Legacy CG LLC Buys 3,736 Shares of Micron Technology, Inc. $MU

Legacy CG LLC purchased a new stake in Micron Technology, Inc. (NASDAQ:MU) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,736 shares of the semiconductor manufacturer’s stock, valued at approximately $3,979,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MU. Putney Financial Group LLC bought a new position in Micron Technology during the 3rd quarter worth approximately $112,000. Watershed Private Wealth LLC increased its stake in Micron Technology by 5.9% in the third quarter. Watershed Private Wealth LLC now owns 945 shares of the semiconductor manufacturer’s stock valued at $1,007,000 after purchasing an additional 53 shares in the last quarter. Integrity Advisory Solutions LLC raised its holdings in Micron Technology by 13.0% in the third quarter. Integrity Advisory Solutions LLC now owns 3,533 shares of the semiconductor manufacturer’s stock worth $3,764,000 after purchasing an additional 407 shares during the period. First Nebraska Trust Co acquired a new stake in Micron Technology in the third quarter worth $213,000. Finally, Arlington Capital Management INC boosted its position in shares of Micron Technology by 6.3% during the third quarter. Arlington Capital Management INC now owns 254 shares of the semiconductor manufacturer’s stock worth $271,000 after purchasing an additional 15 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Stock Performance

Shares of MU opened at $855.10 on Wednesday. The firm has a market cap of $967.48 billion, a P/E ratio of 11.52, a PEG ratio of 0.14 and a beta of 2.36. Micron Technology, Inc. has a twelve month low of $192.59 and a twelve month 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 firm’s 50 day moving average price is $974.91 and its two-hundred day moving average price is $749.61.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the prior year, the firm earned $3.03 earnings per share. The firm’s revenue 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. On average, analysts forecast that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on MU. Mizuho boosted their price target 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. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2,000.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Robert W. Baird lifted their target price on Micron Technology from $1,280.00 to $1,520.00 and gave the stock an “outperform” rating in a report on Monday, September 28th. William Blair set a $1,300.00 target price on Micron Technology in a report on Thursday, October 1st. Finally, DA Davidson boosted their target price on Micron Technology from $2,100.00 to $3,000.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology 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 of the company’s stock, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Scott J. Deboer sold 28,545 shares of Micron Technology stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the completion of the sale, the insider directly owned 147,430 shares in the company, valued at $132,687,000. This represents a 16.22% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 83,545 shares of company stock valued at $78,460,850. Company insiders own 0.24% of the company’s stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Memory stocks recovered as investors rotated back into semiconductor shares, with easing oil prices also helping risk appetite. Why are Micron, SK Hynix, and SanDisk stocks rising on Tuesday?
• Positive Sentiment: AI’s growing need for memory could support Micron’s opportunity: the article highlights memory’s importance to AI performance and the company’s potential to compete on value. Micron Said “Super Intelligence” Creates the Most Compelling Opportunity in Its History
• Positive Sentiment: Micron could step up share repurchases starting in December after Chips Act restrictions expire, potentially adding support for shareholder returns and demand for the stock. Micron Expected to Launch Massive Stock Buybacks in December
• Neutral Sentiment: Some analysts see substantial upside after the pullback, though the coverage cautions that memory-stock rallies have been difficult to sustain. Micron Stock Is in a Slump but Analysts Say It Can Soar 100%
• Negative Sentiment: Investor Dan Niles warned that Chinese memory maker CXMT is targeting a 20% share by 2028, raising the prospect of increased competition for Micron. Micron’s Real Risk: China’s CXMT Targets “20% by 2028,” Warns Dan Niles
• Negative Sentiment: Recent concerns about the memory cycle remain: a cautious outlook from Kioxia weighed on Micron and other memory shares in the prior session, while one commentator argued AI-chip stocks may not have fallen enough. Micron Falls as Kioxia’s Cautious Outlook Hits Memory Stocks

Micron Technology 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.