Micron Technology, Inc. $MU Stock Sold by Jackson Square Capital LLC

Jackson Square Capital LLC lessened its position in Micron Technology, Inc. (NASDAQ:MU) by 13.4% in the 3rd quarter, Holdings Channel reports. The fund owned 78,705 shares of the semiconductor manufacturer’s stock after selling 12,159 shares during the period. Micron Technology accounts for approximately 12.6% of Jackson Square Capital LLC’s holdings, making the stock its biggest position. Jackson Square Capital LLC’s holdings in Micron Technology were worth $83,829,000 at the end of the most recent quarter.

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

Micron Technology News Roundup

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

• Positive Sentiment: Memory stocks are leading a broader technology rebound as fears of an AI-spending slowdown ease. Micron shares are recovering alongside SanDisk and SK Hynix after last week’s sell-off. Memory Stocks Rally as Tech Selloff Unwinds
• Positive Sentiment: Wall Street commentary has turned more constructive, with expectations that memory prices will continue rising through at least 2027. This supports Micron’s pricing power and near-term earnings outlook. Why Micron Stock Bounced on Monday
• Positive Sentiment: Analysts and investors continue to highlight strong AI-data-center demand for Micron’s advanced DRAM and NAND products, long-term customer agreements, and substantial coverage of future shipments. Recent results also showed sharply higher revenue and operating profitability. Micron: The Undisputed King of Memory Chips
• Positive Sentiment: Micron’s scheduled technology webinar on October 21 could provide additional detail on product development, AI-related demand, and the company’s technology roadmap. Micron to Host Technology Webinar
• Neutral Sentiment: Micron remains viewed as attractively valued on current earnings, but investors are questioning how long unusually elevated memory profits can last because the industry is historically cyclical. Prediction for Micron’s Stock Price
• Negative Sentiment: A Taiwan-based Micron union voted overwhelmingly to authorize a strike. Because Taiwan is central to Micron’s DRAM production, an actual work stoppage could create operational and supply risks, although no strike has been announced. Micron Taiwan Union Strike Authorization
• Negative Sentiment: Investors remain concerned that China’s expanding memory-chip capacity could eventually increase supply and pressure Micron’s margins, particularly from 2028 onward. Micron and Chinese Memory Competition

Insider Activity at Micron Technology

In other 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 transaction 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. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred 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 sale, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MU. JPMorgan Chase & Co. upped their target price on Micron Technology from $550.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Phillip Securities lifted their price target on Micron Technology from $530.00 to $1,870.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a research report on Monday, August 3rd. DA Davidson increased their price objective on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. Finally, BNP Paribas Exane increased their price objective on shares of Micron Technology from $615.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,407.88.

Micron Technology Trading Up 3.3%

Micron Technology stock traded up $28.56 during trading on Monday, hitting $907.40. The company’s stock had a trading volume of 15,411,914 shares, compared to its average volume of 41,008,609. The stock’s fifty day moving average is $985.88 and its 200 day moving average is $865.04. Micron Technology, Inc. has a 1-year low of $192.40 and a 1-year high of $1,255.00. The stock has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 0.15 and a beta of 2.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same quarter last year, the business 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. As a group, equities research analysts predict that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently announced 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 is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 0.81%.

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.