Micron Technology, Inc. $MU Shares Newly Bought by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC bought a new position in Micron Technology, Inc. (NASDAQ:MU) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,151 shares of the semiconductor manufacturer’s stock, valued at approximately $1,226,000.

Other hedge funds also recently bought and sold shares of the company. Denali Advisors LLC bought a new stake in Micron Technology in the second quarter valued at $7,364,000. Castleark Management LLC bought a new position in Micron Technology in the 1st quarter worth $3,709,000. Legacy Wealth Management LLC MS raised its holdings in Micron Technology by 73.3% in the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after purchasing an additional 1,499 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Micron Technology by 16.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after purchasing an additional 6,702 shares during the period. Finally, Franklin Street Advisors Inc. NC lifted its position in shares of Micron Technology by 2,461.4% in the 2nd quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock worth $42,871,000 after purchasing an additional 35,691 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MU. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. Wolfe Research set a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 25th. DA Davidson increased their price target on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Needham & Company LLC restated a “buy” rating and issued a $1,650.00 price objective on shares of Micron Technology in a report on Thursday, October 1st. Finally, Wedbush restated an “outperform” rating and issued a $1,400.00 price objective on shares of Micron Technology in a report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Micron Technology has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Stock Down 5.4%

NASDAQ MU traded down $53.43 during mid-day trading on Tuesday, reaching $935.61. The stock had a trading volume of 18,673,235 shares, compared to its average volume of 41,219,633. The stock has a market cap of $1.06 trillion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 0.18 and a beta of 2.22. Micron Technology, Inc. has a 1 year low of $186.25 and a 1 year 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 company has a fifty day moving average price of $983.23 and a 200 day moving average price of $849.12.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same quarter last year, the company earned $3.03 EPS. The company’s quarterly revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, research analysts expect that Micron Technology, Inc. will post 175.82 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 0.81%.

Key Micron Technology News

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

• Positive Sentiment: Micron’s board increased its share-repurchase authorization to approximately $35.16 billion, with buybacks expected to begin soon. The move signals management’s confidence and could support earnings per share. Why Is Micron Stock Rising Today?
• Positive Sentiment: Analysts remain bullish: Rosenblatt reaffirmed a Buy rating with a $1,900 price target, while D.A. Davidson raised its target to $3,000. Erste Group also maintained a Buy view and forecasts fiscal 2028 earnings above the current consensus. Wall Street’s Biggest Micron Bull Just Raised Its Target Again
• Positive Sentiment: Micron’s HBM4 ramp-up, rising 2027 contract prices and sustained AI data-center demand could extend margin expansion. Its latest quarter delivered $54.23 billion in revenue and $33.42 in earnings per share, substantially above year-earlier levels. Micron’s HBM4 Ramp-Up
• Neutral Sentiment: Broader semiconductor-equipment stocks are retreating after a strong AI-driven run, indicating sector-wide profit-taking rather than a Micron-specific deterioration. Semiconductor Equipment Stocks Slide
• Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design and plans to target high-end server memory. Investors fear this could eventually pressure Micron’s pricing, supply advantages and unusually high margins. Micron Slips as China Memory Chip Threat Ramps Up
• Negative Sentiment: Elon Musk’s warning about China’s manufacturing capabilities added to concerns that Chinese competitors may close the technology gap faster than expected. Broader technology weakness, higher oil prices and investor profit-taking are adding pressure. Micron Stock Falls as Elon Musk Warns of China’s Manufacturing Power

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is owned by insiders.

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.