First Command Advisory Services Inc. boosted its position in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 115.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,484 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,330 shares during the quarter. First Command Advisory Services Inc.’s holdings in Micron Technology were worth $2,646,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DSG Capital Advisors LLC grew its position in shares of Micron Technology by 39.7% during the 3rd quarter. DSG Capital Advisors LLC now owns 2,260 shares of the semiconductor manufacturer’s stock worth $2,407,000 after purchasing an additional 642 shares in the last quarter. Davis Investment Partners LLC raised its position in shares of Micron Technology by 5.4% in the third quarter. Davis Investment Partners LLC now owns 313 shares of the semiconductor manufacturer’s stock valued at $333,000 after buying an additional 16 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of Micron Technology by 21.4% in the third quarter. Illinois Municipal Retirement Fund now owns 58,149 shares of the semiconductor manufacturer’s stock valued at $61,935,000 after buying an additional 10,267 shares during the period. Northbridge Financial Group LLC boosted its stake in shares of Micron Technology by 22.3% in the third quarter. Northbridge Financial Group LLC now owns 471 shares of the semiconductor manufacturer’s stock valued at $492,000 after buying an additional 86 shares during the period. Finally, Brooklyn FI LLC bought a new stake in shares of Micron Technology in the third quarter valued at approximately $759,000. 80.84% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have commented on MU. Mizuho raised their price objective on 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. Wells Fargo & Company dropped their price objective on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating for the company in a report on Wednesday, September 23rd. Citigroup upped their target price on Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. Sanford C. Bernstein reissued an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, New Street Research upgraded Micron Technology from a “neutral” rating to a “buy” rating and raised their price target for the stock from $470.00 to $1,250.00 in a research report on Friday, August 14th. One investment 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.
Read Our Latest Analysis on MU
Micron Technology Stock Performance
NASDAQ MU opened at $811.30 on Thursday. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $917.92 billion, a price-to-earnings ratio of 9.70, a P/E/G ratio of 0.13 and a beta of 2.36. The firm’s 50 day simple moving average is $950.48 and its 200 day simple moving average is $760.41. Micron Technology, Inc. has a 1 year low of $192.59 and a 1 year high of $1,255.00.
Micron Technology (NASDAQ:MU – Get Free Report) last announced its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating 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 business 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 business earned $3.03 earnings per share. The company’s 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. As a group, research analysts expect that Micron Technology, Inc. will post 175.22 earnings per share for the current fiscal year.
Micron Technology Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th were paid a $0.15 dividend. The ex-dividend date was Wednesday, October 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 0.81%.
Insider Activity
In other news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 83,545 shares of company stock worth $78,460,850. Insiders own 0.24% of the company’s stock.
Latest Micron Technology News
Investors following MU have been watching these news items:
- Positive Sentiment: CoreWeave strengthened the AI-demand outlook. The data-center company beat expectations and raised its 2026 revenue outlook; its CEO said demand for AI infrastructure exceeds available capacity. Because CoreWeave buys Micron’s memory chips, the news eased fears of slowing customer demand. Article: Micron Stock Jumps as CoreWeave Outlook Eases AI Spending Fears
- Positive Sentiment: Low valuation and bullish analyst views support the recovery case. Articles highlight MU trading at roughly 3.8 times earnings, while some analysts see substantial upside; Goldman Sachs reiterated a $1,250 price target. Micron’s recent earnings beat and strong growth outlook add to the bullish argument. Article: Analysts See Micron Stock Doubling
- Negative Sentiment: Cyclical and spending concerns remain. MU’s steep recent sell-off reflects investor worry that AI data-center investment could cool and that memory pricing and profits may eventually turn down. Those risks could limit the rebound if demand expectations weaken. Article: Is the Micron Sell-Off a Buying Opportunity or a Falling Knife?
Micron Technology Profile
Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices. Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.
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