Fragasso Financial Advisors Inc lifted its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 33.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,338 shares of the semiconductor manufacturer’s stock after buying an additional 1,343 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Micron Technology were worth $5,493,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MU. Andar Capital Management HK Ltd increased its position 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 valued at $39,571,847,000 after purchasing an additional 34,278,413 shares during the period. Primecap Management Co. CA bought a new stake in shares of Micron Technology during the 2nd quarter valued at about $22,182,263,000. Legal & General Group Plc acquired a new stake in Micron Technology during the second quarter worth approximately $8,402,393,000. Situational Awareness LP increased its holdings in Micron Technology by 1,149.0% in the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock worth $5,573,819,000 after purchasing an additional 5,289,124 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Micron Technology during the 2nd quarter worth approximately $3,761,237,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.
Micron Technology News Roundup
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Micron’s board increased its share-repurchase authorization to approximately $35.16 billion, with buybacks expected to begin soon. The program could support earnings per share and signal management’s confidence in the company’s cash-generation outlook. Micron buyback authorization
- Positive Sentiment: Rosenblatt reaffirmed a Buy rating with a $1,900 price target, while D.A. Davidson raised its target to $3,000. Bulls point to Micron’s AI-driven memory demand, long-term customer agreements and valuation near six times forward earnings. Micron analyst price target
- Positive Sentiment: The planned HBM4 ramp and higher 2027 contract prices could extend margin expansion as demand for AI data-center memory grows. However, production costs and manufacturing yields remain important execution factors. Micron HBM4 ramp-up
- Neutral Sentiment: Micron’s latest results remain exceptionally strong: quarterly revenue reached $54.23 billion, up 379% year over year, while EPS exceeded estimates. Investors are nevertheless questioning whether the memory upcycle can sustain such rapid growth.
- Negative Sentiment: CXMT reported progress on a denser “4F square” DRAM design and plans to target high-end server memory. The development threatens Micron’s most profitable segment by potentially increasing supply, pressuring pricing and weakening margins. China memory competition
- Negative Sentiment: Additional concerns include warnings that Chinese memory makers are catching up, possible Taiwan strike-related disruption and broader semiconductor-sector weakness. Reports that an Australian AI infrastructure company canceled its IPO also raised concerns about funding for future data-center projects.
Insider Transactions at Micron Technology
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. BMO Capital Markets restated an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. CLSA reissued an “outperform” rating and set a $1,700.00 target price on shares of Micron Technology in a research report on Friday, October 2nd. Itau BBA Securities raised their price target on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Phillip Securities lifted their target price on Micron Technology from $530.00 to $1,870.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, New Street Research upgraded shares of Micron Technology from a “neutral” rating to a “buy” rating and boosted their target price for the company from $470.00 to $1,250.00 in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Micron Technology presently has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.
View Our Latest Stock Report on MU
Micron Technology Trading Down 5.4%
Shares of Micron Technology stock traded down $53.49 during trading on Tuesday, reaching $935.55. The company’s stock had a trading volume of 17,673,218 shares, compared to its average volume of 41,216,117. The company has a market cap of $1.06 trillion, a price-to-earnings ratio of 12.63, a PEG ratio of 0.18 and a beta of 2.22. The firm’s 50-day moving average is $983.23 and its two-hundred day moving average is $849.12. Micron Technology, Inc. has a 52-week low of $186.25 and a 52-week high of $1,255.00. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03.
Micron Technology (NASDAQ:MU – Get Free Report) last posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $31.77 by $1.65. The company had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. Micron Technology’s quarterly revenue was up 379.1% on a year-over-year basis. During the same period last year, the firm earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 175.82 earnings per share for the current year.
Micron Technology Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be 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 is Wednesday, October 14th. Micron Technology’s dividend payout ratio is 0.81%.
Micron Technology 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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