Ground Swell Capital LLC Makes New Investment in Micron Technology, Inc. $MU

Ground Swell Capital LLC bought a new position in Micron Technology, Inc. (NASDAQ:MU) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,552 shares of the semiconductor manufacturer’s stock, valued at approximately $1,653,000. Micron Technology makes up about 3.9% of Ground Swell Capital LLC’s investment portfolio, making the stock its 3rd largest holding.

Other large investors have also recently bought and sold shares of the company. Andar Capital Management HK Ltd raised its holdings in Micron Technology by 856,960.3% in the 2nd 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 bought a new stake in Micron Technology during the 2nd quarter worth approximately $22,182,263,000. Bank of America Corp DE grew its holdings in Micron Technology by 26.6% during 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 acquiring an additional 2,136,470 shares during the last quarter. Legal & General Group Plc bought a new stake in Micron Technology during the 2nd quarter worth approximately $8,402,393,000. Finally, Aberdeen Group plc grew its holdings in Micron Technology by 762.2% during the 3rd quarter. Aberdeen Group plc now owns 7,084,241 shares of the semiconductor manufacturer’s stock worth $7,545,496,000 after acquiring an additional 6,262,603 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Key Headlines Impacting Micron Technology

These are some of the MU headlines that stood out recently:

• Positive Sentiment: Micron’s record results and strong outlook support the growth case: coverage cited roughly $61.5 billion in quarterly revenue guidance, while its latest reported quarterly sales rose about 380% year over year. AI-related demand and tight supply of high-bandwidth memory are key potential tailwinds. Micron Is Down 20% in a Month
• Positive Sentiment: ETF buying provided a modest demand signal, with 59 funds adding Micron shares and 14 selling on Wednesday, for reported net purchases of $137.7 million. ETFs Bought $137.7 Million of Micron
• Negative Sentiment: Broad chip-sector selling is the main near-term headwind. Reports of Nvidia CEO Jensen Huang’s departure have unsettled investors and raised concerns about the AI trade’s durability, weighing on memory stocks including Micron despite its favorable outlook. Why Are Micron, SK Hynix, and SanDisk Stocks Falling?

Insider Buying and Selling

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president owned 191,021 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the sale, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 83,545 shares of company stock worth $78,460,850 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MU shares. Morgan Stanley reaffirmed an “overweight” rating and set a $1,200.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. TD Cowen reaffirmed a “buy” rating and set a $1,600.00 target price on shares of Micron Technology in a research report on Thursday, October 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $1,900.00 target price on shares of Micron Technology in a research report on Thursday, October 22nd. Raymond James Financial reaffirmed an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, William Blair set a $1,300.00 price target on Micron Technology in a research report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,435.58.

Micron Technology Trading Down 2.5%

NASDAQ MU traded down $20.13 during trading hours on Friday, hitting $778.31. 27,749,501 shares of the company’s stock were exchanged, compared to its average volume of 30,791,856. The firm has a market cap of $880.60 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 0.14 and a beta of 2.36. The stock has a 50-day simple moving average of $943.73 and a 200 day simple moving average of $764.29. 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 1-year low of $192.59 and a 1-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 EPS for the quarter, topping the consensus estimate of $31.77 by $1.65. The company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company’s quarterly revenue was up 379.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities analysts forecast that Micron Technology, Inc. will post 174.19 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is currently 0.81%.

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.