Micron Technology, Inc. $MU Stock Bought by Sageworth Trust Co

Sageworth Trust Co grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 72.1% in the third quarter, Holdings Channel.com reports. The fund owned 2,056 shares of the semiconductor manufacturer’s stock after buying an additional 861 shares during the quarter. Sageworth Trust Co’s holdings in Micron Technology were worth $2,190,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Bullseye Investment Management LLC purchased a new stake in shares of Micron Technology during the second quarter valued at $27,000. Aventus Investment Advisors Inc. acquired a new position in shares of Micron Technology in the 3rd quarter valued at $30,000. Steph & Co. acquired a new position in shares of Micron Technology in the 3rd quarter valued at $31,000. Montgomery Financial Services LLC purchased a new position in Micron Technology in the 2nd quarter worth about $38,000. Finally, Scarborough Advisors LLC purchased a new position in Micron Technology in the 1st quarter worth about $45,000. 80.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the 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 transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology 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 completion of the transaction, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 83,545 shares of company stock valued at $78,460,850 over the last 90 days. 0.24% of the stock is currently owned by company insiders.

Micron Technology Stock Down 7.0%

MU opened at $795.23 on Thursday. The company has a market capitalization of $899.74 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.15 and a beta of 2.36. The business has a 50-day moving average of $972.16 and a 200-day moving average of $751.90. Micron Technology, Inc. has a fifty-two week low of $192.59 and a fifty-two week 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.

Micron Technology (NASDAQ:MU) last issued 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 firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same quarter last year, the firm earned $3.03 earnings per share. The company’s revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities research analysts forecast that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th were given 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 yield of 0.1%. Micron Technology’s dividend payout ratio is presently 0.81%.

Wall Street Analyst Weigh In

A number of research firms have commented on MU. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. CLSA reissued an “outperform” rating and issued a $1,700.00 target price on shares of Micron Technology in a research report on Friday, October 2nd. Wells Fargo & Company dropped their target price on shares of 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. Wedbush restated an “outperform” rating and set a $1,400.00 price target on shares of Micron Technology in a report on Monday, September 28th. Finally, DA Davidson upped their price target on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. 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. According to MarketBeat.com, Micron Technology presently has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Apple expects memory prices to keep rising beyond its December quarter, a sign of continued pricing strength that could support Micron’s revenue and margins. Apple Says It Will Keep Paying More for Memory Chips After December
• Positive Sentiment: A bullish outlook argues that AI-driven memory demand and chip shortages may persist, supporting the case for continued growth. Prediction: Micron Stock Will Triple in 2027
• Negative Sentiment: Investors reportedly grew concerned that Democratic election gains could slow AI data-center construction. If spending is delayed, memory demand could weaken, inventories rise and Micron’s pricing power fade. Why Micron Stock Is Falling Today
• Negative Sentiment: Memory and storage shares sold off even as the broader market advanced, reflecting concern about AI investment plans and whether higher memory costs could curb hardware demand. Micron Stock Faces a Memory Price Conundrum in Wake of Democrat Success
• Negative Sentiment: Market commentator Tom Sosnoff warned that the semiconductor selloff could have further to run, adding near-term risk for MU. Micron Stock Ranks at Top of the Funnel, but Chip Selloff Has Room to Run

Micron Technology Profile

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.