Atlatl Advisers LLC Sells 4,466 Shares of Micron Technology, Inc. $MU

Key Points

• Atlatl Advisers cut its Micron stake by 40.3% in the third quarter, selling 4,466 shares and retaining 6,614 shares valued at approximately $7.05 million. Institutional investors overall own 80.84% of Micron.
• Micron reported quarterly results above expectations, with EPS of $33.42 and revenue of $54.23 billion, representing 379.1% year-over-year revenue growth. The company also issued first-quarter 2027 EPS guidance of $37.15 to $39.15.
• Analyst sentiment remains bullish, with a consensus “Moderate Buy” rating and average price target of $1,407.88, although executives sold 83,545 shares worth $78.46 million over the past three months.

Atlatl Advisers LLC trimmed its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 40.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,614 shares of the semiconductor manufacturer's stock after selling 4,466 shares during the period. Micron Technology makes up approximately 1.7% of Atlatl Advisers LLC's investment portfolio, making the stock its 15th largest holding. Atlatl Advisers LLC's holdings in Micron Technology were worth $7,045,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Denali Advisors LLC acquired a new stake in shares of Micron Technology during the 2nd quarter valued at $7,364,000. Castleark Management LLC acquired a new position in shares of Micron Technology in the 1st quarter worth $3,709,000. Oppenheimer & Co. Inc. grew its holdings in shares of Micron Technology by 16.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer's stock worth $56,006,000 after acquiring an additional 6,702 shares during the last quarter. Legacy Wealth Management LLC MS grew its holdings in shares of Micron Technology by 73.3% in the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer's stock worth $4,091,000 after acquiring an additional 1,499 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC raised its position in shares of Micron Technology by 2,461.4% during the second quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer's stock worth $42,871,000 after purchasing an additional 35,691 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the business'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 transaction of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares of the company's stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 83,545 shares of company stock worth $78,460,850. 0.24% of the stock is owned by company insiders.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $877.55 on Friday. Micron Technology, Inc. has a 12 month low of $192.59 and a 12 month 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. The stock has a market cap of $992.88 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.15 and a beta of 2.22. The business has a fifty day simple moving average of $983.61 and a 200-day simple moving average of $880.05.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same period in the previous year, the firm earned $3.03 earnings per share. Micron Technology'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. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business 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 dividend yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology's dividend payout ratio (DPR) is currently 0.81%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MU shares. Morgan Stanley reiterated an "overweight" rating and issued a $1,200.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Mizuho boosted their price objective on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a report on Thursday, October 1st. Arete Research boosted their price objective on Micron Technology from $852.00 to $1,500.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. CLSA reaffirmed an "outperform" rating and set a $1,700.00 price objective on shares of Micron Technology in a research note on Friday, October 2nd. Finally, Zacks Research upgraded shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 6th. 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's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $1,407.88.

More Micron Technology News

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

• Positive Sentiment: Improved industry sentiment: A broad rebound in semiconductor stocks lifted Micron, SK Hynix and SanDisk as investors returned to AI and memory names following a sharp pullback. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Favorable supply dynamics: SK Hynix’s decision to abandon a planned U.S. IPO for its Solidigm flash-memory unit could reduce concerns about additional NAND supply entering the market, potentially benefiting Micron and SanDisk. Micron, Sandisk gain as SK Hynix scraps Solidigm IPO
• Positive Sentiment: Analyst and growth support: Erste Group raised its FY2028 EPS forecast to $201.26 from $199.05 and maintained a Buy rating. Analysts continue to point to Micron’s AI-driven HBM demand, improving margins and relatively low valuation as reasons for optimism. Micron earnings estimate update
• Neutral Sentiment: Strategic investment: Micron’s planned investment in U.S. critical-mineral processing supports its domestic supply-chain strategy, although the near-term financial impact is unclear. Micron critical-minerals investment
• Negative Sentiment: Technology execution risk: Micron’s next-generation memory architecture could improve data movement for AI processors, but placing more memory closer to computing units creates difficult cooling and heat-management challenges. Micron’s Next AI Memory Breakthrough Has a Cooling Problem
• Negative Sentiment: Insider selling and volatility: Recent filings show extensive insider selling with no reported open-market purchases, while technical commentary warns that the recovery remains fragile amid ongoing concerns about AI spending, interest rates and valuation.

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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