1,482 Micron Technology, Inc. $MU Shares Purchased by SeaCrest Wealth Management LLC

Key Points

• SeaCrest Wealth Management increased its Micron stake by 23%, purchasing 1,482 additional shares to hold 7,939 shares valued at approximately $8.46 million. Institutional investors collectively own 80.84% of Micron’s stock.
• Analysts remain broadly positive, with Micron carrying a “Moderate Buy” consensus rating and an average price target of $1,407.88, despite Wells Fargo lowering its target to $1,400.
• Micron reported quarterly earnings and revenue above expectations, including $33.42 in EPS versus a $31.77 estimate and $54.23 billion in revenue versus $51.33 billion expected; revenue rose 379.1% year over year.

SeaCrest Wealth Management LLC grew its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 23.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,939 shares of the semiconductor manufacturer's stock after purchasing an additional 1,482 shares during the period. Micron Technology comprises about 0.9% of SeaCrest Wealth Management LLC's investment portfolio, making the stock its 17th biggest position. SeaCrest Wealth Management LLC's holdings in Micron Technology were worth $8,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Andar Capital Management HK Ltd lifted its stake in shares of 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 valued at $39,571,847,000 after buying an additional 34,278,413 shares during the period. Primecap Management Co. CA acquired a new stake in Micron Technology during the second quarter worth about $22,182,263,000. Legal & General Group Plc bought a new position in Micron Technology during the second quarter valued at about $8,402,393,000. Situational Awareness LP increased its stake in Micron Technology by 1,149.0% during 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 acquiring an additional 5,289,124 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in Micron Technology in the 2nd quarter valued at approximately $3,761,237,000. Institutional investors own 80.84% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MU shares. Wells Fargo & Company decreased their price objective on 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. President Capital raised their target price on Micron Technology to $1,500.00 and gave the stock a "buy" rating in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Micron Technology in a research report on Thursday, October 1st. Weiss Ratings upgraded shares of Micron Technology from a "buy (b)" rating to a "buy (b+)" rating in a research note on Monday, October 12th. Finally, Susquehanna reissued a "positive" rating on shares of Micron Technology in a report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Micron Technology presently has an average rating of "Moderate Buy" and an average target price of $1,407.88.

Micron Technology Price Performance

Micron Technology stock opened at $877.55 on Friday. The business has a 50 day simple moving average of $983.61 and a 200 day simple moving average of $880.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The company has a market capitalization of $992.88 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.15 and a beta of 2.22. Micron Technology, Inc. has a one year low of $192.59 and a one year high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating analysts' consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The firm had revenue of $54.23 billion for the quarter, compared to analysts' expectations of $51.33 billion. During the same period in the prior year, the business posted $3.03 earnings per share. The business's revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, sell-side analysts forecast that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology's payout ratio is currently 0.81%.

Insider Activity

In related news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 264,503 shares of the company's stock, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott J. Deboer sold 28,545 shares of the business's stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the completion of the transaction, the insider owned 147,430 shares in the company, valued at approximately $132,687,000. This trade represents a 16.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 83,545 shares of company stock worth $78,460,850. Corporate 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: Improved industry sentiment: A broad rebound in semiconductor stocks lifted Micron, SK Hynix and SanDisk as investors returned to AI and memory names following a sharp pullback. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Favorable supply dynamics: SK Hynix’s decision to abandon a planned U.S. IPO for its Solidigm flash-memory unit could reduce concerns about additional NAND supply entering the market, potentially benefiting Micron and SanDisk. Micron, Sandisk gain as SK Hynix scraps Solidigm IPO
• Positive Sentiment: Analyst and growth support: Erste Group raised its FY2028 EPS forecast to $201.26 from $199.05 and maintained a Buy rating. Analysts continue to point to Micron’s AI-driven HBM demand, improving margins and relatively low valuation as reasons for optimism. Micron earnings estimate update
• Neutral Sentiment: Strategic investment: Micron’s planned investment in U.S. critical-mineral processing supports its domestic supply-chain strategy, although the near-term financial impact is unclear. Micron critical-minerals investment
• Negative Sentiment: Technology execution risk: Micron’s next-generation memory architecture could improve data movement for AI processors, but placing more memory closer to computing units creates difficult cooling and heat-management challenges. Micron’s Next AI Memory Breakthrough Has a Cooling Problem
• Negative Sentiment: Insider selling and volatility: Recent filings show extensive insider selling with no reported open-market purchases, while technical commentary warns that the recovery remains fragile amid ongoing concerns about AI spending, interest rates and valuation.

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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