lowered its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 16.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 144,500 shares of the semiconductor manufacturer’s stock after selling 29,465 shares during the quarter. Micron Technology comprises 3.6% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 8th biggest holding. Zevenbergen Capital Investments LLC’s holdings in Micron Technology were worth $153,908,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Andar Capital Management HK Ltd boosted its holdings in shares of Micron Technology by 856,960.3% during 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 buying an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA bought a new stake in shares of Micron Technology in the 2nd quarter valued at $22,182,263,000. Bank of America Corp DE increased its stake in shares of Micron Technology by 26.6% in 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 acquiring an additional 2,136,470 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Micron Technology during the 2nd quarter valued at $8,402,393,000. Finally, Wellington Management Group LLP lifted its position in shares of Micron Technology by 28.7% during the 2nd quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock valued at $5,823,556,000 after acquiring an additional 1,125,414 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.
Micron Technology Stock Down 4.8%
Shares of NASDAQ MU traded down $52.16 during mid-day trading on Thursday, reaching $1,035.84. 29,761,444 shares of the company’s stock traded hands, compared to its average volume of 41,539,305. The stock has a market cap of $1.17 trillion, a P/E ratio of 13.96, a PEG ratio of 0.18 and a beta of 2.22. The business has a 50-day simple moving average of $975.93 and a 200 day simple moving average of $840.54. Micron Technology, Inc. has a 1-year low of $179.61 and a 1-year high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94.
Micron Technology Dividend Announcement
The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is 0.81%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the stock. ThinkEquity restated a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. Seaport Research Partners reiterated a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $2,000.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Zacks Research raised Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One research 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, Micron Technology has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.
Get Our Latest Stock Analysis on MU
Micron Technology News Summary
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: AI memory demand remains the primary bullish catalyst. Analysts expect the semiconductor rally to continue into year-end, with Micron among the likely leaders. More than 75% of Micron’s fiscal 2027 output is reportedly committed, while customers are already discussing 2028 allocations—evidence of strong visibility and constrained supply. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
- Positive Sentiment: Fundamentals and estimates remain exceptionally strong. Micron reported fiscal fourth-quarter revenue of $54.23 billion and adjusted EPS of $33.42, while guiding to fiscal first-quarter 2027 EPS of $37.15-$39.15. Fiscal 2026 DRAM revenue reached approximately $39.8 billion, representing 73% of total revenue, and NAND growth is increasingly supported by data-center SSD demand. Micron’s DRAM Sales Reach $40B
- Positive Sentiment: Analyst sentiment is highly favorable. Zacks upgraded Micron to “Strong Buy,” and D.A. Davidson raised its price target to a Street-high $3,000 from $2,100, citing a multi-year period in which AI memory demand could exceed supply. Analyst Sets Street-High Micron Stock Price Target
- Neutral Sentiment: Micron agreed to pay $600 million to settle a Netlist patent dispute. The payment is a material cost, but resolving the litigation removes a continuing legal overhang and provides a five-year license to Netlist’s patent portfolio. Micron Technology and Netlist Settle Patent Dispute
- Negative Sentiment: A Taiwan labor dispute is pressuring the stock. Workers at Micron’s Taoyuan facility overwhelmingly authorized a strike over bonus changes. No walkout has been announced, but Taiwan is a major manufacturing base, creating risk of production delays, higher costs or customer concerns. Micron’s Taoyuan Union Secures Authorization to Strike
- Negative Sentiment: Sector and macro pressures are also weighing on MU. Samsung’s record preliminary profit highlighted memory strength but failed to reassure investors concerned that the memory cycle may eventually peak. Higher Treasury yields and a broader technology selloff are adding near-term valuation pressure. The Memory Trade Cools After Samsung’s Preliminary Results Disappoint
Insider Transactions at Micron Technology
In other news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’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 transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Scott Allen sold 879 shares of the company’s 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 of the company’s stock, valued at $34,958,000. This trade represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 95,879 shares of company stock valued at $90,939,466 over the last ninety days. 0.24% of the stock is currently owned by insiders.
Micron Technology Company 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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