Micron Technology, Inc. $MU Stock Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC cut its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 9.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,029 shares of the semiconductor manufacturer’s stock after selling 602 shares during the period. Micron Technology accounts for approximately 1.4% of Legacy Wealth Asset Management LLC’s portfolio, making the stock its 11th largest holding. Legacy Wealth Asset Management LLC’s holdings in Micron Technology were worth $6,422,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Andar Capital Management HK Ltd lifted its position in Micron Technology by 856,960.3% in the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after buying an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA purchased a new position in shares of Micron Technology in the 2nd quarter valued at approximately $22,182,263,000. Bank of America Corp DE increased its stake in shares of Micron Technology by 26.6% during the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after purchasing an additional 2,136,470 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Micron Technology by 1.6% during the fourth quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after acquiring an additional 155,073 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Micron Technology in the second quarter worth $8,402,393,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

More Micron Technology News

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.

Insider Buying and Selling at Micron Technology

In other news, CAO Scott Allen sold 879 shares of the firm’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 value of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology 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 approximately $256,276,956.70. This trade represents a 13.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 95,879 shares of company stock valued at $90,939,466 over the last quarter. 0.24% of the stock is currently owned by insiders.

Micron Technology Stock Performance

Shares of MU stock opened at $1,035.84 on Friday. Micron Technology, Inc. has a 12-month low of $179.61 and a 12-month high of $1,255.00. The company has a market cap of $1.17 trillion, a PE ratio of 13.96, a PEG ratio of 0.19 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. The business’s fifty day simple moving average is $975.93 and its 200-day simple moving average is $840.54.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping the consensus estimate of $31.77 by $1.65. The company had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. Micron Technology’s quarterly revenue was up 379.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.03 EPS. 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 fiscal year.

Micron Technology Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on MU. BMO Capital Markets reissued an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Rosenblatt Securities upped their target price on shares of Micron Technology from $1,500.00 to $1,900.00 and gave the company a “buy” rating in a research report on Thursday, October 1st. Argus cut their price objective on shares of Micron Technology from $1,500.00 to $540.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Cantor Fitzgerald reissued an “overweight” rating and set a $2,000.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Micron Technology in a research report on Thursday, October 1st. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,407.88.

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.