BG Investment Services LLC Acquires 3,486 Shares of Micron Technology, Inc. $MU

Key Points

• BG Investment Services increased its Micron Technology stake by 1,320.5% in the third quarter, acquiring 3,486 additional shares and bringing its holdings to 3,750 shares valued at approximately $3.99 million.
• Institutional ownership remains high at 80.84%, with several major investors—including Andar Capital Management, Bank of America and Wellington Management—also increasing their positions.
• Analysts remain broadly bullish, assigning Micron an average “Moderate Buy” rating and a $1,407.88 target price. The company also reported quarterly earnings and revenue above expectations, supported by strong AI-related memory demand.

BG Investment Services LLC boosted its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 1,320.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,750 shares of the semiconductor manufacturer's stock after acquiring an additional 3,486 shares during the period. BG Investment Services LLC's holdings in Micron Technology were worth $3,994,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MU. Andar Capital Management HK Ltd grew its stake in shares of Micron Technology by 856,960.3% in the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock valued at $39,571,847,000 after purchasing an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA purchased a new position in Micron Technology during the 2nd quarter worth $22,182,263,000. Bank of America Corp DE boosted its holdings in shares of Micron Technology by 26.6% in 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 acquiring an additional 2,136,470 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Micron Technology during the second quarter worth about $8,402,393,000. Finally, Wellington Management Group LLP increased its stake in shares of Micron Technology by 28.7% during the second quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer's stock worth $5,823,556,000 after acquiring an additional 1,125,414 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MU has been the topic of a number of analyst reports. New Street Research raised Micron Technology from a "neutral" rating to a "buy" rating and lifted their price objective for the company 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 research note on Monday, September 28th. William Blair set a $1,300.00 price target on Micron Technology in a research note on Thursday, October 1st. ThinkEquity reaffirmed a "buy" rating on shares of Micron Technology in a report on Monday, August 3rd. Finally, Robert W. Baird increased their price objective on Micron Technology from $1,280.00 to $1,520.00 and gave the stock an "outperform" rating in a research report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,407.88.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $877.55 on Monday. 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 company's 50-day moving average price is $983.61 and its 200 day moving average price is $883.59. Micron Technology, Inc. has a 52 week low of $192.59 and a 52 week high of $1,255.00. The stock has a market cap of $992.88 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 0.15 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion during the quarter, compared to analysts' expectations of $51.33 billion. During the same quarter in the previous year, the business posted $3.03 earnings per share. The firm's quarterly 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. As a group, research analysts forecast that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Activity

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares of the company's stock, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Deboer sold 28,545 shares of the stock in a transaction on Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the sale, the insider directly owned 147,430 shares in the company, valued at approximately $132,687,000. The trade was a 16.22% 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 over the last three months. 0.24% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Micron Technology

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.

About Micron Technology

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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