Micron Technology, Inc. $MU Stock: Everest Financial Group LLC Grows Holdings

Everest Financial Group LLC lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 13.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,031 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,898 shares during the quarter. Micron Technology accounts for 3.1% of Everest Financial Group LLC’s holdings, making the stock its 9th largest position. Everest Financial Group LLC’s holdings in Micron Technology were worth $26,661,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Andar Capital Management HK Ltd increased its holdings 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 valued at $39,571,847,000 after buying an additional 34,278,413 shares during the period. Primecap Management Co. CA bought a new position in Micron Technology in the second quarter valued at approximately $22,182,263,000. Legal & General Group Plc bought a new position in Micron Technology in the second quarter valued at approximately $8,402,393,000. Situational Awareness LP lifted its stake in Micron Technology by 1,149.0% during the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock worth $5,573,819,000 after purchasing an additional 5,289,124 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in Micron Technology during the second quarter worth $3,761,237,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

More Micron Technology News

Investors following MU have been watching these news items:

• Neutral Sentiment: Micron plans a $1 billion investment in Anthropic’s private placement. The move ties Micron more closely to the AI ecosystem, but the investment’s eventual returns and strategic benefits are uncertain. Micron Anthropic investment article
• Neutral Sentiment: Micron announced participation in upcoming investor events, with no major new financial outlook disclosed in the report. Micron investor events announcement
• Negative Sentiment: Nvidia-related uncertainty is pressuring semiconductor shares. Reports of a leadership shakeup involving CEO Jensen Huang unsettled investors because Micron’s memory-chip demand is tied partly to AI-chip and data-center growth. The concern contributed to a retreat after Wednesday’s rally. Why Micron stock pulled back

Micron Technology Trading Down 1.6%

NASDAQ MU opened at $798.44 on Friday. The company has a market cap of $903.37 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth 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 quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average is $947.33 and its 200 day moving average is $762.45.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. The business had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business’s revenue for the quarter was up 379.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, sell-side analysts expect that Micron Technology, Inc. will post 174.19 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MU. 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 report on Wednesday, October 7th. Robert W. Baird lifted their target price on Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a research report on Monday, September 28th. Arete Research boosted their target price on Micron Technology from $852.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Daiwa Securities Group increased their target price on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, Susquehanna restated a “positive” rating on shares of Micron Technology in a research note on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology currently has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Insider Activity at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred on 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 sale, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 83,545 shares of company stock worth $78,460,850 in the last quarter. 0.24% of the stock is owned by insiders.

Micron Technology Profile

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices. Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.