Texas Bank & Trust Co Sells 1,890 Shares of Micron Technology, Inc. $MU

Texas Bank & Trust Co cut its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 65.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,000 shares of the semiconductor manufacturer’s stock after selling 1,890 shares during the period. Texas Bank & Trust Co’s holdings in Micron Technology were worth $1,065,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Gryphon Financial Partners LLC grew its holdings in Micron Technology by 6.8% during the 3rd quarter. Gryphon Financial Partners LLC now owns 8,215 shares of the semiconductor manufacturer’s stock worth $8,750,000 after acquiring an additional 520 shares during the last quarter. M&G PLC increased its position in Micron Technology by 11.1% in the 3rd quarter. M&G PLC now owns 66,707 shares of the semiconductor manufacturer’s stock valued at $71,043,000 after acquiring an additional 6,645 shares in the last quarter. Vestor Capital LLC raised its stake in shares of Micron Technology by 1,834.3% in the third quarter. Vestor Capital LLC now owns 4,565 shares of the semiconductor manufacturer’s stock worth $4,862,000 after acquiring an additional 4,329 shares during the last quarter. Kestra Investment Management LLC raised its stake in shares of Micron Technology by 38.4% in the third quarter. Kestra Investment Management LLC now owns 11,728 shares of the semiconductor manufacturer’s stock worth $12,492,000 after acquiring an additional 3,257 shares during the last quarter. Finally, Palacios Wealth Management LLC raised its stake in shares of Micron Technology by 17.3% in the third quarter. Palacios Wealth Management LLC now owns 1,546 shares of the semiconductor manufacturer’s stock worth $1,647,000 after acquiring an additional 228 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Scott J. Deboer sold 28,545 shares of the stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the completion of the sale, the insider owned 147,430 shares in the company, valued at $132,687,000. This represents a 16.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 83,545 shares of company stock worth $78,460,850. Insiders own 0.24% of the company’s stock.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $733.15 on Tuesday. The firm has a fifty day moving average of $957.60 and a two-hundred day moving average of $756.71. 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 has a market capitalization of $829.50 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 0.14 and a beta of 2.36. 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 posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the company earned $3.03 EPS. The firm’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. As a group, equities research analysts predict that Micron Technology, Inc. will post 175.19 EPS for the current year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Shareholders 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 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio is presently 0.81%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Susquehanna reissued a “positive” rating on shares of Micron Technology in a research note on Thursday, October 1st. Wedbush reissued an “outperform” rating and issued a $1,400.00 price target on shares of Micron Technology in a report on Monday, September 28th. ThinkEquity restated a “buy” rating on shares of Micron Technology in a research report on Monday, August 3rd. Seaport Research Partners reaffirmed a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $1,200.00 price objective on shares of Micron Technology in a report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Micron Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

Trending Headlines about Micron Technology

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

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.