Micron Technology, Inc. $MU Stock: R Squared Ltd Increases Holdings

R Squared Ltd increased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 401.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,905 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,326 shares during the quarter. Micron Technology comprises approximately 1.6% of R Squared Ltd’s investment portfolio, making the stock its 3rd biggest holding. R Squared Ltd’s holdings in Micron Technology were worth $3,094,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MU. Andar Capital Management HK Ltd raised its holdings 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 shares of Micron Technology during the second quarter worth $22,182,263,000. Bank of America Corp DE boosted 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 worth $11,744,621,000 after purchasing an additional 2,136,470 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Micron Technology in the 2nd quarter valued at $8,402,393,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Micron Technology by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,967,065 shares of the semiconductor manufacturer’s stock valued at $2,352,282,000 after buying an additional 86,488 shares during the period. Institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets

In other Micron Technology 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Scott Deboer sold 28,545 shares of the firm’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the completion of the sale, the insider directly owned 147,430 shares of the company’s stock, valued at approximately $132,687,000. The trade was a 16.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 83,545 shares of company stock valued at $78,460,850 over the last 90 days. 0.24% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Raymond James Financial restated an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2,000.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Wedbush restated an “outperform” rating and issued a $1,400.00 price objective on shares of Micron Technology in a report on Monday, September 28th. Finally, Arete Research boosted their price target on Micron Technology from $852.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. 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 stock. Based on data from MarketBeat, Micron Technology currently has an average rating of “Moderate Buy” and an average target price of $1,407.88.

Key Stories Impacting Micron Technology

Investors following MU have been watching these stories:

• Positive Sentiment: Tight supply supports memory pricing. Reports say Micron has largely sold its high-bandwidth memory production for next year, reinforcing expectations that AI-driven demand and limited supply can sustain its business. Micron high-bandwidth memory article
• Neutral Sentiment: Micron plans a $1 billion investment in Anthropic’s private placement. The move ties Micron more closely to the AI ecosystem, but the investment’s eventual returns and strategic benefits are uncertain. Micron Anthropic investment article
• Neutral Sentiment: Micron announced participation in upcoming investor events, with no major new financial outlook disclosed in the report. Micron investor events announcement

Micron Technology Stock Down 1.6%

Micron Technology stock opened at $798.44 on Friday. The firm has a market capitalization of $903.37 billion, a PE ratio of 10.76, a P/E/G ratio of 0.14 and a beta of 2.36. The company’s 50-day moving average is $947.33 and its 200-day moving average is $762.45. Micron Technology, Inc. has a fifty-two week low of $192.59 and a fifty-two week high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. During the same period in the prior year, the firm earned $3.03 EPS. Micron Technology’s quarterly revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts anticipate that Micron Technology, Inc. will post 174.19 earnings per share for the current year.

Micron Technology Announces Dividend

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

About Micron Technology

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices. Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.