UNICOM Systems Inc. raised its position in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 19.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,800 shares of the semiconductor manufacturer’s stock after purchasing an additional 10,000 shares during the period. Micron Technology makes up about 4.5% of UNICOM Systems Inc.’s investment portfolio, making the stock its 6th biggest holding. UNICOM Systems Inc.’s holdings in Micron Technology were worth $64,759,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Denali Advisors LLC bought a new position in Micron Technology in the second quarter valued at $7,364,000. Castleark Management LLC acquired a new stake in Micron Technology in the 1st quarter valued at $3,709,000. Legacy Wealth Management LLC MS lifted its position in Micron Technology by 73.3% during the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after buying an additional 1,499 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in Micron Technology by 16.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after buying an additional 6,702 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC boosted its stake in shares of Micron Technology by 2,461.4% during the 2nd quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock worth $42,871,000 after buying an additional 35,691 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Raymond James Financial restated an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Robert W. Baird lifted their target price on Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a research report on Monday, September 28th. Seaport Research Partners reiterated a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Zacks Research raised Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Finally, Wedbush reissued an “outperform” rating and set a $1,400.00 price target on shares of Micron Technology in a research report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Micron Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.
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 billion, potentially supporting earnings per share and signaling management’s confidence in long-term cash generation. Why Is Micron Stock Rising Today?
- Positive Sentiment: Investors and commentators highlighted Micron’s multi-year customer agreements, which provide substantial visibility into future demand, while more than 75% of fiscal 2027 output is reportedly committed. AI-related demand and the planned HBM4 ramp could also support pricing and margins. Jim Cramer on Semiconductor Stocks
- Positive Sentiment: Recent results remain exceptionally strong: fiscal fourth-quarter revenue rose roughly 379% year over year to $54.23 billion, while adjusted EPS exceeded expectations. Rosenblatt reaffirmed a Buy rating with a $1,900 target, and other analysts argued that the stock’s low forward valuation may underestimate the durability of the AI memory cycle. Micron Valuation Analysis
- Neutral Sentiment: The central debate is whether Micron’s unusually high current profits represent a sustainable structural shift or a cyclical peak. Low forward earnings multiples look attractive, but they also reflect investor concerns that memory pricing and margins could eventually normalize.
- Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design and plans to target server memory. The development raised fears that additional supply could weaken Micron’s pricing power, particularly in its most profitable products. Micron Stock and China Competition
- Negative Sentiment: Broader semiconductor selling, profit-taking after a major rally, and warnings about China’s manufacturing capabilities added pressure. A potential labor dispute at Micron’s Taiwan operations, a $600 million patent settlement, and recent insider selling contributed to concerns about execution and future cash flow.
Insider Transactions at Micron Technology
In related 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 value of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the 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 owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is owned by company insiders.
Micron Technology Stock Performance
MU stock traded down $35.85 during trading hours on Tuesday, reaching $953.19. The stock had a trading volume of 28,988,770 shares, compared to its average volume of 41,277,551. The stock has a market capitalization of $1.08 trillion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 0.18 and a beta of 2.22. 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 stock has a 50-day simple moving average of $984.44 and a 200 day simple moving average of $853.14. Micron Technology, Inc. has a fifty-two week low of $186.25 and a fifty-two week high of $1,255.00.
Micron Technology (NASDAQ:MU – Get Free Report) last issued its 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 net margin of 63.80% and a return on equity of 92.62%. Micron Technology’s revenue was up 379.1% on a year-over-year basis. During the same period last year, the business posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Analysts predict that Micron Technology, Inc. will post 175.82 EPS for the current fiscal year.
Micron Technology Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be 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 is Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is presently 0.81%.
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.
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