1,151 Shares of Micron Technology, Inc. $MU Acquired by Steel Grove Capital Advisors LLC

Key Points

• Steel Grove Capital Advisors acquired 1,151 Micron shares valued at approximately $1.23 million, while institutional investors collectively own 80.84% of the company.
• Micron reported quarterly revenue of $54.23 billion and EPS of $33.42, surpassing analyst expectations; revenue increased 379.1% year over year, supported by strong AI and memory demand.
• Analysts maintain a bullish outlook, with Micron receiving a consensus “Moderate Buy” rating and an average price target of $1,407.88. The company also declared a quarterly dividend of $0.15 per share.

Steel Grove Capital Advisors LLC bought a new position in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,151 shares of the semiconductor manufacturer's stock, valued at approximately $1,226,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MU. Andar Capital Management HK Ltd grew its holdings in shares of Micron Technology by 856,960.3% during 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 purchasing an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA bought a new position in shares of Micron Technology in the second quarter worth approximately $22,182,263,000. Legal & General Group Plc purchased a new stake in Micron Technology in the second quarter valued at approximately $8,402,393,000. Situational Awareness LP raised its stake in Micron Technology by 1,149.0% in the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer's stock valued at $5,573,819,000 after purchasing an additional 5,289,124 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in Micron Technology during the second quarter valued at approximately $3,761,237,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Price Performance

Shares of NASDAQ MU traded down $53.43 during trading hours on Tuesday, reaching $935.61. 18,673,235 shares of the stock traded hands, compared to its average volume of 41,219,633. The company's 50-day simple moving average is $983.23 and its two-hundred day simple moving average is $849.12. The company has a market capitalization of $1.06 trillion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 0.18 and a beta of 2.22. Micron Technology, Inc. has a 52-week low of $186.25 and a 52-week 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.

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 the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same quarter in the prior year, the firm earned $3.03 earnings per share. Micron Technology's revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities research analysts forecast that Micron Technology, Inc. will post 175.82 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be 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 is Wednesday, October 14th. Micron Technology's payout ratio is presently 0.81%.

Insider Activity

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction 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 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 Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott Allen sold 879 shares of Micron Technology stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the transaction, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. The trade was a 2.45% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 95,879 shares of company stock valued at $90,939,466. Corporate insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

MU has been the subject of several research analyst reports. Zacks Research upgraded shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 6th. Robert W. Baird increased their price target on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the stock an "outperform" rating in a report on Monday, September 28th. Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday, June 25th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, BNP Paribas Exane lifted their price objective on shares of Micron Technology from $615.00 to $1,700.00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,407.88.

More Micron Technology News

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

• Positive Sentiment: Micron’s board increased its share-repurchase authorization to approximately $35.16 billion, with buybacks expected to begin soon. The move signals management’s confidence and could support earnings per share. Why Is Micron Stock Rising Today?
• Positive Sentiment: Analysts remain bullish: Rosenblatt reaffirmed a Buy rating with a $1,900 price target, while D.A. Davidson raised its target to $3,000. Erste Group also maintained a Buy view and forecasts fiscal 2028 earnings above the current consensus. Wall Street’s Biggest Micron Bull Just Raised Its Target Again
• Positive Sentiment: Micron’s HBM4 ramp-up, rising 2027 contract prices and sustained AI data-center demand could extend margin expansion. Its latest quarter delivered $54.23 billion in revenue and $33.42 in earnings per share, substantially above year-earlier levels. Micron’s HBM4 Ramp-Up
• Neutral Sentiment: Broader semiconductor-equipment stocks are retreating after a strong AI-driven run, indicating sector-wide profit-taking rather than a Micron-specific deterioration. Semiconductor Equipment Stocks Slide
• Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design and plans to target high-end server memory. Investors fear this could eventually pressure Micron’s pricing, supply advantages and unusually high margins. Micron Slips as China Memory Chip Threat Ramps Up
• Negative Sentiment: Elon Musk’s warning about China’s manufacturing capabilities added to concerns that Chinese competitors may close the technology gap faster than expected. Broader technology weakness, higher oil prices and investor profit-taking are adding pressure. Micron Stock Falls as Elon Musk Warns of China’s Manufacturing Power

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.

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