167,084 Micron Technology, Inc. $MU Shares Purchased by West Wealth Group LLC

Key Points

• West Wealth Group sharply increased its Micron stake by purchasing 167,084 shares in the third quarter, bringing its holdings to 167,669 shares worth approximately $178.6 million—18.9% of the fund’s portfolio.
• Institutional investors own 80.84% of Micron, while company insiders sold 95,879 shares worth roughly $90.9 million during the last quarter, including sales by the CEO and executive vice president.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $1,407.88 target price. Micron also reported sharply higher revenue and earnings, though investors remain concerned about potential Chinese competition, semiconductor volatility and elevated valuation expectations.

West Wealth Group LLC grew its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 28,561.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,669 shares of the semiconductor manufacturer's stock after buying an additional 167,084 shares during the period. Micron Technology makes up approximately 18.9% of West Wealth Group LLC's holdings, making the stock its biggest position. West Wealth Group LLC's holdings in Micron Technology were worth $178,586,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MU. Denali Advisors LLC bought a new position in shares of Micron Technology in the 2nd quarter valued at about $7,364,000. Castleark Management LLC bought a new position in shares of Micron Technology during the first quarter worth approximately $3,709,000. Oppenheimer & Co. Inc. lifted its position 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 valued at $56,006,000 after acquiring an additional 6,702 shares during the period. Legacy Wealth Management LLC MS increased its stake in Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer's stock valued at $4,091,000 after acquiring an additional 1,499 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC grew its holdings in shares of Micron Technology by 2,461.4% during the 2nd quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer's stock valued at $42,871,000 after purchasing an additional 35,691 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction 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 sale, the chief executive officer 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the business's stock in a transaction dated 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 in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 95,879 shares of company stock valued at $90,939,466 in the last quarter. Insiders own 0.24% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on MU shares. Erste Group Bank upgraded Micron Technology from a "hold" rating to a "buy" rating in a report on Thursday, June 25th. The Goldman Sachs Group set a $1,250.00 price objective on Micron Technology in a report on Thursday, October 1st. Seaport Research Partners reissued a "buy" rating on shares of Micron Technology in a report on Friday, August 14th. DA Davidson raised their price target on Micron Technology from $2,100.00 to $3,000.00 and gave the company a "buy" rating in a report on Wednesday, October 7th. Finally, Citigroup upped their target price on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the stock a "buy" rating in a research report on Wednesday, September 23rd. 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,407.88.

Micron Technology Stock Performance

Shares of MU stock opened at $914.13 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. Micron Technology, Inc. has a fifty-two week low of $187.42 and a fifty-two week high of $1,255.00. The stock has a 50 day moving average price of $984.86 and a two-hundred day moving average price of $857.08. The company has a market capitalization of $1.03 trillion, a P/E ratio of 12.32, a PEG ratio of 0.17 and a beta of 2.22.

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 net margin of 63.80% and a return on equity of 92.62%. The firm had revenue of $54.23 billion for the quarter, compared to analysts' expectations of $51.33 billion. During the same quarter last year, the business earned $3.03 earnings per share. The business's revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Analysts expect that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Announces Dividend

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

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Elon Musk praised Micron’s approach to future memory pricing, calling it “reasonable” and contrasting it with unnamed competitors he described as “extortionate.” The comments support Micron’s customer-focused strategy and could strengthen long-term relationships. Elon Musk Says Micron Has Been Reasonable on Future Pricing
• Positive Sentiment: Investors continue to point to Micron’s strong operating performance: fiscal fourth-quarter revenue increased 379% year over year to $54.23 billion, while earnings exceeded consensus estimates. AI demand, tight DRAM supply and expected HBM4 growth remain important upside drivers. Micron’s HBM4 Ramp-Up
• Positive Sentiment: Micron has signed 26 strategic customer agreements and secured commitments covering much of its fiscal 2027 output, improving demand visibility and reducing exposure to the traditional memory cycle. Its board also authorized roughly $35 billion in additional buybacks, while analysts at Erste Group raised their FY2027 earnings forecast. Micron’s Customer Contracts
• Neutral Sentiment: Several analysts and commentators called the selloff excessive, citing Micron’s low forward valuation, strong balance sheet, shareholder returns and long-term AI demand. However, the market remains skeptical that elevated profits can persist indefinitely.
• Negative Sentiment: The main catalyst was news that China’s ChangXin Memory Technologies (CXMT) is progressing toward a denser DRAM design aimed at server memory. Although commercial-scale production and yields remain unproven, investors fear future competition could weaken Micron’s pricing power and margins. CXMT Targets Server Memory
• Negative Sentiment: Hotter-than-expected U.S. inflation increased pressure on technology shares and contributed to a broader semiconductor selloff. Investors are also monitoring a potential labor dispute at Micron’s Taiwan operations, which could create production and delivery risks if a strike occurs. Why Memory Stocks Are Falling

Micron Technology Company Profile

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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