Micron Technology, Inc. $MU Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp cut its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 4.4% during the 3rd quarter, Holdings Channel reports. The firm owned 59,483 shares of the semiconductor manufacturer’s stock after selling 2,723 shares during the period. Micron Technology comprises 3.0% of UNIVEST FINANCIAL Corp’s investment portfolio, making the stock its 9th largest position. UNIVEST FINANCIAL Corp’s holdings in Micron Technology were worth $63,356,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Andar Capital Management HK Ltd lifted its holdings in shares of Micron Technology by 856,960.3% in 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 period. Primecap Management Co. CA acquired a new position in Micron Technology during the second quarter worth about $22,182,263,000. Bank of America Corp DE grew its holdings in Micron Technology by 26.6% during the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock worth $11,744,621,000 after acquiring an additional 2,136,470 shares during the period. Legal & General Group Plc bought a new stake in Micron Technology in the second quarter worth about $8,402,393,000. Finally, Dimensional Fund Advisors LP raised its position in Micron Technology by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,967,065 shares of the semiconductor manufacturer’s stock worth $2,352,282,000 after acquiring an additional 86,488 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Top Micron Technology Stories

Here are a few of the latest stories about MU:

• Positive Sentiment: CoreWeave strengthened the AI-demand outlook. The data-center company beat expectations and raised its 2026 revenue outlook; its CEO said demand for AI infrastructure exceeds available capacity. Because CoreWeave buys Micron’s memory chips, the news eased fears of slowing customer demand. Article: Micron Stock Jumps as CoreWeave Outlook Eases AI Spending Fears
• Positive Sentiment: AI-related business ties drew attention. Micron is among suppliers participating in Anthropic’s private placement, a development that may deepen its relationship with a major AI customer. Article: Micron Stocks Jump as Memory Rebound Meets Anthropic Placement
• Neutral Sentiment: Analyst opinions are mixed. While Goldman is bullish on Micron’s valuation, it reportedly sees better value in some memory rivals. Bank of America also removed MU from its top-picks list, though it kept a Buy rating. Article: Micron Is Rebounding. Goldman Prefers These Memory Stocks

Micron Technology Trading Up 11.9%

NASDAQ:MU opened at $811.30 on Thursday. The stock has a market cap of $917.92 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.13 and a beta of 2.36. 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. The stock’s 50-day moving average is $950.48 and its two-hundred day moving average is $760.41.

Micron Technology (NASDAQ:MU) last announced 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 firm had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same period in the previous year, the firm posted $3.03 earnings per share. The firm’s 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. As a group, equities research analysts forecast that Micron Technology, Inc. will post 175.22 earnings per share 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 paid 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 0.81%.

Insider Activity

In other news, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scott 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 completion of the transaction, the insider directly owned 147,430 shares in the company, valued at $132,687,000. This trade represents 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 worth $78,460,850 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Morgan Stanley reissued an “overweight” rating and issued a $1,200.00 price target on shares of Micron Technology in a report on Thursday, October 1st. DA Davidson boosted their target price on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Arete Research increased their target price on shares of Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. ThinkEquity restated a “buy” rating on shares of Micron Technology in a research report on Monday, August 3rd. Finally, New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and upped their price target for the company from $470.00 to $1,250.00 in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

About Micron Technology

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.