Micron Technology, Inc. $MU Stock Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 9.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 194,522 shares of the semiconductor manufacturer’s stock after purchasing an additional 16,103 shares during the period. Micron Technology makes up approximately 1.4% of Sumitomo Mitsui DS Asset Management Company Ltd’s holdings, making the stock its 13th largest holding. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Micron Technology were worth $207,187,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MU. Vestia Personal Wealth Advisors grew its position in Micron Technology by 6.0% during the third quarter. Vestia Personal Wealth Advisors now owns 298 shares of the semiconductor manufacturer’s stock valued at $317,000 after acquiring an additional 17 shares during the last quarter. JDH Wealth Management LLC raised its stake in shares of Micron Technology by 16.8% during the third quarter. JDH Wealth Management LLC now owns 404 shares of the semiconductor manufacturer’s stock worth $430,000 after acquiring an additional 58 shares in the last quarter. Secure Asset Management LLC raised its stake in shares of Micron Technology by 154.4% during the third quarter. Secure Asset Management LLC now owns 8,437 shares of the semiconductor manufacturer’s stock worth $8,986,000 after acquiring an additional 5,120 shares in the last quarter. Worth Financial Advisory Group LLC raised its stake in shares of Micron Technology by 37.2% during the third quarter. Worth Financial Advisory Group LLC now owns 612 shares of the semiconductor manufacturer’s stock worth $652,000 after acquiring an additional 166 shares in the last quarter. Finally, Peirce Capital Management LLC lifted its holdings in shares of Micron Technology by 30.5% in the 3rd quarter. Peirce Capital Management LLC now owns 227 shares of the semiconductor manufacturer’s stock worth $242,000 after acquiring an additional 53 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $904.90 on Tuesday. 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 business’s 50 day simple moving average is $986.76 and its two-hundred day simple moving average is $869.04. The stock has a market capitalization of $1.02 trillion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 0.15 and a beta of 2.22. Micron Technology, Inc. has a one year low of $192.40 and a one year high of $1,255.00.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating the consensus estimate of $31.77 by $1.65. The firm had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business’s revenue was up 379.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Analysts forecast that Micron Technology, Inc. will post 177.03 EPS for the current 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 paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. Micron Technology’s payout ratio is presently 0.81%.

Micron Technology News Roundup

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

• Positive Sentiment: Micron’s latest results significantly exceeded expectations, with revenue rising sharply year over year and management forecasting further EPS growth for fiscal 2027. Tight memory supply, elevated pricing and strong AI-data-center demand remain key earnings catalysts. Micron: Significant Upside Potential, But Not Without Risks
• Positive Sentiment: Several analysts see substantial upside in Micron, citing its low forward valuation relative to the broader technology sector and expectations that memory supply-demand conditions could remain tight through 2028. Long-term customer agreements reportedly cover more than one-third of projected sales through 2030, improving revenue visibility. The Best Trillion-Dollar Stock to Buy Right Now, According to Wall Street
• Positive Sentiment: Memory stocks are recovering as fears of an abrupt slowdown in AI infrastructure spending ease. Micron also benefited from expectations that memory prices will continue rising through at least 2027. Why Micron Stock Bounced on Monday
• Neutral Sentiment: Micron will host a technology webinar on October 21, which could provide updates on AI memory products, manufacturing technology and future demand. Micron to Host Technology Webinar on Oct. 21
• Negative Sentiment: Workers at Micron’s Taoyuan facility in Taiwan plan to strike on October 22 after a dispute over profit-sharing. Because Taiwan is important to Micron’s DRAM production, a prolonged walkout could disrupt output, raise costs or add uncertainty to near-term results. Micron Union in Taiwan to Launch Strike
• Negative Sentiment: Investors remain concerned that AI-related semiconductor valuations are stretched and that future memory supply from new factories and competitors could eventually weaken pricing. SK Hynix and Sandisk are also being promoted as faster-growing or lower-valued alternatives to Micron. Micron Stock Falls Amid Three Warning Signals

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating for the company in a research note on Wednesday, September 23rd. President Capital increased their target price on shares of Micron Technology to $1,500.00 and gave the company a “buy” rating in a report on Friday, July 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $1,900.00 target price on shares of Micron Technology in a research report on Tuesday, October 13th. JPMorgan Chase & Co. boosted their price target on shares of Micron Technology from $550.00 to $1,540.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Finally, Itau BBA Securities boosted their price target on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,407.88.

Insider Activity at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott R. Allen sold 879 shares of the business’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the transaction, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. The trade was a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 95,879 shares of company stock worth $90,939,466 in the last three months. 0.24% of the stock is owned by insiders.

Micron Technology Company 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.