Micron Technology, Inc. $MU Stock Position Decreased by Massachusetts Wealth Management

Massachusetts Wealth Management cut its holdings in Micron Technology, Inc. (NASDAQ:MU) by 51.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,863 shares of the semiconductor manufacturer’s stock after selling 4,165 shares during the quarter. Micron Technology makes up about 1.6% of Massachusetts Wealth Management’s holdings, making the stock its 21st largest holding. Massachusetts Wealth Management’s holdings in Micron Technology were worth $4,115,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Denali Advisors LLC acquired a new stake in shares of Micron Technology in the 2nd quarter valued at about $7,364,000. Castleark Management LLC bought a new stake in shares of Micron Technology in the first quarter valued at about $3,709,000. Oppenheimer & Co. Inc. lifted its holdings 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 in the last quarter. Legacy Wealth Management LLC MS boosted its position in shares of Micron Technology by 73.3% during the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after buying an additional 1,499 shares during the period. Finally, Franklin Street Advisors Inc. NC boosted its position in shares of Micron Technology by 2,461.4% during the second quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock worth $42,871,000 after buying an additional 35,691 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $856.49 on Friday. The stock has a market capitalization of $969.05 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 0.16 and a beta of 2.22. The business has a 50-day moving average of $985.49 and a 200-day moving average of $880.07. 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 fifty-two week low of $192.59 and a fifty-two 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 (EPS) for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the previous year, the business earned $3.03 earnings per share. Micron Technology’s quarterly 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. As a group, sell-side analysts predict that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is currently 0.81%.

More Micron Technology News

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

• Positive Sentiment: Micron’s fundamental outlook remains strong. Recent results showed adjusted EPS of $33.42 and revenue of $54.23 billion, far above consensus, while management guided to approximately $61.5 billion of revenue for the next quarter. AI-related demand for high-bandwidth memory, DRAM and NAND has helped drive record profitability, with analysts expecting tight supply through at least 2027. Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
• Positive Sentiment: Wedbush said Micron’s decision to bypass the competing 4F² DRAM architecture and pursue 3D technology could preserve its manufacturing and technology advantage. New products based on the roadmap are expected to support future AI-memory demand. Micron Charts a Different Course on DRAM
• Positive Sentiment: Needham and Rosenblatt reaffirmed buy ratings with price targets of $1,650 and $1,900, respectively. These targets reflect continued confidence in memory pricing, customer commitments and Micron’s earnings growth despite the recent pullback. What’s Going On With Micron Technology Stock Thursday?
• Neutral Sentiment: Micron introduced a quarterly employee bonus tied to company profits. The program could support workforce relations, but it may also increase compensation costs during a period of intense labor and capacity investment. Micron Introduces Quarterly Employee Bonus Tied to Profits
• Negative Sentiment: Investors are questioning whether massive AI spending is sustainable, particularly as rising oil prices, inflation and borrowing costs make data-center financing more expensive. Concerns about negative free cash flow at major technology customers have intensified fears of a broader AI investment slowdown. Why Micron Stock Dropped on Thursday
• Negative Sentiment: Memory and storage shares faced concentrated selling ahead of earnings, raising concerns that Micron’s unusually high margins could eventually normalize as competitors add capacity. China’s CXMT is also advancing server-memory technology, creating a longer-term competitive risk. Memory Selloff Deepens Ahead of Earnings
• Negative Sentiment: A labor dispute at Micron’s Taoyuan, Taiwan facility created fears of production disruption, shipment delays or higher costs, even though the company has also reported progress toward agreements with Taiwan unions. Micron’s Taiwan Strike

Insiders Place Their Bets

In other Micron Technology news, 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 transaction of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 83,545 shares of company stock valued at $78,460,850 in the last 90 days. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wolfe Research set a $1,500.00 price objective on Micron Technology in a report on Thursday, June 25th. HSBC boosted their target price on Micron Technology from $1,100.00 to $1,700.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. UBS Group restated a “buy” rating and issued a $1,625.00 target price (up from $535.00) on shares of Micron Technology in a research note on Wednesday, September 23rd. The Goldman Sachs Group set a $1,250.00 price target on Micron Technology in a research report on Thursday, October 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $1,200.00 price target 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 assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock 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 products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.