5,750 Micron Technology, Inc. $MU Shares Acquired by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. raised its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 3.8% during the third quarter, Holdings Channel reports. The firm owned 156,845 shares of the semiconductor manufacturer’s stock after buying an additional 5,750 shares during the quarter. Micron Technology makes up approximately 1.5% of Factory Mutual Insurance Co.’s portfolio, making the stock its 17th biggest position. Factory Mutual Insurance Co.’s holdings in Micron Technology were worth $167,057,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MU. Aware Super Pty Ltd as trustee of Aware Super raised its position in shares of Micron Technology by 3.5% in the 3rd quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 135,905 shares of the semiconductor manufacturer’s stock worth $144,754,000 after acquiring an additional 4,535 shares in the last quarter. Tucker Asset Management LLC lifted its holdings in shares of Micron Technology by 15.6% during the third quarter. Tucker Asset Management LLC now owns 1,653 shares of the semiconductor manufacturer’s stock valued at $1,761,000 after purchasing an additional 223 shares in the last quarter. Garde Capital Inc. boosted its position in shares of Micron Technology by 9.5% during the third quarter. Garde Capital Inc. now owns 2,800 shares of the semiconductor manufacturer’s stock valued at $2,982,000 after buying an additional 242 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management increased its holdings in Micron Technology by 4.1% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 44,827 shares of the semiconductor manufacturer’s stock worth $47,747,000 after buying an additional 1,772 shares in the last quarter. Finally, BOCHK Asset Management Ltd increased its holdings in Micron Technology by 5.5% in the 3rd quarter. BOCHK Asset Management Ltd now owns 17,025 shares of the semiconductor manufacturer’s stock worth $18,133,000 after buying an additional 882 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Memory stocks recovered as investors rotated back into semiconductor shares, with easing oil prices also helping risk appetite. Why are Micron, SK Hynix, and SanDisk stocks rising on Tuesday?
• Positive Sentiment: AI’s growing need for memory could support Micron’s opportunity: the article highlights memory’s importance to AI performance and the company’s potential to compete on value. Micron Said “Super Intelligence” Creates the Most Compelling Opportunity in Its History
• Positive Sentiment: Micron could step up share repurchases starting in December after Chips Act restrictions expire, potentially adding support for shareholder returns and demand for the stock. Micron Expected to Launch Massive Stock Buybacks in December
• Neutral Sentiment: Some analysts see substantial upside after the pullback, though the coverage cautions that memory-stock rallies have been difficult to sustain. Micron Stock Is in a Slump but Analysts Say It Can Soar 100%
• Negative Sentiment: Investor Dan Niles warned that Chinese memory maker CXMT is targeting a 20% share by 2028, raising the prospect of increased competition for Micron. Micron’s Real Risk: China’s CXMT Targets “20% by 2028,” Warns Dan Niles
• Negative Sentiment: Recent concerns about the memory cycle remain: a cautious outlook from Kioxia weighed on Micron and other memory shares in the prior session, while one commentator argued AI-chip stocks may not have fallen enough. Micron Falls as Kioxia’s Cautious Outlook Hits Memory Stocks

Insiders Place Their Bets

In other 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 of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scott J. Deboer sold 28,545 shares of the company’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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 83,545 shares of company stock worth $78,460,850. Company insiders own 0.24% of the company’s stock.

Micron Technology Trading Up 2.6%

Shares of NASDAQ:MU opened at $855.10 on Wednesday. The stock has a market capitalization of $967.48 billion, a price-to-earnings ratio of 11.52, a PEG 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 stock’s 50-day simple moving average is $974.91 and its two-hundred day simple moving average is $749.61. Micron Technology, Inc. has a 52-week low of $192.59 and a 52-week high of $1,255.00.

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 the consensus estimate of $31.77 by $1.65. The firm had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business’s quarterly revenue was up 379.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Analysts expect that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have weighed in on MU. William Blair set a $1,300.00 target price on Micron Technology in a research report on Thursday, October 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $1,200.00 price target on shares of Micron Technology in a report on Thursday, October 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $2,000.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. Arete Research increased their price objective on shares of Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, DA Davidson raised their target price on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company 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 products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.