Westpac Banking Corp Buys 16,509 Shares of Micron Technology, Inc. $MU

Westpac Banking Corp lifted its position in Micron Technology, Inc. (NASDAQ:MU) by 251.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,086 shares of the semiconductor manufacturer’s stock after acquiring an additional 16,509 shares during the quarter. Westpac Banking Corp’s holdings in Micron Technology were worth $3,863,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Orleans Capital Management Corp LA purchased a new position in shares of Micron Technology during the 2nd quarter valued at $256,000. iA Global Asset Management Inc. boosted its stake in Micron Technology by 18.7% during the third quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer’s stock valued at $24,578,000 after buying an additional 23,117 shares during the period. Cary Street Partners Financial LLC grew its position in Micron Technology by 25.0% during the second quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock worth $3,221,000 after buying an additional 5,233 shares in the last quarter. Wealthspire Advisors LLC increased its stake in Micron Technology by 27.8% in the 2nd quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock worth $1,818,000 after acquiring an additional 3,208 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its holdings in shares of Micron Technology by 9.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer’s stock valued at $15,962,000 after acquiring an additional 8,489 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Insider Transactions at Micron Technology

In other news, Director Teyin M. Liu acquired 11,600 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were purchased at an average price of $337.07 per share, for a total transaction of $3,910,012.00. Following the completion of the transaction, the director owned 14,310 shares of the company’s stock, valued at $4,823,471.70. The trade was a 428.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sumit Sadana sold 25,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the transaction, the executive vice president directly owned 248,021 shares of the company’s stock, valued at approximately $106,621,747.69. This trade represents a 9.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have purchased 23,200 shares of company stock valued at $7,821,723 and have sold 73,623 shares valued at $27,307,408. Company insiders own 0.24% of the company’s stock.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $429.00 on Thursday. The stock has a market cap of $482.84 billion, a PE ratio of 40.78 and a beta of 1.52. The company’s fifty day moving average is $362.73 and its 200 day moving average is $249.11. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $455.50. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

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

Micron Technology Announces Dividend

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

Micron Technology News Roundup

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

• Positive Sentiment: Micron is ramping a US$200 billion U.S. buildout to expand memory capacity for AI workloads, a major capital commitment that supports long-term revenue, domestic supply assurance, and pricing power. Micron Ramps US$200b US Buildout As AI Demand Tests Valuation
• Positive Sentiment: Analysts note tight HBM supply and strong demand for AI accelerators, which is improving Micron’s pricing power and margins versus peers — a direct earnings tailwind if the dynamics continue. Micron vs Oracle: One AI Stock Is a Clear Buy Right Now
• Positive Sentiment: Multiple outlets highlight Micron’s outperformance among semiconductor names and sustained analyst optimism — sentiment that can attract momentum flows and analyst upgrades. How Is Micron Technology’s Stock Performance Compared to Other Semiconductor Stocks
• Positive Sentiment: Market commentators point to a technical breakout and continuation of the rally tied to Micron’s role as an HBM supplier, with upside scenarios well above current levels if momentum persists. 5 Hot Buys Ready to Spring Higher in March (Micron section)
• Positive Sentiment: Investor pieces argue Micron remains reasonably valued despite a multi-hundred-percent run, noting forecasted revenue that could exceed entire prior-year figures if memory demand stays elevated. This supports a buy case for longer-term investors. Up Over 300%, Should You Buy Micron Stock Right Now?
• Neutral Sentiment: Micron has scheduled its fiscal Q2 earnings call for March 18, 2026 — a near-term catalyst that could materially move the stock depending on revenue, margin and guidance commentary. Micron Technology to Report Fiscal Second Quarter Results on March 18, 2026
• Negative Sentiment: Coverage about Micron trading near record highs has raised the profittaking question — elevated valuations and talk of cashing out can increase short-term volatility and pullbacks if investor sentiment shifts. Micron Stock Trades Near Record High — Cash Out or Hold On?

Analysts Set New Price Targets

Several research analysts have recently commented on MU shares. KeyCorp boosted their price objective on Micron Technology from $325.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Cantor Fitzgerald lifted their target price on shares of Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Susquehanna increased their price target on shares of Micron Technology from $200.00 to $300.00 and gave the stock a “positive” rating in a report on Monday, December 8th. UBS Group raised their price objective on shares of Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Finally, Citigroup upped their target price on shares of Micron Technology from $330.00 to $385.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Six research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $358.38.

Micron Technology Company 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.