TrinityBridge Ltd Sells 1,389 Shares of Micron Technology, Inc. $MU

TrinityBridge Ltd lowered its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 28.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,562 shares of the semiconductor manufacturer’s stock after selling 1,389 shares during the period. TrinityBridge Ltd’s holdings in Micron Technology were worth $3,807,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Associated Banc Corp bought a new position in shares of Micron Technology during the third quarter valued at approximately $342,000. Legacy CG LLC purchased a new position in Micron Technology during the third quarter valued at approximately $3,979,000. Putney Financial Group LLC bought a new position in Micron Technology in the third quarter worth approximately $112,000. Watershed Private Wealth LLC raised its stake in Micron Technology by 5.9% in the third quarter. Watershed Private Wealth LLC now owns 945 shares of the semiconductor manufacturer’s stock worth $1,007,000 after buying an additional 53 shares in the last quarter. Finally, Integrity Advisory Solutions LLC raised its stake in Micron Technology by 13.0% in the third quarter. Integrity Advisory Solutions LLC now owns 3,533 shares of the semiconductor manufacturer’s stock worth $3,764,000 after buying an additional 407 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Stock Performance

MU opened at $855.10 on Wednesday. The company has a market cap of $967.48 billion, a P/E ratio of 11.52, 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 50-day moving average price is $974.91 and its 200-day moving average price is $749.61. Micron Technology, Inc. has a 52-week low of $192.59 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. The company had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. Micron Technology’s revenue for the quarter was up 379.1% on a year-over-year basis. During the same period last year, the business earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities analysts anticipate that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th were issued a $0.15 dividend. The ex-dividend date of this dividend was 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 (DPR) is currently 0.81%.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Memory stocks recovered as investors rotated back into semiconductor shares, with easing oil prices also helping risk appetite. Why are Micron, SK Hynix, and SanDisk stocks rising on Tuesday?
• Positive Sentiment: AI’s growing need for memory could support Micron’s opportunity: the article highlights memory’s importance to AI performance and the company’s potential to compete on value. Micron Said “Super Intelligence” Creates the Most Compelling Opportunity in Its History
• Positive Sentiment: Micron could step up share repurchases starting in December after Chips Act restrictions expire, potentially adding support for shareholder returns and demand for the stock. Micron Expected to Launch Massive Stock Buybacks in December
• Neutral Sentiment: Some analysts see substantial upside after the pullback, though the coverage cautions that memory-stock rallies have been difficult to sustain. Micron Stock Is in a Slump but Analysts Say It Can Soar 100%
• Negative Sentiment: Investor Dan Niles warned that Chinese memory maker CXMT is targeting a 20% share by 2028, raising the prospect of increased competition for Micron. Micron’s Real Risk: China’s CXMT Targets “20% by 2028,” Warns Dan Niles
• Negative Sentiment: Recent concerns about the memory cycle remain: a cautious outlook from Kioxia weighed on Micron and other memory shares in the prior session, while one commentator argued AI-chip stocks may not have fallen enough. Micron Falls as Kioxia’s Cautious Outlook Hits Memory Stocks

Analyst Upgrades and Downgrades

MU has been the topic of several recent research reports. Arete Research increased their target price on Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $470.00 to $1,250.00 in a research report on Friday, August 14th. TD Cowen restated a “buy” rating and set a $1,600.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2,000.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $1,650.00 price objective on shares of Micron Technology in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Micron Technology currently has an average rating of “Moderate Buy” and an average 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott J. Deboer sold 28,545 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 147,430 shares in the company, valued at approximately $132,687,000. The trade was a 16.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 83,545 shares of company stock worth $78,460,850. Company insiders own 0.24% of the company’s stock.

Micron Technology Company 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.