Overbrook Management Corp Purchases 10,576 Shares of Micron Technology, Inc. $MU

Overbrook Management Corp lifted its position in Micron Technology, Inc. (NASDAQ:MU) by 74.8% during the third quarter, Holdings Channel reports. The institutional investor owned 24,714 shares of the semiconductor manufacturer’s stock after buying an additional 10,576 shares during the quarter. Micron Technology makes up approximately 4.2% of Overbrook Management Corp’s investment portfolio, making the stock its 11th largest position. Overbrook Management Corp’s holdings in Micron Technology were worth $26,323,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MU. Andar Capital Management HK Ltd grew its holdings 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 acquiring an additional 34,278,413 shares during the period. Primecap Management Co. CA bought a new position in shares of Micron Technology during the 2nd quarter valued at about $22,182,263,000. Legal & General Group Plc bought a new position in shares of Micron Technology during the 2nd quarter valued at about $8,402,393,000. Situational Awareness LP grew its stake in shares of Micron Technology by 1,149.0% in the 2nd quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock worth $5,573,819,000 after purchasing an additional 5,289,124 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Micron Technology in the 2nd quarter worth approximately $3,761,237,000. Institutional investors own 80.84% of the company’s stock.

Insider Activity at Micron Technology

In other 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 value of $14,014,350.00. Following the transaction, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. This represents a 7.28% decrease in their position. 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 stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction 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. This trade represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 95,879 shares of company stock valued at $90,939,466. Company insiders own 0.24% of the company’s stock.

Micron Technology Trading Down 4.8%

Shares of MU stock traded down $52.16 during trading hours on Thursday, reaching $1,035.84. 29,761,444 shares of the stock traded hands, compared to its average volume of 41,539,305. 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 firm has a market capitalization of $1.17 trillion, a PE ratio of 13.96, a PEG ratio of 0.18 and a beta of 2.22. Micron Technology, Inc. has a 1-year low of $179.61 and a 1-year high of $1,255.00. The business has a fifty day moving average price of $975.93 and a 200 day moving average price of $840.54.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. During the same period in the previous year, the company posted $3.03 EPS. The company’s quarterly 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. On average, equities research analysts forecast that Micron Technology, Inc. will post 175.82 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be given 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 is Wednesday, October 14th. Micron Technology’s payout ratio is presently 0.81%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MU. Wedbush restated an “outperform” rating and set a $1,400.00 target price on shares of Micron Technology in a report on Monday, September 28th. DA Davidson upped their price target on Micron Technology from $2,100.00 to $3,000.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating and set a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Itau BBA Securities raised their price objective on Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company decreased their target price on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,407.88.

More Micron Technology News

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

• Positive Sentiment: AI memory demand remains the primary bullish catalyst. Analysts expect the semiconductor rally to continue into year-end, with Micron among the likely leaders. More than 75% of Micron’s fiscal 2027 output is reportedly committed, while customers are already discussing 2028 allocations—evidence of strong visibility and constrained supply. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Positive Sentiment: Fundamentals and estimates remain exceptionally strong. Micron reported fiscal fourth-quarter revenue of $54.23 billion and adjusted EPS of $33.42, while guiding to fiscal first-quarter 2027 EPS of $37.15-$39.15. Fiscal 2026 DRAM revenue reached approximately $39.8 billion, representing 73% of total revenue, and NAND growth is increasingly supported by data-center SSD demand. Micron’s DRAM Sales Reach $40B
• Positive Sentiment: Analyst sentiment is highly favorable. Zacks upgraded Micron to “Strong Buy,” and D.A. Davidson raised its price target to a Street-high $3,000 from $2,100, citing a multi-year period in which AI memory demand could exceed supply. Analyst Sets Street-High Micron Stock Price Target
• Neutral Sentiment: Micron agreed to pay $600 million to settle a Netlist patent dispute. The payment is a material cost, but resolving the litigation removes a continuing legal overhang and provides a five-year license to Netlist’s patent portfolio. Micron Technology and Netlist Settle Patent Dispute
• Negative Sentiment: A Taiwan labor dispute is pressuring the stock. Workers at Micron’s Taoyuan facility overwhelmingly authorized a strike over bonus changes. No walkout has been announced, but Taiwan is a major manufacturing base, creating risk of production delays, higher costs or customer concerns. Micron’s Taoyuan Union Secures Authorization to Strike
• Negative Sentiment: Sector and macro pressures are also weighing on MU. Samsung’s record preliminary profit highlighted memory strength but failed to reassure investors concerned that the memory cycle may eventually peak. Higher Treasury yields and a broader technology selloff are adding near-term valuation pressure. The Memory Trade Cools After Samsung’s Preliminary Results Disappoint

Micron Technology Company 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.