Gainplan LLC Buys New Stake in Micron Technology, Inc. $MU

Gainplan LLC purchased a new position in Micron Technology, Inc. (NASDAQ:MU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 518 shares of the semiconductor manufacturer’s stock, valued at approximately $552,000.

Several other hedge funds have also made changes to their positions in the stock. Market Street Wealth Management Advisors LLC boosted its position in Micron Technology by 33.2% during the 3rd quarter. Market Street Wealth Management Advisors LLC now owns 690 shares of the semiconductor manufacturer’s stock valued at $735,000 after purchasing an additional 172 shares during the period. Monument Capital Management increased its position in Micron Technology by 140.4% in the third quarter. Monument Capital Management now owns 6,190 shares of the semiconductor manufacturer’s stock worth $6,593,000 after buying an additional 3,615 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in Micron Technology by 1.1% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 332,227 shares of the semiconductor manufacturer’s stock worth $353,858,000 after buying an additional 3,700 shares during the period. Diversified Management Inc. lifted its stake in Micron Technology by 0.9% in the third quarter. Diversified Management Inc. now owns 8,958 shares of the semiconductor manufacturer’s stock valued at $9,541,000 after buying an additional 77 shares during the last quarter. Finally, Green Ridge Wealth Planning LLC bought a new stake in Micron Technology in the third quarter valued at $399,000. Institutional investors own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MU. Susquehanna restated a “positive” rating on shares of Micron Technology in a research report on Thursday, October 1st. Mizuho lifted their price objective on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, October 1st. Erste Group Bank upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Needham & Company LLC reissued a “buy” rating and set a $1,650.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Citigroup upped their target price 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. One research 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Trading Down 4.8%

NASDAQ:MU opened at $1,035.84 on Friday. The stock has a market cap of $1.17 trillion, a price-to-earnings ratio of 13.96, a PEG ratio of 0.19 and a beta of 2.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. Micron Technology, Inc. has a 1 year low of $179.61 and a 1 year high of $1,255.00. The business has a fifty day moving average of $975.93 and a 200-day moving average of $840.54.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. The business had revenue of $54.23 billion for 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 revenue was up 379.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities analysts predict that Micron Technology, Inc. will post 175.82 earnings per share for the current year.

Micron Technology Dividend Announcement

The business 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 of this dividend is Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 0.81%.

Insiders Place Their Bets

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred 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 sale, 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 legal filing with the SEC, which is accessible through this link. Also, CAO Scott Allen sold 879 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the sale, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is owned by corporate insiders.

Micron Technology News Summary

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

• Positive Sentiment: Analyst upgrades support the bullish case. Zacks Research upgraded Micron to “Strong Buy,” while another analyst upgrade helped the stock rebound in premarket trading. DA Davidson also maintains a Buy rating and has raised its price target to a Street-high $3,000, citing a multiyear AI-related memory shortage. Micron Technology Stock Jumps After Analyst Upgrade
• Positive Sentiment: Demand visibility remains unusually strong. More than 75% of Micron’s fiscal 2027 shipments are reportedly committed, with customers already discussing 2028 allocations. AI data centers and emerging AI-agent workloads could drive additional demand for DRAM, high-bandwidth memory and NAND. The latest quarterly report showed revenue of $54.23 billion and adjusted EPS of $33.42, while fiscal Q1 2027 guidance implies another record quarter. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Neutral Sentiment: Investors remain divided over the memory cycle. Bulls argue that contracted supply and years of AI infrastructure spending could make this expansion longer and less cyclical than prior memory booms. However, Micron’s valuation has risen sharply, leaving the stock range-bound until earnings growth or further supply constraints provide a fresh catalyst. Micron Stock Is Range-Bound in Choppy AI Trade
• Negative Sentiment: AI-sector risk-off trading is weighing on MU. Reports that OpenAI’s annualized revenue fell short of expectations triggered concern about the pace and sustainability of AI spending, pressuring Micron and other AI-linked semiconductor stocks. Analysts said the reaction may reflect differences in revenue reporting rather than weaker demand, but the episode highlights the crowded nature of the trade. Micron, Nvidia and AI Chip Stocks Fall on OpenAI Revenue Concerns
• Negative Sentiment: Operational and margin concerns add pressure. Adjusted gross margin is expected to ease modestly, while workers at Micron’s Taiwan facilities overwhelmingly authorized a strike over bonus changes. No walkout has been announced, but a disruption at a major production base could affect output and costs. Investors are also watching Samsung’s slower profit growth as a warning that memory pricing momentum may eventually moderate.

Micron Technology Company Profile

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.