Micron Technology, Inc. $MU Stock: UNIVEST FINANCIAL Corp Trims Holdings

UNIVEST FINANCIAL Corp decreased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 4.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,483 shares of the semiconductor manufacturer’s stock after selling 2,723 shares during the quarter. Micron Technology accounts for about 3.0% of UNIVEST FINANCIAL Corp’s holdings, making the stock its 9th biggest position. UNIVEST FINANCIAL Corp’s holdings in Micron Technology were worth $63,356,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Andar Capital Management HK Ltd boosted its position in Micron Technology by 856,960.3% during 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 in the last quarter. Primecap Management Co. CA acquired a new stake in Micron Technology during the 2nd quarter valued at $22,182,263,000. Bank of America Corp DE lifted its position in shares of Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after acquiring an additional 2,136,470 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Micron Technology during the second quarter valued at $8,402,393,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Micron Technology by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,967,065 shares of the semiconductor manufacturer’s stock valued at $2,352,282,000 after acquiring an additional 86,488 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Trending Headlines about Micron Technology

Here are a few of the latest headlines about MU:

• Positive Sentiment: AI-related business ties drew attention. Micron is among suppliers participating in Anthropic’s private placement, a development that may deepen its relationship with a major AI customer. Article: Micron Stocks Jump as Memory Rebound Meets Anthropic Placement
• Neutral Sentiment: Analyst opinions are mixed. While Goldman is bullish on Micron’s valuation, it reportedly sees better value in some memory rivals. Bank of America also removed MU from its top-picks list, though it kept a Buy rating. Article: Micron Is Rebounding. Goldman Prefers These Memory Stocks
• Negative Sentiment: Cyclical and spending concerns remain. MU’s steep recent sell-off reflects investor worry that AI data-center investment could cool and that memory pricing and profits may eventually turn down. Those risks could limit the rebound if demand expectations weaken. Article: Is the Micron Sell-Off a Buying Opportunity or a Falling Knife?

Wall Street Analysts Forecast Growth

MU has been the subject of several analyst reports. Weiss Ratings downgraded shares of Micron Technology from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. ThinkEquity reissued a “buy” rating on shares of Micron Technology in a research report on Monday, August 3rd. Susquehanna reissued a “positive” rating on shares of Micron Technology in a research note on Thursday, October 1st. Deutsche Bank restated a “buy” rating on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,650.00 price target on shares of Micron Technology in a report on Thursday, October 22nd. One 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,407.88.

Insider Activity

In other news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated 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 sale, the executive vice president directly owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. The trade was a 7.28% 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, insider Scott Deboer sold 28,545 shares of the stock in a transaction on Friday, October 16th. The shares were sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the transaction, the insider owned 147,430 shares in the company, valued at $132,687,000. This trade represents a 16.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 83,545 shares of company stock worth $78,460,850 over the last 90 days. Company insiders own 0.24% of the company’s stock.

Micron Technology Price Performance

MU opened at $811.30 on Thursday. Micron Technology, Inc. has a 52-week low of $192.59 and a 52-week high of $1,255.00. The company has a 50 day moving average of $950.48 and a two-hundred day moving average of $760.41. The company has a market cap of $917.92 billion, a P/E ratio of 10.93, a P/E/G ratio of 0.13 and a beta of 2.36. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. The business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business’s revenue for the quarter was up 379.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, analysts expect that Micron Technology, Inc. will post 175.22 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 0.81%.

About Micron Technology

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices. Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.