Diversified Trust Co Acquires 3,146 Shares of Micron Technology, Inc. $MU

Diversified Trust Co increased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 12.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,602 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,146 shares during the period. Micron Technology makes up about 0.6% of Diversified Trust Co’s holdings, making the stock its 24th biggest holding. Diversified Trust Co’s holdings in Micron Technology were worth $29,399,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Andar Capital Management HK Ltd grew its stake in shares of Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock valued at $39,571,847,000 after buying an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA purchased a new position in shares of Micron Technology in the second quarter worth about $22,182,263,000. Bank of America Corp DE increased its holdings in shares of 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 worth $11,744,621,000 after buying an additional 2,136,470 shares during the period. Legal & General Group Plc bought a new stake in shares of Micron Technology in the 2nd quarter valued at about $8,402,393,000. Finally, Aberdeen Group plc lifted its stake in shares of Micron Technology by 762.2% in the 3rd quarter. Aberdeen Group plc now owns 7,084,241 shares of the semiconductor manufacturer’s stock valued at $7,545,496,000 after acquiring an additional 6,262,603 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Top Micron Technology Stories

Here are a few of the latest stories about MU:

• Positive Sentiment: Micron’s record results and strong outlook support the growth case: coverage cited roughly $61.5 billion in quarterly revenue guidance, while its latest reported quarterly sales rose about 380% year over year. AI-related demand and tight supply of high-bandwidth memory are key potential tailwinds. Micron Is Down 20% in a Month
• Positive Sentiment: ETF buying provided a modest demand signal, with 59 funds adding Micron shares and 14 selling on Wednesday, for reported net purchases of $137.7 million. ETFs Bought $137.7 Million of Micron
• Neutral Sentiment: Analysts and market commentary say a sustained recovery will depend on memory pricing and whether AI-driven demand holds up; Micron’s shares have also been unusually volatile, leaving sentiment fragile. Micron Stocks Fall as Nvidia CEO Exit Drags Memory Shares Lower

Analysts Set New Price Targets

MU has been the subject of several analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $2,000.00 target price on shares of Micron Technology in a report on Thursday, October 1st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. CLSA reiterated an “outperform” rating and issued a $1,700.00 price objective on shares of Micron Technology in a research report on Friday, October 2nd. Zacks Research raised Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Finally, Robert W. Baird increased 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. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,435.58.

Micron Technology Stock Performance

Micron Technology stock opened at $778.31 on Friday. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $943.73 and a 200-day moving average of $764.29. The firm has a market cap of $880.60 billion, a P/E ratio of 10.49, a P/E/G ratio of 0.14 and a beta of 2.36. Micron Technology, Inc. has a 1-year low of $192.59 and a 1-year high of $1,255.00.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. The company 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 92.62% and a net margin of 63.80%. Micron Technology’s revenue was up 379.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts expect that Micron Technology, Inc. will post 174.19 EPS for the current year.

Micron Technology Dividend Announcement

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

Insider Activity

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott J. Deboer sold 28,545 shares of Micron Technology stock in a transaction 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 approximately $132,687,000. This trade represents a 16.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 83,545 shares of company stock valued at $78,460,850. Company insiders own 0.24% of the company’s stock.

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.