Micron Technology, Inc. $MU Stock Sold by ABLE Financial Group LLC

ABLE Financial Group LLC reduced its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 46.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,213 shares of the semiconductor manufacturer’s stock after selling 1,059 shares during the quarter. ABLE Financial Group LLC’s holdings in Micron Technology were worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Aspen Wealth Management LLC purchased a new position in shares of Micron Technology during the 3rd quarter worth approximately $225,000. Generate Investment Management Ltd lifted its stake in Micron Technology by 55.9% in the 3rd quarter. Generate Investment Management Ltd now owns 100,708 shares of the semiconductor manufacturer’s stock valued at $107,265,000 after buying an additional 36,092 shares in the last quarter. First Citizens Bank & Trust Co. lifted its stake in Micron Technology by 30.0% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 42,923 shares of the semiconductor manufacturer’s stock valued at $45,718,000 after buying an additional 9,894 shares in the last quarter. Fearless Solutions LLC dba Best Invest grew its holdings in Micron Technology by 7.8% during the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 360 shares of the semiconductor manufacturer’s stock valued at $383,000 after buying an additional 26 shares during the last quarter. Finally, Focus Financial Network Inc. grew its holdings in Micron Technology by 27.4% during the 3rd quarter. Focus Financial Network Inc. now owns 5,352 shares of the semiconductor manufacturer’s stock valued at $5,700,000 after buying an additional 1,150 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MU shares. Wolfe Research set a $1,500.00 price target on Micron Technology in a research report on Thursday, June 25th. Bank of America upped their price objective on Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. 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. Morgan Stanley reaffirmed an “overweight” rating and set a $1,200.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Daiwa Securities Group lifted their price objective on Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,407.88.

Micron Technology Trading Down 2.7%

MU traded down $25.39 during trading on Wednesday, hitting $927.80. The company’s stock had a trading volume of 14,310,485 shares, compared to its average volume of 41,134,316. The firm’s 50 day moving average price is $984.44 and its 200-day moving average price is $853.14. 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 stock has a market cap of $1.05 trillion, a PE ratio of 12.48, a PEG ratio of 0.17 and a beta of 2.22. Micron Technology, Inc. has a twelve month low of $187.42 and a twelve month high of $1,255.00.

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, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. During the same quarter last year, the firm earned $3.03 earnings per share. The business’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, analysts expect that Micron Technology, Inc. will post 175.82 earnings per share for the current 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. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s payout ratio is 0.81%.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Strong AI-driven demand and customer commitments support the outlook. Micron has secured long-term agreements with major customers, including 26 strategic contracts and commitments covering a substantial portion of fiscal 2027 output. Analysts argue these arrangements could reduce the company’s exposure to the traditional memory cycle. Micron’s Customer Contracts Just Took the Memory Cycle Off the Table
• Positive Sentiment: Buybacks and bullish analyst views provide potential support. Micron’s board authorized roughly $35 billion in share repurchases, while Rosenblatt maintained a Buy rating with a $1,900 price target. Erste Group also raised its fiscal 2027 earnings estimate to $173.31 per share. These actions suggest confidence in future cash generation, although the buyback’s impact depends on the company’s December update. Micron’s Buybacks Should Be Opening Your Eyes Right Now
• Positive Sentiment: Elon Musk praised Micron’s pricing strategy. Musk said Micron has been reasonable on future memory prices, contrasting it with unnamed competitors he called “extortionate.” The comments may reinforce the view that Micron is prioritizing long-term customer relationships and could offer modest sentiment support. Elon Musk Says Micron Has Been Reasonable on Future Pricing
• Neutral Sentiment: Recent results remain very strong, but investors question their durability. Fiscal fourth-quarter revenue rose 379% year over year to $54.23 billion, and adjusted EPS exceeded expectations. However, Micron’s low forward valuation indicates that investors expect current earnings and margins to be near cyclical highs.
• Negative Sentiment: China’s CXMT is the primary source of selling pressure. Investors are concerned that ChangXin Memory Technologies’ progress on denser 4F-square DRAM could eventually challenge Micron in high-end server memory and weaken pricing power. The technology is not yet proven at commercial scale, but the possibility of future oversupply has triggered broad selling across memory stocks. Memory Stocks Extend Slide Following News of a Design Breakthrough in China
• Negative Sentiment: Additional risks include a potential Taiwan labor disruption and a $600 million Netlist settlement. A strike authorization at Micron’s Taoyuan facility could affect production if negotiations fail, while quarterly settlement payments will weigh on future cash flow. These concerns are amplifying profit-taking after MU’s substantial run-up.

Insider Buying and Selling at Micron Technology

In other news, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the sale, the chief accounting officer directly owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 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 $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 95,879 shares of company stock worth $90,939,466 in 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 solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.