Micron Technology, Inc. $MU Stock Purchased by Franchise GP Ltd

Franchise GP Ltd increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,200 shares of the semiconductor manufacturer’s stock after purchasing an additional 820 shares during the period. Micron Technology makes up 6.4% of Franchise GP Ltd’s portfolio, making the stock its 6th biggest position. Franchise GP Ltd’s holdings in Micron Technology were worth $15,125,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Denali Advisors LLC acquired a new position in Micron Technology in the 2nd quarter worth $7,364,000. Castleark Management LLC bought a new position in Micron Technology during the 1st quarter worth about $3,709,000. Oppenheimer & Co. Inc. increased its holdings in Micron Technology by 16.0% during the 2nd 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 in the last quarter. Legacy Wealth Management LLC MS increased its holdings in Micron Technology by 73.3% during the 2nd 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 in the last quarter. Finally, Franklin Street Advisors Inc. NC raised its stake in shares of Micron Technology by 2,461.4% in the 2nd quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock valued at $42,871,000 after purchasing an additional 35,691 shares during the period. Institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was 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 approximately $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the firm’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 value of $14,014,350.00. Following the completion of the transaction, the executive vice president 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 95,879 shares of company stock worth $90,939,466. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Stock Down 5.6%

Shares of MU stock opened at $878.84 on Friday. The firm’s fifty day moving average price is $985.88 and its two-hundred day moving average price is $861.24. 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 1 year low of $192.40 and a 1 year high of $1,255.00. The firm has a market capitalization of $994.34 billion, a P/E ratio of 11.84, a PEG ratio of 0.16 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 EPS for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same period in the prior year, the business posted $3.03 EPS. The company’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. On average, equities analysts predict that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s dividend payout ratio is presently 0.81%.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron’s long-term outlook remains supported by tight memory supply and robust AI demand. Analysts and commentators point to expanding margins, pricing strength, high-bandwidth memory (HBM) growth, and management’s expectation that supply constraints could persist through 2028. Micron: Why You Should Buy Before Dec’26
• Positive Sentiment: Recent results exceeded expectations: fiscal fourth-quarter revenue reached approximately $54.2 billion, above the high end of management’s outlook, while full-year revenue reportedly rose to about $133.2 billion. Supporters also cite long-term customer agreements, price floors, potential share repurchases under Micron’s $35 billion authorization, and continued investment in U.S. manufacturing. Micron Stock Is 25% Below Its June Record
• Positive Sentiment: ASML’s comments that demand for advanced chipmaking equipment exceeds supply through 2028 are viewed as favorable for Micron, a major ASML customer developing next-generation HBM products. Micron also pledged $50 million to U.S. memory research, reinforcing its domestic technology and supply-chain strategy. ASML Just Delivered Excellent News for Micron Stock Investors
• Neutral Sentiment: Several analysts continue to describe the retreat as a potential buying opportunity, citing Micron’s valuation and earnings growth. However, bullish price targets depend on memory demand remaining strong and the current pricing cycle lasting longer than expected.
• Negative Sentiment: Investors remain concerned that CXMT’s progress in DDR5, LPDDR5X, and server memory could pressure pricing and market share, particularly in conventional memory. A possible industry oversupply later this decade adds to the cyclical risk. Memory stocks are getting hammered
• Negative Sentiment: The broader AI trade is under pressure as investors question whether data-center spending can generate adequate returns and whether highly leveraged “neocloud” companies can remain viable. Higher inflation and the prospect of additional interest-rate increases are also encouraging rotation away from expensive technology stocks.
• Negative Sentiment: One senior executive sold 6,328 Micron shares on October 14. The transaction appears isolated and is small relative to the company, but it adds a modest negative signal during an already weak trading period. Monster insider trading alert for Micron stock

Analyst Upgrades and Downgrades

MU has been the subject of several recent research reports. Susquehanna reaffirmed a “positive” rating on shares of Micron Technology in a research report on Thursday, October 1st. DA Davidson increased their price objective on Micron Technology from $2,100.00 to $3,000.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Mizuho lifted their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, October 1st. Argus dropped their target price on Micron Technology from $1,500.00 to $540.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Finally, ThinkEquity restated a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology 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.