12,550 Micron Technology, Inc. $MU Shares Purchased by M & L Capital Management Ltd

M & L Capital Management Ltd raised its holdings in Micron Technology, Inc. (NASDAQ:MU) by 30.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,313 shares of the semiconductor manufacturer’s stock after purchasing an additional 12,550 shares during the period. Micron Technology makes up about 12.0% of M & L Capital Management Ltd’s portfolio, making the stock its largest holding. M & L Capital Management Ltd’s holdings in Micron Technology were worth $57,849,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Andar Capital Management HK Ltd raised its position in shares of Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock valued at $39,571,847,000 after buying an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA bought a new stake in shares of Micron Technology in the second quarter valued at approximately $22,182,263,000. Bank of America Corp DE boosted its stake in shares of Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after buying an additional 2,136,470 shares during the period. Legal & General Group Plc bought a new stake in shares of Micron Technology in the second quarter valued at approximately $8,402,393,000. Finally, Wellington Management Group LLP grew its position in Micron Technology by 28.7% during the second quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock worth $5,823,556,000 after buying an additional 1,125,414 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the transaction, 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 position. The sale was disclosed in a document filed 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 value of $38,756,000.00. Following the transaction, the chief executive officer directly 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 disclosure for this sale is available in the SEC filing. Insiders sold 83,545 shares of company stock worth $78,460,850 over the last three months. Insiders own 0.24% of the company’s stock.

Micron Technology Trading Up 2.8%

Shares of Micron Technology stock opened at $928.76 on Wednesday. The company has a 50 day moving average of $979.69 and a 200-day moving average of $735.60. Micron Technology, Inc. has a 1-year low of $192.59 and a 1-year high of $1,255.00. The company has a market cap of $1.05 trillion, a PE ratio of 12.52 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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. The business’s revenue was up 379.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.03 EPS. 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 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Micron Technology News Roundup

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

• Positive Sentiment: Elon Musk predicted that humanoid robots could require enormous amounts of memory, prompting analysts to frame robotics as a potentially significant long-term volume opportunity for Micron and SK hynix. Separate forecasts suggest humanoid robots could use substantially more memory by 2030. Elon Musk Says Robots Will Need More Memory
• Positive Sentiment: Bank of America reiterated its buy rating and became more constructive on memory following meetings with industry executives. The firm believes customers are increasingly securing supply through long-term agreements, supporting pricing and visibility for Micron. Bank of America Reiterates Buy on Micron
• Positive Sentiment: Micron’s recent earnings beat and record results continue to support the bullish case. Strong AI-related high-bandwidth-memory demand, tight supply, and favorable earnings expectations have led some analysts to argue that the stock remains inexpensive relative to its growth potential. Can Micron Survive a 40% Drop in Memory Prices?
• Positive Sentiment: Micron’s new employee bonus plan may help align compensation with company performance and support retention as the business expands its AI-memory capacity. Micron Unveils a New Bonus Plan

Analyst Ratings Changes

MU has been the topic of a number of recent research reports. Morgan Stanley restated an “overweight” rating and set a $1,200.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Micron Technology in a report on Thursday, October 1st. Arete Research upped their target price on Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. BMO Capital Markets reissued an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, Wedbush restated an “outperform” rating and issued a $1,400.00 price target on shares of Micron Technology in a research report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Micron Technology presently has a consensus rating of “Moderate Buy” and a consensus price target 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.