Micron Technology, Inc. $MU Shares Bought by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management increased its Micron stake by 13.3% in the third quarter, adding 4,666 shares for a total of 39,810 shares valued at $42.4 million. Institutional investors and hedge funds collectively own 80.84% of Micron.
• Micron reported quarterly EPS of $33.42 and revenue of $54.23 billion, exceeding analyst estimates, while revenue surged 379.1% year over year. AI-driven high-bandwidth memory demand and multiyear customer agreements are improving the company’s growth outlook.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $1,407.88, although risks include a potential memory-price decline, cyclical weakness and recent insider selling.

Apollon Wealth Management LLC lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 13.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,810 shares of the semiconductor manufacturer's stock after acquiring an additional 4,666 shares during the quarter. Apollon Wealth Management LLC's holdings in Micron Technology were worth $42,402,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Andar Capital Management HK Ltd boosted its stake in Micron Technology by 856,960.3% during 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 in the last quarter. Primecap Management Co. CA bought a new stake in shares of Micron Technology in the 2nd quarter worth $22,182,263,000. Bank of America Corp DE raised its stake 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 worth $11,744,621,000 after buying an additional 2,136,470 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Micron Technology in the 2nd quarter worth $8,402,393,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Micron Technology by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,967,065 shares of the semiconductor manufacturer's stock valued at $2,352,282,000 after buying an additional 86,488 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Bank of America became “incrementally more positive” on the memory industry after meetings with executives. The firm said customers are increasingly locking in memory supply through multiyear agreements, improving Micron’s revenue visibility and potentially reducing cyclical volatility. Micron Rises as Bank of America Gets Incrementally More Positive on Memory
• Positive Sentiment: Investors responded favorably to Micron’s defense against concerns over Chinese rival ChangXin Memory Technologies. Micron indicated that CXMT’s 4F square memory design does not currently undermine its competitive position. Micron Stock Finds Its Footing as It Pushes Back on Chinese Memory Threat
• Positive Sentiment: Recent record revenue, profit and gross margin, along with strong forward guidance, have made Micron appear inexpensive relative to its expected earnings growth. High-bandwidth memory demand from artificial-intelligence systems and persistent chip shortages are viewed as potential long-term growth drivers. Micron Just Delivered a Monster Quarter, but the Stock Is Plummeting
• Positive Sentiment: Analyst screens and investor commentary continued to highlight MU’s high profit margins, expected earnings growth and potential to become less dependent on memory-market cycles as customer contracts and AI applications expand. NVIDIA and 2 Profitable Stocks to Buy Now for Explosive Upside
• Neutral Sentiment: Reports noted that Micron’s sharp yearlong rally has been followed by significant corrections across AI-related memory and storage stocks. A potential stock split was discussed, but it would not change the company’s underlying value or fundamentals. Stock-Split Watch: Is Micron Next?
• Negative Sentiment: Bearish commentary warned that a possible 40% decline in memory prices, a peak in the current cycle and weaker hyperscaler capital spending could pressure Micron’s unusually strong earnings. Some analysts also questioned whether new supply contracts provide as much protection as expected. Micron: The New SCA Contracts Are Not As Great As You Think

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MU. Robert W. Baird raised their target price on Micron Technology from $1,280.00 to $1,520.00 and gave the company an "outperform" rating in a research note on Monday, September 28th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $1,500.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Wells Fargo & Company cut their price target on shares of Micron Technology from $1,525.00 to $1,400.00 and set an "overweight" rating for the company in a report on Wednesday, September 23rd. Seaport Research Partners restated a "buy" rating on shares of Micron Technology in a research report on Friday, August 14th. Finally, Phillip Securities raised their price objective on shares of Micron Technology from $530.00 to $1,870.00 and gave the company a "buy" rating in a research report 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 issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,407.88.

Micron Technology Stock Performance

MU opened at $903.70 on Tuesday. The business has a fifty day simple moving average of $982.71 and a 200-day simple moving average of $729.85. The firm has a market cap of $1.02 trillion, a PE ratio of 11.74, a P/E/G ratio of 0.15 and a beta of 2.22. Micron Technology, Inc. has a fifty-two week low of $192.59 and a fifty-two week 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.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $54.23 billion for 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 firm's revenue was up 379.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities analysts predict that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Scott J. Deboer sold 28,545 shares of the stock in a transaction on Friday, October 16th. The stock was sold at an average price of $900.00, for a total value of $25,690,500.00. Following the completion of the sale, the insider owned 147,430 shares in the company, valued at $132,687,000. This represents a 16.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the sale, the chief executive officer directly owned 264,503 shares of the company's stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 83,545 shares of company stock worth $78,460,850. Corporate insiders own 0.24% of the company's stock.

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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