Micron Technology, Inc. $MU Shares Acquired by Fragasso Financial Advisors Inc

Key Points

• Fragasso Financial Advisors increased its Micron stake by 33.6% in the third quarter, bringing its holdings to 5,338 shares valued at approximately $5.49 million. Institutional investors and hedge funds collectively own 80.84% of Micron.
• Micron reported exceptionally strong quarterly results, with revenue rising 379% year over year to $54.23 billion and EPS of $33.42, exceeding analyst expectations. Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $1,407.88.
• Despite strong AI-driven memory demand and a planned HBM4 ramp, Micron faces risks from intensifying Chinese competition, potential supply growth, semiconductor-sector weakness and questions about the sustainability of the memory upcycle. Shares recently fell 5.4% to $935.55, while insiders sold roughly $90.9 million of stock over the quarter.

Fragasso Financial Advisors Inc boosted its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 33.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,338 shares of the semiconductor manufacturer's stock after acquiring an additional 1,343 shares during the period. Fragasso Financial Advisors Inc's holdings in Micron Technology were worth $5,493,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MU. Bullseye Investment Management LLC purchased a new stake in shares of Micron Technology in the second quarter worth about $27,000. Aventus Investment Advisors Inc. purchased a new stake in shares of Micron Technology in the third quarter valued at about $30,000. Steph & Co. purchased a new stake in Micron Technology in the 3rd quarter valued at about $31,000. Montgomery Financial Services LLC acquired a new stake in shares of Micron Technology in the second quarter valued at $38,000. Finally, JNBA Financial Advisors lifted its holdings in Micron Technology by 77.3% during the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer's stock worth $45,000 after buying an additional 17 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron’s board increased its share-repurchase authorization to approximately $35.16 billion, with buybacks expected to begin soon. The program could support earnings per share and signal management’s confidence in the company’s cash-generation outlook. Micron buyback authorization
• Positive Sentiment: Rosenblatt reaffirmed a Buy rating with a $1,900 price target, while D.A. Davidson raised its target to $3,000. Bulls point to Micron’s AI-driven memory demand, long-term customer agreements and valuation near six times forward earnings. Micron analyst price target
• Positive Sentiment: The planned HBM4 ramp and higher 2027 contract prices could extend margin expansion as demand for AI data-center memory grows. However, production costs and manufacturing yields remain important execution factors. Micron HBM4 ramp-up
• Neutral Sentiment: Micron’s latest results remain exceptionally strong: quarterly revenue reached $54.23 billion, up 379% year over year, while EPS exceeded estimates. Investors are nevertheless questioning whether the memory upcycle can sustain such rapid growth.
• Negative Sentiment: CXMT reported progress on a denser “4F square” DRAM design and plans to target high-end server memory. The development threatens Micron’s most profitable segment by potentially increasing supply, pressuring pricing and weakening margins. China memory competition
• Negative Sentiment: Additional concerns include warnings that Chinese memory makers are catching up, possible Taiwan strike-related disruption and broader semiconductor-sector weakness. Reports that an Australian AI infrastructure company canceled its IPO also raised concerns about funding for future data-center projects.

Insider Transactions at Micron Technology

In related news, CAO Scott Allen sold 879 shares of the firm's stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares of the company's stock, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction 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. The trade was a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 95,879 shares of company stock worth $90,939,466. Insiders own 0.24% of the company's stock.

Micron Technology Trading Down 5.4%

Shares of MU stock traded down $53.49 during trading hours on Tuesday, reaching $935.55. 17,673,218 shares of the stock traded hands, compared to its average volume of 41,216,117. The firm has a market capitalization of $1.06 trillion, a PE ratio of 12.63, a PEG ratio of 0.18 and a beta of 2.22. Micron Technology, Inc. has a 1-year low of $186.25 and a 1-year high of $1,255.00. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average price of $983.23 and a 200 day moving average price of $849.12.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The firm had revenue of $54.23 billion during the quarter, compared to analysts' expectations of $51.33 billion. During the same quarter last year, the firm earned $3.03 earnings per share. The business's revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities research analysts forecast that Micron Technology, Inc. will post 175.82 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Investors 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 of this dividend is Wednesday, October 14th. Micron Technology's dividend payout ratio (DPR) is currently 0.81%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MU. Needham & Company LLC reissued a "buy" rating and set a $1,650.00 target price on shares of Micron Technology in a research report on Thursday, October 1st. William Blair set a $1,300.00 price objective on Micron Technology in a report on Thursday, October 1st. Wedbush reissued an "outperform" rating and set a $1,400.00 price objective on shares of Micron Technology in a research note on Monday, September 28th. Argus cut their price target on shares of Micron Technology from $1,500.00 to $540.00 and set a "buy" rating on the stock in a research note on Thursday, June 25th. Finally, Mizuho lifted their price target on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a research note 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 assigned a Hold rating to the company's stock. According to MarketBeat, Micron Technology presently has a consensus rating of "Moderate Buy" and an average target price of $1,407.88.

Micron Technology 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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