803 Micron Technology, Inc. $MU Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 71.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 317 shares of the semiconductor manufacturer’s stock after selling 803 shares during the period. Gallacher Capital Management LLC’s holdings in Micron Technology were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Andar Capital Management HK Ltd grew its holdings in shares of Micron Technology by 856,960.3% in the second 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 during the last quarter. Primecap Management Co. CA purchased a new position in Micron Technology in the 2nd quarter worth about $22,182,263,000. Bank of America Corp DE increased its stake in Micron Technology by 26.6% in the 2nd quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock worth $11,744,621,000 after buying an additional 2,136,470 shares during the period. Legal & General Group Plc bought a new stake in Micron Technology during the 2nd quarter valued at about $8,402,393,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Micron Technology by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,967,065 shares of the semiconductor manufacturer’s stock valued at $2,352,282,000 after buying an additional 86,488 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the transaction, the executive vice president directly owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 83,545 shares of company stock valued at $78,460,850. 0.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MU has been the subject of several research reports. William Blair set a $1,300.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Wells Fargo & Company reduced their target price on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 23rd. Seaport Research Partners reaffirmed a “buy” rating on shares of Micron Technology in a research note on Friday, August 14th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $1,900.00 price target on shares of Micron Technology in a report on Thursday, October 22nd. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Price Performance

NASDAQ MU opened at $855.10 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The firm’s 50 day moving average price is $974.91 and its 200-day moving average price is $749.61. Micron Technology, Inc. has a 52-week low of $192.59 and a 52-week high of $1,255.00. The company has a market cap of $967.48 billion, a PE ratio of 11.52, a P/E/G ratio of 0.14 and a beta of 2.36.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data 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 company had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. Micron Technology’s revenue was up 379.1% compared to the same quarter last year. During the same period last year, the company posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is 0.81%.

Trending Headlines about Micron Technology

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

Micron Technology Company Profile

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.