19,678 Micron Technology, Inc. $MU Shares Bought by Park National Corp OH

Park National Corp OH increased its position in Micron Technology, Inc. (NASDAQ:MU) by 667.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 22,625 shares of the semiconductor manufacturer’s stock after purchasing an additional 19,678 shares during the period. Park National Corp OH’s holdings in Micron Technology were worth $24,098,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bullseye Investment Management LLC bought a new position in Micron Technology in the 2nd quarter worth approximately $27,000. Montgomery Financial Services LLC bought a new stake in Micron Technology during the 2nd quarter valued at $38,000. JNBA Financial Advisors lifted its position in shares of Micron Technology by 77.3% during the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock worth $45,000 after acquiring an additional 17 shares in the last quarter. Ramsey Quantitative Systems purchased a new stake in shares of Micron Technology during the second quarter worth $46,000. Finally, RHL Group LLC bought a new position in shares of Micron Technology in the second quarter worth $47,000. 80.84% of the stock is currently owned by institutional investors.

Micron Technology News Roundup

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

• Positive Sentiment: Micron reported fiscal fourth-quarter revenue of approximately $54.23 billion, up about 379% year over year, with earnings of $33.42 per share above consensus. Management also issued stronger fiscal first-quarter 2027 guidance, reinforcing expectations for continued AI-related memory demand. Get Paid to Wait on Micron’s Next Move
• Positive Sentiment: Industry supply shortages and demand for high-bandwidth memory used in AI data centers could support elevated prices and margins through fiscal 2027 and 2028. Strategic customer agreements reportedly cover more than 35% of revenue through 2030, potentially reducing the impact of the traditional memory cycle. Micron: The Trade Of The Decade Has Arrived
• Positive Sentiment: Micron’s strong cash generation could support substantial shareholder returns. Reports highlight potential stock buybacks, customer deposits and government incentives that may help finance capacity expansion while limiting the burden on shareholders. Micron’s historic cash bonanza is set to rain down on investors
• Neutral Sentiment: Although the earnings and long-term outlook remain bullish, the stock’s modest response suggests investors expected the beat and higher guidance. Valuation appears inexpensive on forward earnings, but that discount may reflect expectations for sharply slower growth in fiscal 2028. Investors Had a Tepid Reaction to Micron’s Latest Earnings Report
• Negative Sentiment: Bearish investors fear memory prices may be near a peak, with additional DRAM and HBM capacity eventually pressuring average selling prices and margins. Micron’s high beta and historical cyclicality make the shares vulnerable to a pullback if AI spending or semiconductor sentiment weakens. Micron Stock Falls Amid Fears of Memory-Price Peak
• Negative Sentiment: Short volume recently reached a two-week high, indicating increasing skepticism and the possibility of continued volatility. Separately, prominent investor Michael Burry’s bearish view on the AI bubble adds to concerns about a future decline in AI-linked semiconductor stocks. Short squeeze alert for Micron stock amid spike in short volume

Micron Technology Price Performance

Shares of MU stock traded down $9.04 during trading on Monday, hitting $1,065.85. The company had a trading volume of 9,939,558 shares, compared to its average volume of 41,717,109. The stock’s 50-day moving average is $957.97 and its two-hundred day moving average is $823.35. The stock has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 0.20 and a beta of 2.22. 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, Inc. has a 52 week low of $179.61 and a 52 week high of $1,255.00.

Micron Technology (NASDAQ:MU) last announced its 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. The company had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm’s quarterly revenue was up 379.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.03 earnings per share. 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 165.51 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,879 shares of company stock worth $90,939,466 over the last ninety days. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Micron Technology in a research report on Thursday. William Blair set a $1,300.00 target price on Micron Technology in a research note on Thursday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Micron Technology in a report on Thursday. Wells Fargo & Company decreased their price target on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Micron Technology in a report on Thursday. Forty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,385.93.

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.