True Freedom Investing LLC Makes New $1.88 Million Investment in Micron Technology, Inc. $MU

True Freedom Investing LLC acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 1,769 shares of the semiconductor manufacturer’s stock, valued at approximately $1,884,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Gibbs Wealth Management boosted its stake in Micron Technology by 52.7% in the third quarter. Gibbs Wealth Management now owns 6,041 shares of the semiconductor manufacturer’s stock valued at $6,435,000 after acquiring an additional 2,085 shares during the last quarter. Denali Advisors LLC bought a new stake in shares of Micron Technology during the 2nd quarter valued at $7,364,000. Castleark Management LLC acquired a new position in shares of Micron Technology in the 1st quarter valued at $3,709,000. Oppenheimer & Co. Inc. lifted its stake in shares of Micron Technology by 16.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock valued at $56,006,000 after purchasing an additional 6,702 shares during the period. Finally, Legacy Wealth Management LLC MS lifted its stake in shares of Micron Technology by 73.3% in the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after purchasing an additional 1,499 shares during the period. 80.84% of the stock is owned by institutional investors.

Micron Technology Price Performance

Shares of MU stock opened at $884.74 on Monday. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. Micron Technology, Inc. has a 12-month low of $192.59 and a 12-month high of $1,255.00. The firm has a fifty day moving average of $978.68 and a 200-day moving average of $744.52. The firm has a market capitalization of $1.00 trillion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 0.15 and a beta of 2.36.

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 the consensus estimate of $31.77 by $1.65. The business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The firm’s revenue was up 379.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities research analysts forecast that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Wednesday, October 14th. Micron Technology’s dividend payout ratio is 0.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MU shares. Wedbush reaffirmed an “outperform” rating and set a $1,400.00 price objective on shares of Micron Technology in a research note on Monday, September 28th. President Capital increased their target price on Micron Technology to $1,500.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Needham & Company LLC reissued a “buy” rating and issued a $1,650.00 target price on shares of Micron Technology in a research note on Thursday, October 22nd. New Street Research upgraded Micron Technology from a “neutral” rating to a “buy” rating and raised their target price for the stock from $470.00 to $1,250.00 in a report on Friday, August 14th. Finally, William Blair set a $1,300.00 target price on Micron Technology in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Micron Technology presently has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Insider Transactions at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 83,545 shares of company stock valued at $78,460,850 over the last 90 days. 0.24% of the stock is owned by company 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.