Micron Technology, Inc. $MU Stock Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 61.2% in the third quarter, HoldingsChannel.com reports. The firm owned 867 shares of the semiconductor manufacturer’s stock after selling 1,370 shares during the period. Micron Technology comprises about 1.5% of Thurston Springer Miller Herd & Titak Inc.’s investment portfolio, making the stock its 7th largest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in Micron Technology were worth $923,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Andar Capital Management HK Ltd boosted its position in shares of Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock valued at $39,571,847,000 after buying an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA bought a new stake in Micron Technology during the second quarter worth $22,182,263,000. Legal & General Group Plc bought a new stake in Micron Technology during the second quarter worth $8,402,393,000. Situational Awareness LP raised its position in Micron Technology by 1,149.0% in the 2nd quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock valued at $5,573,819,000 after buying an additional 5,289,124 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Micron Technology in the 2nd quarter valued at $3,761,237,000. 80.84% of the stock is owned by institutional investors.

Key Micron Technology News

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

• Positive Sentiment: Strong AI-driven demand and customer commitments support the outlook. Micron has secured long-term agreements with major customers, including 26 strategic contracts and commitments covering a substantial portion of fiscal 2027 output. Analysts argue these arrangements could reduce the company’s exposure to the traditional memory cycle. Micron’s Customer Contracts Just Took the Memory Cycle Off the Table
• Positive Sentiment: Buybacks and bullish analyst views provide potential support. Micron’s board authorized roughly $35 billion in share repurchases, while Rosenblatt maintained a Buy rating with a $1,900 price target. Erste Group also raised its fiscal 2027 earnings estimate to $173.31 per share. These actions suggest confidence in future cash generation, although the buyback’s impact depends on the company’s December update. Micron’s Buybacks Should Be Opening Your Eyes Right Now
• Positive Sentiment: Elon Musk praised Micron’s pricing strategy. Musk said Micron has been reasonable on future memory prices, contrasting it with unnamed competitors he called “extortionate.” The comments may reinforce the view that Micron is prioritizing long-term customer relationships and could offer modest sentiment support. Elon Musk Says Micron Has Been Reasonable on Future Pricing
• Neutral Sentiment: Recent results remain very strong, but investors question their durability. Fiscal fourth-quarter revenue rose 379% year over year to $54.23 billion, and adjusted EPS exceeded expectations. However, Micron’s low forward valuation indicates that investors expect current earnings and margins to be near cyclical highs.
• Negative Sentiment: China’s CXMT is the primary source of selling pressure. Investors are concerned that ChangXin Memory Technologies’ progress on denser 4F-square DRAM could eventually challenge Micron in high-end server memory and weaken pricing power. The technology is not yet proven at commercial scale, but the possibility of future oversupply has triggered broad selling across memory stocks. Memory Stocks Extend Slide Following News of a Design Breakthrough in China
• Negative Sentiment: Additional risks include a potential Taiwan labor disruption and a $600 million Netlist settlement. A strike authorization at Micron’s Taoyuan facility could affect production if negotiations fail, while quarterly settlement payments will weigh on future cash flow. These concerns are amplifying profit-taking after MU’s substantial run-up.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MU shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2,000.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Citigroup lifted their target price on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. Raymond James Financial reissued an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. JPMorgan Chase & Co. boosted their target price on Micron Technology from $550.00 to $1,540.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Finally, New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and upped their target price for the company from $470.00 to $1,250.00 in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Scott R. Allen sold 879 shares of the stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the transaction, 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 position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is owned by insiders.

Micron Technology Stock Performance

NASDAQ MU traded down $26.42 on Wednesday, hitting $926.77. 14,898,531 shares of the stock traded hands, compared to its average volume of 41,138,832. The business’s fifty day moving average is $984.44 and its two-hundred day moving average is $853.14. Micron Technology, Inc. has a 12 month low of $187.42 and a 12 month high of $1,255.00. The firm has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 12.48, a PEG ratio of 0.17 and a beta of 2.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $31.77 by $1.65. The firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business’s revenue was up 379.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities analysts anticipate 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. Investors of record on Wednesday, October 14th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 0.81%.

About Micron Technology

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.