Micron Technology, Inc. $MU Stock: Convergence Financial LLC Lowers Position

Convergence Financial LLC lessened its holdings in Micron Technology, Inc. (NASDAQ:MU) by 87.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 999 shares of the semiconductor manufacturer’s stock after selling 6,698 shares during the quarter. Convergence Financial LLC’s holdings in Micron Technology were worth $1,064,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. M.E. Allison & CO. Inc. raised its holdings in shares of Micron Technology by 0.8% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $1,528,000 after acquiring an additional 11 shares in the last quarter. Purus Wealth Management LLC boosted its position in shares of Micron Technology by 1.4% during the 3rd quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer’s stock valued at $867,000 after acquiring an additional 11 shares during the last quarter. Ables Iannone Moore & Associates Inc. boosted its position in shares of Micron Technology by 5.3% during the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer’s stock valued at $252,000 after acquiring an additional 12 shares during the last quarter. Koesten Hirschmann & Crabtree INC. grew its holdings in shares of Micron Technology by 5.6% during the third quarter. Koesten Hirschmann & Crabtree INC. now owns 228 shares of the semiconductor manufacturer’s stock worth $243,000 after purchasing an additional 12 shares in the last quarter. Finally, Physician Wealth Advisors Inc. grew its holdings in shares of Micron Technology by 1.6% during the third quarter. Physician Wealth Advisors Inc. now owns 762 shares of the semiconductor manufacturer’s stock worth $812,000 after purchasing an additional 12 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

MU opened at $983.23 on Thursday. The stock has a 50-day moving average price of $980.53 and a 200-day moving average price of $738.88. Micron Technology, Inc. has a 12-month low of $192.59 and a 12-month high of $1,255.00. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.11 trillion, a P/E ratio of 13.25, a PEG ratio of 0.15 and a beta of 2.22.

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 the consensus estimate of $31.77 by $1.65. The firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company’s revenue was up 379.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities analysts predict that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is presently 0.81%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, insider Scott J. Deboer sold 28,545 shares of Micron Technology stock in a transaction that occurred on Friday, October 16th. The shares were 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 approximately $132,687,000. This trade represents a 16.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’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 owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 83,545 shares of company stock worth $78,460,850 over the last ninety days. Insiders own 0.24% of the company’s stock.

Key Micron Technology News

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

• Positive Sentiment: SK Hynix points to sustained shortages. The South Korean memory maker reported a 632% year-over-year increase in operating profit and said its DRAM and high-bandwidth memory (HBM) capacity is effectively sold out through 2029. Management expects demand to exceed supply through 2030, a bullish read-through for Micron’s AI-focused HBM and broader DRAM businesses. Micron Stock Rises as SK Hynix Says DRAM and HBM Sold Out Through 2029
• Positive Sentiment: Micron’s own results show powerful momentum. The company recently reported quarterly revenue of $54.23 billion, up 379% from the prior year, and earnings of $33.42 per share, beating estimates. Its Q1 fiscal 2027 EPS guidance of $37.15 to $39.15 provides further evidence that the memory upcycle remains strong. Why Micron Stock Is Up Today
• Positive Sentiment: Valuation remains attractive to some investors. Articles note that Micron trades at a forward P/E below 6 after retreating from its June peak, while analysts and commentators including Jim Cramer view MU as a potential major beneficiary of the AI memory boom.
• Neutral Sentiment: Additional demand catalysts are emerging. Forecasts that robotics and physical AI could require substantially more memory support Micron’s long-term growth case, although these opportunities remain speculative and are not yet a material revenue driver.
• Negative Sentiment: Investors still face cyclical and valuation risks. Memory shortages can eventually reverse, potentially pressuring prices and profits. Micron’s recent pullback, elevated volatility, and close trading correlation with SK Hynix also leave the stock vulnerable if AI spending or supply-demand conditions weaken.

Analyst Ratings Changes

Several research analysts recently weighed in on MU shares. CLSA restated an “outperform” rating and issued a $1,700.00 price objective on shares of Micron Technology in a research report on Friday, October 2nd. BMO Capital Markets reiterated an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Seaport Research Partners reissued a “buy” rating on shares of Micron Technology in a research note on Friday, August 14th. Robert W. Baird boosted their price target on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the stock an “outperform” rating in a research note on Monday, September 28th. Finally, Wells Fargo & Company decreased their price target on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have issued a Hold rating to the 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, 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.