Hickory Point Bank & Trust raised its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 490.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,180 shares of the semiconductor manufacturer's stock after buying an additional 980 shares during the quarter. Micron Technology comprises about 0.8% of Hickory Point Bank & Trust's investment portfolio, making the stock its 29th largest holding. Hickory Point Bank & Trust's holdings in Micron Technology were worth $1,257,000 at the end of the most recent reporting period.

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Other institutional investors have also modified their holdings of the company. Andar Capital Management HK Ltd raised its stake in shares of Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock worth $39,571,847,000 after acquiring an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA acquired a new stake in Micron Technology in the second quarter valued at approximately $22,182,263,000. Bank of America Corp DE boosted its stake in Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer's stock valued at $11,744,621,000 after acquiring an additional 2,136,470 shares in the last quarter. Legal & General Group Plc purchased a new position in Micron Technology in the second quarter worth $8,402,393,000. Finally, Wellington Management Group LLP grew its holdings in Micron Technology by 28.7% in the second quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer's stock worth $5,823,556,000 after purchasing an additional 1,125,414 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer owned 34,958 shares of the company's stock, valued at approximately $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares of the company's stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is owned by company insiders.

Key Micron Technology News

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

• Positive Sentiment: Record results and strong guidance: Micron reported fiscal Q4 revenue of $54.23 billion, up 379% year over year, and adjusted EPS of $33.42, beating consensus estimates. Management guided fiscal Q1 2027 revenue to $60 billion-$63 billion and EPS to $37.15-$39.15, both above Wall Street expectations. Micron beats on revenue and earnings
• Positive Sentiment: AI demand remains powerful: Data-center revenue increased roughly elevenfold, driven by high-bandwidth memory (HBM), DRAM and NAND demand. More than 75% of Micron’s expected 2027 output is already committed, while management said supply constraints could persist through 2028. MU earnings call points to tighter supply
• Positive Sentiment: Analysts remain bullish: Multiple firms raised targets after the report, including DA Davidson at $2,100, Cantor Fitzgerald at $2,000, Rosenblatt at $1,900, TD Cowen at $1,600 and RBC at $1,500. Analysts cited better pricing visibility, long-term customer commitments and potential capital returns. Analysts stay bullish after Micron beat
• Neutral Sentiment: Why the stock is not responding more strongly: After a substantial prior advance, investors expected an even larger beat. Micron’s gross-margin outlook is projected to ease from 87% in Q4 to approximately 86.25% in Q1, raising concerns that peak pricing power may be approaching. Micron investors are not rewarding strong earnings
• Negative Sentiment: Risks remain: Rising Treasury yields are pressuring technology valuations, while investors are watching for any slowdown in memory demand, increased capital spending and possible labor disruption at Micron’s Taiwan operations. Micron faces Taiwan strike prospects

Micron Technology Stock Performance

Shares of MU traded up $32.28 during trading hours on Thursday, reaching $1,097.39. 44,868,292 shares of the company traded hands, compared to its average volume of 41,960,199. The stock has a market capitalization of $1.24 trillion, a P/E ratio of 24.84, a P/E/G ratio of 0.67 and a beta of 2.22. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 12-month low of $179.61 and a 12-month high of $1,255.00. The business has a fifty day moving average price of $952.75 and a 200-day moving average price of $814.16.

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Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $31.72 by $1.70. The firm 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 71.13% and a net margin of 55.91%.The firm's revenue was up 379.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 73.12 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be given a $0.15 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology's dividend payout ratio is currently 1.36%.

Analyst Ratings Changes

MU has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on Micron Technology from $550.00 to $1,500.00 and gave the company a "buy" rating in a report on Thursday, June 18th. Citigroup boosted their target price on 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. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Micron Technology in a research report on Thursday. Seaport Research Partners reiterated a "buy" rating on shares of Micron Technology in a research note on Friday, August 14th. Finally, BNP Paribas Exane raised their price target on Micron Technology from $615.00 to $1,700.00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. Forty analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,378.08.

View Our Latest Analysis on MU

Micron Technology Profile

(Free Report)

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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