Pathway Financial Advisers LLC bought a new stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,148 shares of the semiconductor manufacturer’s stock, valued at approximately $1,222,000.
A number of other hedge funds have also recently added to or reduced their stakes in MU. M.E. Allison & CO. Inc. increased its stake in Micron Technology by 0.8% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $1,528,000 after purchasing an additional 11 shares in the last quarter. Purus Wealth Management LLC grew its holdings in shares of Micron Technology by 1.4% during the third quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer’s stock valued at $867,000 after buying an additional 11 shares during the last quarter. Ables Iannone Moore & Associates Inc. increased its position in shares of Micron Technology by 5.3% during the third quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer’s stock worth $252,000 after acquiring an additional 12 shares in the last quarter. Koesten Hirschmann & Crabtree INC. increased its position in shares of Micron Technology by 5.6% during the third quarter. Koesten Hirschmann & Crabtree INC. now owns 228 shares of the semiconductor manufacturer’s stock worth $243,000 after acquiring an additional 12 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its holdings in shares of Micron Technology by 1.6% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 762 shares of the semiconductor manufacturer’s stock worth $812,000 after acquiring an additional 12 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.
Key Stories Impacting Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Apple expects memory prices to keep rising beyond its December quarter, a sign of continued pricing strength that could support Micron’s revenue and margins. Apple Says It Will Keep Paying More for Memory Chips After December
- Positive Sentiment: A bullish outlook argues that AI-driven memory demand and chip shortages may persist, supporting the case for continued growth. Prediction: Micron Stock Will Triple in 2027
- Negative Sentiment: Investors reportedly grew concerned that Democratic election gains could slow AI data-center construction. If spending is delayed, memory demand could weaken, inventories rise and Micron’s pricing power fade. Why Micron Stock Is Falling Today
- Negative Sentiment: Memory and storage shares sold off even as the broader market advanced, reflecting concern about AI investment plans and whether higher memory costs could curb hardware demand. Micron Stock Faces a Memory Price Conundrum in Wake of Democrat Success
- Negative Sentiment: Market commentator Tom Sosnoff warned that the semiconductor selloff could have further to run, adding near-term risk for MU. Micron Stock Ranks at Top of the Funnel, but Chip Selloff Has Room to Run
Micron Technology Price Performance
MU opened at $795.23 on Thursday. 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’s 50 day simple moving average is $972.16 and its 200 day simple moving average is $751.90. The firm has a market cap of $899.74 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 0.15 and a beta of 2.36. 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 posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (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 company had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. During the same period last year, the firm earned $3.03 earnings per share. 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. As a group, analysts predict that Micron Technology, Inc. will post 177.03 earnings per share for the current year.
Micron Technology Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date was Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is currently 0.81%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on MU. The Goldman Sachs Group set a $1,250.00 target price on Micron Technology in a report on Thursday, October 1st. Susquehanna reissued a “positive” rating on shares of Micron Technology in a research report on Thursday, October 1st. Daiwa Securities Group increased their price target on 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. Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Finally, President Capital raised their price objective on shares of Micron Technology to $1,500.00 and gave the stock a “buy” rating in a report on Friday, July 17th. One 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 stock. According to MarketBeat, Micron Technology presently has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.
Check Out Our Latest Report on Micron Technology
Insider Buying and Selling
In other news, 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 completion of the sale, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. This represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Scott J. Deboer sold 28,545 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider owned 147,430 shares of the company’s stock, valued at approximately $132,687,000. The trade was a 16.22% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 83,545 shares of company stock worth $78,460,850. 0.24% of the stock is owned by corporate 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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