Micron Technology, Inc. $MU Stock Acquired by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. raised its position in Micron Technology, Inc. (NASDAQ:MU) by 3.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 100,197 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,625 shares during the period. Micron Technology makes up about 1.3% of Ferguson Wellman Capital Management Inc.’s holdings, making the stock its 19th largest holding. Ferguson Wellman Capital Management Inc.’s holdings in Micron Technology were worth $106,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. CapWealth Advisors LLC increased its holdings in Micron Technology by 1.9% in the 3rd quarter. CapWealth Advisors LLC now owns 1,065 shares of the semiconductor manufacturer’s stock worth $1,134,000 after acquiring an additional 20 shares during the last quarter. Adelphi Trust Co lifted its holdings in Micron Technology by 31.4% during the third quarter. Adelphi Trust Co now owns 578 shares of the semiconductor manufacturer’s stock valued at $616,000 after purchasing an additional 138 shares during the last quarter. Eastern Bank boosted its position in Micron Technology by 101.1% during the third quarter. Eastern Bank now owns 39,857 shares of the semiconductor manufacturer’s stock worth $42,452,000 after purchasing an additional 20,039 shares during the period. Rockland Trust Co. boosted its position in Micron Technology by 54.1% during the third quarter. Rockland Trust Co. now owns 322 shares of the semiconductor manufacturer’s stock worth $343,000 after purchasing an additional 113 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Micron Technology by 29.8% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 5,720 shares of the semiconductor manufacturer’s stock worth $6,092,000 after purchasing an additional 1,314 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: Micron reported fiscal Q4 revenue of $54.23 billion, up roughly 379% year over year, and adjusted earnings of $33.42 per share, exceeding analyst expectations. Management also issued higher fiscal Q1 2027 guidance, reinforcing expectations for continued near-term momentum. Micron Stock Looks Like a Top AI Investment to Make Right Now
• Positive Sentiment: Articles point to sustained AI infrastructure demand for high-bandwidth memory, strategic customer agreements covering more than one-third of revenue through 2030, and tighter-than-expected supply conditions into fiscal 2027 and 2028. These factors could support pricing power and reduce the severity of Micron’s historically cyclical business. Micron: The Trade Of The Decade Has Arrived
• Positive Sentiment: Micron’s large cash generation, customer deposits and expected share buybacks are viewed as additional support for shareholder returns and capacity expansion. Micron’s historic cash bonanza is set to rain down on investors
• Neutral Sentiment: Analysts and commentators continue to debate whether Micron’s valuation—despite a low forward earnings multiple—appropriately reflects unusually strong, potentially temporary memory-cycle profits. High earnings growth supports the bull case, but estimates imply a significant slowdown in later fiscal years. Investors Had a Tepid Reaction to Micron’s Latest Earnings Report
• Negative Sentiment: Investors remain concerned that memory prices and gross margins could peak as competitors add DRAM and HBM capacity. The stock’s muted earnings reaction reflects fears that future revenue and profits may decline once supply improves. Micron Stock Falls Amid Fears of Memory-Price Peak
• Negative Sentiment: Short volume rose to a two-week high, with bearish trades overtaking bullish positions, while broader warnings about an AI-stock bubble add volatility and downside risk. Short squeeze alert for Micron stock amid spike in short volume

Wall Street Analyst Weigh In

MU has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a research note on Friday, August 7th. Arete Research raised their price target on Micron Technology from $852.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $1,500.00 price target on shares of Micron Technology in a research report on Thursday. Needham & Company LLC reissued a “buy” rating and set a $1,650.00 price objective on shares of Micron Technology in a report on Thursday. Finally, HSBC raised their target price on Micron Technology from $1,100.00 to $1,700.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Forty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,385.93.

Micron Technology Price Performance

MU traded down $8.05 during trading on Monday, reaching $1,066.84. The stock had a trading volume of 9,778,723 shares, compared to its average volume of 41,714,750. The business has a 50-day moving average of $957.97 and a 200-day moving average of $823.35. Micron Technology, Inc. has a one year low of $179.61 and a one year 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 stock has a market cap of $1.20 trillion, a PE ratio of 14.38, a PEG ratio of 0.20 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating the consensus estimate of $31.77 by $1.65. The firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%.The company’s revenue was up 379.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 165.51 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Activity at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the 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 completion of the transaction, 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 SEC filing for this sale provides additional information. Insiders have sold a total of 95,879 shares of company stock worth $90,939,466 in the last 90 days. Company insiders own 0.24% of the company’s stock.

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.