Micron Technology, Inc. $MU Stock Sold by WESPAC Advisors LLC

WESPAC Advisors LLC cut its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 82.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 583 shares of the semiconductor manufacturer’s stock after selling 2,721 shares during the quarter. WESPAC Advisors LLC’s holdings in Micron Technology were worth $621,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in Micron Technology during the first quarter worth about $27,000. Bullseye Investment Management LLC acquired a new position in Micron Technology during the second quarter worth about $27,000. Aventus Investment Advisors Inc. acquired a new position in Micron Technology during the third quarter worth about $30,000. Steph & Co. purchased a new position in Micron Technology in the third quarter valued at about $31,000. Finally, Financial Life Planners purchased a new position in Micron Technology in the first quarter valued at about $36,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Up 2.8%

Micron Technology stock opened at $928.76 on Wednesday. Micron Technology, Inc. has a 52 week low of $192.59 and a 52 week high of $1,255.00. The firm’s 50-day simple moving average is $979.69 and its 200 day simple moving average is $735.60. The firm has a market capitalization of $1.05 trillion, a PE ratio of 12.52 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. The business 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 earnings per share. Micron Technology’s revenue 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 expect that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be 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 is Wednesday, October 14th. Micron Technology’s dividend payout ratio is 0.81%.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Elon Musk predicted that humanoid robots could require enormous amounts of memory, prompting analysts to frame robotics as a potentially significant long-term volume opportunity for Micron and SK hynix. Separate forecasts suggest humanoid robots could use substantially more memory by 2030. Elon Musk Says Robots Will Need More Memory
• Positive Sentiment: Bank of America reiterated its buy rating and became more constructive on memory following meetings with industry executives. The firm believes customers are increasingly securing supply through long-term agreements, supporting pricing and visibility for Micron. Bank of America Reiterates Buy on Micron
• Positive Sentiment: Micron’s recent earnings beat and record results continue to support the bullish case. Strong AI-related high-bandwidth-memory demand, tight supply, and favorable earnings expectations have led some analysts to argue that the stock remains inexpensive relative to its growth potential. Can Micron Survive a 40% Drop in Memory Prices?
• Positive Sentiment: Micron’s new employee bonus plan may help align compensation with company performance and support retention as the business expands its AI-memory capacity. Micron Unveils a New Bonus Plan

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MU shares. Citigroup lifted their price target on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. DA Davidson boosted their price target on Micron Technology from $2,100.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Daiwa Securities Group upped their price target on Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Rosenblatt Securities restated a “buy” rating and issued a $1,900.00 price target on shares of Micron Technology in a report on Thursday, October 22nd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2,000.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,407.88.

Insider Activity

In related news, insider Scott J. Deboer sold 28,545 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 147,430 shares of the company’s stock, valued at approximately $132,687,000. This represents a 16.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the company’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 completion of the sale, the executive vice president directly owned 191,021 shares in the company, 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 have sold 83,545 shares of company stock worth $78,460,850 over the last ninety days. 0.24% of the stock is currently owned by insiders.

About Micron Technology

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.