Micron Technology, Inc. $MU Stock: UNICOM Systems Inc. Raises Holdings

UNICOM Systems Inc. grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 19.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,800 shares of the semiconductor manufacturer’s stock after acquiring an additional 10,000 shares during the period. Micron Technology accounts for 4.5% of UNICOM Systems Inc.’s holdings, making the stock its 6th largest position. UNICOM Systems Inc.’s holdings in Micron Technology were worth $64,759,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Andar Capital Management HK Ltd increased its stake in shares of Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares during the period. Primecap Management Co. CA bought a new stake in shares of Micron Technology in the second quarter valued at approximately $22,182,263,000. Legal & General Group Plc bought a new stake in shares of Micron Technology in the second quarter valued at approximately $8,402,393,000. Situational Awareness LP grew its position in Micron Technology by 1,149.0% during the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock worth $5,573,819,000 after buying an additional 5,289,124 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Micron Technology during the second quarter worth approximately $3,761,237,000. Institutional investors own 80.84% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: Micron’s board increased its share-repurchase authorization to approximately $35 billion, potentially supporting earnings per share and signaling management’s confidence in long-term cash generation. Why Is Micron Stock Rising Today?
• Positive Sentiment: Investors and commentators highlighted Micron’s multi-year customer agreements, which provide substantial visibility into future demand, while more than 75% of fiscal 2027 output is reportedly committed. AI-related demand and the planned HBM4 ramp could also support pricing and margins. Jim Cramer on Semiconductor Stocks
• Positive Sentiment: Recent results remain exceptionally strong: fiscal fourth-quarter revenue rose roughly 379% year over year to $54.23 billion, while adjusted EPS exceeded expectations. Rosenblatt reaffirmed a Buy rating with a $1,900 target, and other analysts argued that the stock’s low forward valuation may underestimate the durability of the AI memory cycle. Micron Valuation Analysis
• Neutral Sentiment: The central debate is whether Micron’s unusually high current profits represent a sustainable structural shift or a cyclical peak. Low forward earnings multiples look attractive, but they also reflect investor concerns that memory pricing and margins could eventually normalize.
• Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design and plans to target server memory. The development raised fears that additional supply could weaken Micron’s pricing power, particularly in its most profitable products. Micron Stock and China Competition
• Negative Sentiment: Broader semiconductor selling, profit-taking after a major rally, and warnings about China’s manufacturing capabilities added pressure. A potential labor dispute at Micron’s Taiwan operations, a $600 million patent settlement, and recent insider selling contributed to concerns about execution and future cash flow.

Analysts Set New Price Targets

A number of research firms have commented on MU. Daiwa Securities Group raised their price objective on Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Rosenblatt Securities reiterated a “buy” rating and set a $1,900.00 target price on shares of Micron Technology in a research report on Tuesday. Wolfe Research set a $1,500.00 target price on Micron Technology in a report on Thursday, June 25th. Cantor Fitzgerald reissued an “overweight” rating and set a $2,000.00 target price on shares of Micron Technology in a report on Thursday, October 1st. Finally, Wells Fargo & Company decreased their price target on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,407.88.

Micron Technology Price Performance

NASDAQ MU traded down $35.85 on Tuesday, hitting $953.19. 28,988,770 shares of the company’s stock were exchanged, compared to its average volume of 41,277,551. The stock has a 50-day moving average of $984.44 and a 200-day moving average of $853.14. 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, Inc. has a 52 week low of $186.25 and a 52 week high of $1,255.00. The stock has a market cap of $1.08 trillion, a price-to-earnings ratio of 12.84, a P/E/G ratio of 0.18 and a beta of 2.22.

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, beating the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same quarter last year, the company posted $3.03 EPS. The company’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. Analysts expect that Micron Technology, Inc. will post 175.82 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s payout ratio is currently 0.81%.

Insider Buying and Selling at Micron Technology

In other news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the sale, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred on Friday, August 21st. The shares were 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. Insiders have sold a total of 95,879 shares of company stock worth $90,939,466 over the last 90 days. Insiders own 0.24% of the company’s stock.

Micron Technology 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.