Micron Technology, Inc. $MU Stock Bought by Journey Retirement Planning & Investment Management LLC

Journey Retirement Planning & Investment Management LLC grew its position in Micron Technology, Inc. (NASDAQ:MU) by 113.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,323 shares of the semiconductor manufacturer’s stock after acquiring an additional 704 shares during the period. Micron Technology comprises 0.9% of Journey Retirement Planning & Investment Management LLC’s portfolio, making the stock its 19th largest holding. Journey Retirement Planning & Investment Management LLC’s holdings in Micron Technology were worth $1,409,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. M.E. Allison & CO. Inc. boosted its position in shares of Micron Technology by 0.8% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after purchasing an additional 11 shares in the last quarter. Ables Iannone Moore & Associates Inc. increased its holdings in shares of Micron Technology by 5.3% in the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer’s stock valued at $252,000 after purchasing an additional 12 shares in the last quarter. Cherrydale Wealth Management LLC lifted its stake in shares of Micron Technology by 1.4% in the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after purchasing an additional 13 shares during the period. Bellevue Asset Management LLC lifted its stake in shares of Micron Technology by 25.5% in the second quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock valued at $74,000 after purchasing an additional 13 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its holdings in Micron Technology by 8.8% during the second 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 in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Down 0.6%

Shares of Micron Technology stock traded down $5.92 during mid-day trading on Friday, hitting $1,029.92. 12,269,431 shares of the stock were exchanged, compared to its average volume of 41,387,289. The stock has a market capitalization of $1.16 trillion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 0.19 and a beta of 2.22. Micron Technology, Inc. has a twelve month low of $179.61 and a twelve month high of $1,255.00. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The company has a 50-day simple moving average of $975.93 and a 200 day simple moving average of $840.54.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $51.33 billion. During the same period in the previous year, the company earned $3.03 EPS. Micron Technology’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 175.82 EPS for the current year.

Micron Technology Dividend Announcement

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

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction on 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 transaction, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction on 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 95,879 shares of company stock worth $90,939,466 in the last 90 days. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MU. Phillip Securities increased their target price on shares of Micron Technology from $530.00 to $1,870.00 and gave the company a “buy” rating in a report on Monday, June 29th. BMO Capital Markets reissued an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. Citigroup upped their price target on Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Robert W. Baird raised their price objective on Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a research note on Monday, September 28th. Finally, UBS Group reiterated a “buy” rating and set a $1,625.00 target price (up from $535.00) on shares of Micron Technology in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,407.88.

Key Micron Technology News

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

• Positive Sentiment: Micron’s AI-memory outlook remains a major bullish driver. Analysts and commentators point to sustained demand for high-bandwidth memory, DRAM and NAND as data-center and agentic-AI deployments expand. More than 75% of Micron’s fiscal 2027 output is reportedly committed, while customers are already discussing allocations into 2028. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Positive Sentiment: Recent financial results were substantially better than expected: fiscal fourth-quarter revenue reached $54.23 billion and adjusted EPS was $33.42, while management forecast another record quarter with fiscal Q1 2027 adjusted EPS of $37.15–$39.15. Bullish earnings revisions and analyst upgrades are supporting the longer-term case. Why Micron Might Be Well Poised for a Surge
• Positive Sentiment: Some investors argue that long-term customer agreements, strategic deposits and constrained HBM production make Micron less exposed to its traditional boom-and-bust cycle. Several bullish forecasts envision substantial additional upside if AI-driven memory shortages persist through 2028. Micron: Bears Are Fighting Physics With Spreadsheets
• Neutral Sentiment: Shares remain range-bound after a sharp run, leaving investors focused on whether future earnings growth can justify the elevated valuation. Gross-margin guidance eased modestly, reinforcing debate over when additional supply could pressure pricing.
• Negative Sentiment: A Taiwan union representing workers at a major Micron DRAM facility voted overwhelmingly to authorize a strike over compensation. A work stoppage could disrupt production or raise costs if mediation fails. Micron Is Making Record Profits, But a Taiwan Union Just Voted 99% to Authorize a Strike

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.