806 Shares of Micron Technology, Inc. $MU Acquired by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC purchased a new stake in Micron Technology, Inc. (NASDAQ:MU) in the third quarter, Holdings Channel reports. The institutional investor purchased 806 shares of the semiconductor manufacturer’s stock, valued at approximately $858,000.

Several other large investors also recently made changes to their positions in the business. B.O.S.S. Retirement Advisors LLC grew its stake in shares of Micron Technology by 2.9% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 1,456 shares of the semiconductor manufacturer’s stock worth $1,551,000 after purchasing an additional 41 shares during the last quarter. CPR Investments Inc. acquired a new stake in Micron Technology during the third quarter valued at approximately $398,000. Peterson Wealth Services lifted its stake in Micron Technology by 69.6% during the third quarter. Peterson Wealth Services now owns 351 shares of the semiconductor manufacturer’s stock valued at $374,000 after purchasing an additional 144 shares during the last quarter. Hourglass Capital LLC acquired a new stake in Micron Technology during the third quarter valued at approximately $543,000. Finally, Motive Wealth Advisors boosted its holdings in Micron Technology by 5.3% during the third quarter. Motive Wealth Advisors now owns 1,213 shares of the semiconductor manufacturer’s stock worth $1,292,000 after buying an additional 61 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Analyst Ratings Changes

MU has been the topic of several recent research reports. TD Cowen restated a “buy” rating and issued a $1,600.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. President Capital increased their price objective on Micron Technology to $1,500.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Rosenblatt Securities reissued a “buy” rating and set a $1,900.00 price objective on shares of Micron Technology in a research note on Thursday, October 22nd. Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Finally, New Street Research upgraded Micron Technology from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $470.00 to $1,250.00 in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Insider Activity

In other Micron Technology news, insider Scott J. Deboer sold 28,545 shares of the firm’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the sale, the insider directly owned 147,430 shares in the company, valued at $132,687,000. This trade represents a 16.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $14,014,350.00. Following the sale, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 83,545 shares of company stock valued at $78,460,850. 0.24% of the stock is owned by insiders.

Micron Technology Stock Up 3.0%

Shares of Micron Technology stock opened at $903.70 on Tuesday. The firm has a market cap of $1.02 trillion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 0.15 and a beta of 2.22. 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 52-week low of $192.59 and a 52-week high of $1,255.00. The stock has a 50-day simple moving average of $982.71 and a 200-day simple moving average of $729.85.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. The firm had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. Micron Technology’s revenue for the quarter was up 379.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities research analysts expect that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 0.81%.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Bank of America became “incrementally more positive” on the memory industry after meetings with executives. The firm said customers are increasingly locking in memory supply through multiyear agreements, improving Micron’s revenue visibility and potentially reducing cyclical volatility. Micron Rises as Bank of America Gets Incrementally More Positive on Memory
• Positive Sentiment: Investors responded favorably to Micron’s defense against concerns over Chinese rival ChangXin Memory Technologies. Micron indicated that CXMT’s 4F square memory design does not currently undermine its competitive position. Micron Stock Finds Its Footing as It Pushes Back on Chinese Memory Threat
• Positive Sentiment: Recent record revenue, profit and gross margin, along with strong forward guidance, have made Micron appear inexpensive relative to its expected earnings growth. High-bandwidth memory demand from artificial-intelligence systems and persistent chip shortages are viewed as potential long-term growth drivers. Micron Just Delivered a Monster Quarter, but the Stock Is Plummeting
• Positive Sentiment: Analyst screens and investor commentary continued to highlight MU’s high profit margins, expected earnings growth and potential to become less dependent on memory-market cycles as customer contracts and AI applications expand. NVIDIA and 2 Profitable Stocks to Buy Now for Explosive Upside
• Neutral Sentiment: Reports noted that Micron’s sharp yearlong rally has been followed by significant corrections across AI-related memory and storage stocks. A potential stock split was discussed, but it would not change the company’s underlying value or fundamentals. Stock-Split Watch: Is Micron Next?
• Negative Sentiment: Bearish commentary warned that a possible 40% decline in memory prices, a peak in the current cycle and weaker hyperscaler capital spending could pressure Micron’s unusually strong earnings. Some analysts also questioned whether new supply contracts provide as much protection as expected. Micron: The New SCA Contracts Are Not As Great As You Think

Micron Technology 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.