Micron Technology, Inc. $MU Stake Increased by LexAurum Advisors LLC

LexAurum Advisors LLC raised its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 120.7% in the third quarter, HoldingsChannel.com reports. The firm owned 2,136 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,168 shares during the quarter. LexAurum Advisors LLC’s holdings in Micron Technology were worth $2,275,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Andar Capital Management HK Ltd boosted its stake in shares of Micron Technology by 856,960.3% in the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock valued at $39,571,847,000 after purchasing an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA acquired a new stake in shares of Micron Technology during the second quarter worth $22,182,263,000. Bank of America Corp DE raised its stake in Micron Technology by 26.6% during 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 buying an additional 2,136,470 shares during the last quarter. Legal & General Group Plc bought a new position in Micron Technology during the second quarter worth $8,402,393,000. Finally, Dimensional Fund Advisors LP raised its stake in 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 worth $2,352,282,000 after buying an additional 86,488 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Stock Up 2.9%

Micron Technology stock traded up $25.54 during midday trading on Monday, hitting $904.38. 16,593,160 shares of the stock were exchanged, compared to its average volume of 41,020,402. Micron Technology, Inc. has a 52-week low of $192.40 and a 52-week high of $1,255.00. The stock has a market capitalization of $1.02 trillion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 0.15 and a beta of 2.22. The business’s 50-day moving average price is $985.88 and its 200-day moving average price is $865.04. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. The business had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm’s quarterly revenue was up 379.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, research analysts expect that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s payout ratio is presently 0.81%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Mizuho upped their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, October 1st. ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. Itau BBA Securities lifted their target price on Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Wells Fargo & Company dropped their price target on 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. Finally, Rosenblatt Securities restated a “buy” rating and set a $1,900.00 price target on shares of Micron Technology in a report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Micron Technology presently has a consensus rating of “Moderate Buy” and an average target price of $1,407.88.

Insider Activity

In related news, CAO Scott R. Allen sold 879 shares of Micron Technology 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 sale, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology 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 sale, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 95,879 shares of company stock valued at $90,939,466 over the last three months. Corporate insiders own 0.24% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: Investor sentiment improved across memory-chip stocks as fears of excessive AI infrastructure spending eased. Analysts continue to expect robust demand for DRAM and NAND products, with memory pricing potentially remaining strong through at least 2027. Why Micron Stock Bounced on Monday
• Positive Sentiment: Micron’s recent results showed exceptional momentum, including revenue growth of 379% year over year, strong margins and earnings above consensus. Long-term customer agreements and contracts covering a substantial portion of future shipments provide better revenue visibility than in prior memory cycles. Micron: The Undisputed King of Memory Chips
• Positive Sentiment: Several analysts view the pullback as an opportunity because Micron trades at a low multiple of forward earnings relative to its expected growth. Bullish cases cite AI data-center demand, advanced DRAM and NAND products, and the company’s strong balance sheet. Micron Looks Cheap at 5 Times Forward Earnings

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.