Micron Technology, Inc. $MU Stock Acquired by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 8.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,993 shares of the semiconductor manufacturer’s stock after acquiring an additional 715 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Micron Technology were worth $9,579,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in MU. Purus Wealth Management LLC raised its position in shares of Micron Technology by 1.4% during the 3rd quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer’s stock worth $867,000 after acquiring an additional 11 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in Micron Technology by 40.2% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,989 shares of the semiconductor manufacturer’s stock valued at $2,119,000 after purchasing an additional 570 shares in the last quarter. Nvwm LLC increased its stake in Micron Technology by 139.2% in the third quarter. Nvwm LLC now owns 122 shares of the semiconductor manufacturer’s stock valued at $130,000 after purchasing an additional 71 shares during the last quarter. HBW Advisory Services LLC increased its stake in Micron Technology by 21.6% in the third quarter. HBW Advisory Services LLC now owns 2,390 shares of the semiconductor manufacturer’s stock valued at $2,546,000 after purchasing an additional 424 shares during the last quarter. Finally, Truefg LLC raised its holdings in Micron Technology by 75.0% during the third quarter. Truefg LLC now owns 350 shares of the semiconductor manufacturer’s stock worth $373,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: Micron’s fundamental outlook remains strong. Fiscal 2026 revenue reportedly rose 256% to $133.2 billion, while tight DRAM and HBM supply is supporting significant margin expansion. The company is also accelerating construction of new fabs in Idaho and New York to increase capacity. Prediction: This Is What $2,000 Invested in Micron Stock Today Could Be Worth by 2029
• Positive Sentiment: Micron has signed 26 strategic customer agreements with pricing frameworks, helping reduce the traditional memory cycle risk. Its diversified customer base also means no single customer represented at least 10% of fiscal 2026 revenue. Micron’s Customer Contracts Just Took the Memory Cycle Off the Table
• Positive Sentiment: Analysts and commentators continue to identify MU as a buy-the-dip opportunity, citing AI-driven revenue growth, expanding margins and a lower valuation than some peers. Erste Group also raised its FY2027 earnings estimate, while Rosenblatt reaffirmed a Buy rating.
• Positive Sentiment: Elon Musk praised Micron’s approach to future memory pricing, and strong demand for AI infrastructure is expected to support high-value HBM shipments. ASML’s reported order backlog through 2030 also reinforces the long-term equipment and HBM demand outlook. ASML Just Delivered Excellent News for Micron Stock Investors
• Neutral Sentiment: Micron’s market capitalization is trailing several large companies, including Eli Lilly and Berkshire Hathaway, highlighting both the stock’s substantial rally and the possibility that investors are reassessing its valuation after recent volatility.
• Negative Sentiment: The principal overhang is China’s ChangXin Memory Technologies (CXMT), which is advancing in DDR5, LPDDR5X and server-memory products. Investors fear that Chinese competition could pressure prices and margins, although analysts note CXMT currently appears more competitive in lower-end memory than in Micron’s premium HBM products.
• Negative Sentiment: A broader AI and semiconductor sell-off, concerns about a possible memory oversupply by 2029, higher inflation and potential interest-rate increases have contributed to recent selling. Cathie Wood’s warning that memory-chip cycles remain “vicious” underscores the risk that today’s exceptional profits may not persist.

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, 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 is accessible through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction that occurred 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 directly owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,879 shares of company stock worth $90,939,466 over the last 90 days. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MU. William Blair set a $1,300.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2,000.00 target price on shares of Micron Technology in a research report on Thursday, October 1st. Raymond James Financial reaffirmed an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. TD Cowen reissued a “buy” rating and issued a $1,600.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Wolfe Research set a $1,500.00 price target on shares of Micron Technology in a research report on Thursday, June 25th. One equities research 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Price Performance

Micron Technology stock opened at $931.24 on Friday. Micron Technology, Inc. has a 12 month low of $192.40 and a 12 month high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The business has a 50 day simple moving average of $985.86 and a 200-day simple moving average of $861.12. The stock has a market capitalization of $1.05 trillion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data 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 analysts’ expectations of $51.33 billion. During the same period in the previous year, the company posted $3.03 EPS. Micron Technology’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 analysts predict that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be given a $0.15 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 0.81%.

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.