Micron Technology, Inc. $MU Stock Position Lowered by Crew Capital Management Ltd

Crew Capital Management Ltd trimmed its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 27.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,469 shares of the semiconductor manufacturer’s stock after selling 548 shares during the quarter. Crew Capital Management Ltd’s holdings in Micron Technology were worth $1,565,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in Micron Technology in the 1st quarter worth $27,000. Bullseye Investment Management LLC purchased a new position in Micron Technology during the second quarter valued at $27,000. Aventus Investment Advisors Inc. purchased a new position in Micron Technology during the third quarter valued at $30,000. Steph & Co. purchased a new position in Micron Technology during the third quarter valued at $31,000. Finally, Montgomery Financial Services LLC acquired a new stake in shares of Micron Technology in the second quarter valued at about $38,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, insider Scott J. Deboer sold 28,545 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 16.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction that occurred 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 owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 83,545 shares of company stock worth $78,460,850. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on MU shares. TD Cowen reissued a “buy” rating and set a $1,600.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,200.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Micron Technology in a report on Thursday, October 1st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. Finally, President Capital increased their target price on Micron Technology to $1,500.00 and gave the company a “buy” rating in a report on Friday, July 17th. 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. According to data from MarketBeat, the stock presently 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 $934.27 on Friday. Micron Technology, Inc. has a 52-week low of $192.59 and a 52-week high of $1,255.00. The firm has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.17 and a beta of 2.22. The company has a fifty day simple moving average of $980.48 and a 200-day simple moving average of $741.83. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03.

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 analysts’ expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company’s quarterly revenue was up 379.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities analysts anticipate that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 14th were paid a dividend of $0.15 per share. 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 dividend payout ratio is currently 0.81%.

Micron Technology News Roundup

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

• Positive Sentiment: Micron’s long-term outlook remains favorable. The company has reportedly secured most of next year’s shipments through customer agreements, while multi-year take-or-pay contracts cover more than 35% of revenue through 2030 and include approximately $32 billion in customer commitments. Micron Is Trading for Less Than 6 Times Forward Earnings. Here’s Why That’s a Sign to Buy.
• Positive Sentiment: Analysts and financial commentators continue to view MU as attractively valued at fewer than six times forward earnings, with expectations for sustained growth as data-center, AI, and high-bandwidth-memory demand outpaces supply. Micron: Priced For A Peak That Keeps Moving Higher
• Positive Sentiment: Strong results from SK Hynix indicated that DRAM and HBM demand could remain ahead of supply through 2029 or 2030, supporting the industry’s pricing environment and Micron’s earnings potential. Micron Stock Rises as SK Hynix Says DRAM and HBM Are Sold Out

Micron Technology 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.