2,428 Shares of Micron Technology, Inc. $MU Bought by Axecap Investments LLC

Key Points

• Axecap Investments LLC initiated a Micron Technology stake by purchasing 2,428 shares valued at approximately $2.6 million, representing 1.6% of its portfolio. Institutional investors collectively own 80.84% of Micron’s stock.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $1,407.88; 41 analysts rate the shares a Buy and four rate them Hold.
• Micron exceeded quarterly expectations with $33.42 in EPS versus the $31.77 consensus, while revenue surged 379.1% year over year to $54.23 billion. The company also issued next-quarter EPS guidance of $37.15–$39.15.

Axecap Investments LLC bought a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,428 shares of the semiconductor manufacturer's stock, valued at approximately $2,586,000. Micron Technology comprises 1.6% of Axecap Investments LLC's investment portfolio, making the stock its 24th biggest position.

Other hedge funds have also made changes to their positions in the company. Andar Capital Management HK Ltd raised its position in shares of Micron Technology by 856,960.3% during the 2nd 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 position in Micron Technology in the second quarter valued at approximately $22,182,263,000. Legal & General Group Plc purchased a new position in Micron Technology in the second quarter worth approximately $8,402,393,000. Situational Awareness LP grew its position 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 worth $5,573,819,000 after acquiring an additional 5,289,124 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in Micron Technology in the second quarter worth approximately $3,761,237,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MU shares. HSBC lifted their target price on Micron Technology from $1,100.00 to $1,700.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. TD Cowen reiterated a "buy" rating and set a $1,600.00 price target on shares of Micron Technology in a report on Thursday, October 1st. ThinkEquity reissued a "buy" rating on shares of Micron Technology in a research report on Monday, August 3rd. Mizuho raised their price objective on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a research report on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft restated 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 given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,407.88.

Micron Technology Stock Up 2.0%

Shares of NASDAQ:MU opened at $913.67 on Thursday. 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 firm has a market capitalization of $1.03 trillion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22. The firm's 50-day moving average is $987.36 and its two-hundred day moving average is $876.61. Micron Technology, Inc. has a 1 year low of $192.40 and a 1 year high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly 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 business had revenue of $54.23 billion for the quarter, compared to analysts' expectations of $51.33 billion. During the same quarter in the prior year, the company earned $3.03 earnings per share. The business's quarterly 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 predict that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be paid 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 is presently 0.81%.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the business'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 completion of the transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Scott J. Deboer sold 28,545 shares of the business's stock in a transaction on Friday, October 16th. The stock was 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 of the company's stock, valued at approximately $132,687,000. This trade represents a 16.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 123,545 shares of company stock worth $115,750,966 in the last ninety days. 0.24% of the stock is owned by corporate insiders.

Micron Technology News Summary

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

• Positive Sentiment: At its technology presentation, Micron highlighted progress in DRAM, high-bandwidth memory (HBM), NAND and next-generation 3D DRAM. New products planned for 2027 and growing AI-related demand reinforce the company’s position as a key supplier to data-center and high-performance-computing customers. Micron AI-era technology presentation
• Positive Sentiment: ASML said semiconductor and memory demand could exceed supply through at least 2028. That outlook supports the bullish case for continued pricing power, elevated margins and strong demand for Micron’s memory products. ASML demand outlook
• Positive Sentiment: Recent results remain a major catalyst: Micron reported $33.42 in quarterly EPS versus a $31.77 estimate, while revenue rose 379.1% year over year. Management’s next-quarter guidance and analysts’ expectations for continued supply tightness are supporting confidence in further earnings growth.
• Positive Sentiment: Micron reached a labor-management agreement with one Taiwan union, reducing some immediate disruption risk. The company also invested in U.S. indium and critical-materials processing to strengthen supplies for advanced memory manufacturing. Micron Taiwan union agreement
• Neutral Sentiment: Institutional buying and approximately $326.9 million in reported ETF inflows point to continued investor demand, although Micron’s more than 200% year-to-date rally has increased profit-taking risk. Micron ETF buying
• Negative Sentiment: A separate Taiwan union has threatened a strike over bonuses, creating a risk of higher labor costs or production delays. In addition, an insider sold 28,545 shares for about $25.7 million, while investors remain concerned that new capacity, Chinese competitor CXMT and stretched AI valuations could eventually pressure pricing and margins. Micron insider sale

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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