Micron Technology, Inc. $MU Position Boosted by Keybank National Association OH

Keybank National Association OH increased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 4.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,437 shares of the semiconductor manufacturer’s stock after buying an additional 887 shares during the period. Keybank National Association OH’s holdings in Micron Technology were worth $23,898,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC raised its stake in shares of Micron Technology by 5.5% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 5,475 shares of the semiconductor manufacturer’s stock worth $5,831,000 after buying an additional 283 shares during the period. Triton Wealth Management PLLC grew its stake in Micron Technology by 6.7% in the 3rd quarter. Triton Wealth Management PLLC now owns 990 shares of the semiconductor manufacturer’s stock valued at $1,054,000 after acquiring an additional 62 shares during the period. D.B. Root & Company LLC increased its holdings in Micron Technology by 6.3% in the 3rd quarter. D.B. Root & Company LLC now owns 2,894 shares of the semiconductor manufacturer’s stock worth $3,082,000 after acquiring an additional 171 shares in the last quarter. D Orazio & Associates Inc. increased its holdings in Micron Technology by 17.6% in the 3rd quarter. D Orazio & Associates Inc. now owns 2,597 shares of the semiconductor manufacturer’s stock worth $2,766,000 after acquiring an additional 388 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. increased its holdings in Micron Technology by 2,463.7% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 6,076 shares of the semiconductor manufacturer’s stock worth $6,472,000 after acquiring an additional 5,839 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on MU shares. President Capital upped their price objective on shares of Micron Technology to $1,500.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. BMO Capital Markets reiterated an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $2,000.00 target price on shares of Micron Technology in a research report on Thursday, October 1st. Itau BBA Securities boosted their target price on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $1,650.00 price target on shares of Micron Technology in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

Recent Micron Technology Headlines

Investors following MU have been watching these headlines:

• Positive Sentiment: CoreWeave strengthened the AI-demand outlook. The data-center company beat expectations and raised its 2026 revenue outlook; its CEO said demand for AI infrastructure exceeds available capacity. Because CoreWeave buys Micron’s memory chips, the news eased fears of slowing customer demand. Article: Micron Stock Jumps as CoreWeave Outlook Eases AI Spending Fears
• Positive Sentiment: AI-related business ties drew attention. Micron is among suppliers participating in Anthropic’s private placement, a development that may deepen its relationship with a major AI customer. Article: Micron Stocks Jump as Memory Rebound Meets Anthropic Placement
• Negative Sentiment: Cyclical and spending concerns remain. MU’s steep recent sell-off reflects investor worry that AI data-center investment could cool and that memory pricing and profits may eventually turn down. Those risks could limit the rebound if demand expectations weaken. Article: Is the Micron Sell-Off a Buying Opportunity or a Falling Knife?

Insider Transactions at Micron Technology

In related news, insider Scott J. Deboer sold 28,545 shares of the company’s stock in a transaction dated 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 sale, the insider owned 147,430 shares of the company’s stock, valued at approximately $132,687,000. This represents a 16.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were 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 of the company’s stock, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 83,545 shares of company stock valued at $78,460,850. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Stock Up 11.9%

Shares of MU opened at $811.30 on Thursday. 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 $192.59 and a one year high of $1,255.00. The stock has a market capitalization of $917.92 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 0.13 and a beta of 2.36. The stock has a 50 day moving average price of $950.48 and a 200 day moving average price of $760.41.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $51.33 billion. During the same quarter last year, the firm posted $3.03 EPS. The firm’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. Equities research analysts forecast that Micron Technology, Inc. will post 175.22 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Micron Technology Company 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.