Patton Fund Management Inc. Invests $5.12 Million in Micron Technology, Inc. $MU

Patton Fund Management Inc. bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 30,608 shares of the semiconductor manufacturer’s stock, valued at approximately $5,121,000. Micron Technology makes up approximately 0.9% of Patton Fund Management Inc.’s investment portfolio, making the stock its 13th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after buying an additional 976 shares during the last quarter. Summit Financial LLC boosted its holdings in shares of Micron Technology by 15.8% in the 1st quarter. Summit Financial LLC now owns 5,284 shares of the semiconductor manufacturer’s stock worth $459,000 after acquiring an additional 719 shares in the last quarter. CW Advisors LLC boosted its holdings in shares of Micron Technology by 11.0% in the 1st quarter. CW Advisors LLC now owns 19,068 shares of the semiconductor manufacturer’s stock worth $1,659,000 after acquiring an additional 1,889 shares in the last quarter. Groupe la Francaise bought a new stake in Micron Technology during the 1st quarter worth approximately $2,322,000. Finally, Haverford Trust Co acquired a new stake in Micron Technology during the 1st quarter valued at $206,000. 80.84% of the stock is owned by institutional investors.

Key Micron Technology News

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

• Positive Sentiment: Management confirmed HBM capacity is sold out through 2026 with most pricing locked, and Q1 results showed strong revenue, EPS and margin beats — a major de‑risking signal supporting higher revenue visibility and the stock rally. Micron Technology Q1 Earnings Call Highlights
• Positive Sentiment: MarketBeat reports margin expansion (gross margins north of 50%), Data Center now ~56% of revenue, and a $20B FY2026 CapEx plan with an accelerated Idaho fab — all supporting sustained high‑margin growth. Micron Just Changed the AI Cycle—and the Market Knows It
• Positive Sentiment: Analysts and outlets are aggressively raising targets (some citing $500) and upgrading coverage as Micron transitions from cyclical memory vendor to a premium AI infrastructure supplier — driving momentum and institutional buying. Micron: Cheap Again Based On Large Potential EPS Increase For 2026
• Neutral Sentiment: HBM market reports show extreme supply tightness and multiyear pricing power; Micron is a primary beneficiary but the cycle timing (ramp through 2027) means upside is concentrated in near‑term premium HBM volumes. 4 Memorable Ways to Play the HBM Market Boom
• Neutral Sentiment: Short‑term technical/momentum coverage notes heavy weekly gains and possible year‑end window dressing by funds, which can amplify moves but also raise volatility risk. Micron (MU) Is Up 10.28% in One Week
• Negative Sentiment: Some analysts caution the rally may be overstretched and susceptible to mean reversion — if HBM supply or demand dynamics shift or guidance falls short, multiples could compress from current lofty levels. Micron: Rally Went Too Far

Insider Buying and Selling

In other news, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the transaction, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. This trade represents a 10.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mehrotra sold 22,500 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $220.72, for a total value of $4,966,200.00. Following the completion of the sale, the chief executive officer owned 446,578 shares of the company’s stock, valued at $98,568,696.16. This represents a 4.80% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 369,852 shares of company stock worth $79,364,303. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. CLSA assumed coverage on Micron Technology in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 price objective on the stock. Barclays lifted their price target on Micron Technology from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday. BNP Paribas raised shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a report on Monday, October 13th. TD Cowen raised their price objective on shares of Micron Technology from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Finally, The Goldman Sachs Group boosted their target price on shares of Micron Technology from $205.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Micron Technology currently has an average rating of “Buy” and an average target price of $282.61.

Micron Technology Stock Performance

Micron Technology stock opened at $276.59 on Tuesday. The company has a market cap of $311.30 billion, a PE ratio of 26.29, a PEG ratio of 0.25 and a beta of 1.54. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $279.99. The company’s 50-day moving average is $230.03 and its two-hundred day moving average is $166.66.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping the consensus estimate of $3.77 by $1.01. The company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. Micron Technology’s revenue was up 56.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th will be given a dividend of $0.115 per share. The ex-dividend date is Monday, December 29th. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology’s payout ratio is presently 4.37%.

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.