1,980 Shares in Micron Technology, Inc. $MU Acquired by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. acquired a new stake in Micron Technology, Inc. (NASDAQ:MU) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,980 shares of the semiconductor manufacturer’s stock, valued at approximately $331,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MU. First Command Advisory Services Inc. increased its stake in Micron Technology by 225.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 153 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Micron Technology during the third quarter valued at about $27,000. Howard Hughes Medical Institute bought a new stake in shares of Micron Technology during the second quarter worth about $30,000. AlphaQuest LLC increased its position in shares of Micron Technology by 13,250.0% during the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after acquiring an additional 265 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Micron Technology by 79.3% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock worth $33,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: Micron announced a $24 billion NAND “megafab” project in Singapore, a major capacity expansion that reinforces its position in NAND and supports long-term revenue potential from data-center and AI demand. Micron Technology (MU) Is Up 6.7% After Launching $24 Billion Singapore NAND Megafab Project
• Positive Sentiment: Mizuho raised its price target to $480 and kept an Outperform rating, signaling continued analyst conviction behind the AI/memory growth story. Mizuho Lifts Micron Technology, Inc. (MU)’s Price Target To $480, Maintains Outperform Rating
• Positive Sentiment: Phillip Securities set a $500 price target, citing strong HBM (high-bandwidth memory) demand tied to AI workloads — another bullish analyst view supporting upside. Micron (MU) Stock: Phillip Securities Sets $500 Price Target on HBM Demand
• Positive Sentiment: Apple’s management highlighted memory/supply constraints on its earnings call, which the market interprets as a tailwind for memory suppliers like Micron. Apple CEO Tim Cook Just Gave Great News to Micron Investors
• Positive Sentiment: Recent coverage points to AI-driven memory demand as the main driver of a ~45% rally last month, validating the growth narrative that underpins current multiples. How Micron Technology Stock Soared 45% Last Month
• Neutral Sentiment: MSN reports a price-target increase of ~11.6% to $356.87 — a positive revision but still below the current share price, so limited near-term signal. Micron Technology (MU) price target increased by 11.59% to 356.87
• Neutral Sentiment: Coverage on valuation and institutional positioning (Ashva Capital holding, evolving valuation stories) highlights heightened investor interest but also wider debate over whether future growth is fully priced. How The Evolving Story On Micron Technology (MU) Is Shaping Its Valuation Now
• Negative Sentiment: After a rapid run-up, traders are locking in gains: profit-taking and unusual options activity are cited as drivers of today’s pullback, and concerns about very large future capex commitments are weighing on sentiment. Micron stock sinks after big rally: why profit-taking is hitting now
• Negative Sentiment: Analysis warns that many of Micron’s tailwinds may already be priced in, which can increase downside risk if growth or margins miss lofty expectations. Micron: Tailwinds Priced In
• Negative Sentiment: Market commentaries (e.g., Zacks) summarize the dip as greater-than-market weakness driven by the combination of profit-taking and valuation caution. Why Micron (MU) Dipped More Than Broader Market Today

Insider Buying and Selling at Micron Technology

In other news, Director Teyin M. Liu bought 11,600 shares of the firm’s stock in a transaction on Tuesday, January 13th. The stock was acquired at an average cost of $337.07 per share, with a total value of $3,910,012.00. Following the completion of the transaction, the director directly owned 14,310 shares of the company’s stock, valued at $4,823,471.70. This represents a 428.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 8,757 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $241.34, for a total value of $2,113,414.38. Following the transaction, the chief executive officer directly owned 400,321 shares in the company, valued at $96,613,470.14. This represents a 2.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders purchased 23,200 shares of company stock valued at $7,821,723 and sold 61,123 shares valued at $19,547,151. 0.24% of the stock is currently owned by company insiders.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $419.44 on Wednesday. The company has a market capitalization of $472.08 billion, a P/E ratio of 39.87 and a beta of 1.52. The company’s 50-day moving average is $309.49 and its 200 day moving average is $216.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $455.50.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping the consensus estimate of $3.77 by $1.01. The business had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company’s revenue for the quarter was up 56.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were paid a $0.115 dividend. The ex-dividend date was Monday, December 29th. This represents a $0.46 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio is presently 4.37%.

Wall Street Analyst Weigh In

A number of analysts have commented on MU shares. New Street Research reissued a “neutral” rating on shares of Micron Technology in a report on Tuesday, October 14th. Hsbc Global Res upgraded Micron Technology to a “strong-buy” rating in a report on Friday, January 23rd. The Goldman Sachs Group increased their price target on Micron Technology from $205.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, December 18th. TD Cowen lifted their price objective on shares of Micron Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. increased their target price on shares of Micron Technology from $220.00 to $350.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Five research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $349.76.

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.