Micron Technology, Inc. $MU Stock: King Luther Capital Management Corp Raises Stake

King Luther Capital Management Corp lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 7.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,050 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,311 shares during the quarter. King Luther Capital Management Corp’s holdings in Micron Technology were worth $19,225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MU. Spectrum Planning & Advisory Services Inc. bought a new stake in shares of Micron Technology during the 3rd quarter worth $481,000. CFM Wealth Partners LLC grew its position in Micron Technology by 2.7% in the third quarter. CFM Wealth Partners LLC now owns 2,573 shares of the semiconductor manufacturer’s stock worth $2,741,000 after acquiring an additional 68 shares in the last quarter. Bingham Private Wealth LLC grew its position in Micron Technology by 35.6% in the third quarter. Bingham Private Wealth LLC now owns 354 shares of the semiconductor manufacturer’s stock worth $377,000 after acquiring an additional 93 shares in the last quarter. Smith Partners Wealth Management LLC bought a new position in Micron Technology in the third quarter valued at $214,000. Finally, Maryland State Retirement & Pension System increased its stake in Micron Technology by 30.1% in the third quarter. Maryland State Retirement & Pension System now owns 78,901 shares of the semiconductor manufacturer’s stock valued at $84,038,000 after acquiring an additional 18,276 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Trading Down 1.6%

NASDAQ MU opened at $798.44 on Friday. Micron Technology, Inc. has a 1-year low of $192.59 and a 1-year high of $1,255.00. 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 of $947.33 and a 200-day moving average of $762.45. The firm has a market cap of $903.37 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 0.14 and a beta of 2.36.

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 the consensus estimate of $31.77 by $1.65. The company had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. Micron Technology’s quarterly revenue was up 379.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, sell-side analysts forecast that Micron Technology, Inc. will post 174.19 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th were issued a $0.15 dividend. The ex-dividend date was Wednesday, October 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 0.81%.

Key Stories Impacting Micron Technology

Investors following MU have been watching these stories:

• Positive Sentiment: Tight supply supports memory pricing. Reports say Micron has largely sold its high-bandwidth memory production for next year, reinforcing expectations that AI-driven demand and limited supply can sustain its business. Micron high-bandwidth memory article
• Neutral Sentiment: Micron plans a $1 billion investment in Anthropic’s private placement. The move ties Micron more closely to the AI ecosystem, but the investment’s eventual returns and strategic benefits are uncertain. Micron Anthropic investment article
• Negative Sentiment: Nvidia-related uncertainty is pressuring semiconductor shares. Reports of a leadership shakeup involving CEO Jensen Huang unsettled investors because Micron’s memory-chip demand is tied partly to AI-chip and data-center growth. The concern contributed to a retreat after Wednesday’s rally. Why Micron stock pulled back

Analyst Ratings Changes

Several brokerages have issued reports on MU. Wedbush reaffirmed an “outperform” rating and set a $1,400.00 price target on shares of Micron Technology in a research note on Monday, September 28th. Citigroup boosted their target price on 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. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,200.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. William Blair set a $1,300.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Finally, UBS Group reiterated a “buy” rating and set a $1,625.00 price target (up from $535.00) on shares of Micron Technology in a research report on Wednesday, September 23rd. One equities 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Insider Transactions at Micron Technology

In related news, insider Scott Deboer sold 28,545 shares of Micron Technology 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 of the company’s stock, valued at $132,687,000. The trade was a 16.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 83,545 shares of company stock worth $78,460,850. Insiders own 0.24% of the company’s stock.

Micron Technology Company Profile

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices. Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.