Mitchell Mcleod Pugh & Williams Inc. Buys Shares of 1,340 Micron Technology, Inc. $MU

Mitchell Mcleod Pugh & Williams Inc. bought a new stake in Micron Technology, Inc. (NASDAQ:MU) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,340 shares of the semiconductor manufacturer’s stock, valued at approximately $224,000.

Other hedge funds have also recently made changes to their positions in the company. First Command Advisory Services Inc. raised its position in Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 153 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Micron Technology during the third quarter worth $27,000. Howard Hughes Medical Institute acquired a new stake in shares of Micron Technology in the second quarter valued at $30,000. AlphaQuest LLC raised its holdings in shares of Micron Technology by 13,250.0% in the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 265 shares during the period. Finally, WealthCollab LLC raised its holdings in shares of Micron Technology by 4,500.0% in the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 270 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of Micron Technology stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total value of $28,389,060.00. Following the transaction, the chief financial officer directly owned 219,693 shares in the company, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 22,500 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the completion of the sale, the chief executive officer directly owned 446,578 shares of the company’s stock, valued at $98,568,696.16. The trade was a 4.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 287,500 shares of company stock worth $65,892,908. Corporate insiders own 0.24% of the company’s stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Multiple major analysts raised ratings/targets (TD Cowen to $450, Stifel to $360, Rosenblatt buy with $500 target), boosting buy-side conviction and arguing more upside based on AI memory demand and recent results. TD Cowen Increases Micron Technology (NASDAQ:MU) Price Target to $450.00
• Positive Sentiment: Micron’s strong quarterly results and guidance (big revenue and EPS beats; robust gross margins) reinforce the narrative of an AI-driven memory supercycle and justify higher valuations. Micron (MU) Stock: Wall Street Eyes $450 Target After Record Quarter
• Positive Sentiment: Micron agreed to buy a $1.8B chip fab in Taiwan (Powerchip P5 site), a tactical move to lock in capacity and shorten lead time — seen as securing supply and pricing power for AI customers. That M&A action has been a key reason investors are bullish. Why is Micron stock surging nearly 7% on Wednesday?
• Positive Sentiment: Company executives publicly flagged an “unprecedented” memory shortage and 100% sell-through to AI leaders, supporting near-term pricing and revenue visibility for DRAM/NAND. CEO Sanjay Mehrotra emphasized memory as a key enabler for AI and long lead times to expand capacity. Micron CEO Calls Memory ‘Key Enabler’ Of AI As It Tackles ‘Long Lead Time’ To Address Chip Shortage
• Neutral Sentiment: Shareholders approved leadership and governance changes at the annual meeting — procedural impact only, but removes a governance overhang. Micron Shareholders Back Leadership, Governance Changes at Meeting
• Neutral Sentiment: Technical/trading signals (Power Inflow alerts) and heavy media coverage are amplifying short-term momentum; these are trader-driven flows rather than fundamental changes. Micron Technology Shares Up Over 2% Following Key Trading Signal
• Negative Sentiment: Short interest has grown materially, indicating some investors expect a pullback or are hedging — higher shorts can amplify volatility on any negative news. Micron Technology, Inc. (NASDAQ:MU) Sees Large Growth in Short Interest
• Negative Sentiment: Extensive insider selling has been reported (many executives sold large blocks), which some investors view as a red flag even as a few insiders bought — watch insider activity for sentiment signals. Micron Technology Stock (MU) Opinions on AI Memory Demand and Taiwan Acquisition
• Negative Sentiment: Analysis pieces flag “capex risk” — aggressive spending to expand fabs could pressure free cash flow and margins if demand normals sooner than expected. This is a longer-term risk investors are debating. Micron: Peak Cycle Margins And Unprecedented Capex Risk

Micron Technology Stock Up 6.6%

MU stock opened at $389.11 on Thursday. The stock has a market cap of $437.95 billion, a P/E ratio of 36.99 and a beta of 1.50. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $394.20. The company’s 50 day moving average is $275.45 and its two-hundred day moving average is $197.54.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. The firm had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. Micron Technology’s quarterly revenue was up 56.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th were given a dividend of $0.115 per share. The ex-dividend date was Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 4.37%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays raised their target price on Micron Technology from $275.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, January 16th. KeyCorp upped their price objective on Micron Technology from $325.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Royal Bank Of Canada initiated coverage on Micron Technology in a research report on Thursday, January 15th. They issued an “outperform” rating and a $425.00 price target on the stock. Wedbush set a $320.00 target price on shares of Micron Technology in a report on Thursday, December 18th. Finally, Citigroup lifted their price target on shares of Micron Technology from $330.00 to $385.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $340.79.

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.