Micron Technology, Inc. $MU Shares Bought by Legacy Private Trust Co.

Legacy Private Trust Co. lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 295.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,878 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,403 shares during the period. Legacy Private Trust Co.’s holdings in Micron Technology were worth $2,000,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in MU. Denali Advisors LLC acquired a new position in Micron Technology in the second quarter valued at about $7,364,000. Castleark Management LLC acquired a new stake in shares of Micron Technology during the first quarter worth approximately $3,709,000. Legacy Wealth Management LLC MS increased its holdings in shares of Micron Technology by 73.3% during 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 in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Micron Technology by 16.0% in the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock valued at $56,006,000 after acquiring an additional 6,702 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC raised its stake in shares of Micron Technology by 2,461.4% in the second quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock valued at $42,871,000 after acquiring an additional 35,691 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 95,879 shares of company stock valued at $90,939,466 over the last three months. Company insiders own 0.24% of the company’s stock.

Micron Technology Trading Down 0.2%

Shares of NASDAQ:MU traded down $1.72 during trading on Tuesday, hitting $1,062.24. 11,224,558 shares of the company’s stock were exchanged, compared to its average volume of 41,602,344. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.20 trillion, a P/E ratio of 14.32, a PEG ratio of 0.20 and a beta of 2.22. The firm has a 50-day moving average price of $961.23 and a two-hundred day moving average price of $827.58. Micron Technology, Inc. has a 1-year low of $179.61 and a 1-year high of $1,255.00.

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 $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same period in the prior year, the business posted $3.03 earnings per share. Micron Technology’s revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities analysts predict that Micron Technology, Inc. will post 165.51 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is currently 0.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MU shares. JPMorgan Chase & Co. increased their price target on Micron Technology from $550.00 to $1,540.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Robert W. Baird boosted their price objective on Micron Technology from $1,280.00 to $1,520.00 and gave the stock an “outperform” rating in a research note on Monday, September 28th. Raymond James Financial restated an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. New Street Research upgraded shares of Micron Technology from a “neutral” rating to a “buy” rating and upped their price target for the stock from $470.00 to $1,250.00 in a research report on Friday, August 14th. Finally, Susquehanna restated a “positive” rating on shares of Micron Technology in a research report on Thursday, October 1st. Forty-one equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Micron Technology currently has a consensus rating of “Moderate Buy” and an average target price of $1,385.93.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron’s fiscal fourth-quarter results substantially exceeded expectations, with revenue of $54.23 billion, EPS of $33.42 and gross margins near 87%. Management also provided strong first-quarter fiscal 2027 guidance, reinforcing the AI-related demand outlook. What’s Going on With Micron Stock?
• Positive Sentiment: Several analysts remain bullish because data-center AI demand, strategic customer agreements and constrained memory supply could support pricing and revenue growth through fiscal 2027–2028. Susquehanna reportedly sees substantial upside, while other analysts characterize MU as inexpensive relative to its growth prospects. Micron Stock Could Nearly Double From Here
• Positive Sentiment: Micron could begin returning more of its unusually large cash generation to shareholders through stock repurchases after CHIPS Act restrictions expire on December 9, creating a potential future catalyst. Why Investors Should Be Watching This Date for Micron
• Neutral Sentiment: Micron and Netlist entered patent-license and settlement agreements reportedly valued at $600 million. The deal may reduce legal uncertainty, although investors may focus on the size and timing of any cash payment. Netlist and Micron Enter Patent License and Settlement Agreements
• Negative Sentiment: Bearish commentary highlights a sharp sequential slowdown in DRAM average selling-price growth—from 62% to 19%—along with expectations for lower gross margins, more moderate price increases and higher fiscal 2027 capital spending. These concerns raise the risk that peak-cycle earnings are already being priced in. Micron: Wishful Thinking at Its Finest
• Negative Sentiment: Investors remain concerned that additional memory-chip production could eventually weaken pricing, while Micron is also accusing a Chinese rival of misappropriating engineers and technology—an issue that could create legal and competitive risks. Micron Says a Chinese Rival Poached Its Engineers

Micron Technology 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.