2,129 Micron Technology, Inc. $MU Shares Sold by Central Bank & Trust Co.

Central Bank & Trust Co. cut its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 49.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,216 shares of the semiconductor manufacturer’s stock after selling 2,129 shares during the quarter. Central Bank & Trust Co.’s holdings in Micron Technology were worth $2,360,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. M.E. Allison & CO. Inc. raised its stake in Micron Technology by 0.8% during the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after acquiring an additional 11 shares in the last quarter. Ables Iannone Moore & Associates Inc. grew its stake in shares of Micron Technology by 5.3% during the third quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer’s stock worth $252,000 after purchasing an additional 12 shares during the period. Cherrydale Wealth Management LLC increased its holdings in Micron Technology by 1.4% in the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after purchasing an additional 13 shares during the last quarter. Bellevue Asset Management LLC increased its stake in shares of Micron Technology by 25.5% in the 2nd quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock valued at $74,000 after acquiring an additional 13 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC raised its position in shares of Micron Technology by 8.8% in the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer’s stock valued at $186,000 after acquiring an additional 13 shares during the period. Institutional investors and hedge funds 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 that occurred 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 transaction, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares of the company’s stock, valued at $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is owned by insiders.

Micron Technology Price Performance

Shares of MU stock traded down $7.23 on Friday, reaching $1,028.61. The company had a trading volume of 11,781,236 shares, compared to its average volume of 41,385,266. Micron Technology, Inc. has a one year low of $179.61 and a one year high of $1,255.00. 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 stock has a market capitalization of $1.16 trillion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 0.19 and a beta of 2.22. The business’s 50-day moving average is $975.93 and its 200 day moving average is $840.54.

Micron Technology (NASDAQ:MU) last posted its 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. The business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm’s revenue was up 379.1% compared to the same quarter last year. During the same period last year, the company earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities research analysts forecast that Micron Technology, Inc. will post 175.82 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. Micron Technology’s dividend payout ratio is presently 0.81%.

Analyst Ratings Changes

Several research analysts have recently weighed in on MU shares. New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $470.00 to $1,250.00 in a research report on Friday, August 14th. Wells Fargo & Company lowered their target price on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 23rd. BNP Paribas Exane upped their price objective on shares of Micron Technology from $615.00 to $1,700.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Argus lowered their target price on Micron Technology from $1,500.00 to $540.00 and set a “buy” rating on the stock in a research note on Thursday, June 25th. Finally, Bank of America increased their price objective on Micron Technology from $950.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,407.88.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: AI memory demand remains the central bullish catalyst. Analysts and investors argue that data-center expansion, high-bandwidth memory (HBM) and emerging “agentic AI” workloads could keep demand ahead of supply through 2027–2028. More than 75% of Micron’s fiscal 2027 shipments are reportedly committed, while customers are already discussing allocations for 2028. Micron: Bears Are Fighting Physics With Spreadsheets
• Positive Sentiment: Recent earnings and guidance support continued profit growth. Micron reported fiscal fourth-quarter revenue of $54.23 billion and adjusted EPS of $33.42, well above the prior year. Management’s fiscal Q1 2027 outlook calls for $60 billion–$63 billion in revenue and $37.15–$39.15 in adjusted EPS. Supporters believe strategic customer agreements and client deposits make the business less vulnerable to a traditional memory downturn. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Positive Sentiment: Analyst sentiment has improved. Zacks upgraded Micron to “strong buy,” while D.A. Davidson raised its price target to $3,000, citing sustained AI demand and constrained memory supply. These targets are highly bullish and help explain buying interest during pullbacks. Micron Technology Stock Rating Upgraded by Zacks Research
• Neutral Sentiment: Trading is choppy after an exceptional run. Micron has gained substantially over the past year, leaving investors focused on whether future earnings can justify the valuation. The stock remains above its 50-day and 200-day moving averages, but major gains may require another earnings beat or clearer evidence that supply will remain tight. Micron Stock Is Range-Bound in Choppy AI Trade
• Negative Sentiment: Broader concerns are weighing on the shares. A report suggesting OpenAI’s annualized revenue was below expectations triggered selling across AI-related stocks, although analysts said the comparison may reflect reporting differences rather than weaker AI demand. Samsung’s record profit also highlighted concerns that memory-price and earnings growth could be slowing. Micron, Nvidia and AI Chip Stocks Fall
• Negative Sentiment: Labor disruption is an additional risk. Workers at Micron’s major Taiwan DRAM facility overwhelmingly authorized a strike amid a bonus dispute. A work stoppage could disrupt production, increase costs or complicate efforts to meet already-committed customer demand. Micron Taiwan Union Strike Authorization

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.