Micron Technology, Inc. $MU Stock: Parametrica Management Ltd Lowers Stake

Parametrica Management Ltd cut its holdings in Micron Technology, Inc. (NASDAQ:MU) by 43.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 11,481 shares of the semiconductor manufacturer’s stock after selling 8,868 shares during the quarter. Micron Technology accounts for 8.6% of Parametrica Management Ltd’s investment portfolio, making the stock its 3rd biggest holding. Parametrica Management Ltd’s holdings in Micron Technology were worth $12,229,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of MU. Gibbs Wealth Management lifted its position in Micron Technology by 52.7% in the 3rd quarter. Gibbs Wealth Management now owns 6,041 shares of the semiconductor manufacturer’s stock valued at $6,435,000 after acquiring an additional 2,085 shares in the last quarter. Denali Advisors LLC acquired a new position in Micron Technology during the 2nd quarter valued at about $7,364,000. Castleark Management LLC bought a new stake in Micron Technology during the 1st quarter worth approximately $3,709,000. Oppenheimer & Co. Inc. increased its holdings in Micron Technology by 16.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after purchasing an additional 6,702 shares in the last quarter. Finally, Legacy Wealth Management LLC MS increased its holdings in Micron Technology by 73.3% during the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after purchasing an additional 1,499 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MU has been the topic of a number of recent research reports. Zacks Research upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. UBS Group reaffirmed a “buy” rating and set a $1,625.00 target price (up from $535.00) on shares of Micron Technology in a research report on Wednesday, September 23rd. Citigroup upped their price target on Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Wells Fargo & Company lowered their price target on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating for the company in a research report on Wednesday, September 23rd. Finally, Robert W. Baird increased their price target on Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a research report on Monday, September 28th. One research 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,407.88.

Insider Activity at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was 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. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value 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. This represents a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 83,545 shares of company stock valued at $78,460,850. 0.24% of the stock is owned by insiders.

Micron Technology Trading Up 5.9%

Shares of MU stock opened at $983.23 on Thursday. Micron Technology, Inc. has a 52-week low of $192.59 and a 52-week high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The company has a 50-day simple moving average of $980.53 and a two-hundred day simple moving average of $738.88. The company has a market capitalization of $1.11 trillion, a price-to-earnings ratio of 13.25, a PEG ratio of 0.15 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 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 during the quarter, compared to analyst estimates of $51.33 billion. During the same quarter last year, the business posted $3.03 EPS. The company’s revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Research analysts anticipate that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be issued a $0.15 dividend. 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 currently 0.81%.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: SK Hynix points to sustained shortages. The South Korean memory maker reported a 632% year-over-year increase in operating profit and said its DRAM and high-bandwidth memory (HBM) capacity is effectively sold out through 2029. Management expects demand to exceed supply through 2030, a bullish read-through for Micron’s AI-focused HBM and broader DRAM businesses. Micron Stock Rises as SK Hynix Says DRAM and HBM Sold Out Through 2029
• Positive Sentiment: Micron’s own results show powerful momentum. The company recently reported quarterly revenue of $54.23 billion, up 379% from the prior year, and earnings of $33.42 per share, beating estimates. Its Q1 fiscal 2027 EPS guidance of $37.15 to $39.15 provides further evidence that the memory upcycle remains strong. Why Micron Stock Is Up Today
• Positive Sentiment: Valuation remains attractive to some investors. Articles note that Micron trades at a forward P/E below 6 after retreating from its June peak, while analysts and commentators including Jim Cramer view MU as a potential major beneficiary of the AI memory boom.
• Neutral Sentiment: Additional demand catalysts are emerging. Forecasts that robotics and physical AI could require substantially more memory support Micron’s long-term growth case, although these opportunities remain speculative and are not yet a material revenue driver.
• Negative Sentiment: Investors still face cyclical and valuation risks. Memory shortages can eventually reverse, potentially pressuring prices and profits. Micron’s recent pullback, elevated volatility, and close trading correlation with SK Hynix also leave the stock vulnerable if AI spending or supply-demand conditions weaken.

Micron Technology 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.