Micron Technology, Inc. $MU Stock: Valmark Advisers Inc. Boosts Position

Valmark Advisers Inc. boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 35.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,314 shares of the semiconductor manufacturer’s stock after acquiring an additional 860 shares during the period. Valmark Advisers Inc.’s holdings in Micron Technology were worth $3,530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MU. William Blair Investment Management LLC lifted its holdings in shares of Micron Technology by 1,496.1% in the third quarter. William Blair Investment Management LLC now owns 224,405 shares of the semiconductor manufacturer’s stock valued at $239,016,000 after purchasing an additional 210,345 shares in the last quarter. PFC Capital Group Inc. purchased a new position in shares of Micron Technology during the 3rd quarter worth approximately $580,000. Valued Retirements Inc. increased its stake in shares of Micron Technology by 33.0% during the 3rd quarter. Valued Retirements Inc. now owns 395 shares of the semiconductor manufacturer’s stock worth $421,000 after purchasing an additional 98 shares in the last quarter. Money Concepts Capital Corp increased its stake in shares of Micron Technology by 28.1% during the 3rd quarter. Money Concepts Capital Corp now owns 5,188 shares of the semiconductor manufacturer’s stock worth $5,526,000 after purchasing an additional 1,137 shares in the last quarter. Finally, Citizens & Northern Corp acquired a new position in shares of Micron Technology during the 3rd quarter worth approximately $1,583,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Key Stories Impacting Micron Technology

Here are a few of the latest stories about MU:

• Positive Sentiment: Micron’s record results and strong outlook support the growth case: coverage cited roughly $61.5 billion in quarterly revenue guidance, while its latest reported quarterly sales rose about 380% year over year. AI-related demand and tight supply of high-bandwidth memory are key potential tailwinds. Micron Is Down 20% in a Month
• Positive Sentiment: ETF buying provided a modest demand signal, with 59 funds adding Micron shares and 14 selling on Wednesday, for reported net purchases of $137.7 million. ETFs Bought $137.7 Million of Micron
• Negative Sentiment: Broad chip-sector selling is the main near-term headwind. Reports of Nvidia CEO Jensen Huang’s departure have unsettled investors and raised concerns about the AI trade’s durability, weighing on memory stocks including Micron despite its favorable outlook. Why Are Micron, SK Hynix, and SanDisk Stocks Falling?

Micron Technology Trading Down 2.5%

Shares of NASDAQ:MU traded down $20.13 during trading on Friday, reaching $778.31. The stock had a trading volume of 27,749,501 shares, compared to its average volume of 30,791,856. The business has a fifty day moving average price of $943.73 and a 200-day moving average price of $764.29. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The stock has a market cap of $880.60 billion, a P/E ratio of 10.49, a PEG ratio of 0.14 and a beta of 2.36. Micron Technology, Inc. has a fifty-two week low of $192.59 and a fifty-two week high of $1,255.00.

Micron Technology (NASDAQ:MU) last announced 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. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the prior year, the firm posted $3.03 earnings per share. 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. As a group, analysts anticipate that Micron Technology, Inc. will post 174.19 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Sumit Sadana sold 15,000 shares of the firm’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 sale, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. This trade represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 83,545 shares of company stock valued at $78,460,850 in the last quarter. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MU has been the topic of a number of recent research reports. Robert W. Baird upped their target price on Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a research note on Monday, September 28th. ThinkEquity reissued a “buy” rating on shares of Micron Technology in a research report on Monday, August 3rd. Citigroup raised their price target on Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. Morgan Stanley reissued an “overweight” rating and issued a $1,200.00 price target on shares of Micron Technology in a report on Thursday, October 1st. Finally, UBS Group restated a “buy” rating and issued a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,435.58.

Micron Technology Profile

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices. Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.