Micron Technology, Inc. $MU Stock Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC boosted its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,983 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,396 shares during the quarter. Sowell Financial Services LLC’s holdings in Micron Technology were worth $17,024,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Micron Technology during the 1st quarter worth about $27,000. Bullseye Investment Management LLC bought a new stake in shares of Micron Technology during the 2nd quarter worth about $27,000. Aventus Investment Advisors Inc. bought a new stake in shares of Micron Technology during the 3rd quarter worth about $30,000. Steph & Co. acquired a new position in Micron Technology in the 3rd quarter valued at about $31,000. Finally, Financial Life Planners acquired a new position in Micron Technology in the 1st quarter valued at about $36,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Micron Technology

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

• Positive Sentiment: At its technology presentation, Micron highlighted progress in DRAM, high-bandwidth memory (HBM), NAND and next-generation 3D DRAM. New products planned for 2027 and growing AI-related demand reinforce the company’s position as a key supplier to data-center and high-performance-computing customers. Micron AI-era technology presentation
• Positive Sentiment: ASML said semiconductor and memory demand could exceed supply through at least 2028. That outlook supports the bullish case for continued pricing power, elevated margins and strong demand for Micron’s memory products. ASML demand outlook
• Positive Sentiment: Recent results remain a major catalyst: Micron reported $33.42 in quarterly EPS versus a $31.77 estimate, while revenue rose 379.1% year over year. Management’s next-quarter guidance and analysts’ expectations for continued supply tightness are supporting confidence in further earnings growth.
• Positive Sentiment: Micron reached a labor-management agreement with one Taiwan union, reducing some immediate disruption risk. The company also invested in U.S. indium and critical-materials processing to strengthen supplies for advanced memory manufacturing. Micron Taiwan union agreement
• Neutral Sentiment: Institutional buying and approximately $326.9 million in reported ETF inflows point to continued investor demand, although Micron’s more than 200% year-to-date rally has increased profit-taking risk. Micron ETF buying
• Negative Sentiment: A separate Taiwan union has threatened a strike over bonuses, creating a risk of higher labor costs or production delays. In addition, an insider sold 28,545 shares for about $25.7 million, while investors remain concerned that new capacity, Chinese competitor CXMT and stretched AI valuations could eventually pressure pricing and margins. Micron insider sale

Analyst Ratings Changes

Several brokerages have issued reports on MU. BMO Capital Markets restated an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Arete Research boosted their price objective on Micron Technology from $852.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Susquehanna reaffirmed a “positive” rating on shares of Micron Technology in a report on Thursday, October 1st. New Street Research upgraded shares of Micron Technology from a “neutral” rating to a “buy” rating and increased their target price for the stock from $470.00 to $1,250.00 in a research report on Friday, August 14th. Finally, UBS Group reissued a “buy” rating and set a $1,625.00 target price (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Insider Buying and Selling

In other news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction dated 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 sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott J. Deboer sold 28,545 shares of the business’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 sale, the insider owned 147,430 shares in the company, valued at approximately $132,687,000. This trade 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 123,545 shares of company stock worth $115,750,966 in the last 90 days. Insiders own 0.24% of the company’s stock.

Micron Technology Stock Up 2.0%

Shares of NASDAQ MU opened at $913.67 on Thursday. The company has a market cap of $1.03 trillion, a price-to-earnings ratio of 12.31, a PEG ratio of 0.16 and a beta of 2.22. 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 stock has a 50-day moving average price of $987.36 and a two-hundred day moving average price of $876.61. Micron Technology, Inc. has a 12 month low of $192.40 and a 12 month high of $1,255.00.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. The firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company’s quarterly revenue was up 379.1% on a year-over-year basis. During the same quarter last year, the business posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, analysts forecast that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed 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 is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s payout ratio is currently 0.81%.

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.