Paladin Partners LLC purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) in the 3rd quarter, Holdings Channel reports. The firm purchased 2,090 shares of the semiconductor manufacturer’s stock, valued at approximately $2,226,000. Micron Technology makes up approximately 1.5% of Paladin Partners LLC’s investment portfolio, making the stock its 17th biggest holding.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. M.E. Allison & CO. Inc. boosted its stake in shares of Micron Technology by 0.8% during the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $1,528,000 after purchasing an additional 11 shares in the last quarter. Ables Iannone Moore & Associates Inc. increased its stake in shares of Micron Technology by 5.3% in the third quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer’s stock valued at $252,000 after buying an additional 12 shares during the period. Cherrydale Wealth Management LLC raised its holdings in Micron Technology by 1.4% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after buying an additional 13 shares during the last quarter. Bellevue Asset Management LLC boosted its position in Micron Technology by 25.5% during the 2nd quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock worth $74,000 after buying an additional 13 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its position in Micron Technology by 8.8% during the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer’s stock worth $186,000 after buying an additional 13 shares during the period. Institutional investors own 80.84% of the company’s stock.
Wall Street Analyst Weigh In
MU has been the subject of several recent research reports. Morgan Stanley restated an “overweight” rating and issued a $1,200.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. KeyCorp restated an “overweight” rating on shares of Micron Technology in a research report on Thursday, October 1st. Bank of America lifted their price objective on Micron Technology from $950.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Micron Technology in a research report on Thursday, October 1st. Finally, UBS Group reaffirmed a “buy” rating and issued a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a research note on Wednesday, September 23rd. Forty-one analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology has a consensus rating of “Moderate Buy” and a consensus price target of $1,385.93.
More Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Micron’s fiscal fourth-quarter results substantially exceeded expectations, with revenue of $54.23 billion, EPS of $33.42 and gross margins near 87%. Management also provided strong first-quarter fiscal 2027 guidance, reinforcing the AI-related demand outlook. What’s Going on With Micron Stock?
- Positive Sentiment: Several analysts remain bullish because data-center AI demand, strategic customer agreements and constrained memory supply could support pricing and revenue growth through fiscal 2027–2028. Susquehanna reportedly sees substantial upside, while other analysts characterize MU as inexpensive relative to its growth prospects. Micron Stock Could Nearly Double From Here
- Positive Sentiment: Micron could begin returning more of its unusually large cash generation to shareholders through stock repurchases after CHIPS Act restrictions expire on December 9, creating a potential future catalyst. Why Investors Should Be Watching This Date for Micron
- Neutral Sentiment: Micron and Netlist entered patent-license and settlement agreements reportedly valued at $600 million. The deal may reduce legal uncertainty, although investors may focus on the size and timing of any cash payment. Netlist and Micron Enter Patent License and Settlement Agreements
- Negative Sentiment: Bearish commentary highlights a sharp sequential slowdown in DRAM average selling-price growth—from 62% to 19%—along with expectations for lower gross margins, more moderate price increases and higher fiscal 2027 capital spending. These concerns raise the risk that peak-cycle earnings are already being priced in. Micron: Wishful Thinking at Its Finest
- Negative Sentiment: Investors remain concerned that additional memory-chip production could eventually weaken pricing, while Micron is also accusing a Chinese rival of misappropriating engineers and technology—an issue that could create legal and competitive risks. Micron Says a Chinese Rival Poached Its Engineers
Micron Technology Trading Down 0.2%
Shares of Micron Technology stock traded down $1.72 on Tuesday, reaching $1,062.24. 11,224,558 shares of the company’s stock were exchanged, compared to its average volume of 41,602,344. The company has a market capitalization of $1.20 trillion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 0.20 and a beta of 2.22. Micron Technology, Inc. has a 52 week low of $179.61 and a 52 week high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The firm’s 50-day moving average is $961.23 and its two-hundred day moving average is $827.58.
Micron Technology (NASDAQ:MU – Get Free Report) last released its 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 company had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. Micron Technology’s quarterly revenue was up 379.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts predict that Micron Technology, Inc. will post 165.51 EPS for the current fiscal year.
Micron Technology Announces Dividend
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 given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. Micron Technology’s dividend payout ratio is 0.81%.
Insider Activity
In other news, EVP Sumit Sadana sold 15,000 shares of the firm’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 completion of the sale, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. This trade represents a 7.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Scott Allen sold 879 shares of the business’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the sale, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,879 shares of company stock worth $90,939,466 in the last three months. Company 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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