Micron Technology, Inc. $MU Stake Lifted by Phoenix Financial Ltd.

Phoenix Financial Ltd. raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 13.0% during the third quarter, HoldingsChannel reports. The firm owned 43,017 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,944 shares during the period. Phoenix Financial Ltd.’s holdings in Micron Technology were worth $45,818,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Gibbs Wealth Management lifted its holdings in Micron Technology by 52.7% during the third quarter. Gibbs Wealth Management now owns 6,041 shares of the semiconductor manufacturer’s stock worth $6,435,000 after buying an additional 2,085 shares during the period. Denali Advisors LLC purchased a new position in shares of Micron Technology in the 2nd quarter valued at $7,364,000. Castleark Management LLC purchased a new position in shares of Micron Technology in the 1st quarter valued at $3,709,000. Oppenheimer & Co. Inc. increased its holdings in shares of Micron Technology by 16.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock valued at $56,006,000 after acquiring an additional 6,702 shares during the period. Finally, Legacy Wealth Management LLC MS raised its position in shares of Micron Technology by 73.3% in the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after acquiring an additional 1,499 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. ThinkEquity restated a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a research report on Thursday, October 1st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. Morgan Stanley reiterated an “overweight” rating and issued a $1,200.00 target price on shares of Micron Technology in a report on Thursday, October 1st. Finally, The Goldman Sachs Group set a $1,250.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Micron Technology currently has an average rating of “Moderate Buy” and a consensus price target of $1,435.58.

Micron Technology Stock Down 2.5%

NASDAQ MU traded down $20.13 on Friday, hitting $778.31. The stock had a trading volume of 27,749,501 shares, compared to its average volume of 30,791,856. The business’s fifty day moving average price is $943.73 and its 200 day moving average price is $764.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. Micron Technology, Inc. has a 52-week low of $192.59 and a 52-week high of $1,255.00. The stock has a market cap of $880.60 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 0.14 and a beta of 2.36.

Micron Technology (NASDAQ:MU) last issued 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. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. 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 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. Equities research analysts anticipate that Micron Technology, Inc. will post 174.19 earnings per share for the current year.

Micron Technology Announces Dividend

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

Top Micron Technology Stories

Here are a few of the latest stories about MU:

• Positive Sentiment: ETF buying provided a modest demand signal, with 59 funds adding Micron shares and 14 selling on Wednesday, for reported net purchases of $137.7 million. ETFs Bought $137.7 Million of Micron
• Neutral Sentiment: Analysts and market commentary say a sustained recovery will depend on memory pricing and whether AI-driven demand holds up; Micron’s shares have also been unusually volatile, leaving sentiment fragile. Micron Stocks Fall as Nvidia CEO Exit Drags Memory Shares Lower
• Negative Sentiment: Broad chip-sector selling is the main near-term headwind. Reports of Nvidia CEO Jensen Huang’s departure have unsettled investors and raised concerns about the AI trade’s durability, weighing on memory stocks including Micron despite its favorable outlook. Why Are Micron, SK Hynix, and SanDisk Stocks Falling?

Insider Activity at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the company’s 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 transaction, the executive vice president directly 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 filing with the SEC, which is available at this link. Also, 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 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 approximately $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 83,545 shares of company stock valued at $78,460,850 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

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.