Annex Advisory Services LLC Purchases 45,078 Shares of Micron Technology, Inc. $MU

Annex Advisory Services LLC raised its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 849.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 50,382 shares of the semiconductor manufacturer's stock after purchasing an additional 45,078 shares during the period. Annex Advisory Services LLC's holdings in Micron Technology were worth $53,662,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. BostonPremier Wealth LLC raised its holdings in Micron Technology by 9.4% during the third quarter. BostonPremier Wealth LLC now owns 514 shares of the semiconductor manufacturer's stock worth $548,000 after buying an additional 44 shares during the last quarter. Franchise GP Ltd grew its holdings in shares of Micron Technology by 6.1% during the third quarter. Franchise GP Ltd now owns 14,200 shares of the semiconductor manufacturer's stock valued at $15,125,000 after buying an additional 820 shares during the last quarter. Riverbend Wealth Management LLC grew its holdings in shares of Micron Technology by 48.2% during the third quarter. Riverbend Wealth Management LLC now owns 1,064 shares of the semiconductor manufacturer's stock valued at $1,133,000 after buying an additional 346 shares during the last quarter. ACT Advisors LLC. increased its position in shares of Micron Technology by 23.9% during the third quarter. ACT Advisors LLC. now owns 560 shares of the semiconductor manufacturer's stock worth $597,000 after acquiring an additional 108 shares in the last quarter. Finally, Andrews Advisory Associates LLC increased its position in shares of Micron Technology by 29.9% during the third quarter. Andrews Advisory Associates LLC now owns 435 shares of the semiconductor manufacturer's stock worth $463,000 after acquiring an additional 100 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Micron Technology Price Performance

Micron Technology stock opened at $878.84 on Friday. Micron Technology, Inc. has a 12 month low of $192.40 and a 12 month high of $1,255.00. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The business's 50 day simple moving average is $985.88 and its 200 day simple moving average is $861.24. The company has a market cap of $994.34 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 0.16 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating 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 analyst estimates of $51.33 billion. During the same period in the prior year, the company earned $3.03 earnings per share. Micron Technology's revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. BMO Capital Markets reaffirmed an "outperform" rating on shares of Micron Technology in a research report on Thursday, October 1st. UBS Group reissued a "buy" rating and set a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. Erste Group Bank raised Micron Technology from a "hold" rating to a "buy" rating in a research note on Thursday, June 25th. HSBC raised their target price on Micron Technology from $1,100.00 to $1,700.00 and gave the company a "buy" rating in a report on Thursday, June 25th. Finally, Mizuho raised their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the company an "outperform" rating in a report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,407.88.

Insider Activity

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction that occurred 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 directly owned 264,503 shares of the company's stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the transaction, the chief accounting officer owned 34,958 shares of the company's stock, valued at $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 95,879 shares of company stock valued at $90,939,466 over the last quarter. Company 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 long-term outlook remains supported by tight memory supply and robust AI demand. Analysts and commentators point to expanding margins, pricing strength, high-bandwidth memory (HBM) growth, and management’s expectation that supply constraints could persist through 2028. Micron: Why You Should Buy Before Dec'26
• Positive Sentiment: Recent results exceeded expectations: fiscal fourth-quarter revenue reached approximately $54.2 billion, above the high end of management’s outlook, while full-year revenue reportedly rose to about $133.2 billion. Supporters also cite long-term customer agreements, price floors, potential share repurchases under Micron’s $35 billion authorization, and continued investment in U.S. manufacturing. Micron Stock Is 25% Below Its June Record
• Positive Sentiment: ASML’s comments that demand for advanced chipmaking equipment exceeds supply through 2028 are viewed as favorable for Micron, a major ASML customer developing next-generation HBM products. Micron also pledged $50 million to U.S. memory research, reinforcing its domestic technology and supply-chain strategy. ASML Just Delivered Excellent News for Micron Stock Investors
• Neutral Sentiment: Several analysts continue to describe the retreat as a potential buying opportunity, citing Micron’s valuation and earnings growth. However, bullish price targets depend on memory demand remaining strong and the current pricing cycle lasting longer than expected.
• Negative Sentiment: Investors remain concerned that CXMT’s progress in DDR5, LPDDR5X, and server memory could pressure pricing and market share, particularly in conventional memory. A possible industry oversupply later this decade adds to the cyclical risk. Memory stocks are getting hammered
• Negative Sentiment: The broader AI trade is under pressure as investors question whether data-center spending can generate adequate returns and whether highly leveraged “neocloud” companies can remain viable. Higher inflation and the prospect of additional interest-rate increases are also encouraging rotation away from expensive technology stocks.
• Negative Sentiment: One senior executive sold 6,328 Micron shares on October 14. The transaction appears isolated and is small relative to the company, but it adds a modest negative signal during an already weak trading period. Monster insider trading alert for Micron stock

About Micron Technology

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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