Secure Asset Management LLC raised its holdings in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 154.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,437 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,120 shares during the period. Micron Technology accounts for 1.1% of Secure Asset Management LLC’s portfolio, making the stock its 22nd largest position. Secure Asset Management LLC’s holdings in Micron Technology were worth $8,986,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of MU. Andar Capital Management HK Ltd increased its stake in Micron Technology by 856,960.3% during the second 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 acquiring an additional 34,278,413 shares during the period. Primecap Management Co. CA acquired a new stake in shares of Micron Technology during the 2nd quarter worth approximately $22,182,263,000. Legal & General Group Plc bought a new stake in shares of Micron Technology during the second quarter valued at approximately $8,402,393,000. Situational Awareness LP raised its stake in shares of 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 valued at $5,573,819,000 after purchasing an additional 5,289,124 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Micron Technology in the second quarter valued at $3,761,237,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MU has been the topic of a number of recent research reports. Arete Research lifted their price target on shares of Micron Technology from $852.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Seaport Research Partners reiterated a “buy” rating on shares of Micron Technology in a research note on Friday, August 14th. Citigroup upped their price target on shares of 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 set a $1,200.00 price objective on shares of Micron Technology in a report on Thursday, October 1st. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.
Check Out Our Latest Research Report on MU
Insiders Place Their Bets
In other Micron Technology news, 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 $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Scott Allen sold 879 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the sale, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is currently owned by corporate insiders.
Micron Technology Trading Up 3.0%
Shares of NASDAQ MU opened at $904.90 on Tuesday. Micron Technology, Inc. has a twelve month low of $192.40 and a twelve month high of $1,255.00. The stock has a market cap of $1.02 trillion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 0.15 and a beta of 2.22. 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 company’s fifty day moving average is $986.76 and its 200-day moving average is $869.04.
Micron Technology (NASDAQ:MU – Get Free Report) last announced its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping 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 firm had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same period last year, the company posted $3.03 EPS. The business’s quarterly revenue was up 379.1% on a year-over-year basis. 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 EPS for the current year.
Micron Technology Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s payout ratio is currently 0.81%.
More Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Memory-chip stocks rebounded as fears of an AI-spending slowdown eased. Micron’s rally was part of a broader recovery that also lifted SanDisk and SK Hynix, suggesting sector-wide sentiment—not company-specific news alone—helped drive the move. Micron stock is rebounding today: here’s why
- Positive Sentiment: Wall Street commentary indicates memory prices could continue rising through at least 2027, countering recent concerns about competition and a potential supply glut. A Chinese rival’s projected revenue boom was also interpreted as evidence of strong underlying memory demand. Why Micron Stock Bounced on Monday
- Positive Sentiment: Elon Musk described Micron as more reasonable on future memory pricing than some competitors. JPMorgan reportedly counted 26 long-term agreements and approximately $150 billion in contracted backlog, with deals covering more than one-third of projected sales through 2030. The agreements improve revenue visibility, although pricing limits some near-term upside. Musk Love: Micron Is Reasonable on Memory Prices
- Positive Sentiment: Recent coverage highlights Micron’s AI-oriented DRAM and NAND demand, robust profitability, and valuation that looks low relative to its earnings growth. Its latest reported quarter included sharply higher revenue and earnings that exceeded consensus estimates.
- Neutral Sentiment: Micron will host a technology webinar on October 21. Investors may look for updates on AI memory demand, production plans, and the company’s outlook. Micron to Host Technology Webinar on Oct. 21
- Negative Sentiment: Micron’s Taoyuan union in Taiwan voted overwhelmingly to authorize a strike, and Taiwan’s president urged the company and workers to negotiate. A work stoppage could disrupt production because Taiwan is central to Micron’s DRAM manufacturing, although negotiations may prevent a strike. A Micron Union in Taiwan Voted 99% to Authorize a Strike
- Negative Sentiment: Investors continue to weigh longer-term risks from Chinese memory-chip competition, new factory capacity, and the possibility that elevated AI demand and memory prices will eventually normalize. These concerns contributed to the stock’s recent pullback and could keep volatility high.
Micron Technology 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.
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