Micron Technology, Inc. $MU Stake Increased by Strategic Planning Group LLC

Strategic Planning Group LLC grew its stake in Micron Technology, Inc. (NASDAQ:MU) by 42.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,557 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,552 shares during the quarter. Strategic Planning Group LLC’s holdings in Micron Technology were worth $9,115,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brookstone Capital Management grew its holdings in shares of Micron Technology by 51.6% in the third quarter. Brookstone Capital Management now owns 59,878 shares of the semiconductor manufacturer’s stock valued at $63,777,000 after purchasing an additional 20,369 shares during the period. SeaCrest Wealth Management LLC grew its stake in shares of Micron Technology by 23.0% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 7,939 shares of the semiconductor manufacturer’s stock valued at $8,456,000 after buying an additional 1,482 shares during the period. Virtue Asset Management LLC increased its holdings in shares of Micron Technology by 2.3% during the 3rd quarter. Virtue Asset Management LLC now owns 1,115 shares of the semiconductor manufacturer’s stock worth $1,187,000 after buying an additional 25 shares during the last quarter. Legacy Financial Group Inc. raised its position in shares of Micron Technology by 62.5% during the 3rd quarter. Legacy Financial Group Inc. now owns 580 shares of the semiconductor manufacturer’s stock valued at $618,000 after buying an additional 223 shares during the period. Finally, NBT Bank N.A. acquired a new position in Micron Technology in the third quarter valued at approximately $241,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Activity at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction on 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 completion of 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 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 company’s stock in a transaction dated 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 sale, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 83,545 shares of company stock worth $78,460,850. Company insiders own 0.24% of the company’s stock.

Key Micron Technology News

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

• Positive Sentiment: Improved industry sentiment: A broad rebound in semiconductor stocks lifted Micron, SK Hynix and SanDisk as investors returned to AI and memory names following a sharp pullback. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Favorable supply dynamics: SK Hynix’s decision to abandon a planned U.S. IPO for its Solidigm flash-memory unit could reduce concerns about additional NAND supply entering the market, potentially benefiting Micron and SanDisk. Micron, Sandisk gain as SK Hynix scraps Solidigm IPO
• Positive Sentiment: Analyst and growth support: Erste Group raised its FY2028 EPS forecast to $201.26 from $199.05 and maintained a Buy rating. Analysts continue to point to Micron’s AI-driven HBM demand, improving margins and relatively low valuation as reasons for optimism. Micron earnings estimate update
• Neutral Sentiment: Strategic investment: Micron’s planned investment in U.S. critical-mineral processing supports its domestic supply-chain strategy, although the near-term financial impact is unclear. Micron critical-minerals investment
• Negative Sentiment: Technology execution risk: Micron’s next-generation memory architecture could improve data movement for AI processors, but placing more memory closer to computing units creates difficult cooling and heat-management challenges. Micron’s Next AI Memory Breakthrough Has a Cooling Problem
• Negative Sentiment: Insider selling and volatility: Recent filings show extensive insider selling with no reported open-market purchases, while technical commentary warns that the recovery remains fragile amid ongoing concerns about AI spending, interest rates and valuation.

Micron Technology Trading Up 2.5%

Micron Technology stock traded up $21.06 during midday trading on Friday, reaching $877.55. 21,158,147 shares of the stock traded hands, compared to its average volume of 26,886,320. The company has a 50-day simple moving average of $983.61 and a two-hundred day simple moving average of $880.05. Micron Technology, Inc. has a 12-month low of $192.59 and a 12-month high of $1,255.00. The firm has a market cap of $992.88 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.15 and a beta of 2.22. 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 (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $51.33 billion. During the same period in the prior year, the firm earned $3.03 earnings per share. The business’s revenue for the quarter 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. Research analysts expect that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on MU. KeyCorp reissued an “overweight” rating on shares of Micron Technology in a research note on Thursday, October 1st. New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and upped their price target for the company from $470.00 to $1,250.00 in a research note on Friday, August 14th. Itau BBA Securities increased their price target on Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Sanford C. Bernstein restated an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. One investment 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.

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.