Micron Technology, Inc. $MU Stock Bought by Simplicity Wealth LLC

Simplicity Wealth LLC increased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 19.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,650 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,550 shares during the quarter. Simplicity Wealth LLC’s holdings in Micron Technology were worth $10,278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new stake in Micron Technology during the first quarter worth approximately $27,000. Bullseye Investment Management LLC acquired a new position in Micron Technology in the second quarter worth approximately $27,000. Aventus Investment Advisors Inc. bought a new position in shares of Micron Technology in the third quarter valued at $30,000. Steph & Co. bought a new position in shares of Micron Technology in the third quarter valued at $31,000. Finally, Financial Life Planners bought a new position in shares of Micron Technology in the first quarter valued at $36,000. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Stock Performance

Micron Technology stock opened at $877.55 on Monday. Micron Technology, Inc. has a 52 week low of $192.59 and a 52 week high of $1,255.00. 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 firm has a market capitalization of $992.88 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 0.15 and a beta of 2.22. The company has a 50 day moving average price of $983.61 and a 200 day moving average price of $883.59.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $51.33 billion. During the same period in the previous year, the business earned $3.03 EPS. The company’s 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. Research analysts forecast that Micron Technology, Inc. will post 177.03 EPS 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 currently 0.81%.

Insider Activity

In other news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology 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 owned 264,503 shares in the company, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Scott Deboer sold 28,545 shares of the company’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the transaction, the insider directly owned 147,430 shares in the company, valued at $132,687,000. The trade was a 16.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 83,545 shares of company stock worth $78,460,850. 0.24% of the stock is owned by corporate insiders.

Key Headlines Impacting Micron Technology

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.

Analysts Set New Price Targets

A number of brokerages have recently commented on MU. Needham & Company LLC reiterated a “buy” rating and set a $1,650.00 price objective on shares of Micron Technology in a research report on Thursday. Morgan Stanley restated an “overweight” rating and issued a $1,200.00 target price on shares of Micron Technology in a report on Thursday, October 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $1,900.00 target price on shares of Micron Technology in a research report on Thursday. Citigroup lifted their price target on Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. Finally, Wedbush restated an “outperform” rating and set a $1,400.00 price objective on shares of Micron Technology in a report on Monday, September 28th. One equities research 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 stock. According to data from MarketBeat, Micron Technology has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.

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.