Micron Technology, Inc. $MU Stock Purchased by Keybank National Association OH

Keybank National Association OH increased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,437 shares of the semiconductor manufacturer’s stock after purchasing an additional 887 shares during the period. Keybank National Association OH’s holdings in Micron Technology were worth $23,898,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MU. Cornerstone Wealth Management LLC raised its position in shares of Micron Technology by 5.5% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 5,475 shares of the semiconductor manufacturer’s stock valued at $5,831,000 after buying an additional 283 shares during the period. Triton Wealth Management PLLC lifted its holdings in Micron Technology by 6.7% in the third quarter. Triton Wealth Management PLLC now owns 990 shares of the semiconductor manufacturer’s stock valued at $1,054,000 after acquiring an additional 62 shares during the last quarter. D.B. Root & Company LLC grew its position in Micron Technology by 6.3% in the third quarter. D.B. Root & Company LLC now owns 2,894 shares of the semiconductor manufacturer’s stock worth $3,082,000 after acquiring an additional 171 shares during the period. D Orazio & Associates Inc. grew its position in Micron Technology by 17.6% in the third quarter. D Orazio & Associates Inc. now owns 2,597 shares of the semiconductor manufacturer’s stock worth $2,766,000 after acquiring an additional 388 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. grew its position in Micron Technology by 2,463.7% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 6,076 shares of the semiconductor manufacturer’s stock worth $6,472,000 after acquiring an additional 5,839 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Micron Technology

These are some of the MU stories that stood out recently:

• 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: Low valuation and bullish analyst views support the recovery case. Articles highlight MU trading at roughly 3.8 times earnings, while some analysts see substantial upside; Goldman Sachs reiterated a $1,250 price target. Micron’s recent earnings beat and strong growth outlook add to the bullish argument. Article: Analysts See Micron Stock Doubling
• Negative Sentiment: Cyclical and spending concerns remain. MU’s steep recent sell-off reflects investor worry that AI data-center investment could cool and that memory pricing and profits may eventually turn down. Those risks could limit the rebound if demand expectations weaken. Article: Is the Micron Sell-Off a Buying Opportunity or a Falling Knife?

Micron Technology Stock Up 11.9%

Micron Technology stock opened at $811.30 on Thursday. Micron Technology, Inc. has a fifty-two week low of $192.59 and a fifty-two week high of $1,255.00. 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 firm has a 50 day moving average price of $950.48 and a 200 day moving average price of $760.41. 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.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same quarter in the previous year, the company earned $3.03 earnings per share. The firm’s quarterly revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Research analysts expect that Micron Technology, Inc. will post 175.22 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Deboer sold 28,545 shares of the firm’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 83,545 shares of company stock worth $78,460,850. 0.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Itau BBA Securities lifted their target price on Micron Technology from $1,243.78 to $1,697.09 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a report on Thursday, October 1st. Raymond James Financial reiterated an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Wells Fargo & Company cut their price objective on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating for the company in a research report on Wednesday, September 23rd. Finally, UBS Group restated a “buy” rating and issued a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,407.88.

Micron Technology Company 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.