Maryland State Retirement & Pension System grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 30.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,901 shares of the semiconductor manufacturer’s stock after purchasing an additional 18,276 shares during the period. Micron Technology makes up about 1.3% of Maryland State Retirement & Pension System’s holdings, making the stock its 11th largest position. Maryland State Retirement & Pension System’s holdings in Micron Technology were worth $84,038,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Andar Capital Management HK Ltd lifted its stake in shares of Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock valued at $39,571,847,000 after purchasing an additional 34,278,413 shares during the period. Primecap Management Co. CA acquired a new position in Micron Technology during the second quarter worth about $22,182,263,000. Bank of America Corp DE grew its position in Micron Technology by 26.6% during the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock worth $11,744,621,000 after buying an additional 2,136,470 shares during the period. Legal & General Group Plc acquired a new position in Micron Technology during the second quarter worth about $8,402,393,000. Finally, Wellington Management Group LLP increased its holdings in Micron Technology by 28.7% in the second 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 owned by institutional investors and hedge funds.
Key Headlines Impacting Micron Technology
Here are a few of the latest headlines about MU:
- 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
- Neutral Sentiment: Analyst opinions are mixed. While Goldman is bullish on Micron’s valuation, it reportedly sees better value in some memory rivals. Bank of America also removed MU from its top-picks list, though it kept a Buy rating. Article: Micron Is Rebounding. Goldman Prefers These Memory Stocks
Insider Buying and Selling
In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction on 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 transaction, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Scott J. Deboer sold 28,545 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $900.00, for a total value of $25,690,500.00. Following the sale, the insider owned 147,430 shares in the company, valued at $132,687,000. This trade represents a 16.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 83,545 shares of company stock worth $78,460,850. 0.24% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research firms have recently issued reports on MU. Seaport Research Partners reiterated a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. President Capital lifted their price objective on Micron Technology to $1,500.00 and gave the stock a “buy” rating in a report on Friday, July 17th. UBS Group reaffirmed a “buy” rating and set a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. William Blair set a $1,300.00 target price on Micron Technology in a research report on Thursday, October 1st. Finally, Mizuho upped their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a report 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 assigned a Hold rating to the company. According to MarketBeat.com, Micron Technology has a consensus rating of “Moderate Buy” and a consensus price target of $1,407.88.
Micron Technology Stock Up 11.9%
Shares of NASDAQ MU opened at $811.30 on Thursday. Micron Technology, Inc. has a 12-month low of $192.59 and a 12-month high of $1,255.00. The company has a market capitalization of $917.92 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.13 and a beta of 2.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The firm’s 50-day moving average is $950.48 and its two-hundred day moving average is $760.41.
Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings results 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 business had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same period in the prior year, the business earned $3.03 earnings per share. The company’s quarterly 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. Equities analysts anticipate that Micron Technology, Inc. will post 175.22 EPS for the current fiscal year.
Micron Technology Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 14th were paid 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 dividend yield of 0.1%. Micron Technology’s dividend payout ratio is presently 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.
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