Micron Technology, Inc. $MU Stock Purchased by Private Advisory Group LLC

Private Advisory Group LLC increased its stake in Micron Technology, Inc. (NASDAQ:MU) by 47.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 44,359 shares of the semiconductor manufacturer’s stock after buying an additional 14,252 shares during the quarter. Micron Technology makes up 2.5% of Private Advisory Group LLC’s portfolio, making the stock its 7th biggest position. Private Advisory Group LLC’s holdings in Micron Technology were worth $47,248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Andar Capital Management HK Ltd boosted its holdings in Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after acquiring an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA purchased a new stake in shares of Micron Technology in the second quarter worth $22,182,263,000. Bank of America Corp DE grew its stake in shares of Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock worth $11,744,621,000 after acquiring an additional 2,136,470 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Micron Technology during the second quarter valued at $8,402,393,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Micron Technology by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,967,065 shares of the semiconductor manufacturer’s stock valued at $2,352,282,000 after acquiring an additional 86,488 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

More Micron Technology News

Here’s some of the latest news about MU:

• Positive Sentiment: AI demand remains a key tailwind. CoreWeave raised its 2026 revenue outlook and said customer demand for AI computing substantially exceeds its capacity. Micron’s data-center businesses account for a large share of sales, linking the company to continued infrastructure spending. CoreWeave AI demand article
• 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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MU shares. Arete Research lifted their price target on Micron Technology from $852.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $2,000.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. KeyCorp reissued an “overweight” rating on shares of Micron Technology in a research report on Thursday, October 1st. President Capital raised their price objective on shares of Micron Technology to $1,500.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $1,400.00 target price on shares of Micron Technology in a report on Monday, September 28th. 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. Based on data from MarketBeat.com, Micron Technology has an average rating of “Moderate Buy” and an average price target of $1,407.88.

Insider Activity at Micron Technology

In other news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This represents a 7.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 83,545 shares of company stock worth $78,460,850 over the last quarter. Company insiders own 0.24% of the company’s stock.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $798.44 on Friday. Micron Technology, Inc. has a fifty-two week low of $192.59 and a fifty-two week high of $1,255.00. The business has a 50-day simple moving average of $947.33 and a two-hundred day simple moving average of $762.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The firm 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 (NASDAQ:MU) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. 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 business earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, analysts expect that Micron Technology, Inc. will post 174.19 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Micron Technology Company 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.