Micron Technology, Inc. $MU Stake Raised by Wedbush Securities Inc.

Wedbush Securities Inc. lifted its holdings in Micron Technology, Inc. (NASDAQ:MU) by 4.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,396 shares of the semiconductor manufacturer’s stock after purchasing an additional 892 shares during the period. Micron Technology comprises 0.6% of Wedbush Securities Inc.’s holdings, making the stock its 23rd biggest holding. Wedbush Securities Inc.’s holdings in Micron Technology were worth $22,789,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. M.E. Allison & CO. Inc. boosted its holdings in Micron Technology by 0.8% during the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after buying an additional 11 shares in the last quarter. Purus Wealth Management LLC grew its position in Micron Technology by 1.4% in the third quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer’s stock worth $867,000 after buying an additional 11 shares during the last quarter. Ables Iannone Moore & Associates Inc. increased its holdings in shares of Micron Technology by 5.3% in the third quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer’s stock valued at $252,000 after buying an additional 12 shares in the last quarter. Koesten Hirschmann & Crabtree INC. increased its holdings in shares of Micron Technology by 5.6% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 228 shares of the semiconductor manufacturer’s stock valued at $243,000 after buying an additional 12 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its position in Micron Technology by 1.6% during the third quarter. Physician Wealth Advisors Inc. now owns 762 shares of the semiconductor manufacturer’s stock valued at $812,000 after acquiring an additional 12 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Trading Up 2.5%

Micron Technology stock opened at $877.55 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The business’s 50-day simple moving average is $983.61 and its 200-day simple moving average is $880.05. The firm has a market capitalization of $992.88 billion, a PE ratio of 11.83, a PEG ratio of 0.15 and a beta of 2.22. Micron Technology, Inc. has a 52 week low of $192.59 and a 52 week high of $1,255.00.

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. Equities research analysts forecast that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be issued 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 dividend yield of 0.1%. Micron Technology’s payout ratio is 0.81%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Wells Fargo & Company dropped their price target on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 23rd. CLSA reaffirmed an “outperform” rating and issued a $1,700.00 price objective on shares of Micron Technology in a research note on Friday, October 2nd. William Blair set a $1,300.00 price objective on shares of Micron Technology in a report on Thursday, October 1st. Morgan Stanley reiterated an “overweight” rating and issued a $1,200.00 price objective on shares of Micron Technology in a report on Thursday, October 1st. Finally, Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have assigned 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 price target of $1,407.88.

Micron Technology News Summary

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

• Positive Sentiment: Improved industry sentiment: A broad rebound in semiconductor stocks lifted Micron, SK Hynix and SanDisk as investors returned to AI and memory names following a sharp pullback. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Favorable supply dynamics: SK Hynix’s decision to abandon a planned U.S. IPO for its Solidigm flash-memory unit could reduce concerns about additional NAND supply entering the market, potentially benefiting Micron and SanDisk. Micron, Sandisk gain as SK Hynix scraps Solidigm IPO
• Positive Sentiment: Analyst and growth support: Erste Group raised its FY2028 EPS forecast to $201.26 from $199.05 and maintained a Buy rating. Analysts continue to point to Micron’s AI-driven HBM demand, improving margins and relatively low valuation as reasons for optimism. Micron earnings estimate update
• Neutral Sentiment: Strategic investment: Micron’s planned investment in U.S. critical-mineral processing supports its domestic supply-chain strategy, although the near-term financial impact is unclear. Micron critical-minerals investment
• Negative Sentiment: Technology execution risk: Micron’s next-generation memory architecture could improve data movement for AI processors, but placing more memory closer to computing units creates difficult cooling and heat-management challenges. Micron’s Next AI Memory Breakthrough Has a Cooling Problem
• Negative Sentiment: Insider selling and volatility: Recent filings show extensive insider selling with no reported open-market purchases, while technical commentary warns that the recovery remains fragile amid ongoing concerns about AI spending, interest rates and valuation.

Insider Transactions at Micron Technology

In other news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 83,545 shares of company stock worth $78,460,850 over the last three months. 0.24% of the stock is currently owned by insiders.

About Micron Technology

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.