Texas Bank & Trust Co lessened its holdings in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 65.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,000 shares of the semiconductor manufacturer’s stock after selling 1,890 shares during the quarter. Texas Bank & Trust Co’s holdings in Micron Technology were worth $1,065,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MU. Andar Capital Management HK Ltd increased its holdings in shares of Micron Technology by 856,960.3% in the second 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 in the last quarter. Primecap Management Co. CA acquired a new stake in shares of Micron Technology during the second quarter worth about $22,182,263,000. Legal & General Group Plc acquired a new stake in shares of Micron Technology during the second quarter worth about $8,402,393,000. Situational Awareness LP lifted its holdings in shares of Micron Technology by 1,149.0% during the 2nd quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock valued at $5,573,819,000 after purchasing an additional 5,289,124 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Micron Technology during the 2nd quarter valued at about $3,761,237,000. 80.84% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on MU shares. KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a research report on Thursday, October 1st. Robert W. Baird raised their target price on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the stock an “outperform” rating in a report on Monday, September 28th. Rosenblatt Securities restated a “buy” rating and set a $1,900.00 target price on shares of Micron Technology in a report on Thursday, October 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Citigroup upped their price target on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.
Get Our Latest Analysis on Micron Technology
Micron Technology Stock Performance
Shares of MU opened at $733.15 on Tuesday. The stock has a market capitalization of $829.50 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 0.14 and a beta of 2.36. Micron Technology, Inc. has a 12 month low of $192.59 and a 12 month high of $1,255.00. The firm has a fifty day simple moving average of $957.60 and a 200 day simple moving average of $756.71. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03.
Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same period in the previous year, the business earned $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. Research analysts forecast that Micron Technology, Inc. will post 175.19 EPS for the current fiscal year.
Micron Technology Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th were issued a $0.15 dividend. The ex-dividend date was Wednesday, October 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 0.81%.
Insider Activity at Micron Technology
In related news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction dated 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 sale, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 83,545 shares of company stock valued at $78,460,850. 0.24% of the stock is owned by insiders.
Micron Technology News Summary
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Memory and storage stocks recovered after a sharp post-midterm sell-off, helping lift Micron. Some investors pointed to its comparatively low earnings multiple and potential buyback capacity as reasons for optimism. Micron Technology climbs amid broad tech rally
- Positive Sentiment: Recent coverage highlighted strong fundamentals: Micron’s latest quarterly revenue rose 379% year over year, and reports cited 26 take-or-pay customer agreements representing $32 billion in commitments, which could improve earnings visibility. Micron’s take-or-pay agreements
- Neutral Sentiment: Some analysts argue that fears of memory-chip competition may be overstated, while others see Micron’s recent decline as a potentially attractive entry point. These are opinions rather than new company results. Micron stock and competition concerns
- Negative Sentiment: Investors remain concerned that local opposition and restrictions on data-center projects could slow AI infrastructure spending—and, in turn, demand for memory. Those fears helped trigger last week’s sell-off. Why Micron stock gained on Monday
- Negative Sentiment: A separate report said construction of a new Micron memory plant in Taiwan was paused amid a labor dispute. If prolonged, the delay could affect capacity plans, although the article did not quantify the potential impact. Micron Taiwan plant construction halt
About Micron Technology
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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