Micron Technology, Inc. $MU Holdings Decreased by Axiom Investment Management LLC

Axiom Investment Management LLC decreased its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 29.5% in the 3rd quarter, Holdings Channel reports. The fund owned 3,945 shares of the semiconductor manufacturer’s stock after selling 1,650 shares during the quarter. Micron Technology accounts for approximately 3.4% of Axiom Investment Management LLC’s investment portfolio, making the stock its 5th biggest position. Axiom Investment Management LLC’s holdings in Micron Technology were worth $4,202,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Ethos Capital Management Inc. grew its holdings in shares of Micron Technology by 11.4% during the third quarter. Ethos Capital Management Inc. now owns 6,400 shares of the semiconductor manufacturer’s stock worth $6,817,000 after buying an additional 653 shares in the last quarter. Allen Investment Management LLC raised its position in Micron Technology by 2.9% in the 3rd quarter. Allen Investment Management LLC now owns 48,604 shares of the semiconductor manufacturer’s stock valued at $51,769,000 after buying an additional 1,385 shares during the last quarter. Verus Capital Partners LLC lifted its stake in Micron Technology by 0.5% in the 3rd quarter. Verus Capital Partners LLC now owns 93,618 shares of the semiconductor manufacturer’s stock valued at $99,714,000 after acquiring an additional 463 shares in the last quarter. Pegasus Asset Management Inc. lifted its stake in Micron Technology by 5.2% in the 3rd quarter. Pegasus Asset Management Inc. now owns 642 shares of the semiconductor manufacturer’s stock valued at $684,000 after acquiring an additional 32 shares in the last quarter. Finally, AlphaCentric Advisors LLC lifted its stake in Micron Technology by 7.8% in the 3rd quarter. AlphaCentric Advisors LLC now owns 401 shares of the semiconductor manufacturer’s stock valued at $427,000 after acquiring an additional 29 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MU shares. Zacks Research raised Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Weiss Ratings downgraded shares of Micron Technology from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, October 27th. Arete Research boosted their price objective on shares of Micron Technology from $852.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group set a $1,250.00 target price on shares of Micron Technology in a report on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Micron Technology in a research report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Micron Technology presently has an average rating of “Moderate Buy” and an average target price of $1,407.88.

More Micron Technology News

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

• Positive Sentiment: Micron’s latest quarter showed sharply higher sales, and its next-quarter revenue guidance reportedly exceeded Wall Street expectations. Analysts cited continued memory demand, especially for AI systems, as support for the business outlook. Why Micron Stock Is Up Today
• Positive Sentiment: Some investors and analysts view the recent selloff as excessive, pointing to Micron’s low forward valuation, customer commitments, and potential for buybacks. A separate analysis argues that U.S. DRAM production could be economically viable with government incentives and customer premiums. Micron: The Story Is Far From Being Over (Rating Upgrade)
• Neutral Sentiment: The stock’s sharp swings reflect a split outlook: robust current memory demand and results are being balanced against uncertainty about how durable AI-related spending will be. Micron Stock Rebounds After Selloff as AI Demand Risks Persist
• Negative Sentiment: Investors remain concerned that proposed restrictions on AI data centers—including permitting, power-use, and environmental rules—could delay projects and curb demand for memory chips. These fears helped drive the prior session’s steep decline. Could Micron Face Slower AI Demand From New Data Center Rules?
• Negative Sentiment: A reported pause in construction of Micron’s planned Taiwan facility, following a labor dispute, adds uncertainty around its manufacturing expansion and future capacity. Micron Plunges Amid Chip Selloff and Taiwan Plant Halt

Insider Activity

In related news, insider Scott J. Deboer sold 28,545 shares of the business’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the transaction, the insider directly owned 147,430 shares in the company, valued at approximately $132,687,000. The trade was a 16.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 83,545 shares of company stock valued at $78,460,850. 0.24% of the stock is owned by insiders.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $690.00 on Friday. The stock has a 50 day moving average price of $961.59 and a 200 day moving average price of $754.99. Micron Technology, Inc. has a 52 week low of $192.59 and a 52 week high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The stock has a market capitalization of $780.68 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 0.12 and a beta of 2.36.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results 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 firm had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business’s revenue was up 379.1% compared to the same quarter last year. During the same period last year, the company earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Analysts predict that Micron Technology, Inc. will post 175.19 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Micron Technology Profile

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices.

Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into a global technology company with operations and customers across multiple regions.