2,684 Micron Technology, Inc. $MU Shares Purchased by Ethic Inc.

Ethic Inc. grew its holdings in Micron Technology, Inc. (NASDAQ:MU) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 135,253 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,684 shares during the period. Micron Technology makes up about 1.6% of Ethic Inc.’s portfolio, making the stock its 9th biggest position. Ethic Inc.’s holdings in Micron Technology were worth $144,060,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MU. Gibbs Wealth Management grew its position in Micron Technology by 52.7% in the 3rd quarter. Gibbs Wealth Management now owns 6,041 shares of the semiconductor manufacturer’s stock valued at $6,435,000 after purchasing an additional 2,085 shares during the period. Denali Advisors LLC bought a new stake in Micron Technology during the 2nd quarter valued at $7,364,000. Castleark Management LLC bought a new stake in Micron Technology during the 1st quarter valued at $3,709,000. Oppenheimer & Co. Inc. increased its stake in Micron Technology by 16.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock valued at $56,006,000 after purchasing an additional 6,702 shares in the last quarter. Finally, Legacy Wealth Management LLC MS raised its holdings in Micron Technology by 73.3% during the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after buying an additional 1,499 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. KeyCorp reissued an “overweight” rating on shares of Micron Technology in a research report on Thursday, October 1st. Susquehanna reaffirmed a “positive” rating on shares of Micron Technology in a research report on Thursday, October 1st. TD Cowen reiterated a “buy” rating and set a $1,600.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. Citigroup lifted their price target on Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Finally, The Goldman Sachs Group set a $1,250.00 price objective on Micron Technology in a 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 company. According to data from MarketBeat, Micron Technology currently has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Price Performance

Micron Technology stock opened at $690.00 on Friday. Micron Technology, Inc. has a 12 month low of $192.59 and a 12 month high of $1,255.00. 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’s 50 day simple moving average is $961.59 and its 200 day simple moving average is $754.99. The company has a market cap of $780.68 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.12 and a beta of 2.36.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share 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 business had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same period in the prior year, the company earned $3.03 earnings per share. Micron Technology’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. Sell-side analysts forecast that Micron Technology, Inc. will post 175.19 EPS for the current year.

Micron Technology Announces Dividend

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

Key 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

Insider Transactions at Micron Technology

In related news, insider Scott Deboer sold 28,545 shares of Micron Technology stock in a transaction dated 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 sale, the insider owned 147,430 shares of the company’s stock, valued at approximately $132,687,000. This trade represents a 16.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 83,545 shares of company stock worth $78,460,850. 0.24% of the stock is owned by company 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.