Micron Technology, Inc. $MU Shares Purchased by M & L Capital Management Ltd

Key Points

• M & L Capital Management increased its Micron stake by 30.1% in the third quarter, acquiring 12,550 additional shares for a total position worth approximately $57.8 million. Institutional investors collectively own 80.84% of Micron’s stock.
• Micron reported quarterly EPS of $33.42 and revenue of $54.23 billion, beating analyst estimates, while benefiting from strong AI-related memory demand and tight supply. Analysts maintain a broadly bullish view, with a consensus “Moderate Buy” rating and a $1,407.88 target price.
• Company insiders sold 83,545 shares worth about $78.5 million over the past 90 days, including sizable sales by the CEO and an executive vice president. Micron also declared a quarterly dividend of $0.15 per share, representing a 0.1% yield.

M & L Capital Management Ltd raised its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 30.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,313 shares of the semiconductor manufacturer's stock after acquiring an additional 12,550 shares during the quarter. Micron Technology makes up about 12.0% of M & L Capital Management Ltd's investment portfolio, making the stock its largest holding. M & L Capital Management Ltd's holdings in Micron Technology were worth $57,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MU. Generali Asset Management SPA SGR raised its stake in Micron Technology by 3.3% in the third quarter. Generali Asset Management SPA SGR now owns 60,420 shares of the semiconductor manufacturer's stock valued at $64,354,000 after buying an additional 1,936 shares during the period. Jacobsen Capital Management lifted its position in shares of Micron Technology by 0.7% in the third quarter. Jacobsen Capital Management now owns 2,492 shares of the semiconductor manufacturer's stock valued at $2,654,000 after buying an additional 17 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Micron Technology by 0.9% in the third quarter. Asset Management One Co. Ltd. now owns 534,799 shares of the semiconductor manufacturer's stock valued at $569,620,000 after buying an additional 4,645 shares during the last quarter. Investment Advisory Services Inc. TX ADV boosted its stake in shares of Micron Technology by 4.2% during the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 443 shares of the semiconductor manufacturer's stock worth $472,000 after acquiring an additional 18 shares during the period. Finally, Roman Butler Fullerton & Co. boosted its stake in shares of Micron Technology by 9.3% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 2,613 shares of the semiconductor manufacturer's stock worth $2,783,000 after acquiring an additional 223 shares during the period. Institutional investors own 80.84% of the company's stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Elon Musk predicted that humanoid robots could require enormous amounts of memory, prompting analysts to frame robotics as a potentially significant long-term volume opportunity for Micron and SK hynix. Separate forecasts suggest humanoid robots could use substantially more memory by 2030. Elon Musk Says Robots Will Need More Memory
• Positive Sentiment: Bank of America reiterated its buy rating and became more constructive on memory following meetings with industry executives. The firm believes customers are increasingly securing supply through long-term agreements, supporting pricing and visibility for Micron. Bank of America Reiterates Buy on Micron
• Positive Sentiment: Micron’s recent earnings beat and record results continue to support the bullish case. Strong AI-related high-bandwidth-memory demand, tight supply, and favorable earnings expectations have led some analysts to argue that the stock remains inexpensive relative to its growth potential. Can Micron Survive a 40% Drop in Memory Prices?
• Positive Sentiment: Micron’s new employee bonus plan may help align compensation with company performance and support retention as the business expands its AI-memory capacity. Micron Unveils a New Bonus Plan

Analyst Upgrades and Downgrades

MU has been the topic of a number of recent analyst reports. Royal Bank Of Canada reissued an "outperform" rating and set a $1,500.00 target price on shares of Micron Technology in a report on Thursday, October 1st. Wedbush restated an "outperform" rating and issued a $1,400.00 price target on shares of Micron Technology in a research note on Monday, September 28th. Raymond James Financial reaffirmed an "outperform" rating on shares of Micron Technology in a report on Thursday, October 1st. CLSA reaffirmed an "outperform" rating and set a $1,700.00 price objective on shares of Micron Technology in a research report on Friday, October 2nd. Finally, President Capital upped their price objective on shares of Micron Technology to $1,500.00 and gave the company a "buy" rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Micron Technology has a consensus rating of "Moderate Buy" and a consensus target price of $1,407.88.

Insider Buying and Selling

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares of the company's stock, valued at $178,469,010.09. This represents a 7.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 83,545 shares of company stock valued at $78,460,850. Insiders own 0.24% of the company's stock.

Micron Technology Stock Up 2.8%

Micron Technology stock opened at $928.76 on Wednesday. The company's 50-day moving average price is $979.69 and its two-hundred day moving average price is $735.60. The stock has a market cap of $1.05 trillion, a P/E ratio of 12.52 and a beta of 2.22. Micron Technology, Inc. has a twelve month low of $192.59 and a twelve month high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the prior year, the firm earned $3.03 EPS. The company's revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is 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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