6,645 Micron Technology, Inc. $MU Shares Acquired by M&G PLC

M&G PLC increased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 11.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 66,707 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,645 shares during the period. M&G PLC’s holdings in Micron Technology were worth $71,043,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bullseye Investment Management LLC bought a new position in Micron Technology during the 2nd quarter worth about $27,000. Aventus Investment Advisors Inc. bought a new stake in shares of Micron Technology in the 3rd quarter valued at about $30,000. Steph & Co. bought a new stake in shares of Micron Technology in the 3rd quarter valued at about $31,000. Montgomery Financial Services LLC bought a new stake in shares of Micron Technology in the 2nd quarter valued at about $38,000. Finally, JNBA Financial Advisors lifted its position in shares of Micron Technology by 77.3% in the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock worth $45,000 after purchasing an additional 17 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Up 6.3%

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

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping 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 firm had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same quarter in the previous year, the business posted $3.03 EPS. Micron Technology’s 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. On average, equities analysts anticipate that Micron Technology, Inc. will post 175.19 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MU. Weiss Ratings downgraded shares of Micron Technology from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, October 27th. Sanford C. Bernstein reissued an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Morgan Stanley restated an “overweight” rating and set a $1,200.00 target price on shares of Micron Technology in a report on Thursday, October 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. One equities research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,407.88.

Micron Technology News Summary

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

Insider Transactions at Micron Technology

In other news, 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 completion of the sale, the insider owned 147,430 shares of the company’s stock, valued at $132,687,000. This trade represents a 16.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have 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.