Orange Investment Advisors Inc. lifted its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 478.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,856 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,362 shares during the period. Orange Investment Advisors Inc.’s holdings in Micron Technology were worth $3,042,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of MU. Gibbs Wealth Management raised its holdings in Micron Technology by 52.7% during the third quarter. Gibbs Wealth Management now owns 6,041 shares of the semiconductor manufacturer’s stock valued at $6,435,000 after acquiring an additional 2,085 shares during the period. Denali Advisors LLC purchased a new position in shares of Micron Technology in the second quarter valued at about $7,364,000. Castleark Management LLC purchased a new position in shares of Micron Technology in the first quarter valued at about $3,709,000. Oppenheimer & Co. Inc. boosted its stake in shares of Micron Technology by 16.0% in the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after acquiring an additional 6,702 shares during the period. Finally, Legacy Wealth Management LLC MS boosted its stake in shares of Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after acquiring an additional 1,499 shares during the period. 80.84% of the stock is owned by institutional investors.
Micron Technology Price Performance
Shares of MU stock opened at $877.55 on Monday. The stock has a market cap of $992.88 billion, a P/E ratio of 11.83, a PEG ratio of 0.15 and a beta of 2.22. Micron Technology, Inc. has a 52 week low of $192.59 and a 52 week high of $1,255.00. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The company’s fifty day simple moving average is $983.61 and its two-hundred day simple moving average is $883.59.
Micron Technology (NASDAQ:MU – Get Free Report) last released 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. The business had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business’s revenue was up 379.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Analysts predict that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.
Micron Technology Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s payout ratio is currently 0.81%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. TD Cowen reiterated a “buy” rating and set a $1,600.00 target price on shares of Micron Technology in a research report on Thursday, October 1st. Weiss Ratings raised Micron Technology from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, October 12th. Zacks Research raised Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Daiwa Securities Group upped their price target on Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, CLSA restated an “outperform” rating and issued a $1,700.00 price target on shares of Micron Technology in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.
Read Our Latest Stock Analysis on Micron Technology
Insider Buying and Selling
In other Micron Technology news, insider Scott J. Deboer sold 28,545 shares of the firm’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the completion of the transaction, the insider owned 147,430 shares in the company, valued at $132,687,000. This trade represents a 16.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the sale, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 83,545 shares of company stock worth $78,460,850. Corporate insiders own 0.24% of the company’s stock.
Trending Headlines about Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Improved industry sentiment: A broad rebound in semiconductor stocks lifted Micron, SK Hynix and SanDisk as investors returned to AI and memory names following a sharp pullback. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
- Positive Sentiment: Favorable supply dynamics: SK Hynix’s decision to abandon a planned U.S. IPO for its Solidigm flash-memory unit could reduce concerns about additional NAND supply entering the market, potentially benefiting Micron and SanDisk. Micron, Sandisk gain as SK Hynix scraps Solidigm IPO
- Positive Sentiment: Analyst and growth support: Erste Group raised its FY2028 EPS forecast to $201.26 from $199.05 and maintained a Buy rating. Analysts continue to point to Micron’s AI-driven HBM demand, improving margins and relatively low valuation as reasons for optimism. Micron earnings estimate update
- Neutral Sentiment: Strategic investment: Micron’s planned investment in U.S. critical-mineral processing supports its domestic supply-chain strategy, although the near-term financial impact is unclear. Micron critical-minerals investment
- Negative Sentiment: Technology execution risk: Micron’s next-generation memory architecture could improve data movement for AI processors, but placing more memory closer to computing units creates difficult cooling and heat-management challenges. Micron’s Next AI Memory Breakthrough Has a Cooling Problem
- Negative Sentiment: Insider selling and volatility: Recent filings show extensive insider selling with no reported open-market purchases, while technical commentary warns that the recovery remains fragile amid ongoing concerns about AI spending, interest rates and valuation.
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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