Micron Technology, Inc. $MU Shares Purchased by Partners Wealth Management LLC

Key Points

• Partners Wealth Management LLC increased its Micron stake by 778.2% in the third quarter, ending with 2,292 shares valued at approximately $2.44 million. Institutional investors collectively own 80.84% of the company.
• Micron insiders sold 83,545 shares worth about $78.46 million over the past 90 days, while insider ownership stands at just 0.24%.
• Analysts maintain a generally bullish outlook, with Micron receiving a “Moderate Buy” consensus rating and an average price target of $1,407.88; the company also exceeded its latest earnings and revenue estimates.

Partners Wealth Management LLC lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 778.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,292 shares of the semiconductor manufacturer's stock after buying an additional 2,031 shares during the quarter. Partners Wealth Management LLC's holdings in Micron Technology were worth $2,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Bullseye Investment Management LLC purchased a new position in shares of Micron Technology during the 2nd quarter worth approximately $27,000. Aventus Investment Advisors Inc. bought a new stake in shares of Micron Technology during the third quarter valued at approximately $30,000. Steph & Co. bought a new stake in shares of Micron Technology during the third quarter valued at approximately $31,000. Montgomery Financial Services LLC bought a new stake in shares of Micron Technology during the second quarter valued at approximately $38,000. Finally, JNBA Financial Advisors grew its stake in Micron Technology by 77.3% in 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 during the period. 80.84% of the stock is owned by institutional investors.

Insider Activity at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of Micron Technology 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 transaction, the executive vice president directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott J. Deboer sold 28,545 shares of Micron Technology stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the completion of the transaction, the insider directly owned 147,430 shares of the company's stock, valued at $132,687,000. This trade represents a 16.22% 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 have sold 83,545 shares of company stock valued at $78,460,850. 0.24% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on MU. New Street Research upgraded Micron Technology from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $470.00 to $1,250.00 in a report on Friday, August 14th. Robert W. Baird boosted their target price on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the company an "outperform" rating in a report on Monday, September 28th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Micron Technology in a research report on Thursday, October 1st. William Blair set a $1,300.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. Finally, President Capital lifted their price target on shares of Micron Technology to $1,500.00 and gave the company a "buy" rating in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Micron Technology has an average rating of "Moderate Buy" and an average price target of $1,407.88.

Micron Technology News Summary

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

• Positive Sentiment: Micron’s long-term outlook remains favorable. The company has reportedly secured most of next year’s shipments through customer agreements, while multi-year take-or-pay contracts cover more than 35% of revenue through 2030 and include approximately $32 billion in customer commitments. Micron Is Trading for Less Than 6 Times Forward Earnings. Here's Why That's a Sign to Buy.
• Positive Sentiment: Analysts and financial commentators continue to view MU as attractively valued at fewer than six times forward earnings, with expectations for sustained growth as data-center, AI, and high-bandwidth-memory demand outpaces supply. Micron: Priced For A Peak That Keeps Moving Higher
• Positive Sentiment: Strong results from SK Hynix indicated that DRAM and HBM demand could remain ahead of supply through 2029 or 2030, supporting the industry’s pricing environment and Micron’s earnings potential. Micron Stock Rises as SK Hynix Says DRAM and HBM Are Sold Out

Micron Technology Stock Down 5.0%

Shares of NASDAQ:MU opened at $934.27 on Friday. The stock has a fifty day simple moving average of $980.48 and a two-hundred day simple moving average of $741.83. The stock has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.17 and a beta of 2.22. Micron Technology, Inc. has a 12-month low of $192.59 and a 12-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.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same period in the previous year, the company posted $3.03 earnings per share. The company's revenue for the quarter was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, research 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 declared a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 14th were paid a $0.15 dividend. The ex-dividend date was Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology's payout ratio is presently 0.81%.

About Micron Technology

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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