Micron Technology, Inc. $MU Shares Bought by Collaborative Fund Advisors LLC

Collaborative Fund Advisors LLC lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 136.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,287 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,898 shares during the quarter. Micron Technology accounts for about 1.9% of Collaborative Fund Advisors LLC’s holdings, making the stock its 7th largest position. Collaborative Fund Advisors LLC’s holdings in Micron Technology were worth $3,501,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MU. Gibbs Wealth Management lifted its holdings in Micron Technology by 52.7% during the third quarter. Gibbs Wealth Management now owns 6,041 shares of the semiconductor manufacturer’s stock valued at $6,435,000 after purchasing an additional 2,085 shares during the last quarter. Denali Advisors LLC bought a new stake in Micron Technology in the second quarter worth $7,364,000. Castleark Management LLC purchased a new stake in shares of Micron Technology during the first quarter valued at approximately $3,709,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Micron Technology by 16.0% during the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after purchasing an additional 6,702 shares during the period. Finally, Legacy Wealth Management LLC MS lifted its stake in Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after acquiring an additional 1,499 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. William Blair set a $1,300.00 price target on Micron Technology in a research note on Thursday, October 1st. Morgan Stanley restated an “overweight” rating and issued a $1,200.00 price objective on shares of Micron Technology in a report on Thursday, October 1st. Wedbush reaffirmed an “outperform” rating and set a $1,400.00 target price on shares of Micron Technology in a research note on Monday, September 28th. Mizuho lifted their target price on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a report on Thursday, October 1st. Finally, UBS Group reissued a “buy” rating and issued a $1,625.00 price target (up from $535.00) on shares of Micron Technology in a research report on Wednesday, September 23rd. One equities 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Stock Down 7.0%

Shares of Micron Technology stock opened at $795.23 on Thursday. 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 market capitalization of $899.74 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.15 and a beta of 2.36. Micron Technology, Inc. has a 52-week low of $192.59 and a 52-week high of $1,255.00. The company has a 50-day simple moving average of $972.16 and a two-hundred day simple moving average of $751.90.

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, 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 firm had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the prior year, the firm posted $3.03 earnings per share. The business’s revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, analysts anticipate that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Buying and Selling

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction 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 sale, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction 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 completion of the sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 83,545 shares of company stock worth $78,460,850 in the last three months. Insiders own 0.24% of the company’s stock.

Micron Technology News Roundup

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

• Positive Sentiment: Apple expects memory prices to keep rising beyond its December quarter, a sign of continued pricing strength that could support Micron’s revenue and margins. Apple Says It Will Keep Paying More for Memory Chips After December
• Positive Sentiment: A bullish outlook argues that AI-driven memory demand and chip shortages may persist, supporting the case for continued growth. Prediction: Micron Stock Will Triple in 2027
• Negative Sentiment: Investors reportedly grew concerned that Democratic election gains could slow AI data-center construction. If spending is delayed, memory demand could weaken, inventories rise and Micron’s pricing power fade. Why Micron Stock Is Falling Today
• Negative Sentiment: Memory and storage shares sold off even as the broader market advanced, reflecting concern about AI investment plans and whether higher memory costs could curb hardware demand. Micron Stock Faces a Memory Price Conundrum in Wake of Democrat Success
• Negative Sentiment: Market commentator Tom Sosnoff warned that the semiconductor selloff could have further to run, adding near-term risk for MU. Micron Stock Ranks at Top of the Funnel, but Chip Selloff Has Room to Run

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.