Micron Technology, Inc. $MU Shares Purchased by CenterBook Partners LP

CenterBook Partners LP increased its position in Micron Technology, Inc. (NASDAQ:MU) by 30.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,854 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,656 shares during the quarter. Micron Technology makes up about 0.9% of CenterBook Partners LP’s investment portfolio, making the stock its 9th largest holding. CenterBook Partners LP’s holdings in Micron Technology were worth $21,147,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Bullseye Investment Management LLC bought a new stake in shares of Micron Technology during the 2nd quarter valued at $27,000. Aventus Investment Advisors Inc. bought a new position in shares of Micron Technology in the 3rd quarter worth about $30,000. Steph & Co. bought a new position in shares of Micron Technology in the 3rd quarter worth about $31,000. Montgomery Financial Services LLC purchased a new position in Micron Technology during the 2nd quarter valued at about $38,000. Finally, Bfsg LLC lifted its position in Micron Technology by 1,950.0% during the 3rd quarter. Bfsg LLC now owns 41 shares of the semiconductor manufacturer’s stock valued at $44,000 after acquiring an additional 39 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Stock Up 5.1%

Micron Technology stock traded up $33.61 during trading hours on Friday, hitting $690.00. The stock had a trading volume of 44,738,293 shares, compared to its average volume of 26,678,026. The stock’s 50-day moving average price is $961.59 and its 200-day moving average price is $754.99. The stock has a market capitalization of $780.68 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 0.14 and a beta of 2.36. Micron Technology, Inc. has a 12-month low of $192.59 and a 12-month 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.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. The firm had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business’s revenue for the quarter was up 379.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities research analysts anticipate that Micron Technology, Inc. will post 175.19 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th were 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 was Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is currently 0.81%.

Wall Street Analysts Forecast Growth

MU has been the topic of a number of recent research reports. Raymond James Financial restated an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Arete Research lifted their target price on shares of Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Citigroup boosted their price target on 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. Mizuho upped their price target on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Thursday, October 1st. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Micron Technology presently has a consensus rating of “Moderate Buy” and an average target price of $1,407.88.

More Micron Technology News

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

• Positive Sentiment: Micron’s latest quarter showed sharply higher sales, and its next-quarter revenue guidance reportedly exceeded Wall Street expectations. Analysts cited continued memory demand, especially for AI systems, as support for the business outlook. Why Micron Stock Is Up Today
• Positive Sentiment: Some investors and analysts view the recent selloff as excessive, pointing to Micron’s low forward valuation, customer commitments, and potential for buybacks. A separate analysis argues that U.S. DRAM production could be economically viable with government incentives and customer premiums. Micron: The Story Is Far From Being Over (Rating Upgrade)
• Neutral Sentiment: The stock’s sharp swings reflect a split outlook: robust current memory demand and results are being balanced against uncertainty about how durable AI-related spending will be. Micron Stock Rebounds After Selloff as AI Demand Risks Persist
• Negative Sentiment: Investors remain concerned that proposed restrictions on AI data centers—including permitting, power-use, and environmental rules—could delay projects and curb demand for memory chips. These fears helped drive the prior session’s steep decline. Could Micron Face Slower AI Demand From New Data Center Rules?
• Negative Sentiment: A reported pause in construction of Micron’s planned Taiwan facility, following a labor dispute, adds uncertainty around its manufacturing expansion and future capacity. Micron Plunges Amid Chip Selloff and Taiwan Plant Halt

Insiders Place Their Bets

In other news, insider Scott J. Deboer sold 28,545 shares of the company’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the transaction, the insider directly owned 147,430 shares of the company’s stock, valued at $132,687,000. This represents a 16.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the 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 sale, 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 83,545 shares of company stock valued at $78,460,850. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Company 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.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into a global technology company with operations and customers across multiple regions.