Coastline Trust Co Reduces Stake in Micron Technology, Inc. $MU

Coastline Trust Co reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 14.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,939 shares of the semiconductor manufacturer’s stock after selling 1,024 shares during the quarter. Coastline Trust Co’s holdings in Micron Technology were worth $6,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the stock. Greenwich Wealth Management LLC grew its position in Micron Technology by 3.0% in the second quarter. Greenwich Wealth Management LLC now owns 1,253 shares of the semiconductor manufacturer’s stock valued at $1,446,000 after acquiring an additional 36 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Micron Technology by 5.0% in the 2nd quarter. QRG Capital Management Inc. now owns 216,617 shares of the semiconductor manufacturer’s stock valued at $250,039,000 after purchasing an additional 10,384 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Micron Technology by 317.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 39,606 shares of the semiconductor manufacturer’s stock valued at $45,716,000 after purchasing an additional 30,119 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Micron Technology by 14.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 756,236 shares of the semiconductor manufacturer’s stock worth $872,906,000 after purchasing an additional 96,472 shares during the last quarter. Finally, Silicon Valley Capital Partners grew its holdings in shares of Micron Technology by 12.3% in the 2nd quarter. Silicon Valley Capital Partners now owns 7,387 shares of the semiconductor manufacturer’s stock worth $8,527,000 after purchasing an additional 809 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

MU has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a research note on Monday. The Goldman Sachs Group set a $1,250.00 price target on Micron Technology in a report on Thursday. Erste Group Bank upgraded Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. KeyCorp reissued an “overweight” rating on shares of Micron Technology in a research note on Thursday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a report on Friday, August 7th. Forty analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,378.08.

Micron Technology Trading Down 0.2%

NASDAQ MU traded down $2.25 on Thursday, reaching $1,062.86. The company had a trading volume of 23,422,756 shares, compared to its average volume of 41,838,383. Micron Technology, Inc. has a 52 week low of $179.61 and a 52 week high of $1,255.00. The stock’s 50 day moving average is $952.75 and its 200-day moving average is $814.16. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.20 trillion, a price-to-earnings ratio of 24.02, a PEG ratio of 0.67 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping analysts’ consensus estimates of $31.72 by $1.70. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. During the same period last year, the firm posted $3.03 earnings per share. The business’s quarterly revenue 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. Equities analysts predict that Micron Technology, Inc. will post 73.12 earnings per share for the current 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 given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is currently 1.36%.

More Micron Technology News

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

• Positive Sentiment: Micron reported fiscal Q4 revenue of $54.23 billion, up 379% year over year, and adjusted EPS of $33.42, exceeding Wall Street estimates. Strong DRAM, NAND and high-bandwidth memory (HBM) demand—particularly from AI data centers—drove record sales and an 87% gross margin. Micron Q4 Earnings Beat Estimates
• Positive Sentiment: Management forecast fiscal Q1 2027 revenue of $60 billion to $63 billion and EPS of $37.15 to $39.15, above consensus expectations. The outlook suggests AI infrastructure demand and elevated memory pricing will remain strong. Micron Forecasts Quarterly Revenue Above Estimates
• Positive Sentiment: Supply is expected to remain constrained through at least 2028, with more than 75% of next year’s output already committed. Micron also has 26 strategic customer agreements covering more than 35% of projected revenue through 2030, improving visibility into future earnings and cash flow. MU Q4 Earnings Call Points to Tighter Supply
• Positive Sentiment: Analysts raised price targets following the report, including D.A. Davidson at $2,100, Cantor Fitzgerald at $2,000, Rosenblatt at $1,900, TD Cowen at $1,600 and RBC at $1,500, while maintaining bullish ratings.
• Neutral Sentiment: Micron plans roughly $25 billion in capital expenditures, including nearly $12 billion in the next quarter, to expand capacity. The investment supports long-term growth but could limit near-term free cash flow. Micron Q4 Favorable Outlook
• Negative Sentiment: The stock’s extremely strong prior rally has raised the performance bar. Investors may be selling because the earnings beat and guidance, while excellent, were not large enough to exceed lofty expectations. Concerns also include cyclical memory pricing, potential margin normalization and whether today’s supply shortage can persist as new capacity comes online. Why Micron’s Big Earnings Report Isn’t Lifting the Stock

Insider Buying and Selling at Micron Technology

In other news, CAO Scott Allen sold 879 shares of Micron Technology stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the sale, 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 at the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the sale, the executive vice president directly owned 191,021 shares in the company, valued at $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. In the last quarter, insiders have sold 95,879 shares of company stock worth $90,939,466. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Company Profile

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.