10,756 Micron Technology, Inc. $MU Shares Acquired by Traynor Capital Management Inc.

Key Points

• Traynor Capital Management increased its Micron stake by 47.2% in the third quarter, acquiring 10,756 shares and bringing its holdings to 33,525 shares valued at approximately $35.7 million. Institutional investors own 80.84% of Micron’s stock.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating based on 41 Buy, four Hold, and one Strong Buy recommendation; the consensus price target is $1,407.88.
• Micron reported stronger-than-expected quarterly results, including $33.42 in EPS and $54.23 billion in revenue, while strong AI-related memory demand supports the outlook. However, the stock remains exposed to semiconductor volatility, elevated expectations, and growing competition from China’s CXMT.

Traynor Capital Management Inc. boosted its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 47.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 33,525 shares of the semiconductor manufacturer's stock after buying an additional 10,756 shares during the period. Micron Technology makes up 1.6% of Traynor Capital Management Inc.'s portfolio, making the stock its 13th largest holding. Traynor Capital Management Inc.'s holdings in Micron Technology were worth $35,708,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Gibbs Wealth Management increased its holdings in Micron Technology by 52.7% in the 3rd quarter. Gibbs Wealth Management now owns 6,041 shares of the semiconductor manufacturer's stock valued at $6,435,000 after buying an additional 2,085 shares during the period. Denali Advisors LLC acquired a new position in shares of Micron Technology in the 2nd quarter valued at approximately $7,364,000. Castleark Management LLC acquired a new position in shares of Micron Technology in the 1st quarter valued at approximately $3,709,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Micron Technology by 16.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer's stock worth $56,006,000 after acquiring an additional 6,702 shares during the period. Finally, Legacy Wealth Management LLC MS lifted its holdings in shares of Micron Technology by 73.3% during the 2nd 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 owned by institutional investors.

Analyst Upgrades and Downgrades

MU has been the topic of several analyst reports. President Capital increased their price target on shares of Micron Technology to $1,500.00 and gave the stock a "buy" rating in a research report on Friday, July 17th. DA Davidson boosted their price objective on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the company a "buy" rating in a research report on Wednesday, October 7th. New Street Research upgraded Micron Technology from a "neutral" rating to a "buy" rating and upped their target price for the stock from $470.00 to $1,250.00 in a research note on Friday, August 14th. Cantor Fitzgerald restated an "overweight" rating and set a $2,000.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Micron Technology in a report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Micron Technology has a consensus rating of "Moderate Buy" and a consensus price target of $1,407.88.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Memory demand remains exceptionally strong. SK Hynix said its available memory capacity is effectively sold out through 2029, supporting expectations for sustained pricing power in DRAM, NAND and high-bandwidth memory (HBM)—markets in which Micron is a major supplier. SK Hynix Just Delivered Fantastic News for Micron
• Positive Sentiment: Several analysts remain bullish, arguing that Micron’s supply is unlikely to catch up with demand before fiscal 2028 and that HBM prices could rise significantly in 2027. Reports also cite customer agreements that have locked in much of next year’s shipments, potentially supporting record earnings and visibility. Micron Stock: Why I'm Buying, Not Panicking
• Positive Sentiment: Attractive projected earnings growth and a low forward valuation are encouraging some investors to view the recent weakness as a buying opportunity. Micron is also receiving attention as an AI beneficiary, while its inclusion among major S&P 500 ETF holdings can support recurring institutional demand. Think You Missed Out on Micron's Run? Think Again.
• Neutral Sentiment: Micron’s investment case remains highly dependent on continued AI infrastructure spending. Articles present the company as potentially resilient if AI budgets slow, but also warn that memory stocks could be among the more exposed semiconductor businesses if customers reduce or delay data-center investment. If AI Spending Slows in 2027, These Semiconductor Stocks Could Hold Up Best
• Negative Sentiment: The immediate pressure came from a wider technology and semiconductor selloff following disappointing results from Amazon and Intel. Weakness in Alphabet and Samsung also reduced risk appetite and caused investors to reassess elevated expectations for memory stocks. Why are Micron, SK Hynix and SanDisk stocks falling on Friday?
• Negative Sentiment: SanDisk’s strong earnings and raised outlook failed to prevent a sharp decline in memory shares, highlighting profit-taking and valuation concerns. Meanwhile, China’s CXMT reported a 613% revenue increase, signaling a growing competitive threat to established suppliers such as Micron over time. CXMT posts 613% jump in revenue as Micron, SanDisk shares tumble

Micron Technology Stock Performance

Shares of MU stock opened at $884.74 on Monday. The firm has a market capitalization of $1.00 trillion, a P/E ratio of 11.92, a P/E/G ratio of 0.15 and a beta of 2.36. Micron Technology, Inc. has a twelve month low of $192.59 and a twelve month high of $1,255.00. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The stock's fifty day simple moving average is $978.68 and its 200 day simple moving average is $744.52.

Micron Technology (NASDAQ:MU - Get Free Report) last issued 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 business had revenue of $54.23 billion during the quarter, compared to analysts' expectations of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business's revenue for the quarter was up 379.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, sell-side analysts predict 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. Stockholders of record on Wednesday, October 14th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology's dividend payout ratio is currently 0.81%.

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the business'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 transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sumit Sadana sold 15,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 191,021 shares of the company's stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 83,545 shares of company stock valued at $78,460,850 over the last quarter. 0.24% of the stock is owned by company insiders.

Micron Technology 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.

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