Alta Advisers Ltd lifted its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 85.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,112 shares of the semiconductor manufacturer's stock after purchasing an additional 3,737 shares during the quarter. Micron Technology makes up 1.2% of Alta Advisers Ltd's investment portfolio, making the stock its 14th biggest holding. Alta Advisers Ltd's holdings in Micron Technology were worth $8,640,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd boosted its stake in shares of Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock worth $39,571,847,000 after buying an additional 34,278,413 shares during the period. Primecap Management Co. CA purchased a new position in shares of Micron Technology during the second quarter worth about $22,182,263,000. Bank of America Corp DE increased its position in Micron Technology by 26.6% in the 2nd quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer's stock valued at $11,744,621,000 after acquiring an additional 2,136,470 shares during the period. Legal & General Group Plc acquired a new position in Micron Technology in the 2nd quarter valued at about $8,402,393,000. Finally, Dimensional Fund Advisors LP raised its stake in Micron Technology by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,967,065 shares of the semiconductor manufacturer's stock valued at $2,352,282,000 after acquiring an additional 86,488 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.
Insider Buying and Selling at Micron Technology
In other Micron Technology news, insider Scott Deboer sold 28,545 shares of the firm'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 sale, the insider directly owned 147,430 shares of the company's stock, valued at $132,687,000. This trade represents a 16.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sumit Sadana sold 15,000 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the sale, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 83,545 shares of company stock worth $78,460,850. Corporate insiders own 0.24% of the company's stock.
More Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Several articles point to robust AI-driven demand, tight memory supply, and strong pricing as supports for Micron’s business. Some commentators view the sell-off as a potential buying opportunity, though that is an opinion rather than a change in company guidance. Article: Micron: Is the Recent Selloff a Buying Opportunity?
- Neutral Sentiment: Director Linnie M. Haynesworth plans to retire from Micron’s board at the annual shareholders meeting expected on January 14, 2027. The announcement did not include other board changes. Article: Micron Announces Board of Directors Retirement
- Negative Sentiment: Investors are concerned that proposals for tighter AI data-center rules—including zoning, energy and water requirements, and environmental reviews—could delay projects and soften future demand for memory chips. These are policy risks, not announced changes to Micron’s current customer demand. Article: Could Micron Technology Face Slower AI Demand From New Data Center Rules?
- Negative Sentiment: Reports say Micron has paused plans for a $4.5 billion Taiwan memory facility amid a labor dispute. The delay raises execution concerns for a project intended to produce DRAM and high-bandwidth memory used in AI data centers. Article: Micron Stock Falls After Report of $4.5 Billion Taiwan Pause
- Negative Sentiment: The sell-off is also part of a wider retreat in chip and technology stocks, with investors reducing exposure to AI-linked shares. Reports of Chinese rival CXMT pre-selling $1 billion in DRAM add to concerns about competition and future market share. Article: Why Micron Stock Keeps Going Down
Micron Technology Stock Down 17.5%
Micron Technology stock opened at $655.78 on Friday. Micron Technology, Inc. has a fifty-two week low of $192.59 and a fifty-two week high of $1,255.00. The firm has a market capitalization of $741.97 billion, a price-to-earnings ratio of 8.84, a price-to-earnings-growth ratio of 0.14 and a beta of 2.36. The stock's fifty day moving average is $966.51 and its two-hundred day moving average is $753.37. 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 (NASDAQ:MU - Get Free Report) last released 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 return on equity of 92.62% and a net margin of 63.80%. The business had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the previous year, the company posted $3.03 EPS. 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 predict that Micron Technology, Inc. will post 175.19 EPS for the current fiscal year.
Micron Technology Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Wednesday, October 14th. Micron Technology's dividend payout ratio is 0.81%.
Analysts Set New Price Targets
A number of research firms have weighed in on MU. Zacks Research raised Micron Technology from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Micron Technology in a report on Thursday, October 1st. Seaport Research Partners reaffirmed a "buy" rating on shares of Micron Technology in a report on Friday, August 14th. ThinkEquity reiterated a "buy" rating on shares of Micron Technology in a research report on Monday, August 3rd. Finally, Daiwa Securities Group boosted their price objective on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the company a "buy" rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Micron Technology presently has an average rating of "Moderate Buy" and a consensus price target of $1,407.88.
Read Our Latest Analysis on Micron Technology
Micron Technology Company Profile
(
Free Report)
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.
See Also
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