Hosking Partners LLP Sells 21,206 Shares of Micron Technology, Inc. $MU

Key Points

• Hosking Partners reduced its Micron stake by 11%, selling 21,206 shares and retaining 171,240 shares worth approximately $182.4 million. Micron remains the firm’s largest holding, representing about 6.3% of its portfolio.
• Micron reported strong results, with quarterly EPS of $33.42 exceeding the $31.77 consensus and revenue rising 379.1% year over year to $54.23 billion. Analysts remain broadly bullish, with 41 Buy ratings and a consensus price target of $1,407.88.
• Investor risks include substantial insider selling, a potential Taiwan union strike, and concerns that new memory capacity, Chinese competition and elevated AI-related valuations could pressure future pricing and margins.

Hosking Partners LLP reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 11.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 171,240 shares of the semiconductor manufacturer's stock after selling 21,206 shares during the quarter. Micron Technology accounts for approximately 6.3% of Hosking Partners LLP's holdings, making the stock its largest holding. Hosking Partners LLP's holdings in Micron Technology were worth $182,389,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bullseye Investment Management LLC acquired a new stake in Micron Technology in the second quarter valued at approximately $27,000. Aventus Investment Advisors Inc. purchased a new stake in shares of Micron Technology during the third quarter valued at approximately $30,000. Steph & Co. purchased a new stake in shares of Micron Technology during the third quarter valued at approximately $31,000. Montgomery Financial Services LLC acquired a new position in shares of Micron Technology during the second quarter worth $38,000. Finally, JNBA Financial Advisors lifted its position in shares of Micron Technology by 77.3% during the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer's stock worth $45,000 after purchasing an additional 17 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology News Summary

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

• Positive Sentiment: At its technology presentation, Micron highlighted progress in DRAM, high-bandwidth memory (HBM), NAND and next-generation 3D DRAM. New products planned for 2027 and growing AI-related demand reinforce the company’s position as a key supplier to data-center and high-performance-computing customers. Micron AI-era technology presentation
• Positive Sentiment: ASML said semiconductor and memory demand could exceed supply through at least 2028. That outlook supports the bullish case for continued pricing power, elevated margins and strong demand for Micron’s memory products. ASML demand outlook
• Positive Sentiment: Recent results remain a major catalyst: Micron reported $33.42 in quarterly EPS versus a $31.77 estimate, while revenue rose 379.1% year over year. Management’s next-quarter guidance and analysts’ expectations for continued supply tightness are supporting confidence in further earnings growth.
• Positive Sentiment: Micron reached a labor-management agreement with one Taiwan union, reducing some immediate disruption risk. The company also invested in U.S. indium and critical-materials processing to strengthen supplies for advanced memory manufacturing. Micron Taiwan union agreement
• Neutral Sentiment: Institutional buying and approximately $326.9 million in reported ETF inflows point to continued investor demand, although Micron’s more than 200% year-to-date rally has increased profit-taking risk. Micron ETF buying
• Negative Sentiment: A separate Taiwan union has threatened a strike over bonuses, creating a risk of higher labor costs or production delays. In addition, an insider sold 28,545 shares for about $25.7 million, while investors remain concerned that new capacity, Chinese competitor CXMT and stretched AI valuations could eventually pressure pricing and margins. Micron insider sale

Insider Transactions at Micron Technology

In other news, EVP Sumit Sadana sold 15,000 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president owned 191,021 shares of the company's stock, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Deboer sold 28,545 shares of the company's stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 123,545 shares of company stock valued at $115,750,966. Insiders own 0.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MU. BNP Paribas Exane raised their price target on shares of Micron Technology from $615.00 to $1,700.00 and gave the company an "outperform" rating in a report on Thursday, June 25th. Citigroup lifted their price target on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the stock a "buy" rating in a research note on Wednesday, September 23rd. Itau BBA Securities boosted their price objective on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. UBS Group reissued a "buy" rating and issued a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a research report on Wednesday, September 23rd. Finally, Phillip Securities raised their target price on Micron Technology from $530.00 to $1,870.00 and gave the company a "buy" rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,407.88.

Micron Technology Stock Up 2.0%

MU stock opened at $913.67 on Thursday. Micron Technology, Inc. has a twelve month low of $192.40 and a twelve month high of $1,255.00. 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 has a market capitalization of $1.03 trillion, a P/E ratio of 12.31, a PEG ratio of 0.16 and a beta of 2.22. The firm has a 50 day simple moving average of $987.36 and a 200-day simple moving average of $876.61.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly 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. The business 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%. The business's revenue was up 379.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities research analysts predict that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Micron Technology 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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