Micron Technology, Inc. $MU Shares Purchased by Cooper Financial Group

Cooper Financial Group grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 6.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 8,407 shares of the semiconductor manufacturer’s stock after acquiring an additional 488 shares during the quarter. Micron Technology comprises about 0.7% of Cooper Financial Group’s portfolio, making the stock its 29th biggest holding. Cooper Financial Group’s holdings in Micron Technology were worth $8,955,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MU. Elm3 Financial Group LLC bought a new stake in shares of Micron Technology during the 3rd quarter worth approximately $848,000. Canandaigua National Bank & Trust Co. bought a new position in Micron Technology in the third quarter valued at approximately $263,000. Greenfield Savings Bank bought a new position in Micron Technology in the third quarter valued at approximately $336,000. Investors Research Corp raised its position in Micron Technology by 13.7% during the third quarter. Investors Research Corp now owns 141 shares of the semiconductor manufacturer’s stock valued at $150,000 after purchasing an additional 17 shares in the last quarter. Finally, Wealth Enhancement Trust Services Inc. raised its position in Micron Technology by 38.8% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 5,415 shares of the semiconductor manufacturer’s stock valued at $5,768,000 after purchasing an additional 1,515 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MU shares. Itau BBA Securities raised their target price on Micron Technology from $1,243.78 to $1,697.09 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Mizuho boosted their price target on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Thursday, October 1st. DA Davidson upped their price objective on Micron Technology from $2,100.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird raised their price objective on Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a research note on Monday, September 28th. Finally, Arete Research boosted their target price on Micron Technology from $852.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Forty-one analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology News Summary

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

• Positive Sentiment: Major price-target increase: D.A. Davidson raised its Micron price target to $3,000 from $2,100 while maintaining a Buy rating. Analyst Gil Luria expects AI infrastructure demand to keep memory supply constrained through 2028, implying substantial additional upside. Why is Micron stock rising on Wednesday?
• Positive Sentiment: AI demand and committed orders support the outlook: Recent coverage highlights that more than 75% of Micron’s fiscal 2027 shipments are committed, with customers already discussing 2028 allocations. Demand for high-bandwidth memory, server DRAM and data-center SSDs is helping reduce the company’s historical exposure to consumer-memory cycles. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Positive Sentiment: Record earnings reinforce momentum: Micron reported fiscal fourth-quarter revenue of $54.23 billion and adjusted EPS of $33.42, well above the prior-year results. Its fiscal first-quarter 2027 guidance calls for $60 billion–$63 billion of revenue and $37.15–$39.15 of adjusted EPS, pointing to another sequential increase. Micron’s profits surge as Meta’s AI spending accelerates
• Neutral Sentiment: Patent settlement removes litigation uncertainty but adds cost: Micron agreed to pay Netlist $600 million, including quarterly licensing payments over five years, to resolve patent disputes. The agreement provides legal clarity but creates a sizeable cash expense. Micron Technology and Netlist settle patent dispute
• Negative Sentiment: Taiwan strike threat and valuation risks remain: Workers at Micron’s Taiwan facilities authorized a strike over bonus negotiations; no walkout has been announced, but disruption could affect a major production hub. Separately, critics warn that the stock’s substantial rally assumes unusually strong memory pricing and may be vulnerable when new capacity arrives. Micron’s Taiwan union secures authorization to strike

Micron Technology Price Performance

Shares of MU traded up $42.44 during trading hours on Wednesday, reaching $1,088.00. The stock had a trading volume of 30,564,464 shares, compared to its average volume of 41,600,656. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. Micron Technology, Inc. has a 12 month low of $179.61 and a 12 month high of $1,255.00. The stock has a market capitalization of $1.23 trillion, a PE ratio of 14.66, a PEG ratio of 0.19 and a beta of 2.22. The company’s 50-day moving average is $972.71 and its two-hundred day moving average is $836.22.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping 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 business 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 posted $3.03 EPS. Micron Technology’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 167.29 EPS for the current year.

Micron Technology Dividend Announcement

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

Insider Transactions at Micron Technology

In related news, CAO Scott R. Allen sold 879 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This 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 95,879 shares of company stock worth $90,939,466. Insiders own 0.24% of the company’s stock.

About Micron Technology

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.