First Citizens Bank & Trust Co. Purchases 9,894 Shares of Micron Technology, Inc. $MU

First Citizens Bank & Trust Co. increased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 30.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,923 shares of the semiconductor manufacturer’s stock after acquiring an additional 9,894 shares during the period. Micron Technology comprises 0.6% of First Citizens Bank & Trust Co.’s holdings, making the stock its 25th largest holding. First Citizens Bank & Trust Co.’s holdings in Micron Technology were worth $45,718,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Andar Capital Management HK Ltd lifted its stake 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 during the last quarter. Primecap Management Co. CA acquired a new stake in shares of Micron Technology in the 2nd quarter valued at $22,182,263,000. Bank of America Corp DE increased its stake in shares of Micron Technology by 26.6% in the 2nd 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 purchasing an additional 2,136,470 shares during the last quarter. Invesco Ltd. increased its stake in shares of Micron Technology by 1.6% in the 4th quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after purchasing an additional 155,073 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Micron Technology in the 2nd quarter valued at $8,402,393,000. 80.84% of the stock is owned by institutional investors.

Insider Buying and Selling

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. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares in the company, valued at approximately $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. Insiders have sold 95,879 shares of company stock worth $90,939,466 in the last 90 days. Insiders own 0.24% of the company’s stock.

Micron Technology Stock Performance

NASDAQ MU opened at $953.19 on Wednesday. The firm’s fifty day moving average price is $984.44 and its two-hundred day moving average price is $853.14. The stock has a market cap of $1.08 trillion, a PE ratio of 12.84, a PEG ratio of 0.17 and a beta of 2.22. Micron Technology, Inc. has a fifty-two week low of $186.25 and a fifty-two week high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) 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 company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same period in the prior year, the business earned $3.03 earnings per share. The company’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. On average, equities analysts expect that Micron Technology, Inc. will post 175.82 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s payout ratio is currently 0.81%.

Analyst Ratings Changes

A number of equities analysts have recently commented on MU shares. Raymond James Financial reissued an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. CLSA reaffirmed an “outperform” rating and issued a $1,700.00 price objective on shares of Micron Technology in a research note on Friday, October 2nd. JPMorgan Chase & Co. lifted their target price on Micron Technology from $550.00 to $1,540.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. BNP Paribas Exane lifted their target price on Micron Technology from $615.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Micron Technology in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,407.88.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Earnings estimates and analyst support improved. Erste Group raised its FY2027 EPS forecast to $173.31 from $156.41 and maintained a Buy rating, while Rosenblatt reaffirmed its Buy rating with a $1,900 price target. Analysts remain bullish on Micron’s HBM4 ramp, higher 2027 contract pricing and potential margin expansion. Micron analyst estimates
• Positive Sentiment: Long-term customer agreements are reducing cycle risk. Micron has increased its strategic customer agreements to 26, up from 16 three months earlier. The contracts establish longer-term pricing frameworks, cover a significant portion of fiscal 2027 output and improve visibility into demand despite the memory market’s traditional cyclicality. Micron customer contracts article
• Positive Sentiment: Customer concentration risk has declined. Micron’s fiscal 2026 annual report showed that no individual customer represented at least 10% of revenue, compared with one customer accounting for 17% the prior year. Elon Musk also praised Micron’s relatively reasonable approach to future memory pricing, potentially supporting long-term customer relationships. Elon Musk Micron pricing article
• Positive Sentiment: Capital returns provide valuation support. Micron authorized approximately $35 billion in share repurchases, signaling management’s confidence in cash generation and potentially creating demand for the shares.
• Neutral Sentiment: Micron’s fiscal fourth-quarter revenue reached $54.23 billion, up 379% year over year, while adjusted EPS exceeded expectations. However, the stock’s low forward earnings multiple also reflects investor concern that these results may represent peak-cycle profitability.
• Negative Sentiment: China competition is the primary source of selling pressure. ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design and plans to target server memory. Investors fear that successful commercialization could eventually pressure Micron’s pricing power and margins, although production scale, yields and customer validation remain unproven. Chinese competition and Micron article
• Negative Sentiment: Additional risks include a possible labor strike at Micron’s Taoyuan, Taiwan facility, the $600 million Netlist patent settlement payable over five years, and profit-taking after the stock’s substantial year-to-date advance.

About Micron Technology

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.