Micron Technology, Inc. $MU Shares Newly Acquired by Sawyer & Company Inc

Key Points

• Sawyer & Company initiated a $15.6 million position in Micron Technology during the third quarter, making MU its fifth-largest holding at approximately 5.2% of the portfolio. Institutional investors collectively own 80.84% of the stock.
• Micron reported quarterly EPS of $33.42, beating estimates of $31.77, while revenue surged 379.1% year over year to $54.23 billion. Strong AI-related demand for DRAM and high-bandwidth memory is supporting the company’s growth outlook.
• Analysts maintain a broadly positive view, with 41 Buy ratings, one Strong Buy and four Holds, but risks include potential Taiwan labor disruptions, insider selling, increased capacity and competitive pressure from Chinese rival CXMT.

Sawyer & Company Inc purchased a new position in Micron Technology, Inc. (NASDAQ:MU - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,628 shares of the semiconductor manufacturer's stock, valued at approximately $15,580,000. Micron Technology makes up about 5.2% of Sawyer & Company Inc's investment portfolio, making the stock its 5th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bullseye Investment Management LLC bought a new position in Micron Technology during the 2nd quarter worth approximately $27,000. Aventus Investment Advisors Inc. acquired a new position in shares of Micron Technology in the 3rd quarter worth approximately $30,000. Steph & Co. acquired a new position in shares of Micron Technology in the 3rd quarter worth approximately $31,000. Montgomery Financial Services LLC bought a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $38,000. Finally, JNBA Financial Advisors increased its holdings in shares of Micron Technology by 77.3% in the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer's stock valued at $45,000 after acquiring an additional 17 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

Key Headlines Impacting Micron Technology

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MU shares. Robert W. Baird upped their price target on Micron Technology from $1,280.00 to $1,520.00 and gave the company an "outperform" rating in a research report on Monday, September 28th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $1,900.00 price objective on shares of Micron Technology in a report on Tuesday, October 13th. ThinkEquity reaffirmed a "buy" rating on shares of Micron Technology in a report on Monday, August 3rd. Wells Fargo & Company lowered their target price on shares of Micron Technology from $1,525.00 to $1,400.00 and set an "overweight" rating for the company in a research note on Wednesday, September 23rd. Finally, Daiwa Securities Group increased their target price on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the stock a "buy" rating in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,407.88.

Micron Technology Stock Up 2.0%

NASDAQ:MU opened at $913.67 on Thursday. The firm has a market capitalization of $1.03 trillion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22. The stock has a 50 day moving average of $987.36 and a 200-day moving average of $876.61. Micron Technology, Inc. has a 52 week low of $192.40 and a 52 week 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.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping analysts' consensus estimates of $31.77 by $1.65. The business had revenue of $54.23 billion for the quarter, compared to analysts' expectations of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business's quarterly revenue was up 379.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Analysts predict that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Dividend Announcement

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

Insider Buying and Selling

In other Micron Technology news, insider Scott J. Deboer sold 28,545 shares of the firm's 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 sale, the insider directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Sumit Sadana sold 15,000 shares of the firm's stock in a transaction on 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 in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 123,545 shares of company stock worth $115,750,966 in the last three months. 0.24% of the stock is owned by insiders.

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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