Sumitomo Mitsui DS Asset Management Company Ltd Acquires 16,103 Shares of Micron Technology, Inc. $MU

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Micron Technology, Inc. (NASDAQ:MU) by 9.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,522 shares of the semiconductor manufacturer’s stock after buying an additional 16,103 shares during the period. Micron Technology makes up 1.4% of Sumitomo Mitsui DS Asset Management Company Ltd’s investment portfolio, making the stock its 13th biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Micron Technology were worth $207,187,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MU. Andar Capital Management HK Ltd grew its holdings in Micron Technology by 856,960.3% during 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 buying an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA bought a new stake in shares of Micron Technology during the second quarter valued at about $22,182,263,000. Bank of America Corp DE increased its position in shares of 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 valued at $11,744,621,000 after buying an additional 2,136,470 shares during the period. Legal & General Group Plc purchased a new stake in shares of Micron Technology in the second quarter worth about $8,402,393,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Micron Technology by 1.3% in 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 in the last quarter. Institutional investors own 80.84% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron’s latest results significantly exceeded expectations, with revenue rising sharply year over year and management forecasting further EPS growth for fiscal 2027. Tight memory supply, elevated pricing and strong AI-data-center demand remain key earnings catalysts. Micron: Significant Upside Potential, But Not Without Risks
• Positive Sentiment: Several analysts see substantial upside in Micron, citing its low forward valuation relative to the broader technology sector and expectations that memory supply-demand conditions could remain tight through 2028. Long-term customer agreements reportedly cover more than one-third of projected sales through 2030, improving revenue visibility. The Best Trillion-Dollar Stock to Buy Right Now, According to Wall Street
• Positive Sentiment: Memory stocks are recovering as fears of an abrupt slowdown in AI infrastructure spending ease. Micron also benefited from expectations that memory prices will continue rising through at least 2027. Why Micron Stock Bounced on Monday
• Neutral Sentiment: Micron will host a technology webinar on October 21, which could provide updates on AI memory products, manufacturing technology and future demand. Micron to Host Technology Webinar on Oct. 21
• Negative Sentiment: Workers at Micron’s Taoyuan facility in Taiwan plan to strike on October 22 after a dispute over profit-sharing. Because Taiwan is important to Micron’s DRAM production, a prolonged walkout could disrupt output, raise costs or add uncertainty to near-term results. Micron Union in Taiwan to Launch Strike
• Negative Sentiment: Investors remain concerned that AI-related semiconductor valuations are stretched and that future memory supply from new factories and competitors could eventually weaken pricing. SK Hynix and Sandisk are also being promoted as faster-growing or lower-valued alternatives to Micron. Micron Stock Falls Amid Three Warning Signals

Micron Technology Price Performance

Shares of NASDAQ MU opened at $904.90 on Tuesday. The firm has a market capitalization of $1.02 trillion, a P/E ratio of 12.19, a P/E/G ratio of 0.15 and a beta of 2.22. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The stock’s 50-day simple moving average is $986.76 and its two-hundred day simple moving average is $869.04. Micron Technology, Inc. has a twelve month low of $192.40 and a twelve month high of $1,255.00.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating the consensus estimate of $31.77 by $1.65. The firm had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company’s revenue was up 379.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities analysts anticipate that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their price objective on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating for the company in a research report on Wednesday, September 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $1,200.00 target price on shares of Micron Technology in a report on Thursday, October 1st. BNP Paribas Exane upped their target price on shares of Micron Technology from $615.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Argus lowered their target price on shares of Micron Technology from $1,500.00 to $540.00 and set a “buy” rating on the stock in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of Micron Technology from $550.00 to $1,540.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

Insider Buying and Selling

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction that occurred on Thursday, July 23rd. The shares were 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. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 95,879 shares of company stock worth $90,939,466. Insiders own 0.24% of the company’s stock.

Micron Technology Company Profile

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.