900 Micron Technology, Inc. $MU Shares Bought by Sanders Morris Harris LLC

Sanders Morris Harris LLC lifted its stake in Micron Technology, Inc. (NASDAQ:MU) by 333.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,170 shares of the semiconductor manufacturer’s stock after acquiring an additional 900 shares during the period. Sanders Morris Harris LLC’s holdings in Micron Technology were worth $1,251,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MU. Fairfield Financial Advisors LTD grew its stake in shares of Micron Technology by 44.3% during the third quarter. Fairfield Financial Advisors LTD now owns 267 shares of the semiconductor manufacturer’s stock valued at $284,000 after purchasing an additional 82 shares during the last quarter. Consilium Wealth Advisory LLC increased its position in shares of Micron Technology by 1.6% in the 3rd quarter. Consilium Wealth Advisory LLC now owns 7,091 shares of the semiconductor manufacturer’s stock valued at $7,553,000 after buying an additional 114 shares in the last quarter. Lodestone Wealth Management LLC increased its stake in Micron Technology by 8.7% during the 3rd quarter. Lodestone Wealth Management LLC now owns 1,815 shares of the semiconductor manufacturer’s stock worth $1,933,000 after purchasing an additional 146 shares in the last quarter. Three Magnolias Financial Advisors LLC raised its holdings in shares of Micron Technology by 5.7% during the third quarter. Three Magnolias Financial Advisors LLC now owns 952 shares of the semiconductor manufacturer’s stock worth $1,014,000 after acquiring an additional 51 shares during the period. Finally, N10 Wealth LLC increased its holdings in Micron Technology by 240.1% during the 3rd quarter. N10 Wealth LLC now owns 8,499 shares of the semiconductor manufacturer’s stock worth $9,052,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Key Headlines Impacting Micron Technology

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

Analyst Ratings Changes

MU has been the subject of several recent research reports. DA Davidson increased their target price on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Micron Technology in a research report on Thursday, October 1st. HSBC raised their price target on shares of Micron Technology from $1,100.00 to $1,700.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. William Blair set a $1,300.00 target price on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Wells Fargo & Company reduced their price target on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Micron Technology has a consensus rating of “Moderate Buy” and a consensus price target of $1,407.88.

Insider Transactions at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the company’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 value of $38,756,000.00. Following the completion of the transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Scott Allen sold 879 shares of the stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,879 shares of company stock worth $90,939,466 in the last 90 days. Insiders own 0.24% of the company’s stock.

Micron Technology Price Performance

Micron Technology stock opened at $914.13 on Thursday. The stock has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 12.75, a PEG ratio of 0.17 and a beta of 2.22. The stock’s 50 day moving average price is $984.86 and its two-hundred day moving average price is $857.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. Micron Technology, Inc. has a 52-week low of $187.42 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU) last announced 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. 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 analyst estimates of $51.33 billion. During the same quarter in the prior year, the company earned $3.03 earnings per share. The company’s quarterly 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, equities analysts predict that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. Micron Technology’s dividend payout ratio is presently 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.