2,167 Shares of Micron Technology, Inc. $MU Purchased by Leo Wealth LLC

Key Points

• Leo Wealth LLC opened a new Micron Technology position by purchasing 2,167 shares valued at approximately $2.31 million. Institutional investors collectively own 80.84% of Micron’s stock.
• Micron reported quarterly earnings of $33.42 per share and revenue of $54.23 billion, exceeding analyst estimates; revenue increased 379.1% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $1,407.88.
• Investors remain focused on AI-driven high-bandwidth memory demand and multiyear supply agreements, while concerns include a potential memory-price decline, a cyclical downturn and recent insider selling.

Leo Wealth LLC purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,167 shares of the semiconductor manufacturer's stock, valued at approximately $2,309,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MU. Andar Capital Management HK Ltd lifted its position 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 last quarter. Primecap Management Co. CA bought a new position in shares of Micron Technology during the 2nd quarter worth approximately $22,182,263,000. Legal & General Group Plc bought a new position in shares of Micron Technology during the 2nd quarter worth approximately $8,402,393,000. Situational Awareness LP boosted its stake in shares of Micron Technology by 1,149.0% during the 2nd quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer's stock worth $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 shares of Micron Technology during the 2nd quarter worth approximately $3,761,237,000. Institutional investors own 80.84% of the company's stock.

Micron Technology Trading Up 3.0%

Shares of NASDAQ:MU opened at $903.70 on Tuesday. Micron Technology, Inc. has a 12-month low of $192.59 and a 12-month high of $1,255.00. The stock has a market cap of $1.02 trillion, a PE ratio of 12.18, a P/E/G ratio of 0.15 and a beta of 2.22. The business has a 50 day moving average of $982.71 and a 200-day moving average of $729.85. 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 posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating the consensus estimate of $31.77 by $1.65. The company had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The firm's revenue for the quarter was up 379.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities research analysts forecast that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Bank of America became “incrementally more positive” on the memory industry after meetings with executives. The firm said customers are increasingly locking in memory supply through multiyear agreements, improving Micron’s revenue visibility and potentially reducing cyclical volatility. Micron Rises as Bank of America Gets Incrementally More Positive on Memory
• Positive Sentiment: Investors responded favorably to Micron’s defense against concerns over Chinese rival ChangXin Memory Technologies. Micron indicated that CXMT’s 4F square memory design does not currently undermine its competitive position. Micron Stock Finds Its Footing as It Pushes Back on Chinese Memory Threat
• Positive Sentiment: Recent record revenue, profit and gross margin, along with strong forward guidance, have made Micron appear inexpensive relative to its expected earnings growth. High-bandwidth memory demand from artificial-intelligence systems and persistent chip shortages are viewed as potential long-term growth drivers. Micron Just Delivered a Monster Quarter, but the Stock Is Plummeting
• Positive Sentiment: Analyst screens and investor commentary continued to highlight MU’s high profit margins, expected earnings growth and potential to become less dependent on memory-market cycles as customer contracts and AI applications expand. NVIDIA and 2 Profitable Stocks to Buy Now for Explosive Upside
• Neutral Sentiment: Reports noted that Micron’s sharp yearlong rally has been followed by significant corrections across AI-related memory and storage stocks. A potential stock split was discussed, but it would not change the company’s underlying value or fundamentals. Stock-Split Watch: Is Micron Next?
• Negative Sentiment: Bearish commentary warned that a possible 40% decline in memory prices, a peak in the current cycle and weaker hyperscaler capital spending could pressure Micron’s unusually strong earnings. Some analysts also questioned whether new supply contracts provide as much protection as expected. Micron: The New SCA Contracts Are Not As Great As You Think

Insider Activity at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Scott Deboer sold 28,545 shares of the company's stock in a transaction on Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the completion of the transaction, the insider directly owned 147,430 shares in the company, valued at approximately $132,687,000. This represents a 16.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 83,545 shares of company stock worth $78,460,850 in the last ninety days. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

MU has been the topic of a number of recent analyst reports. William Blair set a $1,300.00 target price on Micron Technology in a report on Thursday, October 1st. Citigroup raised their price target on Micron Technology from $1,150.00 to $1,300.00 and gave the company a "buy" rating in a report on Wednesday, September 23rd. DA Davidson lifted their price objective on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Wednesday, October 7th. Arete Research upped their price objective on shares of Micron Technology from $852.00 to $1,500.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $2,000.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,407.88.

Micron Technology Company 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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