ProShare Advisors LLC raised its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 6.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,414,904 shares of the semiconductor manufacturer’s stock after purchasing an additional 87,480 shares during the period. Micron Technology makes up approximately 2.2% of ProShare Advisors LLC’s holdings, making the stock its 5th largest holding. ProShare Advisors LLC owned approximately 0.13% of Micron Technology worth $1,507,028,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vise Technologies Inc. boosted its holdings in shares of Micron Technology by 17.7% during the 3rd quarter. Vise Technologies Inc. now owns 67,468 shares of the semiconductor manufacturer’s stock worth $71,861,000 after purchasing an additional 10,170 shares during the last quarter. Investment Partners LTD. raised its position in shares of Micron Technology by 97.7% in the 3rd quarter. Investment Partners LTD. now owns 8,793 shares of the semiconductor manufacturer’s stock worth $9,366,000 after buying an additional 4,346 shares during the period. Blue Fin Capital Inc. boosted its position in Micron Technology by 24.1% in the 3rd quarter. Blue Fin Capital Inc. now owns 2,022 shares of the semiconductor manufacturer’s stock valued at $2,153,000 after buying an additional 393 shares during the last quarter. Summit Global Investments raised its stake in Micron Technology by 64.5% during the third quarter. Summit Global Investments now owns 11,820 shares of the semiconductor manufacturer’s stock worth $12,590,000 after acquiring an additional 4,634 shares during the period. Finally, Gilliland Jeter Wealth Management LLC lifted its stake in shares of Micron Technology by 0.5% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 2,853 shares of the semiconductor manufacturer’s stock worth $3,039,000 after acquiring an additional 15 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.
Micron Technology News Roundup
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Memory demand remains exceptionally strong. SK Hynix said its available memory capacity is effectively sold out through 2029, supporting expectations for sustained pricing power in DRAM, NAND and high-bandwidth memory (HBM)—markets in which Micron is a major supplier. SK Hynix Just Delivered Fantastic News for Micron
- Positive Sentiment: Several analysts remain bullish, arguing that Micron’s supply is unlikely to catch up with demand before fiscal 2028 and that HBM prices could rise significantly in 2027. Reports also cite customer agreements that have locked in much of next year’s shipments, potentially supporting record earnings and visibility. Micron Stock: Why I’m Buying, Not Panicking
- Positive Sentiment: Attractive projected earnings growth and a low forward valuation are encouraging some investors to view the recent weakness as a buying opportunity. Micron is also receiving attention as an AI beneficiary, while its inclusion among major S&P 500 ETF holdings can support recurring institutional demand. Think You Missed Out on Micron’s Run? Think Again.
- Neutral Sentiment: Micron’s investment case remains highly dependent on continued AI infrastructure spending. Articles present the company as potentially resilient if AI budgets slow, but also warn that memory stocks could be among the more exposed semiconductor businesses if customers reduce or delay data-center investment. If AI Spending Slows in 2027, These Semiconductor Stocks Could Hold Up Best
- Negative Sentiment: The immediate pressure came from a wider technology and semiconductor selloff following disappointing results from Amazon and Intel. Weakness in Alphabet and Samsung also reduced risk appetite and caused investors to reassess elevated expectations for memory stocks. Why are Micron, SK Hynix and SanDisk stocks falling on Friday?
- Negative Sentiment: SanDisk’s strong earnings and raised outlook failed to prevent a sharp decline in memory shares, highlighting profit-taking and valuation concerns. Meanwhile, China’s CXMT reported a 613% revenue increase, signaling a growing competitive threat to established suppliers such as Micron over time. CXMT posts 613% jump in revenue as Micron, SanDisk shares tumble
Micron Technology Price Performance
MU opened at $884.74 on Friday. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. Micron Technology, Inc. has a twelve month low of $192.59 and a twelve month high of $1,255.00. The company has a fifty day simple moving average of $978.68 and a 200 day simple moving average of $744.52. The firm has a market cap of $1.00 trillion, a price-to-earnings ratio of 11.92, a PEG ratio of 0.15 and a beta of 2.22.
Micron Technology (NASDAQ:MU – Get Free Report) last issued 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 return on equity of 92.62% and a net margin of 63.80%. The business had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. During the same quarter last year, the firm posted $3.03 earnings per share. Micron Technology’s revenue 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. Equities research analysts expect that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.
Micron Technology Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s payout ratio is 0.81%.
Analysts Set New Price Targets
Several research analysts recently commented on MU shares. CLSA reaffirmed an “outperform” rating and issued a $1,700.00 target price on shares of Micron Technology in a research report on Friday, October 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. Itau BBA Securities increased their price objective on Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Daiwa Securities Group boosted their price target on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Finally, TD Cowen restated a “buy” rating and set a $1,600.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. One research 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.
View Our Latest Analysis on Micron Technology
Insider Activity
In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the sale, the executive vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $25,690,500.00. Following the sale, 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 disclosure for this sale is available in the SEC filing. Insiders have sold 83,545 shares of company stock valued at $78,460,850 in the last ninety days. 0.24% of the stock is owned by company insiders.
Micron Technology Profile
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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