Cooper Capital Advisors LLC Makes New Investment in Micron Technology, Inc. $MU

Cooper Capital Advisors LLC acquired a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 9,226 shares of the semiconductor manufacturer’s stock, valued at approximately $9,826,000. Micron Technology comprises 4.0% of Cooper Capital Advisors LLC’s investment portfolio, making the stock its 11th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MU. Andar Capital Management HK Ltd raised 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 valued at $39,571,847,000 after buying an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA acquired a new stake in Micron Technology in the second quarter worth about $22,182,263,000. Bank of America Corp DE grew its stake 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 worth $11,744,621,000 after acquiring an additional 2,136,470 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of Micron Technology during the second quarter worth about $8,402,393,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of 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 valued at $2,352,282,000 after acquiring an additional 86,488 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

MU has been the topic of several recent analyst reports. Itau BBA Securities upped their price objective on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Susquehanna reiterated a “positive” rating on shares of Micron Technology in a research note on Thursday, October 1st. Weiss Ratings downgraded shares of Micron Technology from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, October 27th. The Goldman Sachs Group set a $1,250.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Wells Fargo & Company cut 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 investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Micron Technology presently has an average rating of “Moderate Buy” and an average target price of $1,407.88.

Insider Activity at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the company’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 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 represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Deboer sold 28,545 shares of the stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the completion of the transaction, the insider owned 147,430 shares in the company, valued at approximately $132,687,000. This trade represents a 16.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 83,545 shares of company stock worth $78,460,850 over the last quarter. Insiders own 0.24% of the company’s stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron is reportedly positioned to increase stock repurchases beginning December 9, when restrictions related to the federal CHIPS Act are expected to expire. Buybacks could support earnings per share and signal management confidence in the stock’s valuation. Micron Expected to Launch Massive Stock Buybacks in December
• Positive Sentiment: Long-term demand remains a key bullish argument. SK hynix reported record results and said memory demand could exceed supply through 2030, while Micron has multiyear customer agreements covering more than 35% of projected revenue through that year. Micron has also co-developed memory technology with NVIDIA and secured advance shipments for AI infrastructure. SK hynix Says Memory Demand Beats Supply Through 2030
• Positive Sentiment: Some analysts and commentators still view Micron as inexpensive relative to its growth potential, citing sharply higher AI-driven memory demand, expected fiscal 2027 earnings growth, and a valuation near historic lows for a company with strong recent operating performance. Why Micron Stock Looks Cheap After a Record Year
• Neutral Sentiment: Analysts remain broadly optimistic after Micron’s substantial outperformance over the past year, but the stock’s elevated volatility and large gains have increased sensitivity to any disappointing industry outlook. Are Wall Street Analysts Predicting Micron Technology Stock Will Climb or Sink?
• Negative Sentiment: Kioxia’s cautious forecast triggered weakness across memory stocks, renewing fears that the industry’s shortage and pricing strength may be approaching a peak. Kioxia’s Cautious Outlook Hits Memory Stocks
• Negative Sentiment: Trading volume has fallen, suggesting reduced retail interest, while critics warn that Micron could suffer a steep decline if the memory shortage ends or AI spending moderates. Market commentator Tom Sosnoff also argued that Micron and other major AI-chip stocks have not declined enough to be compelling buys. Micron Technology: Is This a Sign That Its Stock Has Already Peaked?

Micron Technology Stock Performance

Shares of MU opened at $833.59 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The stock has a 50-day moving average of $976.02 and a two-hundred day moving average of $747.00. The stock has a market cap of $943.14 billion, a P/E ratio of 11.23, a P/E/G ratio of 0.17 and a beta of 2.22. Micron Technology, Inc. has a one year low of $192.59 and a one year high of $1,255.00.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. The business had revenue of $54.23 billion for 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%. The company’s revenue was up 379.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, research analysts predict that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s payout ratio is 0.81%.

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.