683 Micron Technology, Inc. $MU Shares Acquired by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX raised its stake in Micron Technology, Inc. (NASDAQ:MU) by 24.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,453 shares of the semiconductor manufacturer’s stock after acquiring an additional 683 shares during the period. Cypress Asset Management Inc. TX’s holdings in Micron Technology were worth $3,678,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MU. Bullseye Investment Management LLC acquired a new stake in Micron Technology during the 2nd quarter worth about $27,000. Steph & Co. acquired a new stake in Micron Technology during the third quarter worth approximately $31,000. Montgomery Financial Services LLC bought a new stake in Micron Technology in the second quarter worth approximately $38,000. JNBA Financial Advisors boosted its holdings in shares of Micron Technology by 77.3% during the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock worth $45,000 after buying an additional 17 shares in the last quarter. Finally, Ramsey Quantitative Systems acquired a new stake in shares of Micron Technology during the 2nd quarter worth approximately $46,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Key Micron Technology News

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

• Positive Sentiment: Analyst upgrades support the bullish case. Zacks Research upgraded Micron to “Strong Buy,” while another analyst upgrade helped the stock rebound in premarket trading. DA Davidson also maintains a Buy rating and has raised its price target to a Street-high $3,000, citing a multiyear AI-related memory shortage. Micron Technology Stock Jumps After Analyst Upgrade
• Positive Sentiment: Demand visibility remains unusually strong. More than 75% of Micron’s fiscal 2027 shipments are reportedly committed, with customers already discussing 2028 allocations. AI data centers and emerging AI-agent workloads could drive additional demand for DRAM, high-bandwidth memory and NAND. The latest quarterly report showed revenue of $54.23 billion and adjusted EPS of $33.42, while fiscal Q1 2027 guidance implies another record quarter. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Neutral Sentiment: Investors remain divided over the memory cycle. Bulls argue that contracted supply and years of AI infrastructure spending could make this expansion longer and less cyclical than prior memory booms. However, Micron’s valuation has risen sharply, leaving the stock range-bound until earnings growth or further supply constraints provide a fresh catalyst. Micron Stock Is Range-Bound in Choppy AI Trade
• Negative Sentiment: AI-sector risk-off trading is weighing on MU. Reports that OpenAI’s annualized revenue fell short of expectations triggered concern about the pace and sustainability of AI spending, pressuring Micron and other AI-linked semiconductor stocks. Analysts said the reaction may reflect differences in revenue reporting rather than weaker demand, but the episode highlights the crowded nature of the trade. Micron, Nvidia and AI Chip Stocks Fall on OpenAI Revenue Concerns
• Negative Sentiment: Operational and margin concerns add pressure. Adjusted gross margin is expected to ease modestly, while workers at Micron’s Taiwan facilities overwhelmingly authorized a strike over bonus changes. No walkout has been announced, but a disruption at a major production base could affect output and costs. Investors are also watching Samsung’s slower profit growth as a warning that memory pricing momentum may eventually moderate.

Micron Technology Trading Down 4.8%

NASDAQ MU opened at $1,035.84 on Friday. 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 business has a fifty day simple moving average of $975.93 and a 200 day simple moving average of $840.54. Micron Technology, Inc. has a 12 month low of $179.61 and a 12 month high of $1,255.00. The firm has a market capitalization of $1.17 trillion, a P/E ratio of 13.96, a PEG ratio of 0.19 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (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 analyst estimates of $51.33 billion. During the same quarter in the prior year, the business posted $3.03 EPS. The business’s revenue 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, analysts predict that Micron Technology, Inc. will post 175.82 EPS for the current fiscal year.

Micron Technology Announces Dividend

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 given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend 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

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated Friday, August 21st. The shares were 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 in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Scott R. Allen sold 879 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares of the company’s stock, valued at $34,958,000. This trade represents a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. UBS Group reissued a “buy” rating and set a $1,625.00 target price (up from $535.00) on shares of Micron Technology in a research note on Wednesday, September 23rd. KeyCorp restated an “overweight” rating on shares of Micron Technology in a research note on Thursday, October 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Micron Technology in a research note on Thursday, October 1st. HSBC increased their price target on Micron Technology from $1,100.00 to $1,700.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Finally, New Street Research upgraded Micron Technology from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $470.00 to $1,250.00 in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.