Micron Technology, Inc. $MU Shares Purchased by Hickory Point Bank & Trust

Hickory Point Bank & Trust grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 490.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,180 shares of the semiconductor manufacturer’s stock after buying an additional 980 shares during the period. Micron Technology comprises approximately 0.8% of Hickory Point Bank & Trust’s holdings, making the stock its 29th biggest position. Hickory Point Bank & Trust’s holdings in Micron Technology were worth $1,257,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Andar Capital Management HK Ltd lifted its stake in shares of Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after buying an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA purchased a new stake in Micron Technology during the 2nd quarter valued at about $22,182,263,000. Bank of America Corp DE raised its holdings in Micron Technology by 26.6% in the 2nd quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after acquiring an additional 2,136,470 shares during the last quarter. Legal & General Group Plc purchased a new position in Micron Technology in the 2nd quarter worth approximately $8,402,393,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Micron Technology by 28.7% during the 2nd quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock worth $5,823,556,000 after purchasing an additional 1,125,414 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Record results and strong guidance: Micron reported fiscal Q4 revenue of $54.23 billion, up 379% year over year, and adjusted EPS of $33.42, beating consensus estimates. Management guided fiscal Q1 2027 revenue to $60 billion-$63 billion and EPS to $37.15-$39.15, both above Wall Street expectations. Micron beats on revenue and earnings
• Positive Sentiment: AI demand remains powerful: Data-center revenue increased roughly elevenfold, driven by high-bandwidth memory (HBM), DRAM and NAND demand. More than 75% of Micron’s expected 2027 output is already committed, while management said supply constraints could persist through 2028. MU earnings call points to tighter supply
• Positive Sentiment: Analysts remain bullish: Multiple firms raised targets after the report, including DA Davidson at $2,100, Cantor Fitzgerald at $2,000, Rosenblatt at $1,900, TD Cowen at $1,600 and RBC at $1,500. Analysts cited better pricing visibility, long-term customer commitments and potential capital returns. Analysts stay bullish after Micron beat
• Neutral Sentiment: Why the stock is not responding more strongly: After a substantial prior advance, investors expected an even larger beat. Micron’s gross-margin outlook is projected to ease from 87% in Q4 to approximately 86.25% in Q1, raising concerns that peak pricing power may be approaching. Micron investors are not rewarding strong earnings
• Negative Sentiment: Risks remain: Rising Treasury yields are pressuring technology valuations, while investors are watching for any slowdown in memory demand, increased capital spending and possible labor disruption at Micron’s Taiwan operations. Micron faces Taiwan strike prospects

Micron Technology Trading Up 3.0%

Shares of MU stock traded up $32.28 during trading on Thursday, hitting $1,097.39. 44,868,292 shares of the stock traded hands, compared to its average volume of 41,960,199. Micron Technology, Inc. has a 52-week low of $179.61 and a 52-week high of $1,255.00. The firm has a market capitalization of $1.24 trillion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 0.67 and a beta of 2.22. The firm’s fifty day moving average price is $952.75 and its 200-day moving average price is $814.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping the consensus estimate of $31.72 by $1.70. The company had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm’s revenue for the quarter was up 379.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, research analysts forecast that Micron Technology, Inc. will post 73.12 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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 issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is currently 1.36%.

Insider Transactions at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was 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 directly owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’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 completion of the sale, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MU shares. Raymond James Financial reaffirmed an “outperform” rating on shares of Micron Technology in a report on Thursday. TD Cowen restated a “buy” rating and issued a $1,600.00 target price on shares of Micron Technology in a report on Thursday. Zacks Research cut Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Itau BBA Securities raised their target price on Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Stifel Nicolaus lifted their price target on Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Forty analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,378.08.

Micron Technology Company Profile

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.