Micron Technology, Inc. $MU Stock Acquired by Ninety One UK Ltd

Ninety One UK Ltd raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 15,818.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 68,133 shares of the semiconductor manufacturer’s stock after purchasing an additional 67,705 shares during the period. Ninety One UK Ltd’s holdings in Micron Technology were worth $72,569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MU. Bullseye Investment Management LLC bought a new position in shares of Micron Technology during the second quarter valued at $27,000. Aventus Investment Advisors Inc. purchased a new stake in shares of Micron Technology during the third quarter valued at $30,000. Steph & Co. bought a new stake in Micron Technology in the 3rd quarter worth about $31,000. Montgomery Financial Services LLC bought a new stake in Micron Technology in the 2nd quarter worth about $38,000. Finally, JNBA Financial Advisors raised its position in Micron Technology by 77.3% in the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock worth $45,000 after buying an additional 17 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Up 1.9%

Micron Technology stock opened at $931.24 on Friday. The stock has a market cap of $1.05 trillion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. Micron Technology, Inc. has a one year low of $192.40 and a one year high of $1,255.00. The stock has a fifty day moving average of $985.86 and a 200 day moving average of $861.12.

Micron Technology (NASDAQ:MU) last posted its earnings results 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. The company had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. Micron Technology’s revenue was up 379.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.03 earnings per share. 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 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders 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 dividend yield of 0.1%. Micron Technology’s dividend payout ratio is presently 0.81%.

Insider Activity

In related news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the transaction, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’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 completion of the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 95,879 shares of company stock valued at $90,939,466 in the last quarter. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. Argus decreased their price objective on shares of Micron Technology from $1,500.00 to $540.00 and set a “buy” rating for the company in a report on Thursday, June 25th. CLSA reissued an “outperform” rating and set a $1,700.00 price objective on shares of Micron Technology in a report on Friday, October 2nd. Morgan Stanley restated an “overweight” rating and set a $1,200.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $1,500.00 target price on shares of Micron Technology in a report 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 given a Hold rating to the company. Based on data from MarketBeat, Micron Technology presently has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron’s fundamental outlook remains strong. Fiscal 2026 revenue reportedly rose 256% to $133.2 billion, while tight DRAM and HBM supply is supporting significant margin expansion. The company is also accelerating construction of new fabs in Idaho and New York to increase capacity. Prediction: This Is What $2,000 Invested in Micron Stock Today Could Be Worth by 2029
• Positive Sentiment: Micron has signed 26 strategic customer agreements with pricing frameworks, helping reduce the traditional memory cycle risk. Its diversified customer base also means no single customer represented at least 10% of fiscal 2026 revenue. Micron’s Customer Contracts Just Took the Memory Cycle Off the Table
• Positive Sentiment: Analysts and commentators continue to identify MU as a buy-the-dip opportunity, citing AI-driven revenue growth, expanding margins and a lower valuation than some peers. Erste Group also raised its FY2027 earnings estimate, while Rosenblatt reaffirmed a Buy rating.
• Positive Sentiment: Elon Musk praised Micron’s approach to future memory pricing, and strong demand for AI infrastructure is expected to support high-value HBM shipments. ASML’s reported order backlog through 2030 also reinforces the long-term equipment and HBM demand outlook. ASML Just Delivered Excellent News for Micron Stock Investors
• Neutral Sentiment: Micron’s market capitalization is trailing several large companies, including Eli Lilly and Berkshire Hathaway, highlighting both the stock’s substantial rally and the possibility that investors are reassessing its valuation after recent volatility.
• Negative Sentiment: The principal overhang is China’s ChangXin Memory Technologies (CXMT), which is advancing in DDR5, LPDDR5X and server-memory products. Investors fear that Chinese competition could pressure prices and margins, although analysts note CXMT currently appears more competitive in lower-end memory than in Micron’s premium HBM products.
• Negative Sentiment: A broader AI and semiconductor sell-off, concerns about a possible memory oversupply by 2029, higher inflation and potential interest-rate increases have contributed to recent selling. Cathie Wood’s warning that memory-chip cycles remain “vicious” underscores the risk that today’s exceptional profits may not persist.

Micron Technology 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.