Quadcap Wealth Management LLC boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 43.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,915 shares of the semiconductor manufacturer’s stock after acquiring an additional 876 shares during the quarter. Quadcap Wealth Management LLC’s holdings in Micron Technology were worth $3,105,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Andar Capital Management HK Ltd lifted its position in shares of Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA acquired a new stake in shares of Micron Technology during the second quarter worth approximately $22,182,263,000. Bank of America Corp DE grew its position in Micron Technology by 26.6% during the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after purchasing an additional 2,136,470 shares in the last quarter. Legal & General Group Plc purchased a new position in Micron Technology during the second quarter valued at approximately $8,402,393,000. Finally, Wellington Management Group LLP grew its position in Micron Technology by 28.7% during the second quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock valued at $5,823,556,000 after purchasing an additional 1,125,414 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.
Key Stories Impacting Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Several articles point to robust AI-driven demand, tight memory supply, and strong pricing as supports for Micron’s business. Some commentators view the sell-off as a potential buying opportunity, though that is an opinion rather than a change in company guidance. Article: Micron: Is the Recent Selloff a Buying Opportunity?
- Neutral Sentiment: Director Linnie M. Haynesworth plans to retire from Micron’s board at the annual shareholders meeting expected on January 14, 2027. The announcement did not include other board changes. Article: Micron Announces Board of Directors Retirement
- Negative Sentiment: Investors are concerned that proposals for tighter AI data-center rules—including zoning, energy and water requirements, and environmental reviews—could delay projects and soften future demand for memory chips. These are policy risks, not announced changes to Micron’s current customer demand. Article: Could Micron Technology Face Slower AI Demand From New Data Center Rules?
- Negative Sentiment: Reports say Micron has paused plans for a $4.5 billion Taiwan memory facility amid a labor dispute. The delay raises execution concerns for a project intended to produce DRAM and high-bandwidth memory used in AI data centers. Article: Micron Stock Falls After Report of $4.5 Billion Taiwan Pause
- Negative Sentiment: The sell-off is also part of a wider retreat in chip and technology stocks, with investors reducing exposure to AI-linked shares. Reports of Chinese rival CXMT pre-selling $1 billion in DRAM add to concerns about competition and future market share. Article: Why Micron Stock Keeps Going Down
Insider Buying and Selling
In other Micron Technology news, insider Scott Deboer sold 28,545 shares of the stock in a transaction on Friday, October 16th. The shares were sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the transaction, the insider directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 83,545 shares of company stock worth $78,460,850. Corporate insiders own 0.24% of the company’s stock.
Micron Technology Price Performance
Shares of MU opened at $655.78 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The firm has a market cap of $741.97 billion, a PE ratio of 8.84, a PEG ratio of 0.14 and a beta of 2.36. The firm’s 50 day moving average price is $966.51 and its 200 day moving average price is $753.37. Micron Technology, Inc. has a twelve month low of $192.59 and a twelve month high of $1,255.00.
Micron Technology (NASDAQ:MU – Get Free Report) last posted 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 company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same period in the previous year, the firm posted $3.03 earnings per share. The company’s revenue for the quarter 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, research analysts expect that Micron Technology, Inc. will post 175.19 EPS for the current fiscal year.
Micron Technology Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 14th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 14th. Micron Technology’s payout ratio is presently 0.81%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on MU. Needham & Company LLC reiterated a “buy” rating and issued a $1,650.00 target price on shares of Micron Technology in a research report on Thursday, October 22nd. Robert W. Baird lifted their target price on shares of 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. President Capital boosted their price target on shares of Micron Technology to $1,500.00 and gave the company a “buy” rating in a report on Friday, July 17th. Mizuho upped their price target on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Thursday, October 1st. Finally, William Blair set a $1,300.00 price objective on Micron Technology in a report on Thursday, October 1st. One 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 company’s stock. Based on data from MarketBeat.com, Micron Technology presently has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.
Check Out Our Latest Research Report on Micron Technology
About Micron Technology
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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