Essex Bank Invests $247,000 in Micron Technology, Inc. $MU

Essex Bank bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,477 shares of the semiconductor manufacturer’s stock, valued at approximately $247,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Micron Technology during the second quarter worth about $1,980,700,000. Slate Path Capital LP acquired a new position in Micron Technology in the 2nd quarter worth approximately $317,751,000. Vanguard Group Inc. raised its position in Micron Technology by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after buying an additional 1,973,294 shares during the last quarter. State Street Corp raised its position in Micron Technology by 2.7% during the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock worth $6,331,795,000 after buying an additional 1,349,713 shares during the last quarter. Finally, Orbis Allan Gray Ltd lifted its stake in Micron Technology by 50.2% during the 2nd quarter. Orbis Allan Gray Ltd now owns 3,457,726 shares of the semiconductor manufacturer’s stock valued at $426,165,000 after acquiring an additional 1,156,086 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Stock Up 5.5%

Shares of MU opened at $437.66 on Tuesday. The company’s 50-day simple moving average is $305.59 and its 200-day simple moving average is $214.69. The stock has a market capitalization of $492.59 billion, a PE ratio of 41.60 and a beta of 1.51. 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 1 year low of $61.54 and a 1 year high of $455.50.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 22.71% and a net margin of 28.15%.The company’s revenue was up 56.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders 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 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 4.37%.

Insider Transactions at Micron Technology

In other news, Director Teyin M. Liu acquired 11,600 shares of Micron Technology stock in a transaction on Tuesday, January 13th. The stock was bought at an average price of $337.07 per share, for a total transaction of $3,910,012.00. Following the completion of the purchase, the director owned 14,310 shares in the company, valued at $4,823,471.70. This represents a 428.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven J. Gomo sold 5,000 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $263.63, for a total value of $1,318,150.00. Following the completion of the sale, the director directly owned 19,139 shares of the company’s stock, valued at $5,045,614.57. The trade was a 20.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders acquired 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 owned by company insiders.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Multiple Fool.com pieces argue Micron is a top AI/memory beneficiary as hyperscalers ramp specialized memory demand, framing MU as a potential multi‑year growth winner. Is Micron the Next Nvidia?
• Positive Sentiment: Market recap notes Micron “soars again,” reflecting broad market recovery + stock‑specific momentum from the AI narrative and fresh analyst optimism. Stock Market Today, Feb. 2: Stocks Recover and Micron Technology Soars Again
• Positive Sentiment: Fool.com lists Micron among top AI stocks to buy in 2026, citing a relatively low valuation vs. rapidly growing memory revenue as customers scramble for HBM and other DRAM. My Top Artificial Intelligence (AI) Stocks to Buy in 2026
• Positive Sentiment: Analysts expect big 2026 earnings growth for Micron as memory demand surges; several articles highlight consensus expectations for materially higher EPS next year. This Dirt Cheap Stock Is Expected to Quadruple Its
• Positive Sentiment: Mizuho raised MU’s price target to $480 and maintained an Outperform rating, explicitly citing improved 2026 revenue and margin expectations — a direct catalyst for buy‑side interest. Mizuho Lifts Micron Technology, Inc. (MU)’s Price Target To $480
• Positive Sentiment: Several deep‑dive pieces highlight Micron’s exposure to Nvidia/AMD AI chips through HBM supply and the doubling of data center revenue last quarter, supporting a thesis of continued upside. How Much Higher Can Micron Stock Go?
• Neutral Sentiment: Positive coverage cites strong growth, but MU still carries market volatility and a stretched P/E vs historical levels; investors should weigh momentum against valuation and execution risk. This AI Stock Could Be Your Best Shot at Life

Analysts Set New Price Targets

MU has been the topic of a number of recent research reports. Cantor Fitzgerald upped their target price on Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. TD Cowen lifted their price objective on shares of Micron Technology from $300.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Micron Technology in a research note on Thursday. UBS Group raised their price target on shares of Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Finally, Raymond James Financial upped their price objective on shares of Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus 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.