Micron Technology, Inc. $MU Shares Sold by Worth Asset Management LLC

Worth Asset Management LLC reduced its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 27.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,391 shares of the semiconductor manufacturer’s stock after selling 907 shares during the quarter. Micron Technology accounts for approximately 0.7% of Worth Asset Management LLC’s investment portfolio, making the stock its 27th biggest holding. Worth Asset Management LLC’s holdings in Micron Technology were worth $2,547,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Andar Capital Management HK Ltd boosted its position in 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 worth $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA purchased a new position in shares of Micron Technology during the 2nd quarter valued at approximately $22,182,263,000. Bank of America Corp DE lifted its position in shares of Micron Technology by 26.6% during the 2nd quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after buying an additional 2,136,470 shares in the last quarter. Legal & General Group Plc acquired a new stake in Micron Technology in the 2nd quarter valued at $8,402,393,000. Finally, Wellington Management Group LLP increased its holdings in Micron Technology by 28.7% in the 2nd quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock worth $5,823,556,000 after acquiring an additional 1,125,414 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Street-high price target: DA Davidson raised its target to $3,000 from $2,100 while maintaining a Buy rating, arguing that AI-related memory demand could support a multiyear growth runway. DA Davidson raises Micron price target
• Positive Sentiment: AI memory demand remains robust: Analysts highlighted that more than 75% of Micron’s fiscal 2027 shipments are committed, with customers already discussing 2028 allocations. Data-center SSDs, high-bandwidth memory and AI-agent workloads are broadening demand beyond traditional memory markets. Micron AI memory supercycle analysis
• Positive Sentiment: Strong analyst sentiment: MU was added to Zacks’ Rank #1 Strong Buy and momentum lists, reinforcing the favorable view following its record fiscal fourth-quarter results and upbeat first-quarter fiscal 2027 guidance. Zacks Strong Buy momentum list
• Neutral Sentiment: Patent litigation resolved: Micron agreed to pay Netlist $600 million, including quarterly licensing payments over five years, to settle patent disputes. The deal removes legal uncertainty but creates a significant cash obligation. Micron Netlist patent settlement
• Negative Sentiment: Strike authorization adds execution risk: Workers at Micron’s Taiwan facilities authorized a strike over bonus negotiations. No walkout was announced, but Taiwan represents a substantial portion of Micron’s manufacturing footprint, creating potential production and supply-chain concerns. Micron Taiwan strike authorization
• Negative Sentiment: Profit-taking and cycle concerns: Investors remain wary that gross margins and memory pricing may be near a peak, while Michael Burry’s longer-dated put positions add a bearish signal after MU’s substantial rally.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. CLSA restated an “outperform” rating and issued a $1,700.00 target price on shares of Micron Technology in a research report on Friday, October 2nd. Daiwa Securities Group increased their price target on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Robert W. Baird upped their price target on Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a research note on Monday, September 28th. DA Davidson increased their price target on Micron Technology from $2,100.00 to $3,000.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Zacks Research lowered shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Forty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Micron Technology currently has an average rating of “Moderate Buy” and an average price target of $1,407.88.

Insider Buying and Selling

In related news, CAO Scott Allen sold 879 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 95,879 shares of company stock worth $90,939,466. Company insiders own 0.24% of the company’s stock.

Micron Technology Trading Up 4.1%

Shares of MU stock traded up $43.11 on Wednesday, hitting $1,088.67. The stock had a trading volume of 19,805,426 shares, compared to its average volume of 41,534,551. The company’s 50 day moving average price is $965.73 and its 200-day moving average price is $831.69. Micron Technology, Inc. has a 1 year low of $179.61 and a 1 year high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The firm has a market capitalization of $1.23 trillion, a P/E ratio of 14.64, a P/E/G ratio of 0.19 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last released its earnings results 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. The company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%.Micron Technology’s revenue was up 379.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Analysts anticipate that Micron Technology, Inc. will post 167.29 earnings per share for the current year.

Micron Technology Dividend Announcement

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

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.