3,117 Shares of Micron Technology, Inc. $MU Acquired by StoneRidge PMG Advisors LLC

Key Points

• StoneRidge PMG Advisors initiated a Micron position of 3,117 shares, valued at about $3.32 million and representing 2.2% of its portfolio; Micron is its 11th-largest holding.
• Micron reported quarterly EPS of $33.42, beating the $31.77 consensus, while revenue of $54.23 billion topped estimates and rose 379.1% year over year.
• Company insiders sold 83,545 shares worth about $78.46 million during the quarter; institutional investors collectively own 80.84% of Micron’s stock.

StoneRidge PMG Advisors LLC purchased a new position in Micron Technology, Inc. (NASDAQ:MU - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,117 shares of the semiconductor manufacturer's stock, valued at approximately $3,320,000. Micron Technology accounts for approximately 2.2% of StoneRidge PMG Advisors LLC's investment portfolio, making the stock its 11th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bullseye Investment Management LLC purchased a new position in shares of Micron Technology in the 2nd quarter valued at $27,000. Aventus Investment Advisors Inc. purchased a new stake in shares of Micron Technology during the 3rd quarter worth $30,000. Steph & Co. purchased a new stake in shares of Micron Technology during the 3rd quarter worth $31,000. Montgomery Financial Services LLC purchased a new stake in shares of Micron Technology during the 2nd quarter worth $38,000. Finally, JNBA Financial Advisors boosted its position in Micron Technology by 77.3% during the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer's stock valued at $45,000 after purchasing an additional 17 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Stock Performance

Micron Technology stock opened at $690.00 on Monday. The stock has a 50-day moving average price of $961.59 and a 200 day moving average price of $754.99. The company has a market capitalization of $780.68 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 0.12 and a beta of 2.36. Micron Technology, Inc. has a 52 week low of $192.59 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 announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping 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% compared to the same quarter last year. During the same period last year, the firm earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts anticipate that Micron Technology, Inc. will post 175.19 EPS for the current year.

Micron Technology Dividend Announcement

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

Insider Activity

In other news, insider Scott J. Deboer sold 28,545 shares of the firm's stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $900.00, for a total value of $25,690,500.00. Following the transaction, the insider owned 147,430 shares in the company, valued at $132,687,000. This trade represents a 16.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold 83,545 shares of company stock worth $78,460,850 in the last quarter. Corporate insiders own 0.24% of the company's stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron’s latest quarter showed sharply higher sales, and its next-quarter revenue guidance reportedly exceeded Wall Street expectations. Analysts cited continued memory demand, especially for AI systems, as support for the business outlook. Why Micron Stock Is Up Today
• Positive Sentiment: Some investors and analysts view the recent selloff as excessive, pointing to Micron’s low forward valuation, customer commitments, and potential for buybacks. A separate analysis argues that U.S. DRAM production could be economically viable with government incentives and customer premiums. Micron: The Story Is Far From Being Over (Rating Upgrade)
• Neutral Sentiment: The stock’s sharp swings reflect a split outlook: robust current memory demand and results are being balanced against uncertainty about how durable AI-related spending will be. Micron Stock Rebounds After Selloff as AI Demand Risks Persist
• Negative Sentiment: Investors remain concerned that proposed restrictions on AI data centers—including permitting, power-use, and environmental rules—could delay projects and curb demand for memory chips. These fears helped drive the prior session’s steep decline. Could Micron Face Slower AI Demand From New Data Center Rules?
• Negative Sentiment: A reported pause in construction of Micron’s planned Taiwan facility, following a labor dispute, adds uncertainty around its manufacturing expansion and future capacity. Micron Plunges Amid Chip Selloff and Taiwan Plant Halt

Wall Street Analysts Forecast Growth

MU has been the subject of a number of recent research reports. New Street Research upgraded shares of Micron Technology from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $470.00 to $1,250.00 in a report on Friday, August 14th. Wedbush restated an "outperform" rating and issued a $1,400.00 price target on shares of Micron Technology in a report on Monday, September 28th. Citigroup raised their price target on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the company a "buy" rating in a report on Wednesday, September 23rd. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Micron Technology in a research note 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 given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,407.88.

About Micron Technology

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices.

Micron's products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into a global technology company with operations and customers across multiple regions.

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