Calamos Advisors LLC Purchases 5,143 Shares of Micron Technology, Inc. $MU

Calamos Advisors LLC increased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 318,597 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,143 shares during the quarter. Micron Technology accounts for about 1.0% of Calamos Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Calamos Advisors LLC’s holdings in Micron Technology were worth $339,341,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MU. Andar Capital Management HK Ltd lifted 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 acquiring an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA acquired a new stake in shares of Micron Technology during the 2nd quarter worth approximately $22,182,263,000. Bank of America Corp DE lifted its holdings in shares of Micron Technology by 26.6% in the 2nd 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 during the last quarter. Legal & General Group Plc bought a new stake in shares of Micron Technology in the 2nd quarter worth approximately $8,402,393,000. Finally, Wellington Management Group LLP boosted its position in Micron Technology by 28.7% during the 2nd quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock valued at $5,823,556,000 after purchasing an additional 1,125,414 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MU. CLSA reaffirmed an “outperform” rating and issued a $1,700.00 target price on shares of Micron Technology in a research report on Friday, October 2nd. Royal Bank Of Canada restated an “outperform” rating and set a $1,500.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Wells Fargo & Company dropped their price objective on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a report on Wednesday, September 23rd. The Goldman Sachs Group set a $1,250.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Micron Technology in a research note on Thursday, October 1st. One 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,407.88.

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Scott J. Deboer sold 28,545 shares of the stock in a transaction 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 owned 147,430 shares of the company’s stock, valued at $132,687,000. The trade was a 16.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 83,545 shares of company stock worth $78,460,850 in the last quarter. 0.24% of the stock is owned by company insiders.

Micron Technology Price Performance

NASDAQ:MU traded up $33.61 during midday trading on Friday, hitting $690.00. 44,738,293 shares of the stock were exchanged, compared to its average volume of 26,678,026. The company has a market capitalization of $780.68 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 0.14 and a beta of 2.36. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. Micron Technology, Inc. has a one year low of $192.59 and a one year high of $1,255.00. The business has a 50-day moving average price of $961.59 and a two-hundred day moving average price of $754.99.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. The firm 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%. Micron Technology’s revenue was up 379.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts predict that Micron Technology, Inc. will post 175.19 EPS for the current year.

Micron Technology Dividend Announcement

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

More Micron Technology News

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

• Positive Sentiment: Micron’s latest quarter showed sharply higher sales, and its next-quarter revenue guidance reportedly exceeded Wall Street expectations. Analysts cited continued memory demand, especially for AI systems, as support for the business outlook. Why Micron Stock Is Up Today
• Positive Sentiment: Some investors and analysts view the recent selloff as excessive, pointing to Micron’s low forward valuation, customer commitments, and potential for buybacks. A separate analysis argues that U.S. DRAM production could be economically viable with government incentives and customer premiums. Micron: The Story Is Far From Being Over (Rating Upgrade)
• Neutral Sentiment: The stock’s sharp swings reflect a split outlook: robust current memory demand and results are being balanced against uncertainty about how durable AI-related spending will be. Micron Stock Rebounds After Selloff as AI Demand Risks Persist
• Negative Sentiment: Investors remain concerned that proposed restrictions on AI data centers—including permitting, power-use, and environmental rules—could delay projects and curb demand for memory chips. These fears helped drive the prior session’s steep decline. Could Micron Face Slower AI Demand From New Data Center Rules?
• Negative Sentiment: A reported pause in construction of Micron’s planned Taiwan facility, following a labor dispute, adds uncertainty around its manufacturing expansion and future capacity. Micron Plunges Amid Chip Selloff and Taiwan Plant Halt

Micron Technology Profile

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.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into a global technology company with operations and customers across multiple regions.