Micron Technology, Inc. $MU Stock: Almanack Investment Partners LLC. Raises Position

Key Points

• Almanack Investment Partners more than doubled its Micron stake in the third quarter, adding 4,853 shares to hold 9,507 shares valued at about $10.1 million. Institutional investors collectively own 80.84% of the company.
• Micron reported quarterly EPS of $33.42 and revenue of $54.23 billion, beating analyst estimates; revenue rose 379% year over year. Analysts have a consensus “Moderate Buy” rating and an average price target of $1,407.88.
• Company insiders sold 83,545 shares worth about $78.5 million during the quarter, including sales by CEO Sanjay Mehrotra and insider Scott Deboer.

Almanack Investment Partners LLC. lifted its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 104.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,507 shares of the semiconductor manufacturer's stock after buying an additional 4,853 shares during the quarter. Micron Technology makes up 0.8% of Almanack Investment Partners LLC.'s investment portfolio, making the stock its 16th largest position. Almanack Investment Partners LLC.'s holdings in Micron Technology were worth $10,126,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Edgemoor Investment Advisors Inc. grew its position in shares of Micron Technology by 1.0% in the third quarter. Edgemoor Investment Advisors Inc. now owns 1,857 shares of the semiconductor manufacturer's stock valued at $1,977,000 after purchasing an additional 19 shares during the period. Means Investment CO. Inc. increased its stake in Micron Technology by 2.4% in the third quarter. Means Investment CO. Inc. now owns 3,956 shares of the semiconductor manufacturer's stock valued at $4,214,000 after purchasing an additional 94 shares during the last quarter. Elite Wealth Management Inc. lifted its position in Micron Technology by 19.7% during the third quarter. Elite Wealth Management Inc. now owns 237 shares of the semiconductor manufacturer's stock worth $252,000 after buying an additional 39 shares during the period. M Holdings Securities Inc. purchased a new position in Micron Technology during the third quarter worth about $5,335,000. Finally, Shepherd Financial Partners LLC boosted its stake in Micron Technology by 7.5% in the 3rd quarter. Shepherd Financial Partners LLC now owns 3,722 shares of the semiconductor manufacturer's stock worth $3,965,000 after buying an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Transactions at Micron Technology

In related news, insider Scott J. Deboer sold 28,545 shares of the firm's stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the transaction, the insider 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 is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 83,545 shares of company stock worth $78,460,850. 0.24% of the stock is currently owned by company insiders.

Micron Technology News Roundup

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

• Positive Sentiment: Micron’s latest quarter showed sharply higher sales, and its next-quarter revenue guidance reportedly exceeded Wall Street expectations. Analysts cited continued memory demand, especially for AI systems, as support for the business outlook. Why Micron Stock Is Up Today
• Positive Sentiment: Some investors and analysts view the recent selloff as excessive, pointing to Micron’s low forward valuation, customer commitments, and potential for buybacks. A separate analysis argues that U.S. DRAM production could be economically viable with government incentives and customer premiums. Micron: The Story Is Far From Being Over (Rating Upgrade)
• Neutral Sentiment: The stock’s sharp swings reflect a split outlook: robust current memory demand and results are being balanced against uncertainty about how durable AI-related spending will be. Micron Stock Rebounds After Selloff as AI Demand Risks Persist
• Negative Sentiment: Investors remain concerned that proposed restrictions on AI data centers—including permitting, power-use, and environmental rules—could delay projects and curb demand for memory chips. These fears helped drive the prior session’s steep decline. Could Micron Face Slower AI Demand From New Data Center Rules?
• Negative Sentiment: A reported pause in construction of Micron’s planned Taiwan facility, following a labor dispute, adds uncertainty around its manufacturing expansion and future capacity. Micron Plunges Amid Chip Selloff and Taiwan Plant Halt

Analyst Upgrades and Downgrades

MU has been the subject of several recent analyst reports. The Goldman Sachs Group set a $1,250.00 price target on Micron Technology in a report on Thursday, October 1st. CLSA reiterated an "outperform" rating and set a $1,700.00 price objective on shares of Micron Technology in a report on Friday, October 2nd. Wells Fargo & Company cut their price objective on shares of Micron Technology from $1,525.00 to $1,400.00 and set an "overweight" rating on the stock in a report on Wednesday, September 23rd. TD Cowen reissued a "buy" rating and issued a $1,600.00 target price on shares of Micron Technology in a research report on Thursday, October 1st. Finally, DA Davidson boosted their target price on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the company a "buy" rating in a report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and an average price target of $1,407.88.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $690.00 on Monday. Micron Technology, Inc. has a twelve month low of $192.59 and a twelve month high of $1,255.00. The stock has a market capitalization of $780.68 billion, a P/E ratio of 9.30, a PEG ratio of 0.12 and a beta of 2.36. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The business's fifty day moving average price is $961.59 and its 200 day moving average price is $754.99.

Micron Technology (NASDAQ:MU - Get Free Report) last posted 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 firm had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The firm's quarterly 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, research analysts anticipate that Micron Technology, Inc. will post 175.19 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 14th. Micron Technology's payout ratio is currently 0.81%.

Micron Technology Company Profile

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices.

Micron's products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into a global technology company with operations and customers across multiple regions.

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