1,018 Shares in Micron Technology, Inc. $MU Bought by Fortune 45 LLC

Fortune 45 LLC bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,018 shares of the semiconductor manufacturer’s stock, valued at approximately $1,085,000. Micron Technology accounts for 0.4% of Fortune 45 LLC’s portfolio, making the stock its 19th largest position.

Several other institutional investors have also recently made changes to their positions in MU. Andar Capital Management HK Ltd grew its stake 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 purchasing an additional 34,278,413 shares during the period. Primecap Management Co. CA bought a new position in Micron Technology in the second quarter worth $22,182,263,000. Bank of America Corp DE raised its holdings in 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 purchasing an additional 2,136,470 shares in the last quarter. Invesco Ltd. lifted its position in Micron Technology by 1.6% during the fourth quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after buying an additional 155,073 shares during the period. Finally, Legal & General Group Plc purchased a new position in Micron Technology during the second quarter valued at $8,402,393,000. Institutional investors own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

MU has been the topic of a number of research reports. Rosenblatt Securities restated a “buy” rating and set a $1,900.00 target price on shares of Micron Technology in a report on Tuesday. Stifel Nicolaus increased their price target on shares of Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. ThinkEquity reissued a “buy” rating on shares of Micron Technology in a research report on Monday, August 3rd. The Goldman Sachs Group set a $1,250.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Finally, DA Davidson boosted their price objective on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,407.88.

Micron Technology News Roundup

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

• Positive Sentiment: Elon Musk praised Micron’s approach to future memory pricing, calling it “reasonable” and contrasting it with unnamed competitors he described as “extortionate.” The comments support Micron’s customer-focused strategy and could strengthen long-term relationships. Elon Musk Says Micron Has Been Reasonable on Future Pricing
• Positive Sentiment: Investors continue to point to Micron’s strong operating performance: fiscal fourth-quarter revenue increased 379% year over year to $54.23 billion, while earnings exceeded consensus estimates. AI demand, tight DRAM supply and expected HBM4 growth remain important upside drivers. Micron’s HBM4 Ramp-Up
• Positive Sentiment: Micron has signed 26 strategic customer agreements and secured commitments covering much of its fiscal 2027 output, improving demand visibility and reducing exposure to the traditional memory cycle. Its board also authorized roughly $35 billion in additional buybacks, while analysts at Erste Group raised their FY2027 earnings forecast. Micron’s Customer Contracts
• Neutral Sentiment: Several analysts and commentators called the selloff excessive, citing Micron’s low forward valuation, strong balance sheet, shareholder returns and long-term AI demand. However, the market remains skeptical that elevated profits can persist indefinitely.
• Negative Sentiment: The main catalyst was news that China’s ChangXin Memory Technologies (CXMT) is progressing toward a denser DRAM design aimed at server memory. Although commercial-scale production and yields remain unproven, investors fear future competition could weaken Micron’s pricing power and margins. CXMT Targets Server Memory
• Negative Sentiment: Hotter-than-expected U.S. inflation increased pressure on technology shares and contributed to a broader semiconductor selloff. Investors are also monitoring a potential labor dispute at Micron’s Taiwan operations, which could create production and delivery risks if a strike occurs. Why Memory Stocks Are Falling

Insiders Place Their Bets

In other news, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 95,879 shares of company stock valued at $90,939,466. Insiders own 0.24% of the company’s stock.

Micron Technology Trading Down 4.1%

NASDAQ MU opened at $914.13 on Thursday. Micron Technology, Inc. has a 12 month low of $187.42 and a 12 month high of $1,255.00. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average price is $984.86 and its 200-day moving average price is $857.08. The stock has a market cap of $1.03 trillion, a P/E ratio of 12.32, a P/E/G ratio of 0.17 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results 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. The firm 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%. Micron Technology’s quarterly revenue was up 379.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities analysts forecast that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced 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 of this dividend 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%.

Micron Technology Profile

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.