907 Micron Technology, Inc. $MU Shares Sold by Worth Asset Management LLC

Worth Asset Management LLC decreased its position in Micron Technology, Inc. (NASDAQ:MU) by 27.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,391 shares of the semiconductor manufacturer’s stock after selling 907 shares during the quarter. Micron Technology makes up 0.7% of Worth Asset Management LLC’s portfolio, making the stock its 27th biggest holding. Worth Asset Management LLC’s holdings in Micron Technology were worth $2,547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MU. Denali Advisors LLC purchased a new position in shares of Micron Technology in the second quarter worth $7,364,000. Castleark Management LLC purchased a new position in Micron Technology during the first quarter valued at $3,709,000. Legacy Wealth Management LLC MS increased its holdings in Micron Technology by 73.3% in the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after acquiring an additional 1,499 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Micron Technology by 16.0% in the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after buying an additional 6,702 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC raised its holdings in shares of Micron Technology by 2,461.4% during the 2nd quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock worth $42,871,000 after acquiring an additional 35,691 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Up 4.1%

Shares of MU traded up $43.11 during mid-day trading on Wednesday, hitting $1,088.67. 19,805,426 shares of the company traded hands, compared to its average volume of 41,534,551. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. Micron Technology, Inc. has a 1-year low of $179.61 and a 1-year high of $1,255.00. The company has a market capitalization of $1.23 trillion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 0.19 and a beta of 2.22. The business has a 50 day moving average of $965.73 and a 200 day moving average of $831.69.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 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 net margin of 63.80% and a return on equity of 92.62%. The business’s revenue for the quarter was up 379.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities research analysts anticipate that Micron Technology, Inc. will post 167.29 EPS for the current year.

Micron Technology Announces Dividend

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 paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s payout ratio is presently 0.81%.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Street-high price target: DA Davidson raised its target to $3,000 from $2,100 while maintaining a Buy rating, arguing that AI-related memory demand could support a multiyear growth runway. DA Davidson raises Micron price target
• Positive Sentiment: AI memory demand remains robust: Analysts highlighted that more than 75% of Micron’s fiscal 2027 shipments are committed, with customers already discussing 2028 allocations. Data-center SSDs, high-bandwidth memory and AI-agent workloads are broadening demand beyond traditional memory markets. Micron AI memory supercycle analysis
• Positive Sentiment: Strong analyst sentiment: MU was added to Zacks’ Rank #1 Strong Buy and momentum lists, reinforcing the favorable view following its record fiscal fourth-quarter results and upbeat first-quarter fiscal 2027 guidance. Zacks Strong Buy momentum list
• Neutral Sentiment: Patent litigation resolved: Micron agreed to pay Netlist $600 million, including quarterly licensing payments over five years, to settle patent disputes. The deal removes legal uncertainty but creates a significant cash obligation. Micron Netlist patent settlement
• Negative Sentiment: Strike authorization adds execution risk: Workers at Micron’s Taiwan facilities authorized a strike over bonus negotiations. No walkout was announced, but Taiwan represents a substantial portion of Micron’s manufacturing footprint, creating potential production and supply-chain concerns. Micron Taiwan strike authorization
• Negative Sentiment: Profit-taking and cycle concerns: Investors remain wary that gross margins and memory pricing may be near a peak, while Michael Burry’s longer-dated put positions add a bearish signal after MU’s substantial rally.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This 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 can be accessed through this link. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated 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 $178,469,010.09. The trade was a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MU has been the subject of a number of analyst reports. TD Cowen reaffirmed a “buy” rating and issued a $1,600.00 price target on shares of Micron Technology in a report on Thursday, October 1st. CLSA reaffirmed an “outperform” rating and issued a $1,700.00 price target on shares of Micron Technology in a research note on Friday, October 2nd. Wolfe Research set a $1,500.00 target price on Micron Technology in a report on Thursday, June 25th. KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a research report on Thursday, October 1st. Finally, ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. Forty-one analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,407.88.

About Micron Technology

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.