Congress Asset Management Co. Boosts Stake in Micron Technology, Inc. $MU

Congress Asset Management Co. raised its stake in Micron Technology, Inc. (NASDAQ:MU) by 99.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 118,460 shares of the semiconductor manufacturer’s stock after buying an additional 58,922 shares during the quarter. Congress Asset Management Co.’s holdings in Micron Technology were worth $126,173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd increased its position in shares of Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares during the period. Primecap Management Co. CA acquired a new position in Micron Technology in the second quarter valued at about $22,182,263,000. Legal & General Group Plc acquired a new position in Micron Technology in the second quarter valued at about $8,402,393,000. Situational Awareness LP lifted its position in Micron Technology by 1,149.0% during the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock worth $5,573,819,000 after purchasing an additional 5,289,124 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in Micron Technology during the second quarter worth about $3,761,237,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Price Performance

Micron Technology stock traded down $18.40 during midday trading on Tuesday, reaching $1,045.56. The company’s stock had a trading volume of 21,666,664 shares, compared to its average volume of 41,653,750. 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 stock has a market cap of $1.18 trillion, a PE ratio of 14.09, 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 business has a 50-day moving average price of $961.23 and a 200-day moving average price of $827.58.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping 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 firm had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. During the same quarter in the prior year, the business earned $3.03 earnings per share. The business’s revenue for the quarter was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, sell-side analysts predict that Micron Technology, Inc. will post 165.51 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors 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 yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s dividend payout ratio is currently 0.81%.

Insider Activity at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott Allen sold 879 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,879 shares of company stock valued at $90,939,466 in the last quarter. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America raised their target price on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. UBS Group reaffirmed a “buy” rating and set a $1,625.00 price target (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. Stifel Nicolaus increased their price target on shares of Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Needham & Company LLC reissued a “buy” rating and issued a $1,650.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Itau BBA Securities lifted their price objective on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Forty-one investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Micron Technology has an average rating of “Moderate Buy” and a consensus target price of $1,385.93.

Micron Technology News Roundup

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

• Positive Sentiment: Analysts remain broadly bullish on Micron’s long-term outlook. Record fourth-quarter revenue of $54.23 billion, sharply higher earnings, strong data-center demand and tighter memory supply are supporting expectations for sustained growth through fiscal 2027–2028. Micron: Tighter Market Conditions Through 2028 Mean This Is a Great Buy
• Positive Sentiment: AI infrastructure and high-bandwidth memory (HBM) demand could make Micron’s revenue base less cyclical than in prior memory upcycles. Strategic customer agreements reportedly cover more than 35% of expected revenue through 2030, improving visibility and pricing power. Micron Q4 Blowout: Why Memory Supercycle Still Has Runway
• Positive Sentiment: Micron’s valuation remains attractive to some analysts relative to other AI semiconductor companies, while its strong balance sheet and cash generation could support shareholder returns. Restrictions on CHIPS Act-related buybacks are scheduled to expire on December 9, potentially enabling repurchases. Why investors should be watching this date for Micron
• Neutral Sentiment: Micron entered a patent-license and settlement agreement with Netlist requiring quarterly payments of approximately $30 million for five years, resolving the companies’ ongoing litigation. The payments create a recurring cost but remove legal uncertainty. Netlist and Micron Enter Patent License and Settlement Agreements
• Neutral Sentiment: Micron has accused a Chinese rival of recruiting its engineers and misusing confidential technology in subsequent patent litigation. The dispute could affect legal and competitive risks, although no immediate financial impact was reported. Micron Says a Chinese Rival Poached Its Engineers
• Negative Sentiment: Bearish commentary highlights slowing sequential DRAM average-selling-price growth, anticipated gross-margin moderation and higher fiscal 2027 capital spending. Investors are concerned that increased industry capacity could eventually pressure pricing. Micron: Wishful Thinking At Its Finest
• Negative Sentiment: After a major year-to-date rally, profit-taking and fears of a memory-price peak are limiting the stock’s response to earnings that exceeded expectations. Reporting risk across memory-chip peers is also contributing to caution. Is Micron Stock Worth Holding After Its Solid Q4 Earnings Results?

Micron Technology Company 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.