Micron Technology, Inc. $MU Stock: ZWJ Investment Counsel Inc. Reduces Holdings

ZWJ Investment Counsel Inc. reduced its position in Micron Technology, Inc. (NASDAQ:MU) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 145,466 shares of the semiconductor manufacturer’s stock after selling 7,350 shares during the quarter. Micron Technology comprises about 4.4% of ZWJ Investment Counsel Inc.’s investment portfolio, making the stock its 3rd biggest position. ZWJ Investment Counsel Inc.’s holdings in Micron Technology were worth $154,938,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Martel Wealth Advisors LLC purchased a new position in shares of Micron Technology in the 3rd quarter worth about $430,000. Mather Group LLC. lifted its stake in shares of Micron Technology by 47.5% in the 3rd quarter. Mather Group LLC. now owns 13,103 shares of the semiconductor manufacturer’s stock valued at $13,956,000 after purchasing an additional 4,220 shares in the last quarter. Hudock Inc. lifted its stake in shares of Micron Technology by 18.1% in the 3rd quarter. Hudock Inc. now owns 398 shares of the semiconductor manufacturer’s stock valued at $424,000 after purchasing an additional 61 shares in the last quarter. West Wealth Group LLC grew its holdings in shares of Micron Technology by 28,561.4% during the 3rd quarter. West Wealth Group LLC now owns 167,669 shares of the semiconductor manufacturer’s stock worth $178,586,000 after purchasing an additional 167,084 shares during the period. Finally, Fortune 45 LLC purchased a new stake in shares of Micron Technology during the 3rd quarter worth about $1,085,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron’s fundamentals remain strong: fiscal fourth-quarter revenue increased approximately 379% year over year to $54.23 billion, while earnings exceeded analyst expectations. The company also has more than 75% of fiscal 2027 output covered by customer commitments, improving visibility through the next cycle. A Chinese Rival Just Spooked Memory Stocks
• Positive Sentiment: Micron’s board authorized roughly $35 billion in share repurchases, potentially supporting per-share earnings and signaling confidence in future cash generation. The company has also reduced concentration risk, with no customer accounting for at least 10% of fiscal 2026 revenue. Micron’s Buybacks
• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and assigned a $1,900 price target, while Erste Group raised its fiscal 2027 earnings forecast to $173.31 per share. Elon Musk also praised Micron’s approach to future memory pricing as customer-friendly. Rosenblatt Reaffirms Buy Rating
• Neutral Sentiment: Micron will distribute approximately $169.7 million in dividends on October 29. The payout provides shareholder support but is unlikely to outweigh broader concerns about the semiconductor sector. Micron Dividend Payout
• Negative Sentiment: China’s ChangXin Memory Technologies reportedly made progress on a denser DRAM design aimed at server memory. Although commercial-scale production and yields remain unproven, investors fear CXMT could pressure pricing and margins over time. Micron Stock Slides Again
• Negative Sentiment: The broader AI-stock sell-off has intensified as investors question who can finance continued data-center infrastructure spending. Hotter inflation and weakness across Nvidia, AMD, Samsung and SK Hynix are adding sector-wide selling pressure. AI Stocks Face a New Reality
• Negative Sentiment: Investors are also questioning whether Micron’s exceptional earnings represent a cyclical peak, particularly because high-bandwidth memory remains a relatively small portion of total revenue. Potential labor disruption at a Taiwan facility and ongoing concerns about industry oversupply add further risk.

Analysts Set New Price Targets

A number of research firms recently issued reports on MU. HSBC increased their target price on shares of Micron Technology from $1,100.00 to $1,700.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2,000.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Raymond James Financial reaffirmed an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Wedbush reiterated an “outperform” rating and set a $1,400.00 price objective on shares of Micron Technology in a research note on Monday, September 28th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,407.88.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,879 shares of company stock worth $90,939,466 in the last 90 days. 0.24% of the stock is owned by company insiders.

Micron Technology Trading Down 4.1%

Shares of MU opened at $914.13 on Thursday. The stock’s 50-day moving average is $984.86 and its two-hundred day moving average is $857.08. The stock has a market cap of $1.03 trillion, a PE ratio of 12.32, a P/E/G ratio of 0.17 and a beta of 2.22. Micron Technology, Inc. has a 12 month low of $187.42 and a 12 month high of $1,255.00. 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 (NASDAQ:MU) last issued its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the prior year, the business earned $3.03 earnings per share. The company’s 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 forecast 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. 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 payout ratio is 0.81%.

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.