Micron Technology, Inc. $MU Stock Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 1.8% in the third quarter, Holdings Channel reports. The institutional investor owned 66,498 shares of the semiconductor manufacturer’s stock after selling 1,195 shares during the quarter. Micron Technology comprises approximately 0.9% of Crossmark Global Holdings Inc.’s holdings, making the stock its 17th largest position. Crossmark Global Holdings Inc.’s holdings in Micron Technology were worth $70,828,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new position in Micron Technology in the first quarter worth approximately $27,000. Bullseye Investment Management LLC acquired a new stake in Micron Technology during the second quarter worth $27,000. Aventus Investment Advisors Inc. acquired a new stake in Micron Technology during the third quarter worth $30,000. Steph & Co. purchased a new stake in Micron Technology in the third quarter valued at $31,000. Finally, Financial Life Planners purchased a new stake in Micron Technology in the first quarter valued at $36,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on MU shares. Mizuho upped their price target on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, October 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $2,000.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Argus cut their price objective on Micron Technology from $1,500.00 to $540.00 and set a “buy” rating for the company in a research report on Thursday, June 25th. BMO Capital Markets restated an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, Arete Research upped their target price on shares of Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Micron Technology presently has a consensus rating of “Moderate Buy” and an average target price of $1,407.88.

Insiders Place Their Bets

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction 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 represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the 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 represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 123,545 shares of company stock worth $115,750,966 over the last three months. Company insiders own 0.24% of the company’s stock.

Micron Technology Trading Up 2.0%

Shares of NASDAQ MU opened at $913.67 on Thursday. Micron Technology, Inc. has a twelve month low of $192.40 and a twelve month high of $1,255.00. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $987.36 and a 200-day simple moving average of $876.61. The stock has a market capitalization of $1.03 trillion, a PE ratio of 12.31, a PEG ratio of 0.16 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) 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 firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same quarter in the prior year, the company earned $3.03 EPS. Micron Technology’s revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities analysts forecast that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be paid a dividend of $0.15 per share. 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 is 0.81%.

Trending Headlines about Micron Technology

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

• Positive Sentiment: At its technology presentation, Micron highlighted progress in DRAM, high-bandwidth memory (HBM), NAND and next-generation 3D DRAM. New products planned for 2027 and growing AI-related demand reinforce the company’s position as a key supplier to data-center and high-performance-computing customers. Micron AI-era technology presentation
• Positive Sentiment: ASML said semiconductor and memory demand could exceed supply through at least 2028. That outlook supports the bullish case for continued pricing power, elevated margins and strong demand for Micron’s memory products. ASML demand outlook
• Positive Sentiment: Recent results remain a major catalyst: Micron reported $33.42 in quarterly EPS versus a $31.77 estimate, while revenue rose 379.1% year over year. Management’s next-quarter guidance and analysts’ expectations for continued supply tightness are supporting confidence in further earnings growth.
• Positive Sentiment: Micron reached a labor-management agreement with one Taiwan union, reducing some immediate disruption risk. The company also invested in U.S. indium and critical-materials processing to strengthen supplies for advanced memory manufacturing. Micron Taiwan union agreement
• Neutral Sentiment: Institutional buying and approximately $326.9 million in reported ETF inflows point to continued investor demand, although Micron’s more than 200% year-to-date rally has increased profit-taking risk. Micron ETF buying
• Negative Sentiment: A separate Taiwan union has threatened a strike over bonuses, creating a risk of higher labor costs or production delays. In addition, an insider sold 28,545 shares for about $25.7 million, while investors remain concerned that new capacity, Chinese competitor CXMT and stretched AI valuations could eventually pressure pricing and margins. Micron insider sale

Micron Technology Company 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.