149,515 Micron Technology, Inc. $MU Shares Sold by Funde Sino Life Insurance Co Ltd

Funde Sino Life Insurance Co Ltd reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 70.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 63,428 shares of the semiconductor manufacturer’s stock after selling 149,515 shares during the period. Micron Technology accounts for about 36.4% of Funde Sino Life Insurance Co Ltd’s holdings, making the stock its 2nd largest position. Funde Sino Life Insurance Co Ltd’s holdings in Micron Technology were worth $67,558,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Plancorp LLC grew its stake in Micron Technology by 2.3% in the 3rd quarter. Plancorp LLC now owns 2,708 shares of the semiconductor manufacturer’s stock worth $2,884,000 after acquiring an additional 62 shares in the last quarter. May Hill Capital LLC lifted its stake in Micron Technology by 10.4% in the third quarter. May Hill Capital LLC now owns 2,265 shares of the semiconductor manufacturer’s stock worth $2,412,000 after acquiring an additional 214 shares during the period. Waycross Partners LLC bought a new position in Micron Technology during the 3rd quarter worth about $1,974,000. Kingstone Capital Partners Texas LLC purchased a new position in Micron Technology during the 3rd quarter valued at about $747,000. Finally, Providence First Trust Co raised its holdings in shares of Micron Technology by 2.6% in the 3rd quarter. Providence First Trust Co now owns 2,537 shares of the semiconductor manufacturer’s stock valued at $2,702,000 after purchasing an additional 65 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

More Micron Technology News

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

• Positive Sentiment: Micron’s latest quarter showed sharply higher sales, and its next-quarter revenue guidance reportedly exceeded Wall Street expectations. Analysts cited continued memory demand, especially for AI systems, as support for the business outlook. Why Micron Stock Is Up Today
• Positive Sentiment: Some investors and analysts view the recent selloff as excessive, pointing to Micron’s low forward valuation, customer commitments, and potential for buybacks. A separate analysis argues that U.S. DRAM production could be economically viable with government incentives and customer premiums. Micron: The Story Is Far From Being Over (Rating Upgrade)
• Neutral Sentiment: The stock’s sharp swings reflect a split outlook: robust current memory demand and results are being balanced against uncertainty about how durable AI-related spending will be. Micron Stock Rebounds After Selloff as AI Demand Risks Persist
• Negative Sentiment: Investors remain concerned that proposed restrictions on AI data centers—including permitting, power-use, and environmental rules—could delay projects and curb demand for memory chips. These fears helped drive the prior session’s steep decline. Could Micron Face Slower AI Demand From New Data Center Rules?
• Negative Sentiment: A reported pause in construction of Micron’s planned Taiwan facility, following a labor dispute, adds uncertainty around its manufacturing expansion and future capacity. Micron Plunges Amid Chip Selloff and Taiwan Plant Halt

Micron Technology Price Performance

Shares of MU stock traded up $33.61 during mid-day trading on Friday, hitting $690.00. 44,738,293 shares of the stock were exchanged, compared to its average volume of 26,678,026. The firm has a fifty day moving average of $961.59 and a 200 day moving average of $754.99. 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, Inc. has a 52-week low of $192.59 and a 52-week high of $1,255.00. The company has a market cap of $780.68 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 0.14 and a beta of 2.36.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. The firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business’s revenue was up 379.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Research analysts anticipate that Micron Technology, Inc. will post 175.19 earnings per share for the current year.

Micron Technology Dividend Announcement

The business 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 of this dividend was Wednesday, October 14th. Micron Technology’s payout ratio is presently 0.81%.

Analysts Set New Price Targets

Several equities analysts have issued reports on MU shares. Raymond James Financial reiterated an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. Sanford C. Bernstein restated an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Wells Fargo & Company cut their price objective on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 23rd. UBS Group reiterated a “buy” rating and set a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a research note on Wednesday, September 23rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $2,000.00 target price on shares of Micron Technology in a research report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,407.88.

Insider Buying and Selling

In related news, insider Scott J. Deboer sold 28,545 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $900.00, for a total value of $25,690,500.00. Following the completion of the transaction, the insider directly owned 147,430 shares of the company’s stock, valued at $132,687,000. This represents a 16.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’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 directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 83,545 shares of company stock valued at $78,460,850 in the last three months. 0.24% of the stock is owned by corporate insiders.

Micron Technology Company Profile

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.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into a global technology company with operations and customers across multiple regions.