Signal Advisors Wealth LLC boosted its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 5.1% in the third quarter, Holdings Channel reports. The firm owned 15,811 shares of the semiconductor manufacturer’s stock after purchasing an additional 773 shares during the period. Signal Advisors Wealth LLC’s holdings in Micron Technology were worth $16,840,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of MU. Denali Advisors LLC acquired a new position in Micron Technology in the second quarter valued at about $7,364,000. Castleark Management LLC bought a new stake in shares of Micron Technology in the first quarter worth about $3,709,000. Oppenheimer & Co. Inc. raised its position in shares of Micron Technology by 16.0% during the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after purchasing an additional 6,702 shares during the period. Legacy Wealth Management LLC MS raised its position in shares of Micron Technology by 73.3% during the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after purchasing an additional 1,499 shares during the period. Finally, Franklin Street Advisors Inc. NC raised its position in shares of Micron Technology by 2,461.4% during the second quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock worth $42,871,000 after purchasing an additional 35,691 shares during the period. Institutional investors own 80.84% of the company’s stock.
Micron Technology Stock Down 3.6%
MU stock opened at $953.19 on Wednesday. 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 stock has a market capitalization of $1.08 trillion, a P/E ratio of 12.84, a P/E/G ratio of 0.17 and a beta of 2.22. Micron Technology, Inc. has a fifty-two week low of $186.25 and a fifty-two week high of $1,255.00. The business has a 50-day moving average of $984.44 and a 200-day moving average of $853.14.
Micron Technology Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be given a dividend of $0.15 per share. 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 dividend payout ratio is 0.81%.
Insider Transactions at Micron Technology
In other news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were 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 directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott Allen sold 879 shares of Micron Technology 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 transaction of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 95,879 shares of company stock valued at $90,939,466 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.
Key Stories Impacting Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Micron’s board increased its share-repurchase authorization to approximately $35 billion, potentially supporting earnings per share and signaling management’s confidence in long-term cash generation. Why Is Micron Stock Rising Today?
- Positive Sentiment: Investors and commentators highlighted Micron’s multi-year customer agreements, which provide substantial visibility into future demand, while more than 75% of fiscal 2027 output is reportedly committed. AI-related demand and the planned HBM4 ramp could also support pricing and margins. Jim Cramer on Semiconductor Stocks
- Positive Sentiment: Recent results remain exceptionally strong: fiscal fourth-quarter revenue rose roughly 379% year over year to $54.23 billion, while adjusted EPS exceeded expectations. Rosenblatt reaffirmed a Buy rating with a $1,900 target, and other analysts argued that the stock’s low forward valuation may underestimate the durability of the AI memory cycle. Micron Valuation Analysis
- Neutral Sentiment: The central debate is whether Micron’s unusually high current profits represent a sustainable structural shift or a cyclical peak. Low forward earnings multiples look attractive, but they also reflect investor concerns that memory pricing and margins could eventually normalize.
- Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design and plans to target server memory. The development raised fears that additional supply could weaken Micron’s pricing power, particularly in its most profitable products. Micron Stock and China Competition
- Negative Sentiment: Broader semiconductor selling, profit-taking after a major rally, and warnings about China’s manufacturing capabilities added pressure. A potential labor dispute at Micron’s Taiwan operations, a $600 million patent settlement, and recent insider selling contributed to concerns about execution and future cash flow.
Analyst Ratings Changes
MU has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $1,500.00 price objective on shares of Micron Technology in a report on Thursday, October 1st. Wells Fargo & Company lowered their target price on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating for the company in a research note on Wednesday, September 23rd. Bank of America increased their target price 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, Stifel Nicolaus lifted their price target on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. One 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 company’s stock. Based on data from MarketBeat.com, Micron Technology presently has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.
Micron Technology Company Profile
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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