3,736 Shares in Micron Technology, Inc. $MU Purchased by Legacy CG LLC

Legacy CG LLC acquired a new stake in Micron Technology, Inc. (NASDAQ:MU) during the third quarter, Holdings Channel reports. The institutional investor acquired 3,736 shares of the semiconductor manufacturer’s stock, valued at approximately $3,979,000.

Other institutional investors have also made changes to their positions in the company. Gibbs Wealth Management grew its position in shares of Micron Technology by 52.7% in the 3rd quarter. Gibbs Wealth Management now owns 6,041 shares of the semiconductor manufacturer’s stock valued at $6,435,000 after acquiring an additional 2,085 shares during the period. Denali Advisors LLC acquired a new position in Micron Technology during the second quarter worth approximately $7,364,000. Castleark Management LLC bought a new stake in Micron Technology in the first quarter valued at approximately $3,709,000. Oppenheimer & Co. Inc. raised its stake in Micron Technology by 16.0% in the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock valued at $56,006,000 after buying an additional 6,702 shares during the period. Finally, Legacy Wealth Management LLC MS raised its stake in Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after buying an additional 1,499 shares during the period. Institutional investors own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MU shares. TD Cowen reissued a “buy” rating and set a $1,600.00 target price on shares of Micron Technology in a report on Thursday, October 1st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. William Blair set a $1,300.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Susquehanna reaffirmed a “positive” rating on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Wells Fargo & Company cut their target price on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating for the company in a research note on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Micron Technology has a consensus rating of “Moderate Buy” and an average target price of $1,407.88.

Insider Activity

In other Micron Technology news, insider Scott J. Deboer sold 28,545 shares of Micron Technology stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the completion of the sale, the insider owned 147,430 shares in the company, valued at $132,687,000. The trade was a 16.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 83,545 shares of company stock valued at $78,460,850. 0.24% of the stock is owned by company insiders.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $855.10 on Wednesday. The firm has a market cap of $967.48 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 0.14 and a beta of 2.36. The business’s 50 day moving average is $974.91 and its 200-day moving average is $749.61. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. Micron Technology, Inc. has a 1-year low of $192.59 and a 1-year high of $1,255.00.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $31.77 by $1.65. The business had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The firm’s quarterly revenue was up 379.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities research analysts predict that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 14th. Micron Technology’s payout ratio is presently 0.81%.

More Micron Technology News

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

• Positive Sentiment: Memory stocks recovered as investors rotated back into semiconductor shares, with easing oil prices also helping risk appetite. Why are Micron, SK Hynix, and SanDisk stocks rising on Tuesday?
• Positive Sentiment: AI’s growing need for memory could support Micron’s opportunity: the article highlights memory’s importance to AI performance and the company’s potential to compete on value. Micron Said “Super Intelligence” Creates the Most Compelling Opportunity in Its History
• Positive Sentiment: Micron could step up share repurchases starting in December after Chips Act restrictions expire, potentially adding support for shareholder returns and demand for the stock. Micron Expected to Launch Massive Stock Buybacks in December
• Neutral Sentiment: Some analysts see substantial upside after the pullback, though the coverage cautions that memory-stock rallies have been difficult to sustain. Micron Stock Is in a Slump but Analysts Say It Can Soar 100%
• Negative Sentiment: Investor Dan Niles warned that Chinese memory maker CXMT is targeting a 20% share by 2028, raising the prospect of increased competition for Micron. Micron’s Real Risk: China’s CXMT Targets “20% by 2028,” Warns Dan Niles
• Negative Sentiment: Recent concerns about the memory cycle remain: a cautious outlook from Kioxia weighed on Micron and other memory shares in the prior session, while one commentator argued AI-chip stocks may not have fallen enough. Micron Falls as Kioxia’s Cautious Outlook Hits Memory Stocks

About Micron Technology

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.