Coastline Trust Co Sells 1,024 Shares of Micron Technology, Inc. $MU

Coastline Trust Co lessened its stake in Micron Technology, Inc. (NASDAQ:MU) by 14.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,939 shares of the semiconductor manufacturer’s stock after selling 1,024 shares during the period. Coastline Trust Co’s holdings in Micron Technology were worth $6,326,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC bought a new stake in Micron Technology in the first quarter valued at about $27,000. Bullseye Investment Management LLC bought a new position in Micron Technology during the 2nd quarter worth approximately $27,000. Bayban acquired a new position in shares of Micron Technology in the 4th quarter worth approximately $29,000. Financial Life Planners acquired a new position in shares of Micron Technology in the 1st quarter worth approximately $36,000. Finally, Portus Wealth Advisors LLC bought a new stake in shares of Micron Technology in the 1st quarter valued at approximately $37,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction that occurred on 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 directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is owned by corporate insiders.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron reported fiscal Q4 revenue of $54.23 billion, up 379% year over year, and adjusted EPS of $33.42, exceeding Wall Street estimates. Strong DRAM, NAND and high-bandwidth memory (HBM) demand—particularly from AI data centers—drove record sales and an 87% gross margin. Micron Q4 Earnings Beat Estimates
• Positive Sentiment: Management forecast fiscal Q1 2027 revenue of $60 billion to $63 billion and EPS of $37.15 to $39.15, above consensus expectations. The outlook suggests AI infrastructure demand and elevated memory pricing will remain strong. Micron Forecasts Quarterly Revenue Above Estimates
• Positive Sentiment: Supply is expected to remain constrained through at least 2028, with more than 75% of next year’s output already committed. Micron also has 26 strategic customer agreements covering more than 35% of projected revenue through 2030, improving visibility into future earnings and cash flow. MU Q4 Earnings Call Points to Tighter Supply
• Positive Sentiment: Analysts raised price targets following the report, including D.A. Davidson at $2,100, Cantor Fitzgerald at $2,000, Rosenblatt at $1,900, TD Cowen at $1,600 and RBC at $1,500, while maintaining bullish ratings.
• Neutral Sentiment: Micron plans roughly $25 billion in capital expenditures, including nearly $12 billion in the next quarter, to expand capacity. The investment supports long-term growth but could limit near-term free cash flow. Micron Q4 Favorable Outlook
• Negative Sentiment: The stock’s extremely strong prior rally has raised the performance bar. Investors may be selling because the earnings beat and guidance, while excellent, were not large enough to exceed lofty expectations. Concerns also include cyclical memory pricing, potential margin normalization and whether today’s supply shortage can persist as new capacity comes online. Why Micron’s Big Earnings Report Isn’t Lifting the Stock

Micron Technology Price Performance

Shares of MU stock traded down $2.25 during midday trading on Thursday, reaching $1,062.86. 23,422,756 shares of the company were exchanged, compared to its average volume of 41,838,383. Micron Technology, Inc. has a 12 month low of $179.61 and a 12 month high of $1,255.00. The company has a market cap of $1.20 trillion, a P/E ratio of 24.02, a PEG ratio of 0.67 and a beta of 2.22. The company’s 50 day moving average price is $952.75 and its two-hundred day moving average price is $814.16. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating the consensus estimate of $31.72 by $1.70. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same quarter in the prior year, the firm posted $3.03 earnings per share. The company’s revenue 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, sell-side analysts expect that Micron Technology, Inc. will post 73.12 earnings per share for the current year.

Micron Technology Dividend Announcement

The company 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 payout ratio is currently 1.36%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Itau BBA Securities increased their target price on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Micron Technology in a research report on Thursday. New Street Research upgraded shares of Micron Technology from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $470.00 to $1,250.00 in a research note on Friday, August 14th. Daiwa Securities Group raised their target price on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, Robert W. Baird lifted their target price on Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a research note on Monday. Forty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus 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.