700 Micron Technology, Inc. $MU Shares Sold by Philadelphia Trust Co.

Philadelphia Trust Co. lessened its stake in Micron Technology, Inc. (NASDAQ:MU) by 45.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 835 shares of the semiconductor manufacturer’s stock after selling 700 shares during the quarter. Philadelphia Trust Co.’s holdings in Micron Technology were worth $889,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Gibbs Wealth Management lifted its holdings in shares of Micron Technology by 52.7% during the 3rd quarter. Gibbs Wealth Management now owns 6,041 shares of the semiconductor manufacturer’s stock valued at $6,435,000 after buying an additional 2,085 shares during the last quarter. Denali Advisors LLC bought a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $7,364,000. Castleark Management LLC bought a new stake in shares of Micron Technology in the 1st quarter valued at approximately $3,709,000. Oppenheimer & Co. Inc. increased its holdings in Micron Technology by 16.0% in the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after buying an additional 6,702 shares during the last quarter. Finally, Legacy Wealth Management LLC MS increased its holdings in Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after buying an additional 1,499 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value 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 $178,469,010.09. This represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 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 $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 83,545 shares of company stock valued at $78,460,850. 0.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MU shares. 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. New Street Research raised shares of Micron Technology from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $470.00 to $1,250.00 in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Micron Technology in a research note on Thursday, October 1st. Raymond James Financial reaffirmed an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Mizuho increased their target price on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Micron Technology currently has a consensus rating of “Moderate Buy” and an average target price of $1,407.88.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Several analysts see substantial upside, citing continued demand for memory chips from AI infrastructure and a valuation they consider inexpensive. Goldman Sachs characterized the shares as attractively valued, while KeyBanc sees potential for a significant recovery; these are analyst views, not guaranteed outcomes. Micron stock is a screaming buy at current valuation levels: Goldman Sachs KeyBanc analyst sees upside
• Positive Sentiment: Micron’s reported record revenue and earnings beat, strong earnings-growth expectations, and low multiple—about four times projected fiscal 2027 earnings according to one report—support the bullish case. Micron valuation and earnings
• Positive Sentiment: A reported $35 billion share-buyback program is expected to begin December 9, potentially adding a source of shareholder demand. Micron’s buyback can start December 9
• Neutral Sentiment: Bank of America removed Micron from its “US 1” list but reportedly maintained a Buy rating, suggesting reduced conviction rather than a change to its formal recommendation. Micron removed from BofA’s top stock list
• Negative Sentiment: Investors are concerned that political and local opposition to data-center construction, along with questions about the sustainability of AI spending, could weaken future demand. The stock’s recent steep retreat reflects these worries despite strong reported results. Why Micron stock is falling
• Negative Sentiment: Micron remains exposed to the memory industry’s boom-and-bust cycles. Commentary about a possible “cyclical cliff” raises concern that today’s strong pricing and earnings may not last, even with much of next year’s supply reportedly committed. Micron faces cyclical risks

Micron Technology Stock Performance

MU opened at $725.11 on Wednesday. The firm has a market capitalization of $820.40 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 0.13 and a beta of 2.36. The stock’s 50 day moving average price is $952.93 and its two-hundred day moving average price is $758.35. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. Micron Technology, Inc. has a 12-month low of $192.59 and a 12-month high of $1,255.00.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same period in the previous year, the business posted $3.03 EPS. The company’s revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities analysts forecast that Micron Technology, Inc. will post 175.22 earnings per share for the current year.

Micron Technology Announces Dividend

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

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.