Micron Technology, Inc. $MU Stock Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its position in Micron Technology, Inc. (NASDAQ:MU) by 11.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 377,993 shares of the semiconductor manufacturer’s stock after selling 48,984 shares during the quarter. Micron Technology makes up 1.2% of Retirement Systems of Alabama’s portfolio, making the stock its 15th biggest position. Retirement Systems of Alabama’s holdings in Micron Technology were worth $402,604,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Palacios Wealth Management LLC lifted its position in Micron Technology by 17.3% during the third quarter. Palacios Wealth Management LLC now owns 1,546 shares of the semiconductor manufacturer’s stock valued at $1,647,000 after buying an additional 228 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Micron Technology in the 3rd quarter worth about $215,000. Joseph Group Capital Management grew its position in shares of Micron Technology by 11.4% in the 3rd quarter. Joseph Group Capital Management now owns 390 shares of the semiconductor manufacturer’s stock worth $415,000 after buying an additional 40 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Micron Technology by 9.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 557,658 shares of the semiconductor manufacturer’s stock worth $611,969,000 after buying an additional 50,015 shares during the period. Finally, rebel Financial LLC bought a new position in shares of Micron Technology in the 3rd quarter worth about $221,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Memory and storage stocks recovered after a sharp post-midterm sell-off, helping lift Micron. Some investors pointed to its comparatively low earnings multiple and potential buyback capacity as reasons for optimism. Micron Technology climbs amid broad tech rally
• Positive Sentiment: Recent coverage highlighted strong fundamentals: Micron’s latest quarterly revenue rose 379% year over year, and reports cited 26 take-or-pay customer agreements representing $32 billion in commitments, which could improve earnings visibility. Micron’s take-or-pay agreements
• Neutral Sentiment: Some analysts argue that fears of memory-chip competition may be overstated, while others see Micron’s recent decline as a potentially attractive entry point. These are opinions rather than new company results. Micron stock and competition concerns
• Negative Sentiment: Investors remain concerned that local opposition and restrictions on data-center projects could slow AI infrastructure spending—and, in turn, demand for memory. Those fears helped trigger last week’s sell-off. Why Micron stock gained on Monday
• Negative Sentiment: A separate report said construction of a new Micron memory plant in Taiwan was paused amid a labor dispute. If prolonged, the delay could affect capacity plans, although the article did not quantify the potential impact. Micron Taiwan plant construction halt

Micron Technology Trading Up 6.3%

NASDAQ:MU opened at $733.15 on Tuesday. The company’s 50 day moving average price is $957.60 and its 200-day moving average price is $756.71. Micron Technology, Inc. has a 52 week low of $192.59 and a 52 week high of $1,255.00. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The stock has a market cap of $829.50 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 0.14 and a beta of 2.36.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share 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 company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter last year, the firm earned $3.03 earnings per share. The firm’s quarterly 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. On average, equities research analysts forecast that Micron Technology, Inc. will post 175.19 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on MU shares. William Blair set a $1,300.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Wedbush restated an “outperform” rating and issued a $1,400.00 price objective on shares of Micron Technology in a report on Monday, September 28th. KeyCorp restated an “overweight” rating on shares of Micron Technology in a report on Thursday, October 1st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Sanford C. Bernstein reiterated an “outperform” rating 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 given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,407.88.

Insiders Place Their Bets

In other 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 completion of the transaction, the executive vice president owned 191,021 shares in the company, valued at $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 available through this link. Also, insider Scott Deboer sold 28,545 shares of the company’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the transaction, the insider directly owned 147,430 shares in the company, valued at approximately $132,687,000. The trade was a 16.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 83,545 shares of company stock valued at $78,460,850. Corporate insiders own 0.24% of the company’s stock.

About Micron Technology

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.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into a global technology company with operations and customers across multiple regions.