Micron Technology, Inc. $MU Shares Sold by Mill Capital Management LLC

Mill Capital Management LLC cut its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 4.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 96,957 shares of the semiconductor manufacturer’s stock after selling 4,910 shares during the period. Micron Technology comprises about 6.8% of Mill Capital Management LLC’s holdings, making the stock its 5th biggest holding. Mill Capital Management LLC’s holdings in Micron Technology were worth $103,270,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of MU. Kohmann Bosshard Financial Services LLC purchased a new stake in Micron Technology during the 1st quarter worth approximately $27,000. Bullseye Investment Management LLC acquired a new position in shares of Micron Technology during the second quarter valued at approximately $27,000. Aventus Investment Advisors Inc. acquired a new position in shares of Micron Technology during the third quarter valued at approximately $30,000. Steph & Co. purchased a new stake in shares of Micron Technology during the third quarter worth approximately $31,000. Finally, Financial Life Planners purchased a new position in Micron Technology in the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology News Roundup

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

• Positive Sentiment: Bank of America became “incrementally more positive” on the memory industry after meetings with executives. The firm said customers are increasingly locking in memory supply through multiyear agreements, improving Micron’s revenue visibility and potentially reducing cyclical volatility. Micron Rises as Bank of America Gets Incrementally More Positive on Memory
• Positive Sentiment: Investors responded favorably to Micron’s defense against concerns over Chinese rival ChangXin Memory Technologies. Micron indicated that CXMT’s 4F square memory design does not currently undermine its competitive position. Micron Stock Finds Its Footing as It Pushes Back on Chinese Memory Threat
• Positive Sentiment: Recent record revenue, profit and gross margin, along with strong forward guidance, have made Micron appear inexpensive relative to its expected earnings growth. High-bandwidth memory demand from artificial-intelligence systems and persistent chip shortages are viewed as potential long-term growth drivers. Micron Just Delivered a Monster Quarter, but the Stock Is Plummeting
• Positive Sentiment: Analyst screens and investor commentary continued to highlight MU’s high profit margins, expected earnings growth and potential to become less dependent on memory-market cycles as customer contracts and AI applications expand. NVIDIA and 2 Profitable Stocks to Buy Now for Explosive Upside
• Neutral Sentiment: Reports noted that Micron’s sharp yearlong rally has been followed by significant corrections across AI-related memory and storage stocks. A potential stock split was discussed, but it would not change the company’s underlying value or fundamentals. Stock-Split Watch: Is Micron Next?
• Negative Sentiment: Bearish commentary warned that a possible 40% decline in memory prices, a peak in the current cycle and weaker hyperscaler capital spending could pressure Micron’s unusually strong earnings. Some analysts also questioned whether new supply contracts provide as much protection as expected. Micron: The New SCA Contracts Are Not As Great As You Think

Micron Technology Trading Up 3.0%

Shares of Micron Technology stock opened at $903.70 on Tuesday. Micron Technology, Inc. has a fifty-two week low of $192.59 and a fifty-two week high of $1,255.00. The stock has a 50 day moving average of $982.71 and a 200 day moving average of $729.85. The firm has a market capitalization of $1.02 trillion, a price-to-earnings ratio of 12.18, a PEG ratio of 0.15 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 (NASDAQ:MU) last released its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping 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 return on equity of 92.62% and a net margin of 63.80%. The company’s 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, research 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 declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.15 per share. 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 currently 0.81%.

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $178,469,010.09. This trade represents a 7.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 83,545 shares of company stock valued at $78,460,850. Corporate insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MU. BMO Capital Markets reissued an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. William Blair set a $1,300.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Mizuho increased 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 report on Thursday, October 1st. President Capital raised their target price on shares of Micron Technology to $1,500.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Micron Technology in a report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.