6,542 Micron Technology, Inc. $MU Shares Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC increased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 37.7% in the 3rd quarter, Holdings Channel reports. The fund owned 23,877 shares of the semiconductor manufacturer’s stock after buying an additional 6,542 shares during the quarter. Micron Technology accounts for about 1.2% of Knights of Columbus Asset Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Knights of Columbus Asset Advisors LLC’s holdings in Micron Technology were worth $25,432,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Andar Capital Management HK Ltd grew its holdings in Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares during the period. Primecap Management Co. CA purchased a new position in shares of Micron Technology during the second quarter valued at approximately $22,182,263,000. Bank of America Corp DE lifted its holdings in shares of Micron Technology by 26.6% during the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after purchasing an additional 2,136,470 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Micron Technology during the second quarter valued at approximately $8,402,393,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Micron Technology by 28.7% during the second quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock valued at $5,823,556,000 after purchasing an additional 1,125,414 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Insider Transactions at Micron Technology

In related news, insider Scott J. Deboer sold 28,545 shares of the company’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the completion of the sale, the insider owned 147,430 shares in the company, valued at approximately $132,687,000. This represents a 16.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the sale, the chief executive officer 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 83,545 shares of company stock worth $78,460,850 in the last ninety days. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MU. Mizuho upped their price target on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Thursday, October 1st. UBS Group reiterated a “buy” rating and set a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a research note on Wednesday, September 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Micron Technology in a report on Thursday, October 1st. Susquehanna reissued a “positive” rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $2,000.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Price Performance

MU opened at $725.11 on Wednesday. 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 stock has a market capitalization of $820.40 billion, a P/E ratio of 9.77, a P/E/G ratio of 0.13 and a beta of 2.36. The company’s 50-day simple moving average is $952.93 and its two-hundred day simple moving average is $758.35. Micron Technology, Inc. has a 52-week low of $192.59 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the prior year, the firm earned $3.03 earnings per share. The firm’s revenue for the quarter was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, analysts predict that Micron Technology, Inc. will post 175.22 EPS for the current year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th were 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 was Wednesday, October 14th. Micron Technology’s dividend payout ratio is presently 0.81%.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Several analysts see substantial upside, citing continued demand for memory chips from AI infrastructure and a valuation they consider inexpensive. Goldman Sachs characterized the shares as attractively valued, while KeyBanc sees potential for a significant recovery; these are analyst views, not guaranteed outcomes. Micron stock is a screaming buy at current valuation levels: Goldman Sachs KeyBanc analyst sees upside
• Positive Sentiment: Micron’s reported record revenue and earnings beat, strong earnings-growth expectations, and low multiple—about four times projected fiscal 2027 earnings according to one report—support the bullish case. Micron valuation and earnings
• Positive Sentiment: A reported $35 billion share-buyback program is expected to begin December 9, potentially adding a source of shareholder demand. Micron’s buyback can start December 9
• Neutral Sentiment: Bank of America removed Micron from its “US 1” list but reportedly maintained a Buy rating, suggesting reduced conviction rather than a change to its formal recommendation. Micron removed from BofA’s top stock list
• Negative Sentiment: Investors are concerned that political and local opposition to data-center construction, along with questions about the sustainability of AI spending, could weaken future demand. The stock’s recent steep retreat reflects these worries despite strong reported results. Why Micron stock is falling
• Negative Sentiment: Micron remains exposed to the memory industry’s boom-and-bust cycles. Commentary about a possible “cyclical cliff” raises concern that today’s strong pricing and earnings may not last, even with much of next year’s supply reportedly committed. Micron faces cyclical risks

Micron Technology Profile

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices. Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.