Davidson Capital Management Inc. Makes New Investment in Micron Technology, Inc. $MU

Key Points

• Davidson Capital Management initiated a Micron Technology position of 1,681 shares valued at approximately $1.79 million during the third quarter. Institutional investors collectively own 80.84% of Micron’s stock.
• Wall Street sentiment remains positive, with one Strong Buy, 41 Buy and four Hold ratings, producing a consensus “Moderate Buy” rating and an average price target of $1,407.88.
• Micron exceeded quarterly earnings and revenue expectations, reporting $33.42 in EPS and $54.23 billion in revenue, while revenue surged 379.1% year over year. However, insiders sold roughly $90.9 million of stock over the past 90 days.

Davidson Capital Management Inc. bought a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,681 shares of the semiconductor manufacturer's stock, valued at approximately $1,790,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AdvisorNet Financial Inc raised its position in shares of Micron Technology by 60.9% in the third quarter. AdvisorNet Financial Inc now owns 2,686 shares of the semiconductor manufacturer's stock worth $2,861,000 after acquiring an additional 1,017 shares during the period. Community Financial Services Group LLC purchased a new stake in shares of Micron Technology during the third quarter worth approximately $3,887,000. Weaver Capital Management LLC raised its position in shares of Micron Technology by 136.7% in the third quarter. Weaver Capital Management LLC now owns 8,968 shares of the semiconductor manufacturer's stock valued at $9,552,000 after buying an additional 5,180 shares during the last quarter. Financial Harvest LLC lifted its stake in Micron Technology by 18.8% in the 3rd quarter. Financial Harvest LLC now owns 487 shares of the semiconductor manufacturer's stock worth $518,000 after purchasing an additional 77 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Micron Technology by 1,528.1% during the third quarter. Assenagon Asset Management S.A. now owns 2,805,455 shares of the semiconductor manufacturer's stock worth $2,988,118,000 after buying an additional 2,633,136 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MU. Wedbush reissued an "outperform" rating and issued a $1,400.00 price target on shares of Micron Technology in a research note on Monday, September 28th. Raymond James Financial reaffirmed an "outperform" rating on shares of Micron Technology in a research note on Thursday, October 1st. KeyCorp reiterated an "overweight" rating on shares of Micron Technology in a research note on Thursday, October 1st. Mizuho lifted 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. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $1,500.00 target price on shares of Micron Technology in a report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,407.88.

Insider Activity

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the company's 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 completion of the sale, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Scott Allen sold 879 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. 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 ninety days. Company insiders own 0.24% of the company's stock.

Micron Technology Price Performance

MU opened at $931.24 on Friday. Micron Technology, Inc. has a 1 year low of $192.40 and a 1 year high of $1,255.00. The company's 50 day simple moving average is $985.86 and its 200 day simple moving average is $861.12. The stock has a market capitalization of $1.05 trillion, a PE ratio of 12.55, a P/E/G ratio of 0.16 and a beta of 2.22. 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 issued its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping the consensus estimate of $31.77 by $1.65. The firm had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. Micron Technology's revenue for the quarter was up 379.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, sell-side analysts expect that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be paid 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 dividend yield of 0.1%. Micron Technology's payout ratio is currently 0.81%.

More Micron Technology News

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

• Positive Sentiment: Micron’s fundamental outlook remains strong. Fiscal 2026 revenue reportedly rose 256% to $133.2 billion, while tight DRAM and HBM supply is supporting significant margin expansion. The company is also accelerating construction of new fabs in Idaho and New York to increase capacity. Prediction: This Is What $2,000 Invested in Micron Stock Today Could Be Worth by 2029
• Positive Sentiment: Micron has signed 26 strategic customer agreements with pricing frameworks, helping reduce the traditional memory cycle risk. Its diversified customer base also means no single customer represented at least 10% of fiscal 2026 revenue. Micron's Customer Contracts Just Took the Memory Cycle Off the Table
• Positive Sentiment: Analysts and commentators continue to identify MU as a buy-the-dip opportunity, citing AI-driven revenue growth, expanding margins and a lower valuation than some peers. Erste Group also raised its FY2027 earnings estimate, while Rosenblatt reaffirmed a Buy rating.
• Positive Sentiment: Elon Musk praised Micron’s approach to future memory pricing, and strong demand for AI infrastructure is expected to support high-value HBM shipments. ASML’s reported order backlog through 2030 also reinforces the long-term equipment and HBM demand outlook. ASML Just Delivered Excellent News for Micron Stock Investors
• Neutral Sentiment: Micron’s market capitalization is trailing several large companies, including Eli Lilly and Berkshire Hathaway, highlighting both the stock’s substantial rally and the possibility that investors are reassessing its valuation after recent volatility.
• Negative Sentiment: The principal overhang is China’s ChangXin Memory Technologies (CXMT), which is advancing in DDR5, LPDDR5X and server-memory products. Investors fear that Chinese competition could pressure prices and margins, although analysts note CXMT currently appears more competitive in lower-end memory than in Micron’s premium HBM products.
• Negative Sentiment: A broader AI and semiconductor sell-off, concerns about a possible memory oversupply by 2029, higher inflation and potential interest-rate increases have contributed to recent selling. Cathie Wood’s warning that memory-chip cycles remain “vicious” underscores the risk that today’s exceptional profits may not persist.

Micron Technology Company Profile

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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