Congress Asset Management Co. Raises Stake in Micron Technology, Inc. $MU

Congress Asset Management Co. grew its holdings in Micron Technology, Inc. (NASDAQ:MU) by 99.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,460 shares of the semiconductor manufacturer’s stock after acquiring an additional 58,922 shares during the quarter. Congress Asset Management Co.’s holdings in Micron Technology were worth $126,173,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Roth Financial Partners LLC bought a new stake in shares of Micron Technology during the third quarter valued at approximately $447,000. Private Capital Advisors Inc. lifted its holdings in Micron Technology by 379.6% during the 3rd quarter. Private Capital Advisors Inc. now owns 6,715 shares of the semiconductor manufacturer’s stock valued at $7,152,000 after purchasing an additional 5,315 shares during the last quarter. Paladin Partners LLC bought a new position in shares of Micron Technology in the third quarter valued at approximately $2,226,000. Iowa State Bank raised its position in Micron Technology by 2.8% in the 3rd quarter. Iowa State Bank now owns 6,047 shares of the semiconductor manufacturer’s stock valued at $6,441,000 after purchasing an additional 164 shares during the last quarter. Finally, Ables Iannone Moore & Associates Inc. raised its holdings in shares of Micron Technology by 5.3% in the third quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer’s stock valued at $252,000 after buying an additional 12 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Stock Performance

Shares of MU stock traded down $18.40 during midday trading on Tuesday, hitting $1,045.56. 21,666,664 shares of the company were exchanged, compared to its average volume of 41,653,750. Micron Technology, Inc. has a 52 week low of $179.61 and a 52 week high of $1,255.00. The firm’s 50 day moving average price is $961.23 and its two-hundred day moving average price is $827.58. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The firm has a market capitalization of $1.18 trillion, a P/E ratio of 14.09, a PEG ratio of 0.20 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. The company 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 firm’s quarterly revenue was up 379.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 165.51 earnings per share for the current year.

Micron Technology Announces Dividend

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 paid a $0.15 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is 0.81%.

Insider Activity at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott Allen sold 879 shares of Micron Technology stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares of the company’s stock, valued at $34,958,000. This trade represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 95,879 shares of company stock worth $90,939,466. Corporate insiders own 0.24% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Analysts remain broadly bullish on Micron’s long-term outlook. Record fourth-quarter revenue of $54.23 billion, sharply higher earnings, strong data-center demand and tighter memory supply are supporting expectations for sustained growth through fiscal 2027–2028. Micron: Tighter Market Conditions Through 2028 Mean This Is a Great Buy
• Positive Sentiment: AI infrastructure and high-bandwidth memory (HBM) demand could make Micron’s revenue base less cyclical than in prior memory upcycles. Strategic customer agreements reportedly cover more than 35% of expected revenue through 2030, improving visibility and pricing power. Micron Q4 Blowout: Why Memory Supercycle Still Has Runway
• Positive Sentiment: Micron’s valuation remains attractive to some analysts relative to other AI semiconductor companies, while its strong balance sheet and cash generation could support shareholder returns. Restrictions on CHIPS Act-related buybacks are scheduled to expire on December 9, potentially enabling repurchases. Why investors should be watching this date for Micron
• Neutral Sentiment: Micron entered a patent-license and settlement agreement with Netlist requiring quarterly payments of approximately $30 million for five years, resolving the companies’ ongoing litigation. The payments create a recurring cost but remove legal uncertainty. Netlist and Micron Enter Patent License and Settlement Agreements
• Neutral Sentiment: Micron has accused a Chinese rival of recruiting its engineers and misusing confidential technology in subsequent patent litigation. The dispute could affect legal and competitive risks, although no immediate financial impact was reported. Micron Says a Chinese Rival Poached Its Engineers
• Negative Sentiment: Bearish commentary highlights slowing sequential DRAM average-selling-price growth, anticipated gross-margin moderation and higher fiscal 2027 capital spending. Investors are concerned that increased industry capacity could eventually pressure pricing. Micron: Wishful Thinking At Its Finest
• Negative Sentiment: After a major year-to-date rally, profit-taking and fears of a memory-price peak are limiting the stock’s response to earnings that exceeded expectations. Reporting risk across memory-chip peers is also contributing to caution. Is Micron Stock Worth Holding After Its Solid Q4 Earnings Results?

Wall Street Analyst Weigh In

MU has been the topic of several research reports. HSBC upped their price objective on Micron Technology from $1,100.00 to $1,700.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. DA Davidson boosted their price objective on shares of Micron Technology from $2,000.00 to $2,100.00 and gave the company a “buy” rating in a report on Thursday, October 1st. Wedbush reiterated an “outperform” rating and set a $1,400.00 target price on shares of Micron Technology in a report on Monday, September 28th. William Blair set a $1,300.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Wolfe Research set a $1,500.00 price objective on Micron Technology in a research report on Thursday, June 25th. Forty-one analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,385.93.

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.