Micron Technology, Inc. $MU Stock: Money Concepts Capital Corp Increases Stake

Money Concepts Capital Corp boosted its stake in Micron Technology, Inc. (NASDAQ:MU) by 28.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,188 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,137 shares during the quarter. Money Concepts Capital Corp’s holdings in Micron Technology were worth $5,526,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Citizens & Northern Corp bought a new position in Micron Technology during the third quarter valued at approximately $1,583,000. Allworth Financial LP increased its stake in Micron Technology by 10.7% in the 3rd quarter. Allworth Financial LP now owns 52,674 shares of the semiconductor manufacturer’s stock worth $60,801,000 after acquiring an additional 5,096 shares during the last quarter. GKV Capital Management Co. Inc. increased its stake in Micron Technology by 23.8% in the 3rd quarter. GKV Capital Management Co. Inc. now owns 5,376 shares of the semiconductor manufacturer’s stock worth $5,726,000 after acquiring an additional 1,035 shares during the last quarter. SVB Wealth LLC increased its stake in Micron Technology by 43.9% in the 3rd quarter. SVB Wealth LLC now owns 8,409 shares of the semiconductor manufacturer’s stock worth $8,957,000 after acquiring an additional 2,567 shares during the last quarter. Finally, Private Advisory Group LLC raised its holdings in shares of Micron Technology by 47.3% during the 3rd quarter. Private Advisory Group LLC now owns 44,359 shares of the semiconductor manufacturer’s stock worth $47,248,000 after acquiring an additional 14,252 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Insider Activity

In related news, insider Scott Deboer sold 28,545 shares of the stock in a transaction on Friday, October 16th. The stock was sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the sale, the insider owned 147,430 shares in the company, valued at approximately $132,687,000. This represents a 16.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction 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 sale, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 83,545 shares of company stock valued at $78,460,850. 0.24% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MU shares. Itau BBA Securities increased their target price on Micron Technology from $1,243.78 to $1,697.09 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Zacks Research upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. BMO Capital Markets restated an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $1,200.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Robert W. Baird increased their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Trading Down 1.6%

Shares of NASDAQ MU opened at $798.44 on Friday. Micron Technology, Inc. has a 1-year low of $192.59 and a 1-year high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The business’s 50 day moving average is $947.33 and its two-hundred day moving average is $762.45. The stock has a market capitalization of $903.37 billion, a P/E ratio of 10.76, a PEG ratio of 0.14 and a beta of 2.36.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company’s revenue for the quarter was up 379.1% on a year-over-year basis. During the same period last year, the company earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, research analysts expect that Micron Technology, Inc. will post 174.19 EPS for the current year.

Micron Technology Dividend Announcement

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

Micron Technology News Roundup

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 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.