Cadent Capital Advisors LLC boosted its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 224.2% in the third quarter, Holdings Channel.com reports. The firm owned 3,320 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,296 shares during the period. Cadent Capital Advisors LLC’s holdings in Micron Technology were worth $3,536,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of MU. Andar Capital Management HK Ltd raised its position in Micron Technology by 856,960.3% in 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 buying an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA bought a new position in shares of Micron Technology during the 2nd quarter worth approximately $22,182,263,000. Legal & General Group Plc acquired a new stake in shares of Micron Technology in the second quarter valued at approximately $8,402,393,000. Situational Awareness LP lifted its position 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 worth $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 Micron Technology during the second quarter worth $3,761,237,000. 80.84% of the stock is currently owned by institutional investors.
More Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: AI memory demand remains the central bullish catalyst. Analysts and investors argue that data-center expansion, high-bandwidth memory (HBM) and emerging “agentic AI” workloads could keep demand ahead of supply through 2027–2028. More than 75% of Micron’s fiscal 2027 shipments are reportedly committed, while customers are already discussing allocations for 2028. Micron: Bears Are Fighting Physics With Spreadsheets
- Positive Sentiment: Recent earnings and guidance support continued profit growth. Micron reported fiscal fourth-quarter revenue of $54.23 billion and adjusted EPS of $33.42, well above the prior year. Management’s fiscal Q1 2027 outlook calls for $60 billion–$63 billion in revenue and $37.15–$39.15 in adjusted EPS. Supporters believe strategic customer agreements and client deposits make the business less vulnerable to a traditional memory downturn. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
- Positive Sentiment: Analyst sentiment has improved. Zacks upgraded Micron to “strong buy,” while D.A. Davidson raised its price target to $3,000, citing sustained AI demand and constrained memory supply. These targets are highly bullish and help explain buying interest during pullbacks. Micron Technology Stock Rating Upgraded by Zacks Research
- Neutral Sentiment: Trading is choppy after an exceptional run. Micron has gained substantially over the past year, leaving investors focused on whether future earnings can justify the valuation. The stock remains above its 50-day and 200-day moving averages, but major gains may require another earnings beat or clearer evidence that supply will remain tight. Micron Stock Is Range-Bound in Choppy AI Trade
- Negative Sentiment: Broader concerns are weighing on the shares. A report suggesting OpenAI’s annualized revenue was below expectations triggered selling across AI-related stocks, although analysts said the comparison may reflect reporting differences rather than weaker AI demand. Samsung’s record profit also highlighted concerns that memory-price and earnings growth could be slowing. Micron, Nvidia and AI Chip Stocks Fall
- Negative Sentiment: Labor disruption is an additional risk. Workers at Micron’s major Taiwan DRAM facility overwhelmingly authorized a strike amid a bonus dispute. A work stoppage could disrupt production, increase costs or complicate efforts to meet already-committed customer demand. Micron Taiwan Union Strike Authorization
Insiders Place Their Bets
Micron Technology Stock Performance
Micron Technology stock traded down $6.37 during mid-day trading on Friday, hitting $1,029.47. 12,269,431 shares of the company’s stock traded hands, compared to its average volume of 41,387,289. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The firm has a 50 day simple moving average of $975.93 and a two-hundred day simple moving average of $840.54. Micron Technology, Inc. has a fifty-two week low of $179.61 and a fifty-two week high of $1,255.00. The stock has a market cap of $1.16 trillion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 0.19 and a beta of 2.22.
Micron Technology (NASDAQ:MU – Get Free Report) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $51.33 billion. During the same quarter in the prior year, the business earned $3.03 EPS. Micron Technology’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. On average, research analysts expect that Micron Technology, Inc. will post 175.82 EPS for the current fiscal year.
Micron Technology Dividend Announcement
The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s payout ratio is currently 0.81%.
Analyst Ratings Changes
A number of research firms recently weighed in on MU. Barclays raised their target price on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. New Street Research upgraded Micron Technology from a “neutral” rating to a “buy” rating and raised their price target for the company from $470.00 to $1,250.00 in a research note on Friday, August 14th. Bank of America upped their price objective on Micron Technology from $950.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Wolfe Research set a $1,500.00 price objective on Micron Technology in a report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Micron Technology currently has an average rating of “Moderate Buy” and an average price target of $1,407.88.
View Our Latest Stock Analysis on Micron Technology
About Micron Technology
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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