Micron Technology, Inc. $MU Shares Sold by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 4.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 145,466 shares of the semiconductor manufacturer’s stock after selling 7,350 shares during the quarter. Micron Technology comprises approximately 4.4% of ZWJ Investment Counsel Inc.’s investment portfolio, making the stock its 3rd largest holding. ZWJ Investment Counsel Inc.’s holdings in Micron Technology were worth $154,938,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MU. Martel Wealth Advisors LLC purchased a new position in Micron Technology in the third quarter valued at about $430,000. Mather Group LLC. increased its holdings in Micron Technology by 47.5% during the 3rd quarter. Mather Group LLC. now owns 13,103 shares of the semiconductor manufacturer’s stock worth $13,956,000 after purchasing an additional 4,220 shares during the last quarter. Hudock Inc. increased its holdings in Micron Technology by 18.1% during the 3rd quarter. Hudock Inc. now owns 398 shares of the semiconductor manufacturer’s stock worth $424,000 after purchasing an additional 61 shares during the last quarter. West Wealth Group LLC increased its holdings in Micron Technology by 28,561.4% during the 3rd quarter. West Wealth Group LLC now owns 167,669 shares of the semiconductor manufacturer’s stock worth $178,586,000 after purchasing an additional 167,084 shares during the last quarter. Finally, Fortune 45 LLC acquired a new position in shares of Micron Technology in the 3rd quarter valued at approximately $1,085,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Down 4.1%

Shares of Micron Technology stock opened at $914.13 on Thursday. 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 firm has a market cap of $1.03 trillion, a P/E ratio of 12.32, a P/E/G ratio of 0.17 and a beta of 2.22. Micron Technology, Inc. has a fifty-two week low of $187.42 and a fifty-two week high of $1,255.00. The business has a 50-day moving average price of $984.86 and a 200 day moving average price of $857.08.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. The company had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. Micron Technology’s quarterly revenue was up 379.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, sell-side analysts forecast that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 0.81%.

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the sale, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott R. Allen sold 879 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the sale, the chief accounting officer directly owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 95,879 shares of company stock worth $90,939,466 over the last ninety days. 0.24% of the stock is owned by insiders.

Micron Technology News Summary

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

• Positive Sentiment: Micron’s fundamentals remain strong: fiscal fourth-quarter revenue increased approximately 379% year over year to $54.23 billion, while earnings exceeded analyst expectations. The company also has more than 75% of fiscal 2027 output covered by customer commitments, improving visibility through the next cycle. A Chinese Rival Just Spooked Memory Stocks
• Positive Sentiment: Micron’s board authorized roughly $35 billion in share repurchases, potentially supporting per-share earnings and signaling confidence in future cash generation. The company has also reduced concentration risk, with no customer accounting for at least 10% of fiscal 2026 revenue. Micron’s Buybacks
• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and assigned a $1,900 price target, while Erste Group raised its fiscal 2027 earnings forecast to $173.31 per share. Elon Musk also praised Micron’s approach to future memory pricing as customer-friendly. Rosenblatt Reaffirms Buy Rating
• Neutral Sentiment: Micron will distribute approximately $169.7 million in dividends on October 29. The payout provides shareholder support but is unlikely to outweigh broader concerns about the semiconductor sector. Micron Dividend Payout
• Negative Sentiment: China’s ChangXin Memory Technologies reportedly made progress on a denser DRAM design aimed at server memory. Although commercial-scale production and yields remain unproven, investors fear CXMT could pressure pricing and margins over time. Micron Stock Slides Again
• Negative Sentiment: The broader AI-stock sell-off has intensified as investors question who can finance continued data-center infrastructure spending. Hotter inflation and weakness across Nvidia, AMD, Samsung and SK Hynix are adding sector-wide selling pressure. AI Stocks Face a New Reality
• Negative Sentiment: Investors are also questioning whether Micron’s exceptional earnings represent a cyclical peak, particularly because high-bandwidth memory remains a relatively small portion of total revenue. Potential labor disruption at a Taiwan facility and ongoing concerns about industry oversupply add further risk.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MU. BNP Paribas Exane increased their target price on Micron Technology from $615.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Phillip Securities raised their price target on shares of Micron Technology from $530.00 to $1,870.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. Citigroup lifted their price target on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Profile

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.