Micron Technology, Inc. $MU Shares Sold by McAlister Sweet & Associates Inc.

McAlister Sweet & Associates Inc. trimmed its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 75.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 510 shares of the semiconductor manufacturer’s stock after selling 1,571 shares during the quarter. Micron Technology accounts for 0.5% of McAlister Sweet & Associates Inc.’s holdings, making the stock its 21st biggest position. McAlister Sweet & Associates Inc.’s holdings in Micron Technology were worth $543,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MU. American National Bank & Trust lifted its stake in Micron Technology by 4.1% in the third quarter. American National Bank & Trust now owns 358 shares of the semiconductor manufacturer’s stock valued at $381,000 after buying an additional 14 shares in the last quarter. Crumly & Associates Inc. increased its position in shares of Micron Technology by 36.5% during the third quarter. Crumly & Associates Inc. now owns 957 shares of the semiconductor manufacturer’s stock worth $1,019,000 after acquiring an additional 256 shares in the last quarter. First Community Trust NA raised its holdings in shares of Micron Technology by 8.1% during the third quarter. First Community Trust NA now owns 2,852 shares of the semiconductor manufacturer’s stock worth $3,038,000 after acquiring an additional 214 shares during the period. Legacy Solutions LLC raised its holdings in shares of Micron Technology by 11.1% during the third quarter. Legacy Solutions LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $235,000 after acquiring an additional 22 shares during the period. Finally, Weaver Consulting Group lifted its position in Micron Technology by 8.8% in the 3rd quarter. Weaver Consulting Group now owns 994 shares of the semiconductor manufacturer’s stock valued at $1,059,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a research note on Thursday, October 1st. Mizuho lifted their price target on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, October 1st. Robert W. Baird boosted their price target on Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a report on Monday, September 28th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Zacks Research downgraded Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Forty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Stock Up 3.9%

MU stock traded up $40.60 during midday trading on Wednesday, hitting $1,086.16. The company’s stock had a trading volume of 20,550,238 shares, compared to its average volume of 41,538,141. The company’s fifty day moving average price is $965.73 and its 200 day moving average price is $831.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. Micron Technology, Inc. has a twelve month low of $179.61 and a twelve month high of $1,255.00. The stock has a market capitalization of $1.23 trillion, a P/E ratio of 14.66, a PEG ratio of 0.19 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. The company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company’s quarterly revenue was up 379.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities research analysts predict that Micron Technology, Inc. will post 167.29 EPS for the current year.

Micron Technology Announces Dividend

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

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Street-high price target: DA Davidson raised its target to $3,000 from $2,100 while maintaining a Buy rating, arguing that AI-related memory demand could support a multiyear growth runway. DA Davidson raises Micron price target
• Positive Sentiment: AI memory demand remains robust: Analysts highlighted that more than 75% of Micron’s fiscal 2027 shipments are committed, with customers already discussing 2028 allocations. Data-center SSDs, high-bandwidth memory and AI-agent workloads are broadening demand beyond traditional memory markets. Micron AI memory supercycle analysis
• Positive Sentiment: Strong analyst sentiment: MU was added to Zacks’ Rank #1 Strong Buy and momentum lists, reinforcing the favorable view following its record fiscal fourth-quarter results and upbeat first-quarter fiscal 2027 guidance. Zacks Strong Buy momentum list
• Neutral Sentiment: Patent litigation resolved: Micron agreed to pay Netlist $600 million, including quarterly licensing payments over five years, to settle patent disputes. The deal removes legal uncertainty but creates a significant cash obligation. Micron Netlist patent settlement
• Negative Sentiment: Strike authorization adds execution risk: Workers at Micron’s Taiwan facilities authorized a strike over bonus negotiations. No walkout was announced, but Taiwan represents a substantial portion of Micron’s manufacturing footprint, creating potential production and supply-chain concerns. Micron Taiwan strike authorization
• Negative Sentiment: Profit-taking and cycle concerns: Investors remain wary that gross margins and memory pricing may be near a peak, while Michael Burry’s longer-dated put positions add a bearish signal after MU’s substantial rally.

Insider Activity at Micron Technology

In other Micron Technology news, CAO Scott Allen sold 879 shares of the firm’s stock in a transaction that occurred 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 $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 95,879 shares of company stock valued at $90,939,466. Insiders own 0.24% of the company’s stock.

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.