Micron Technology, Inc. $MU Shares Newly Purchased by RD Finance Ltd

RD Finance Ltd acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,900 shares of the semiconductor manufacturer’s stock, valued at approximately $5,219,000. Micron Technology makes up about 4.8% of RD Finance Ltd’s portfolio, making the stock its 9th biggest holding.

Other hedge funds have also made changes to their positions in the company. Bullseye Investment Management LLC acquired a new position in Micron Technology in the second quarter valued at approximately $27,000. Aventus Investment Advisors Inc. acquired a new stake in Micron Technology during the 3rd quarter worth $30,000. Steph & Co. acquired a new stake in Micron Technology during the 3rd quarter worth $31,000. Montgomery Financial Services LLC purchased a new stake in Micron Technology in the second quarter valued at $38,000. Finally, JNBA Financial Advisors lifted its position in Micron Technology by 77.3% in the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock valued at $45,000 after acquiring an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling at Micron Technology

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 transaction of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This represents a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the 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 sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 83,545 shares of company stock valued at $78,460,850 in the last ninety days. Insiders own 0.24% of the company’s stock.

Micron Technology Trading Up 3.0%

NASDAQ MU opened at $903.70 on Tuesday. The firm’s fifty day moving average is $982.71 and its two-hundred day moving average is $729.85. Micron Technology, Inc. has a one year low of $192.59 and a one year high of $1,255.00. 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 firm has a market cap of $1.02 trillion, a PE ratio of 12.18, a P/E/G ratio of 0.15 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the prior year, the firm earned $3.03 earnings per share. The business’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. Analysts expect that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently declared 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 yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s payout ratio is 0.81%.

Micron Technology News Roundup

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

• Positive Sentiment: Bank of America became “incrementally more positive” on the memory industry after meetings with executives. The firm said customers are increasingly locking in memory supply through multiyear agreements, improving Micron’s revenue visibility and potentially reducing cyclical volatility. Micron Rises as Bank of America Gets Incrementally More Positive on Memory
• Positive Sentiment: Investors responded favorably to Micron’s defense against concerns over Chinese rival ChangXin Memory Technologies. Micron indicated that CXMT’s 4F square memory design does not currently undermine its competitive position. Micron Stock Finds Its Footing as It Pushes Back on Chinese Memory Threat
• Positive Sentiment: Recent record revenue, profit and gross margin, along with strong forward guidance, have made Micron appear inexpensive relative to its expected earnings growth. High-bandwidth memory demand from artificial-intelligence systems and persistent chip shortages are viewed as potential long-term growth drivers. Micron Just Delivered a Monster Quarter, but the Stock Is Plummeting
• Positive Sentiment: Analyst screens and investor commentary continued to highlight MU’s high profit margins, expected earnings growth and potential to become less dependent on memory-market cycles as customer contracts and AI applications expand. NVIDIA and 2 Profitable Stocks to Buy Now for Explosive Upside
• Neutral Sentiment: Reports noted that Micron’s sharp yearlong rally has been followed by significant corrections across AI-related memory and storage stocks. A potential stock split was discussed, but it would not change the company’s underlying value or fundamentals. Stock-Split Watch: Is Micron Next?
• Negative Sentiment: Bearish commentary warned that a possible 40% decline in memory prices, a peak in the current cycle and weaker hyperscaler capital spending could pressure Micron’s unusually strong earnings. Some analysts also questioned whether new supply contracts provide as much protection as expected. Micron: The New SCA Contracts Are Not As Great As You Think

Analyst Ratings Changes

MU has been the subject of several research analyst reports. Sanford C. Bernstein restated an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. President Capital raised their price objective on Micron Technology to $1,500.00 and gave the stock a “buy” rating in a report on Friday, July 17th. DA Davidson lifted their target price on Micron Technology from $2,100.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Wednesday, October 7th. Zacks Research raised Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.

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.