B.A. Schrock Wealth Management Inc. Acquires New Stake in Micron Technology, Inc. $MU

Key Points

• B.A. Schrock Wealth Management acquired 7,160 Micron shares worth approximately $7.86 million, making Micron 2.6% of its portfolio and its seventh-largest holding. 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. Micron also exceeded quarterly earnings and revenue estimates, reporting $33.42 in EPS and $54.23 billion in revenue, up 379.1% year over year.
• Key risks include potential competition from China’s CXMT in server DRAM, broader semiconductor-market volatility, and possible labor disruptions at Micron’s Taiwan operations.

B.A. Schrock Wealth Management Inc. bought a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,160 shares of the semiconductor manufacturer's stock, valued at approximately $7,857,000. Micron Technology makes up about 2.6% of B.A. Schrock Wealth Management Inc.'s investment portfolio, making the stock its 7th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of MU. Andar Capital Management HK Ltd grew its position in Micron Technology by 856,960.3% in 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 acquiring an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA bought a new position in Micron Technology in the second quarter valued at $22,182,263,000. Bank of America Corp DE raised its position in Micron Technology by 26.6% during the second 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 purchasing an additional 2,136,470 shares in the last quarter. Legal & General Group Plc purchased a new stake in Micron Technology during the second quarter valued at about $8,402,393,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Micron Technology by 28.7% in the 2nd quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer's stock worth $5,823,556,000 after purchasing an additional 1,125,414 shares in 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, EVP Sumit Sadana sold 15,000 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares of the company's stock, valued at $178,469,010.09. This trade represents a 7.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott Allen sold 879 shares of the business's stock in a transaction dated 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 in the company, valued at $34,958,000. The trade was a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 95,879 shares of company stock valued at $90,939,466 in the last quarter. Company insiders own 0.24% of the company's stock.

Wall Street Analysts Forecast Growth

MU has been the topic of several recent research reports. New Street Research upgraded Micron Technology from a "neutral" rating to a "buy" rating and increased their price objective for the company from $470.00 to $1,250.00 in a research report on Friday, August 14th. Morgan Stanley restated an "overweight" rating and issued a $1,200.00 target price on shares of Micron Technology in a research report on Thursday, October 1st. Robert W. Baird upped their target price on Micron Technology from $1,280.00 to $1,520.00 and gave the stock an "outperform" rating in a research note on Monday, September 28th. Weiss Ratings upgraded shares of Micron Technology from a "buy (b)" rating to a "buy (b+)" rating in a research report on Monday. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Micron Technology in a research 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,407.88.

Micron Technology Price Performance

MU opened at $914.13 on Thursday. The stock's 50 day simple moving average is $984.86 and its 200 day simple moving average is $857.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. Micron Technology, Inc. has a 1 year low of $187.42 and a 1 year high of $1,255.00. The firm has a market cap of $1.03 trillion, a price-to-earnings ratio of 12.32, a PEG ratio of 0.17 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. The firm had revenue of $54.23 billion during 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 business's revenue was up 379.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, analysts predict that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Announces Dividend

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

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Elon Musk praised Micron’s approach to future memory pricing, calling it “reasonable” and contrasting it with unnamed competitors he described as “extortionate.” The comments support Micron’s customer-focused strategy and could strengthen long-term relationships. Elon Musk Says Micron Has Been Reasonable on Future Pricing
• Positive Sentiment: Investors continue to point to Micron’s strong operating performance: fiscal fourth-quarter revenue increased 379% year over year to $54.23 billion, while earnings exceeded consensus estimates. AI demand, tight DRAM supply and expected HBM4 growth remain important upside drivers. Micron’s HBM4 Ramp-Up
• Positive Sentiment: Micron has signed 26 strategic customer agreements and secured commitments covering much of its fiscal 2027 output, improving demand visibility and reducing exposure to the traditional memory cycle. Its board also authorized roughly $35 billion in additional buybacks, while analysts at Erste Group raised their FY2027 earnings forecast. Micron’s Customer Contracts
• Neutral Sentiment: Several analysts and commentators called the selloff excessive, citing Micron’s low forward valuation, strong balance sheet, shareholder returns and long-term AI demand. However, the market remains skeptical that elevated profits can persist indefinitely.
• Negative Sentiment: The main catalyst was news that China’s ChangXin Memory Technologies (CXMT) is progressing toward a denser DRAM design aimed at server memory. Although commercial-scale production and yields remain unproven, investors fear future competition could weaken Micron’s pricing power and margins. CXMT Targets Server Memory
• Negative Sentiment: Hotter-than-expected U.S. inflation increased pressure on technology shares and contributed to a broader semiconductor selloff. Investors are also monitoring a potential labor dispute at Micron’s Taiwan operations, which could create production and delivery risks if a strike occurs. Why Memory Stocks Are Falling

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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