Micron Technology, Inc. $MU Stock: Illinois Municipal Retirement Fund Grows Position

Illinois Municipal Retirement Fund lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 21.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,149 shares of the semiconductor manufacturer’s stock after acquiring an additional 10,267 shares during the period. Micron Technology accounts for approximately 0.7% of Illinois Municipal Retirement Fund’s investment portfolio, making the stock its 15th biggest holding. Illinois Municipal Retirement Fund’s holdings in Micron Technology were worth $61,935,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Northbridge Financial Group LLC grew its position in shares of Micron Technology by 22.3% in the 3rd quarter. Northbridge Financial Group LLC now owns 471 shares of the semiconductor manufacturer’s stock valued at $492,000 after buying an additional 86 shares during the last quarter. Brooklyn FI LLC purchased a new stake in Micron Technology in the third quarter valued at $759,000. Knights of Columbus Asset Advisors LLC lifted its position in Micron Technology by 37.7% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 23,877 shares of the semiconductor manufacturer’s stock valued at $25,432,000 after acquiring an additional 6,542 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. boosted its stake in Micron Technology by 17.6% in the third quarter. Woodley Farra Manion Portfolio Management Inc. now owns 287 shares of the semiconductor manufacturer’s stock valued at $306,000 after acquiring an additional 43 shares in the last quarter. Finally, 626 Financial LLC boosted its stake in Micron Technology by 3.4% in the third quarter. 626 Financial LLC now owns 555 shares of the semiconductor manufacturer’s stock valued at $591,000 after acquiring an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was 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 of the company’s stock, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott J. Deboer sold 28,545 shares of the stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $900.00, for a total value of $25,690,500.00. Following the sale, the insider directly owned 147,430 shares of the company’s stock, valued at $132,687,000. The trade was a 16.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 83,545 shares of company stock valued at $78,460,850 over the last quarter. 0.24% of the stock is currently owned by insiders.

Micron Technology Stock Down 1.1%

MU stock opened at $725.11 on Wednesday. The company has a market cap of $820.40 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 0.13 and a beta of 2.36. The company has a fifty day moving average price of $952.93 and a 200 day moving average price of $758.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. Micron Technology, Inc. has a 12 month low of $192.59 and a 12 month high of $1,255.00.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same period in the previous year, the business posted $3.03 earnings per share. Micron Technology’s quarterly 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. Sell-side analysts expect that Micron Technology, Inc. will post 175.22 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 0.81%.

Micron Technology News Roundup

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

• Positive Sentiment: Several analysts see substantial upside, citing continued demand for memory chips from AI infrastructure and a valuation they consider inexpensive. Goldman Sachs characterized the shares as attractively valued, while KeyBanc sees potential for a significant recovery; these are analyst views, not guaranteed outcomes. Micron stock is a screaming buy at current valuation levels: Goldman Sachs KeyBanc analyst sees upside
• Positive Sentiment: Micron’s reported record revenue and earnings beat, strong earnings-growth expectations, and low multiple—about four times projected fiscal 2027 earnings according to one report—support the bullish case. Micron valuation and earnings
• Positive Sentiment: A reported $35 billion share-buyback program is expected to begin December 9, potentially adding a source of shareholder demand. Micron’s buyback can start December 9
• Neutral Sentiment: Bank of America removed Micron from its “US 1” list but reportedly maintained a Buy rating, suggesting reduced conviction rather than a change to its formal recommendation. Micron removed from BofA’s top stock list
• Negative Sentiment: Investors are concerned that political and local opposition to data-center construction, along with questions about the sustainability of AI spending, could weaken future demand. The stock’s recent steep retreat reflects these worries despite strong reported results. Why Micron stock is falling
• Negative Sentiment: Micron remains exposed to the memory industry’s boom-and-bust cycles. Commentary about a possible “cyclical cliff” raises concern that today’s strong pricing and earnings may not last, even with much of next year’s supply reportedly committed. Micron faces cyclical risks

Wall Street Analyst Weigh In

MU has been the topic of several research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Susquehanna reissued a “positive” rating on shares of Micron Technology in a report on Thursday, October 1st. The Goldman Sachs Group set a $1,250.00 target price on Micron Technology in a report on Thursday, October 1st. 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 research report on Friday, August 14th. Finally, Raymond James Financial restated an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Profile

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices. Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.