Maryland State Retirement & Pension System Buys 18,276 Shares of Micron Technology, Inc. $MU

Maryland State Retirement & Pension System increased its stake in Micron Technology, Inc. (NASDAQ:MU) by 30.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 78,901 shares of the semiconductor manufacturer’s stock after buying an additional 18,276 shares during the period. Micron Technology accounts for approximately 1.3% of Maryland State Retirement & Pension System’s portfolio, making the stock its 11th largest position. Maryland State Retirement & Pension System’s holdings in Micron Technology were worth $84,038,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MU. M.E. Allison & CO. Inc. boosted its holdings in shares of Micron Technology by 0.8% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $1,528,000 after purchasing an additional 11 shares during the last quarter. Purus Wealth Management LLC grew its stake in shares of Micron Technology by 1.4% during the 3rd quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer’s stock valued at $867,000 after buying an additional 11 shares during the period. Ables Iannone Moore & Associates Inc. increased its holdings in shares of Micron Technology by 5.3% during the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer’s stock worth $252,000 after buying an additional 12 shares during the last quarter. Koesten Hirschmann & Crabtree INC. increased its holdings in shares of Micron Technology by 5.6% during the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 228 shares of the semiconductor manufacturer’s stock worth $243,000 after buying an additional 12 shares during the last quarter. Finally, Physician Wealth Advisors Inc. increased its holdings in shares of Micron Technology by 1.6% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 762 shares of the semiconductor manufacturer’s stock worth $812,000 after buying an additional 12 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Price Performance

Micron Technology stock opened at $811.30 on Thursday. Micron Technology, Inc. has a 52-week low of $192.59 and a 52-week high of $1,255.00. The firm has a fifty day moving average of $950.48 and a 200-day moving average of $760.41. The firm has a market capitalization of $917.92 billion, a P/E ratio of 10.93, a PEG ratio of 0.13 and a beta of 2.36. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03.

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

Micron Technology Dividend Announcement

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

Latest Micron Technology News

Investors following MU have been watching these news items:

• 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
• Positive Sentiment: AI-related business ties drew attention. Micron is among suppliers participating in Anthropic’s private placement, a development that may deepen its relationship with a major AI customer. Article: Micron Stocks Jump as Memory Rebound Meets Anthropic Placement
• Neutral Sentiment: Analyst opinions are mixed. While Goldman is bullish on Micron’s valuation, it reportedly sees better value in some memory rivals. Bank of America also removed MU from its top-picks list, though it kept a Buy rating. Article: Micron Is Rebounding. Goldman Prefers These Memory Stocks

Insider Activity at Micron Technology

In other Micron Technology news, insider Scott Deboer sold 28,545 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’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 transaction, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 83,545 shares of company stock worth $78,460,850. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MU shares. Mizuho increased their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Thursday, October 1st. Morgan Stanley reissued an “overweight” rating and set a $1,200.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. BMO Capital Markets restated an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. The Goldman Sachs Group set a $1,250.00 price target on Micron Technology in a research note on Thursday, October 1st. Finally, CLSA restated an “outperform” rating and issued a $1,700.00 price objective on shares of Micron Technology in a report on Friday, October 2nd. 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.