Micron Technology, Inc. $MU Stock: N10 Wealth LLC Boosts Position

N10 Wealth LLC lifted its stake in Micron Technology, Inc. (NASDAQ:MU) by 240.1% in the third quarter, Holdings Channel.com reports. The fund owned 8,499 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,000 shares during the period. Micron Technology makes up approximately 2.5% of N10 Wealth LLC’s portfolio, making the stock its 16th biggest position. N10 Wealth LLC’s holdings in Micron Technology were worth $9,052,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Andar Capital Management HK Ltd lifted its holdings in Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA purchased a new position in Micron Technology during the 2nd quarter valued at about $22,182,263,000. Bank of America Corp DE grew its holdings in Micron Technology by 26.6% during the 2nd quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after buying an additional 2,136,470 shares in the last quarter. Invesco Ltd. grew its holdings in Micron Technology by 1.6% during the 4th quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after buying an additional 155,073 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Micron Technology during the second quarter valued at about $8,402,393,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Price Performance

Shares of Micron Technology stock traded down $29.73 on Wednesday, hitting $923.46. 15,345,189 shares of the company traded hands, compared to its average volume of 41,142,543. 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 firm’s 50-day simple moving average is $984.44 and its 200 day simple moving average is $853.14. Micron Technology, Inc. has a 12-month low of $187.42 and a 12-month high of $1,255.00. The company has a market cap of $1.04 trillion, a P/E ratio of 12.44, a P/E/G ratio of 0.17 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (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 firm had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. During the same period in the prior year, the business earned $3.03 EPS. The company’s revenue for the quarter 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. Analysts expect that Micron Technology, Inc. will post 175.82 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 paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s payout ratio is currently 0.81%.

Micron Technology News Summary

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

• Positive Sentiment: AI-driven demand for high-bandwidth memory and tight DRAM supply continue to support Micron’s growth outlook. Analysts expect the company’s HBM4 ramp and higher 2027 contract prices to further improve margins. Micron’s HBM4 Ramp-Up
• Positive Sentiment: Micron has reportedly secured 26 strategic customer agreements, covering more than 75% of expected fiscal 2027 output. These arrangements provide greater pricing and demand visibility and may reduce the impact of the traditional memory cycle. Micron’s Customer Contracts
• Positive Sentiment: The board’s approximately $35 billion buyback authorization, upcoming dividend, and substantial cash generation provide shareholder support. Analysts at Erste Group also raised their fiscal 2027 earnings forecast, while Rosenblatt reaffirmed a Buy rating with a $1,900 price target. Micron Buyback Authorization
• Positive Sentiment: Elon Musk praised Micron’s approach to future memory pricing as more reasonable than competitors’ pricing, potentially reinforcing the company’s long-term customer relationships. Elon Musk on Micron Pricing
• Neutral Sentiment: Micron’s latest quarter showed extraordinary momentum, with revenue rising about 379% year over year to $54.23 billion and earnings exceeding estimates. However, the stock’s low forward valuation reflects investor concern that these results may represent a cyclical peak.
• Negative Sentiment: The primary catalyst for the selloff is concern that China’s ChangXin Memory Technologies (CXMT) is progressing toward a denser DRAM architecture aimed at the high-end server market. Investors fear eventual oversupply, pricing pressure, and erosion of Micron’s competitive advantage, even though commercial-scale production remains unproven. Why Memory Stocks Are Falling
• Negative Sentiment: Hotter-than-expected U.S. inflation has increased pressure on technology shares and reduced risk appetite. A potential labor dispute at Micron’s Taiwan facility, insider selling, and a $600 million patent settlement add further near-term uncertainty.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Micron Technology from $550.00 to $1,540.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. BNP Paribas Exane boosted their price objective on shares of Micron Technology from $615.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $1,650.00 target price on shares of Micron Technology in a report on Thursday, October 1st. Finally, William Blair set a $1,300.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,407.88.

Insiders Place Their Bets

In other Micron Technology news, 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 value of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Scott Allen sold 879 shares of Micron Technology stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 95,879 shares of company stock valued at $90,939,466 over the last three months. Insiders own 0.24% of the company’s stock.

Micron Technology Company Profile

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.