Micron Technology, Inc. $MU Shares Sold by VMS Asset Management Limited

VMS Asset Management Limited cut its holdings in Micron Technology, Inc. (NASDAQ:MU) by 67.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,194 shares of the semiconductor manufacturer’s stock after selling 10,852 shares during the quarter. Micron Technology comprises approximately 2.2% of VMS Asset Management Limited’s holdings, making the stock its 22nd largest position. VMS Asset Management Limited’s holdings in Micron Technology were worth $5,532,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Denali Advisors LLC acquired a new position in Micron Technology during the 2nd quarter worth $7,364,000. Castleark Management LLC acquired a new stake in shares of Micron Technology in the first quarter valued at about $3,709,000. Oppenheimer & Co. Inc. grew its position in shares of Micron Technology by 16.0% in the second 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 during the last quarter. Legacy Wealth Management LLC MS grew its position in shares of Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after purchasing an additional 1,499 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC increased its stake in shares of Micron Technology by 2,461.4% in the second quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock worth $42,871,000 after purchasing an additional 35,691 shares during the period. 80.84% of the stock is owned by institutional investors.

Micron Technology Stock Performance

NASDAQ:MU opened at $914.13 on Thursday. The firm’s 50-day moving average is $984.86 and its 200-day moving average is $857.08. The company has a market cap of $1.03 trillion, a price-to-earnings ratio of 12.32, a PEG ratio of 0.17 and a beta of 2.22. 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, Inc. has a 52-week low of $187.42 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU) last released its earnings results 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 net margin of 63.80% and a return on equity of 92.62%. The business had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. During the same quarter last year, the company earned $3.03 earnings per share. The firm’s revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities research analysts anticipate that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Key Micron Technology News

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

• Positive Sentiment: Micron’s fundamentals remain strong: fiscal fourth-quarter revenue increased approximately 379% year over year to $54.23 billion, while earnings exceeded analyst expectations. The company also has more than 75% of fiscal 2027 output covered by customer commitments, improving visibility through the next cycle. A Chinese Rival Just Spooked Memory Stocks
• Positive Sentiment: Micron’s board authorized roughly $35 billion in share repurchases, potentially supporting per-share earnings and signaling confidence in future cash generation. The company has also reduced concentration risk, with no customer accounting for at least 10% of fiscal 2026 revenue. Micron’s Buybacks
• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and assigned a $1,900 price target, while Erste Group raised its fiscal 2027 earnings forecast to $173.31 per share. Elon Musk also praised Micron’s approach to future memory pricing as customer-friendly. Rosenblatt Reaffirms Buy Rating
• Neutral Sentiment: Micron will distribute approximately $169.7 million in dividends on October 29. The payout provides shareholder support but is unlikely to outweigh broader concerns about the semiconductor sector. Micron Dividend Payout
• Negative Sentiment: China’s ChangXin Memory Technologies reportedly made progress on a denser DRAM design aimed at server memory. Although commercial-scale production and yields remain unproven, investors fear CXMT could pressure pricing and margins over time. Micron Stock Slides Again
• Negative Sentiment: The broader AI-stock sell-off has intensified as investors question who can finance continued data-center infrastructure spending. Hotter inflation and weakness across Nvidia, AMD, Samsung and SK Hynix are adding sector-wide selling pressure. AI Stocks Face a New Reality
• Negative Sentiment: Investors are also questioning whether Micron’s exceptional earnings represent a cyclical peak, particularly because high-bandwidth memory remains a relatively small portion of total revenue. Potential labor disruption at a Taiwan facility and ongoing concerns about industry oversupply add further risk.

Insider Transactions at Micron Technology

In related news, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. This represents a 2.45% 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 firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer directly 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. In the last quarter, insiders have sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on MU. Wedbush reissued an “outperform” rating and set a $1,400.00 price objective on shares of Micron Technology in a research report on Monday, September 28th. Citigroup raised their target price on Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. HSBC raised their target price on Micron Technology from $1,100.00 to $1,700.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Robert W. Baird lifted their price target on Micron Technology from $1,280.00 to $1,520.00 and gave the stock an “outperform” rating in a research report on Monday, September 28th. Finally, UBS Group reiterated a “buy” rating and set a $1,625.00 price target (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Micron Technology has an average rating of “Moderate Buy” and an average price target of $1,407.88.

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.