Pinnacle Financial Partners Inc Has $28.43 Million Holdings in Micron Technology, Inc. $MU

Pinnacle Financial Partners Inc decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 7.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 169,909 shares of the semiconductor manufacturer’s stock after selling 13,923 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Micron Technology were worth $28,429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MU. American Capital Advisory LLC raised its stake in Micron Technology by 20.4% in the 3rd quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock valued at $46,000 after acquiring an additional 46 shares during the period. Teamwork Financial Advisors LLC boosted its position in Micron Technology by 0.4% during the third quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer’s stock worth $2,505,000 after purchasing an additional 53 shares during the period. Blue Trust Inc. increased its holdings in shares of Micron Technology by 0.5% in the third quarter. Blue Trust Inc. now owns 10,633 shares of the semiconductor manufacturer’s stock valued at $1,779,000 after purchasing an additional 53 shares during the last quarter. Lodestone Wealth Management LLC increased its holdings in shares of Micron Technology by 3.2% in the third quarter. Lodestone Wealth Management LLC now owns 1,693 shares of the semiconductor manufacturer’s stock valued at $283,000 after purchasing an additional 53 shares during the last quarter. Finally, Allen Capital Group LLC raised its position in shares of Micron Technology by 1.2% in the third quarter. Allen Capital Group LLC now owns 4,554 shares of the semiconductor manufacturer’s stock valued at $762,000 after purchasing an additional 54 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Price Performance

Micron Technology stock opened at $362.75 on Friday. The firm has a market cap of $408.28 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 0.20 and a beta of 1.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78. The stock’s fifty day moving average price is $267.89 and its two-hundred day moving average price is $191.79. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $365.81.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The firm had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $12.62 billion. During the same period in the prior year, the company posted $1.79 EPS. The company’s revenue was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, December 29th. Micron Technology’s dividend payout ratio (DPR) is currently 4.37%.

Insider Buying and Selling

In other news, CEO Sanjay Mehrotra sold 22,500 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $220.72, for a total transaction 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 approximately $98,568,696.16. This represents a 4.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the completion of the transaction, the executive vice president directly owned 165,618 shares in the company, valued at $45,891,091.62. This trade represents a 8.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 318,800 shares of company stock worth $72,333,387. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

MU has been the subject of several research analyst reports. KGI Securities raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Wells Fargo & Company raised their price objective on shares of Micron Technology from $335.00 to $410.00 and gave the stock an “overweight” rating in a research report on Thursday. Bank of America upped their target price on Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays increased their target price on Micron Technology from $275.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, TD Cowen boosted their price target on Micron Technology from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $326.66.

Micron Technology News Summary

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

• Positive Sentiment: Micron celebrated the official groundbreaking for its planned New York “megafab” — a multi‑year, large‑scale investment that underpins long‑term capacity growth for AI DRAM/NAND demand and signals strong political and local support. Read More.
• Positive Sentiment: High‑profile insider buys: former TSMC co‑CEO Mark Liu purchased several million dollars of MU shares and director Teyin M. Liu disclosed a ~$3.9M purchase — management and industry veteran buying is a strong confidence signal for investors. Read More.
• Positive Sentiment: Wall Street lifted targets and coverage: Cantor Fitzgerald and others raised targets (Cantor to $450), RBC initiated with Outperform, Wells Fargo and Citi raised theirs — these notes broaden institutional demand and support higher valuations. Read More.
• Positive Sentiment: Analyst/market commentary points to strong AI data‑center demand and Micron’s HBM ramp, reinforcing revenue/margin upside expectations tied to the AI memory shortage. Read More.
• Neutral Sentiment: Media coverage highlights MU as a top semiconductor/AI pick (Zacks, Investopedia): helps attract flows, but also places MU into a crowded thematic trade that can amplify intra‑day moves. Read More.
• Neutral Sentiment: CEO and company commentary emphasize ongoing AI memory tightness — bullish for fundamentals but timing/size of revenue realization remains the key variable for investors. Read More.
• Negative Sentiment: Risk/volatility reminders: analysts and commentators note MU’s history of sharp drawdowns and the potential for profit‑taking after a massive rerating, which raises short‑term downside risk despite strong momentum. Read More.
• Negative Sentiment: Competition/rotation risk: some analysts warn other AI chip names could soak up investor flows, and thematic rotation could redirect capital away from memory names if expectations shift. Read More.

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.