Micron Technology, Inc. $MU Stock Sold by Merrion Investment Management Co LLC

Merrion Investment Management Co LLC trimmed its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 51.2% in the third quarter, HoldingsChannel reports. The firm owned 1,813 shares of the semiconductor manufacturer’s stock after selling 1,900 shares during the period. Micron Technology makes up 0.8% of Merrion Investment Management Co LLC’s portfolio, making the stock its 22nd biggest position. Merrion Investment Management Co LLC’s holdings in Micron Technology were worth $1,931,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Pension & Wealth Management Advisors Inc. acquired a new position in Micron Technology during the 3rd quarter worth about $1,941,000. Goelzer Investment Management Inc. increased its position in Micron Technology by 235.1% in the 3rd quarter. Goelzer Investment Management Inc. now owns 3,559 shares of the semiconductor manufacturer’s stock valued at $3,791,000 after acquiring an additional 2,497 shares in the last quarter. Annex Advisory Services LLC increased its position in Micron Technology by 849.9% in the 3rd quarter. Annex Advisory Services LLC now owns 50,382 shares of the semiconductor manufacturer’s stock valued at $53,662,000 after acquiring an additional 45,078 shares in the last quarter. BostonPremier Wealth LLC increased its position in Micron Technology by 9.4% in the 3rd quarter. BostonPremier Wealth LLC now owns 514 shares of the semiconductor manufacturer’s stock valued at $548,000 after acquiring an additional 44 shares in the last quarter. Finally, Franchise GP Ltd raised its stake in shares of Micron Technology by 6.1% in the third quarter. Franchise GP Ltd now owns 14,200 shares of the semiconductor manufacturer’s stock worth $15,125,000 after acquiring an additional 820 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Trading Down 5.6%

NASDAQ MU traded down $52.40 during trading hours on Friday, hitting $878.84. The company’s stock had a trading volume of 30,226,235 shares, compared to its average volume of 27,238,324. Micron Technology, Inc. has a twelve month low of $192.40 and a twelve month high of $1,255.00. The firm has a market capitalization of $994.34 billion, a P/E ratio of 11.84, a PEG ratio of 0.16 and a beta of 2.22. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average of $985.88 and a 200 day moving average of $861.24.

Micron Technology (NASDAQ:MU) last released 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. The firm had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business’s quarterly revenue was up 379.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities research analysts forecast that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the stock an “outperform” rating in a research report on Monday, September 28th. Rosenblatt Securities reissued a “buy” rating and issued a $1,900.00 price target on shares of Micron Technology in a report on Tuesday. Erste Group Bank raised shares of Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Morgan Stanley restated an “overweight” rating and issued a $1,200.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Finally, JPMorgan Chase & Co. upped their price objective on Micron Technology from $550.00 to $1,540.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,407.88.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron’s long-term outlook remains supported by tight memory supply and robust AI demand. Analysts and commentators point to expanding margins, pricing strength, high-bandwidth memory (HBM) growth, and management’s expectation that supply constraints could persist through 2028. Micron: Why You Should Buy Before Dec’26
• Positive Sentiment: Recent results exceeded expectations: fiscal fourth-quarter revenue reached approximately $54.2 billion, above the high end of management’s outlook, while full-year revenue reportedly rose to about $133.2 billion. Supporters also cite long-term customer agreements, price floors, potential share repurchases under Micron’s $35 billion authorization, and continued investment in U.S. manufacturing. Micron Stock Is 25% Below Its June Record
• Positive Sentiment: ASML’s comments that demand for advanced chipmaking equipment exceeds supply through 2028 are viewed as favorable for Micron, a major ASML customer developing next-generation HBM products. Micron also pledged $50 million to U.S. memory research, reinforcing its domestic technology and supply-chain strategy. ASML Just Delivered Excellent News for Micron Stock Investors
• Neutral Sentiment: Several analysts continue to describe the retreat as a potential buying opportunity, citing Micron’s valuation and earnings growth. However, bullish price targets depend on memory demand remaining strong and the current pricing cycle lasting longer than expected.
• Negative Sentiment: Investors remain concerned that CXMT’s progress in DDR5, LPDDR5X, and server memory could pressure pricing and market share, particularly in conventional memory. A possible industry oversupply later this decade adds to the cyclical risk. Memory stocks are getting hammered
• Negative Sentiment: The broader AI trade is under pressure as investors question whether data-center spending can generate adequate returns and whether highly leveraged “neocloud” companies can remain viable. Higher inflation and the prospect of additional interest-rate increases are also encouraging rotation away from expensive technology stocks.
• Negative Sentiment: One senior executive sold 6,328 Micron shares on October 14. The transaction appears isolated and is small relative to the company, but it adds a modest negative signal during an already weak trading period. Monster insider trading alert for Micron stock

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction 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 completion of the sale, the executive vice president directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the sale, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 95,879 shares of company stock valued at $90,939,466 over the last three months. Company insiders own 0.24% of the company’s stock.

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.