Patton Albertson Miller Group LLC Acquires 1,020 Shares of Micron Technology, Inc. $MU

Patton Albertson Miller Group LLC boosted its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 19.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,228 shares of the semiconductor manufacturer’s stock after buying an additional 1,020 shares during the period. Patton Albertson Miller Group LLC’s holdings in Micron Technology were worth $6,634,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. VUB Generali dochodkova spravcovska spolocnost a.s. increased its stake in Micron Technology by 4.9% during the 3rd quarter. VUB Generali dochodkova spravcovska spolocnost a.s. now owns 2,716 shares of the semiconductor manufacturer’s stock valued at $2,893,000 after purchasing an additional 127 shares in the last quarter. RD Finance Ltd bought a new stake in shares of Micron Technology during the third quarter valued at approximately $5,219,000. Geneva Partners LLC purchased a new stake in Micron Technology during the 3rd quarter valued at $9,531,000. Plimoth Trust Co. LLC purchased a new position in shares of Micron Technology in the third quarter worth $858,000. Finally, B.O.S.S. Retirement Advisors LLC raised its stake in shares of Micron Technology by 2.9% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 1,456 shares of the semiconductor manufacturer’s stock worth $1,551,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: Bank of America became “incrementally more positive” on the memory industry after meetings with executives. The firm said customers are increasingly locking in memory supply through multiyear agreements, improving Micron’s revenue visibility and potentially reducing cyclical volatility. Micron Rises as Bank of America Gets Incrementally More Positive on Memory
• Positive Sentiment: Investors responded favorably to Micron’s defense against concerns over Chinese rival ChangXin Memory Technologies. Micron indicated that CXMT’s 4F square memory design does not currently undermine its competitive position. Micron Stock Finds Its Footing as It Pushes Back on Chinese Memory Threat
• Positive Sentiment: Recent record revenue, profit and gross margin, along with strong forward guidance, have made Micron appear inexpensive relative to its expected earnings growth. High-bandwidth memory demand from artificial-intelligence systems and persistent chip shortages are viewed as potential long-term growth drivers. Micron Just Delivered a Monster Quarter, but the Stock Is Plummeting
• Positive Sentiment: Analyst screens and investor commentary continued to highlight MU’s high profit margins, expected earnings growth and potential to become less dependent on memory-market cycles as customer contracts and AI applications expand. NVIDIA and 2 Profitable Stocks to Buy Now for Explosive Upside
• Neutral Sentiment: Reports noted that Micron’s sharp yearlong rally has been followed by significant corrections across AI-related memory and storage stocks. A potential stock split was discussed, but it would not change the company’s underlying value or fundamentals. Stock-Split Watch: Is Micron Next?
• Negative Sentiment: Bearish commentary warned that a possible 40% decline in memory prices, a peak in the current cycle and weaker hyperscaler capital spending could pressure Micron’s unusually strong earnings. Some analysts also questioned whether new supply contracts provide as much protection as expected. Micron: The New SCA Contracts Are Not As Great As You Think

Analysts Set New Price Targets

Several equities research analysts recently commented on MU shares. Wedbush reiterated an “outperform” rating and issued a $1,400.00 price objective on shares of Micron Technology in a report on Monday, September 28th. UBS Group restated a “buy” rating and issued a $1,625.00 target price (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. President Capital lifted their target price on shares of Micron Technology to $1,500.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Susquehanna reiterated a “positive” rating on shares of Micron Technology in a research note on Thursday, October 1st. Finally, DA Davidson increased their price target on Micron Technology from $2,100.00 to $3,000.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Insider Transactions at Micron Technology

In other 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 transaction of $14,014,350.00. Following the completion of the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 83,545 shares of company stock worth $78,460,850 in the last 90 days. 0.24% of the stock is currently owned by insiders.

Micron Technology Price Performance

NASDAQ MU opened at $903.70 on Tuesday. Micron Technology, Inc. has a 52 week low of $192.59 and a 52 week high of $1,255.00. The firm has a market capitalization of $1.02 trillion, a P/E ratio of 12.18, a PEG ratio of 0.15 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. The company has a 50-day moving average price of $982.71 and a 200-day moving average price of $729.85.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter last year, the firm posted $3.03 earnings per share. The firm’s revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities research analysts anticipate that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Announces Dividend

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

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.