Micron Technology, Inc. $MU Stock: Focus Financial Network Inc. Raises Position

Focus Financial Network Inc. raised its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 27.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,352 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,150 shares during the quarter. Focus Financial Network Inc.’s holdings in Micron Technology were worth $5,700,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MU. Andar Capital Management HK Ltd boosted its position in Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after acquiring an additional 34,278,413 shares during the period. Primecap Management Co. CA acquired a new position in shares of Micron Technology in the 2nd quarter valued at about $22,182,263,000. Bank of America Corp DE lifted its position in shares of Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock worth $11,744,621,000 after purchasing an additional 2,136,470 shares in the last quarter. Invesco Ltd. lifted its position in shares of Micron Technology by 1.6% in the fourth quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock worth $2,790,522,000 after purchasing an additional 155,073 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of Micron Technology during the second quarter worth approximately $8,402,393,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Activity at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s 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 transaction, the chief executive officer 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 SEC filing for this sale provides additional information. Insiders have sold 95,879 shares of company stock worth $90,939,466 over the last three months. Company insiders own 0.24% of the company’s stock.

Micron Technology Stock Performance

NASDAQ:MU opened at $953.19 on Wednesday. Micron Technology, Inc. has a 1 year low of $186.25 and a 1 year high of $1,255.00. The firm’s fifty day simple moving average is $984.44 and its 200 day simple moving average is $853.14. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.08 trillion, a PE ratio of 12.84, a PEG ratio of 0.17 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share 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 in the previous year, the firm earned $3.03 EPS. The firm’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. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 175.82 EPS for the current year.

Micron Technology Dividend Announcement

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 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 (DPR) is 0.81%.

More Micron Technology News

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Earnings estimates and analyst support improved. Erste Group raised its FY2027 EPS forecast to $173.31 from $156.41 and maintained a Buy rating, while Rosenblatt reaffirmed its Buy rating with a $1,900 price target. Analysts remain bullish on Micron’s HBM4 ramp, higher 2027 contract pricing and potential margin expansion. Micron analyst estimates
• Positive Sentiment: Long-term customer agreements are reducing cycle risk. Micron has increased its strategic customer agreements to 26, up from 16 three months earlier. The contracts establish longer-term pricing frameworks, cover a significant portion of fiscal 2027 output and improve visibility into demand despite the memory market’s traditional cyclicality. Micron customer contracts article
• Positive Sentiment: Customer concentration risk has declined. Micron’s fiscal 2026 annual report showed that no individual customer represented at least 10% of revenue, compared with one customer accounting for 17% the prior year. Elon Musk also praised Micron’s relatively reasonable approach to future memory pricing, potentially supporting long-term customer relationships. Elon Musk Micron pricing article
• Positive Sentiment: Capital returns provide valuation support. Micron authorized approximately $35 billion in share repurchases, signaling management’s confidence in cash generation and potentially creating demand for the shares.
• Neutral Sentiment: Micron’s fiscal fourth-quarter revenue reached $54.23 billion, up 379% year over year, while adjusted EPS exceeded expectations. However, the stock’s low forward earnings multiple also reflects investor concern that these results may represent peak-cycle profitability.
• Negative Sentiment: China competition is the primary source of selling pressure. ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design and plans to target server memory. Investors fear that successful commercialization could eventually pressure Micron’s pricing power and margins, although production scale, yields and customer validation remain unproven. Chinese competition and Micron article
• Negative Sentiment: Additional risks include a possible labor strike at Micron’s Taoyuan, Taiwan facility, the $600 million Netlist patent settlement payable over five years, and profit-taking after the stock’s substantial year-to-date advance.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Raymond James Financial reissued an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. President Capital upped their price target on shares of Micron Technology to $1,500.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Micron Technology in a report on Thursday, October 1st. Zacks Research upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Finally, TD Cowen reissued a “buy” rating and set a $1,600.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. One investment 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.