DecisionPoint Financial LLC raised its holdings in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 3,157.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 847 shares of the semiconductor manufacturer’s stock after acquiring an additional 821 shares during the quarter. Micron Technology comprises 0.2% of DecisionPoint Financial LLC’s portfolio, making the stock its 29th largest position. DecisionPoint Financial LLC’s holdings in Micron Technology were worth $929,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of MU. WPG Advisers LLC boosted its position in shares of Micron Technology by 7.2% in the 3rd quarter. WPG Advisers LLC now owns 838 shares of the semiconductor manufacturer’s stock worth $893,000 after purchasing an additional 56 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its stake in shares of Micron Technology by 8.9% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 4,109 shares of the semiconductor manufacturer’s stock worth $4,376,000 after purchasing an additional 337 shares during the period. North Dakota State Investment Board grew its stake in shares of Micron Technology by 3.9% during the third quarter. North Dakota State Investment Board now owns 34,526 shares of the semiconductor manufacturer’s stock worth $36,774,000 after purchasing an additional 1,302 shares during the period. North Star Investment Management Corp. increased its holdings in Micron Technology by 1.9% in the third quarter. North Star Investment Management Corp. now owns 1,735 shares of the semiconductor manufacturer’s stock valued at $1,848,000 after purchasing an additional 32 shares during the last quarter. Finally, Beacon Bank & Trust increased its holdings in Micron Technology by 10.3% in the third quarter. Beacon Bank & Trust now owns 918 shares of the semiconductor manufacturer’s stock valued at $978,000 after purchasing an additional 86 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.
Micron Technology Price Performance
MU opened at $983.23 on Thursday. 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, Inc. has a 12 month low of $192.59 and a 12 month high of $1,255.00. The company has a fifty day simple moving average of $980.53 and a 200 day simple moving average of $738.88. The stock has a market cap of $1.11 trillion, a P/E ratio of 13.25, a P/E/G ratio of 0.15 and a beta of 2.22.
Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping the consensus estimate of $31.77 by $1.65. The business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The firm’s revenue was up 379.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, research analysts expect that Micron Technology, Inc. will post 177.03 EPS for the current year.
Micron Technology Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s dividend payout ratio is 0.81%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $1,650.00 target price on shares of Micron Technology in a research note on Thursday, October 22nd. Wedbush restated an “outperform” rating and set a $1,400.00 target price on shares of Micron Technology in a research report on Monday, September 28th. Arete Research upped their price target on Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Raymond James Financial reaffirmed an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $2,000.00 price target 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 given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,407.88.
Check Out Our Latest Report on MU
More Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: SK Hynix points to sustained shortages. The South Korean memory maker reported a 632% year-over-year increase in operating profit and said its DRAM and high-bandwidth memory (HBM) capacity is effectively sold out through 2029. Management expects demand to exceed supply through 2030, a bullish read-through for Micron’s AI-focused HBM and broader DRAM businesses. Micron Stock Rises as SK Hynix Says DRAM and HBM Sold Out Through 2029
- Positive Sentiment: Micron’s own results show powerful momentum. The company recently reported quarterly revenue of $54.23 billion, up 379% from the prior year, and earnings of $33.42 per share, beating estimates. Its Q1 fiscal 2027 EPS guidance of $37.15 to $39.15 provides further evidence that the memory upcycle remains strong. Why Micron Stock Is Up Today
- Positive Sentiment: Valuation remains attractive to some investors. Articles note that Micron trades at a forward P/E below 6 after retreating from its June peak, while analysts and commentators including Jim Cramer view MU as a potential major beneficiary of the AI memory boom.
- Neutral Sentiment: Additional demand catalysts are emerging. Forecasts that robotics and physical AI could require substantially more memory support Micron’s long-term growth case, although these opportunities remain speculative and are not yet a material revenue driver.
- Negative Sentiment: Investors still face cyclical and valuation risks. Memory shortages can eventually reverse, potentially pressuring prices and profits. Micron’s recent pullback, elevated volatility, and close trading correlation with SK Hynix also leave the stock vulnerable if AI spending or supply-demand conditions weaken.
Insiders Place Their Bets
In other news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott J. Deboer sold 28,545 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the completion of the transaction, the insider owned 147,430 shares of the company’s stock, valued at $132,687,000. This represents a 16.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 83,545 shares of company stock worth $78,460,850 over the last ninety days. 0.24% of the stock is currently owned by corporate insiders.
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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