Garrison Bradford & Associates Inc. Purchases New Stake in Micron Technology, Inc. $MU

Key Points

• Garrison Bradford & Associates bought 1,111 Micron shares worth approximately $1.18 million in the third quarter, making MU its 22nd-largest holding and about 1.3% of its portfolio.
• Institutional investors and hedge funds own approximately 80.84% of Micron, with several major firms—including Bank of America and Wellington Management—recently increasing their positions or initiating new stakes.
• Micron reported strong quarterly results, including $54.23 billion in revenue and $33.42 in EPS, while analysts maintain a “Moderate Buy” consensus and a $1,407.88 average price target; however, insiders have sold shares recently and the stock remains exposed to memory-market cyclicality.

Garrison Bradford & Associates Inc. bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,111 shares of the semiconductor manufacturer's stock, valued at approximately $1,183,000. Micron Technology accounts for about 1.3% of Garrison Bradford & Associates Inc.'s investment portfolio, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of MU. Andar Capital Management HK Ltd raised its holdings in shares of Micron Technology by 856,960.3% during the second 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 acquiring an additional 34,278,413 shares during the period. Primecap Management Co. CA purchased a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $22,182,263,000. Bank of America Corp DE lifted its position in shares of Micron Technology by 26.6% in the 2nd 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 Micron Technology in the 2nd quarter worth approximately $8,402,393,000. Finally, Wellington Management Group LLP grew its position in Micron Technology by 28.7% during 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. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology News Summary

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

• Positive Sentiment: SK Hynix points to sustained shortages. The South Korean memory maker reported a 632% year-over-year increase in operating profit and said its DRAM and high-bandwidth memory (HBM) capacity is effectively sold out through 2029. Management expects demand to exceed supply through 2030, a bullish read-through for Micron’s AI-focused HBM and broader DRAM businesses. Micron Stock Rises as SK Hynix Says DRAM and HBM Sold Out Through 2029
• Positive Sentiment: Micron’s own results show powerful momentum. The company recently reported quarterly revenue of $54.23 billion, up 379% from the prior year, and earnings of $33.42 per share, beating estimates. Its Q1 fiscal 2027 EPS guidance of $37.15 to $39.15 provides further evidence that the memory upcycle remains strong. Why Micron Stock Is Up Today
• Positive Sentiment: Valuation remains attractive to some investors. Articles note that Micron trades at a forward P/E below 6 after retreating from its June peak, while analysts and commentators including Jim Cramer view MU as a potential major beneficiary of the AI memory boom.
• Neutral Sentiment: Additional demand catalysts are emerging. Forecasts that robotics and physical AI could require substantially more memory support Micron’s long-term growth case, although these opportunities remain speculative and are not yet a material revenue driver.
• Negative Sentiment: Investors still face cyclical and valuation risks. Memory shortages can eventually reverse, potentially pressuring prices and profits. Micron’s recent pullback, elevated volatility, and close trading correlation with SK Hynix also leave the stock vulnerable if AI spending or supply-demand conditions weaken.

Micron Technology Stock Performance

NASDAQ:MU opened at $983.23 on Thursday. Micron Technology, Inc. has a 1 year low of $192.59 and a 1 year high of $1,255.00. The firm's fifty day simple moving average is $980.53 and its 200 day simple moving average is $738.88. 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 firm has a market capitalization of $1.11 trillion, a PE ratio of 13.25, 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 EPS for the quarter, topping the consensus estimate of $31.77 by $1.65. The firm had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business's quarterly revenue was up 379.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.03 EPS. 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 year.

Micron Technology Announces Dividend

The firm 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 $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is 0.81%.

Insiders Place Their Bets

In other news, insider Scott Deboer sold 28,545 shares of the firm's 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 owned 147,430 shares in the company, valued at approximately $132,687,000. This trade represents a 16.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the business's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 83,545 shares of company stock valued at $78,460,850 in the last three months. Company insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

MU has been the topic of several recent analyst reports. Mizuho boosted their target price on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the company an "outperform" rating in a research note on Thursday, October 1st. Itau BBA Securities boosted their price target on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. New Street Research upgraded Micron Technology from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $470.00 to $1,250.00 in a report on Friday, August 14th. Arete Research lifted their target price on shares of Micron Technology from $852.00 to $1,500.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Finally, Rosenblatt Securities restated a "buy" rating and set a $1,900.00 price target on shares of Micron Technology in a research note on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,407.88.

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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