Citizens & Northern Corp Makes New Investment in Micron Technology, Inc. $MU

Citizens & Northern Corp bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,486 shares of the semiconductor manufacturer’s stock, valued at approximately $1,583,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of MU. Andar Capital Management HK Ltd grew its position 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 purchasing an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA bought a new stake 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 purchasing an additional 2,136,470 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of Micron Technology in the second quarter worth about $8,402,393,000. Finally, Wellington Management Group LLP lifted its position in shares of Micron Technology by 28.7% in the second quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock worth $5,823,556,000 after buying an additional 1,125,414 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Latest Micron Technology News

Here’s some of the latest news about MU:

• Positive Sentiment: Tight supply supports memory pricing. Reports say Micron has largely sold its high-bandwidth memory production for next year, reinforcing expectations that AI-driven demand and limited supply can sustain its business. Micron high-bandwidth memory article
• Neutral Sentiment: Micron plans a $1 billion investment in Anthropic’s private placement. The move ties Micron more closely to the AI ecosystem, but the investment’s eventual returns and strategic benefits are uncertain. Micron Anthropic investment article
• Negative Sentiment: Nvidia-related uncertainty is pressuring semiconductor shares. Reports of a leadership shakeup involving CEO Jensen Huang unsettled investors because Micron’s memory-chip demand is tied partly to AI-chip and data-center growth. The concern contributed to a retreat after Wednesday’s rally. Why Micron stock pulled back

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Deboer sold 28,545 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the transaction, the insider owned 147,430 shares of the company’s stock, valued at $132,687,000. This trade represents a 16.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 83,545 shares of company stock valued at $78,460,850 in the last ninety days. 0.24% of the stock is owned by company insiders.

Micron Technology Trading Down 1.6%

MU stock opened at $798.44 on Friday. Micron Technology, Inc. has a twelve month low of $192.59 and a twelve month high of $1,255.00. The stock has a market capitalization of $903.37 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 0.14 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. The firm’s fifty day simple moving average is $947.33 and its two-hundred day simple moving average is $762.45.

Micron Technology (NASDAQ:MU) last released 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. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same quarter last year, the business earned $3.03 EPS. The business’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, analysts anticipate that Micron Technology, Inc. will post 174.19 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Robert W. Baird raised their price target on Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a report on Monday, September 28th. Itau BBA Securities upped their price objective on Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. 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. CLSA reiterated an “outperform” rating and set a $1,700.00 target price on shares of Micron Technology in a research report on Friday, October 2nd. Finally, The Goldman Sachs Group set a $1,250.00 target price on shares of Micron Technology in a report on Thursday, October 1st. One 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 company. According to MarketBeat, Micron Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

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.