Micron Technology, Inc. $MU Shares Sold by Philadelphia Trust Co.

Philadelphia Trust Co. cut its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 45.6% during the third quarter, HoldingsChannel.com reports. The firm owned 835 shares of the semiconductor manufacturer’s stock after selling 700 shares during the period. Philadelphia Trust Co.’s holdings in Micron Technology were worth $889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of MU. Andar Capital Management HK Ltd boosted its stake in Micron Technology by 856,960.3% during 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 buying an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA bought a new stake in Micron Technology in the 2nd quarter valued at $22,182,263,000. Bank of America Corp DE increased its holdings in Micron Technology by 26.6% in the 2nd 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 buying an additional 2,136,470 shares during the period. Legal & General Group Plc bought a new stake in Micron Technology in the 2nd quarter valued at $8,402,393,000. Finally, Wellington Management Group LLP raised its stake in shares of Micron Technology by 28.7% in the 2nd quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock valued at $5,823,556,000 after buying an additional 1,125,414 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MU shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Raymond James Financial reiterated an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. President Capital upped their target price on shares of Micron Technology to $1,500.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Susquehanna reissued a “positive” rating on shares of Micron Technology in a research report on Thursday, October 1st. Finally, William Blair set a $1,300.00 price target on 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 issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Key Micron Technology News

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

Insider Buying and Selling at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott J. Deboer sold 28,545 shares of the firm’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the completion of the transaction, the insider directly owned 147,430 shares of the company’s stock, valued at $132,687,000. This represents a 16.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 83,545 shares of company stock worth $78,460,850 over the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Micron Technology Trading Down 1.1%

NASDAQ MU opened at $725.11 on Wednesday. The stock has a market capitalization of $820.40 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.13 and a beta of 2.36. Micron Technology, Inc. has a 52 week low of $192.59 and a 52 week high of $1,255.00. The stock’s 50 day moving average price is $952.93 and its two-hundred day moving average price is $758.35. 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 (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same period in the previous year, the business earned $3.03 EPS. 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. As a group, analysts anticipate that Micron Technology, Inc. will post 175.22 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 14th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio is 0.81%.

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.