TD Waterhouse Canada Inc. Acquires 50,085 Shares of Micron Technology, Inc. $MU

TD Waterhouse Canada Inc. raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 39.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 177,462 shares of the semiconductor manufacturer’s stock after buying an additional 50,085 shares during the period. TD Waterhouse Canada Inc.’s holdings in Micron Technology were worth $194,976,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Bullseye Investment Management LLC purchased a new position in shares of Micron Technology during the 2nd quarter worth $27,000. Aventus Investment Advisors Inc. bought a new stake in shares of Micron Technology during the 3rd quarter valued at $30,000. Steph & Co. purchased a new stake in shares of Micron Technology in the 3rd quarter worth $31,000. Montgomery Financial Services LLC purchased a new stake in shares of Micron Technology in the 2nd quarter worth $38,000. Finally, JNBA Financial Advisors raised its holdings in Micron Technology by 77.3% in the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock worth $45,000 after purchasing an additional 17 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron’s long-term outlook remains supported by tight memory supply and robust AI demand. Analysts and commentators point to expanding margins, pricing strength, high-bandwidth memory (HBM) growth, and management’s expectation that supply constraints could persist through 2028. Micron: Why You Should Buy Before Dec’26
• Positive Sentiment: Recent results exceeded expectations: fiscal fourth-quarter revenue reached approximately $54.2 billion, above the high end of management’s outlook, while full-year revenue reportedly rose to about $133.2 billion. Supporters also cite long-term customer agreements, price floors, potential share repurchases under Micron’s $35 billion authorization, and continued investment in U.S. manufacturing. Micron Stock Is 25% Below Its June Record
• Positive Sentiment: ASML’s comments that demand for advanced chipmaking equipment exceeds supply through 2028 are viewed as favorable for Micron, a major ASML customer developing next-generation HBM products. Micron also pledged $50 million to U.S. memory research, reinforcing its domestic technology and supply-chain strategy. ASML Just Delivered Excellent News for Micron Stock Investors
• Neutral Sentiment: Several analysts continue to describe the retreat as a potential buying opportunity, citing Micron’s valuation and earnings growth. However, bullish price targets depend on memory demand remaining strong and the current pricing cycle lasting longer than expected.
• Negative Sentiment: Investors remain concerned that CXMT’s progress in DDR5, LPDDR5X, and server memory could pressure pricing and market share, particularly in conventional memory. A possible industry oversupply later this decade adds to the cyclical risk. Memory stocks are getting hammered
• Negative Sentiment: The broader AI trade is under pressure as investors question whether data-center spending can generate adequate returns and whether highly leveraged “neocloud” companies can remain viable. Higher inflation and the prospect of additional interest-rate increases are also encouraging rotation away from expensive technology stocks.
• Negative Sentiment: One senior executive sold 6,328 Micron shares on October 14. The transaction appears isolated and is small relative to the company, but it adds a modest negative signal during an already weak trading period. Monster insider trading alert for Micron stock

Analyst Ratings Changes

MU has been the topic of several analyst reports. President Capital lifted their target price on Micron Technology to $1,500.00 and gave the company a “buy” rating in a research report on Friday, July 17th. The Goldman Sachs Group set a $1,250.00 price target on Micron Technology in a report on Thursday, October 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $1,500.00 price target on shares of Micron Technology in a report on Thursday, October 1st. JPMorgan Chase & Co. upped their price target on Micron Technology from $550.00 to $1,540.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Finally, Wells Fargo & Company decreased their price objective on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Insiders Place Their Bets

In other news, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 95,879 shares of company stock worth $90,939,466. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $878.84 on Friday. The firm has a fifty day moving average price of $985.88 and a 200-day moving average price of $861.24. 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 has a market cap of $994.34 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 0.15 and a beta of 2.22. Micron Technology, Inc. has a 1 year low of $192.40 and a 1 year high of $1,255.00.

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

Micron Technology Announces Dividend

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 paid a $0.15 dividend. 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 is presently 0.81%.

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.