Micron Technology, Inc. $MU Shares Bought by Royal Fund Management LLC

Royal Fund Management LLC lifted its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 108.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,756 shares of the semiconductor manufacturer’s stock after buying an additional 913 shares during the quarter. Royal Fund Management LLC’s holdings in Micron Technology were worth $1,871,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MU. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Micron Technology in the first quarter valued at approximately $27,000. Bullseye Investment Management LLC acquired a new stake in shares of Micron Technology during the 2nd quarter worth $27,000. Aventus Investment Advisors Inc. bought a new position in shares of Micron Technology in the third quarter worth $30,000. Steph & Co. bought a new stake in Micron Technology during the third quarter worth about $31,000. Finally, Financial Life Planners acquired a new stake in Micron Technology during the first quarter worth about $36,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Improved industry sentiment: A broad rebound in semiconductor stocks lifted Micron, SK Hynix and SanDisk as investors returned to AI and memory names following a sharp pullback. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Favorable supply dynamics: SK Hynix’s decision to abandon a planned U.S. IPO for its Solidigm flash-memory unit could reduce concerns about additional NAND supply entering the market, potentially benefiting Micron and SanDisk. Micron, Sandisk gain as SK Hynix scraps Solidigm IPO
• Positive Sentiment: Analyst and growth support: Erste Group raised its FY2028 EPS forecast to $201.26 from $199.05 and maintained a Buy rating. Analysts continue to point to Micron’s AI-driven HBM demand, improving margins and relatively low valuation as reasons for optimism. Micron earnings estimate update
• Neutral Sentiment: Strategic investment: Micron’s planned investment in U.S. critical-mineral processing supports its domestic supply-chain strategy, although the near-term financial impact is unclear. Micron critical-minerals investment
• Negative Sentiment: Technology execution risk: Micron’s next-generation memory architecture could improve data movement for AI processors, but placing more memory closer to computing units creates difficult cooling and heat-management challenges. Micron’s Next AI Memory Breakthrough Has a Cooling Problem
• Negative Sentiment: Insider selling and volatility: Recent filings show extensive insider selling with no reported open-market purchases, while technical commentary warns that the recovery remains fragile amid ongoing concerns about AI spending, interest rates and valuation.

Micron Technology Stock Up 2.5%

Shares of Micron Technology stock traded up $21.06 during trading hours on Friday, reaching $877.55. The company’s stock had a trading volume of 21,158,147 shares, compared to its average volume of 26,886,320. 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, Inc. has a one year low of $192.59 and a one year high of $1,255.00. The company has a market capitalization of $992.88 billion, a P/E ratio of 11.83, a P/E/G ratio of 0.15 and a beta of 2.22. The stock’s fifty day simple moving average is $983.61 and its two-hundred day simple moving average is $880.05.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The firm had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same period in the previous year, the company posted $3.03 EPS. The company’s revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, research analysts forecast that Micron Technology, Inc. will post 177.03 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. Stockholders of record on Wednesday, October 14th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s payout ratio is presently 0.81%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2,000.00 target price on shares of Micron Technology in a report on Thursday, October 1st. New Street Research upgraded shares of Micron Technology from a “neutral” rating to a “buy” rating and raised their price target for the company from $470.00 to $1,250.00 in a research note on Friday, August 14th. Weiss Ratings upgraded shares of Micron Technology from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, October 12th. Citigroup boosted their target price on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. Finally, Phillip Securities increased their price target on Micron Technology from $530.00 to $1,870.00 and gave the company a “buy” rating in a research note on Monday, June 29th. One equities research 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Insider Activity

In other Micron Technology news, insider Scott Deboer sold 28,545 shares of the company’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $900.00, for a total value of $25,690,500.00. Following the completion of the transaction, the insider owned 147,430 shares in the company, valued at $132,687,000. This represents a 16.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 83,545 shares of company stock valued at $78,460,850 over the last three months. Corporate 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 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.