1,769 Shares of Micron Technology, Inc. $MU Purchased by True Freedom Investing LLC

True Freedom Investing LLC acquired a new position in Micron Technology, Inc. (NASDAQ:MU) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,769 shares of the semiconductor manufacturer’s stock, valued at approximately $1,884,000.

Other large investors have also made changes to their positions in the company. Bullseye Investment Management LLC acquired a new stake in Micron Technology in the 2nd quarter valued at approximately $27,000. Aventus Investment Advisors Inc. acquired a new position in shares of Micron Technology during the third quarter worth approximately $30,000. Steph & Co. bought a new stake in shares of Micron Technology in the third quarter valued at approximately $31,000. Montgomery Financial Services LLC bought a new stake in shares of Micron Technology in the second quarter valued at approximately $38,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of Micron Technology in the first quarter worth $45,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the 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 completion of the transaction, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 83,545 shares of company stock valued at $78,460,850 in the last 90 days. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MU has been the topic of a number of research reports. TD Cowen reaffirmed a “buy” rating and set a $1,600.00 target price on shares of Micron Technology in a research report on Thursday, October 1st. Cantor Fitzgerald reissued an “overweight” rating and issued a $2,000.00 price target on shares of Micron Technology in a report on Thursday, October 1st. Citigroup raised their price target on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. Rosenblatt Securities restated a “buy” rating and set a $1,900.00 price objective on shares of Micron Technology in a report on Thursday, October 22nd. Finally, Susquehanna reaffirmed a “positive” rating on shares of Micron Technology in a research report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Micron Technology currently has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $884.74 on Monday. The firm has a market capitalization of $1.00 trillion, a PE ratio of 11.92, a PEG ratio of 0.15 and a beta of 2.36. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. Micron Technology, Inc. has a 1-year low of $192.59 and a 1-year high of $1,255.00. The business’s 50 day moving average is $978.68 and its 200-day moving average is $744.52.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. The business had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. Micron Technology’s revenue was up 379.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts predict 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 was paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 14th. Micron Technology’s payout ratio is 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.