Micron Technology, Inc. $MU Stock Bought by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,200 shares of the semiconductor manufacturer's stock after buying an additional 3,400 shares during the quarter. Micron Technology accounts for 1.7% of Adams Diversified Equity Fund Inc.'s investment portfolio, making the stock its 14th biggest position. Adams Diversified Equity Fund Inc.'s holdings in Micron Technology were worth $56,664,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Andar Capital Management HK Ltd boosted its holdings 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 acquiring an additional 34,278,413 shares during the period. Primecap Management Co. CA bought a new stake in shares of Micron Technology in the second quarter worth approximately $22,182,263,000. Legal & General Group Plc purchased a new stake in Micron Technology during the 2nd quarter valued at $8,402,393,000. Situational Awareness LP increased its position in Micron Technology by 1,149.0% during the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer's stock valued at $5,573,819,000 after acquiring an additional 5,289,124 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Micron Technology in the 2nd quarter worth approximately $3,761,237,000. 80.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other 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 transaction of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares of the company's stock, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott Deboer sold 28,545 shares of the company's stock in a transaction dated 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 owned 147,430 shares in the company, valued at approximately $132,687,000. This trade represents a 16.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 83,545 shares of company stock worth $78,460,850 over the last 90 days. Corporate insiders own 0.24% of the company's stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Improved industry sentiment: A broad rebound in semiconductor stocks lifted Micron, SK Hynix and SanDisk as investors returned to AI and memory names following a sharp pullback. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Favorable supply dynamics: SK Hynix’s decision to abandon a planned U.S. IPO for its Solidigm flash-memory unit could reduce concerns about additional NAND supply entering the market, potentially benefiting Micron and SanDisk. Micron, Sandisk gain as SK Hynix scraps Solidigm IPO
• Positive Sentiment: Analyst and growth support: Erste Group raised its FY2028 EPS forecast to $201.26 from $199.05 and maintained a Buy rating. Analysts continue to point to Micron’s AI-driven HBM demand, improving margins and relatively low valuation as reasons for optimism. Micron earnings estimate update
• Neutral Sentiment: Strategic investment: Micron’s planned investment in U.S. critical-mineral processing supports its domestic supply-chain strategy, although the near-term financial impact is unclear. Micron critical-minerals investment
• Negative Sentiment: Technology execution risk: Micron’s next-generation memory architecture could improve data movement for AI processors, but placing more memory closer to computing units creates difficult cooling and heat-management challenges. Micron’s Next AI Memory Breakthrough Has a Cooling Problem
• Negative Sentiment: Insider selling and volatility: Recent filings show extensive insider selling with no reported open-market purchases, while technical commentary warns that the recovery remains fragile amid ongoing concerns about AI spending, interest rates and valuation.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $877.55 on Friday. The business's 50 day moving average price is $983.61 and its 200 day moving average price is $880.05. Micron Technology, Inc. has a one year low of $192.59 and a one year high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The company has a market cap of $992.88 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 0.15 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating the consensus estimate 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 net margin of 63.80% and a return on equity of 92.62%. The firm's revenue for the quarter was up 379.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, research analysts predict that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be issued a $0.15 dividend. 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 payout ratio is 0.81%.

Analyst Ratings Changes

Several equities analysts recently weighed in on MU shares. TD Cowen reiterated a "buy" rating and set a $1,600.00 target price on shares of Micron Technology in a research report on Thursday, October 1st. Wells Fargo & Company decreased their price objective on 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. Arete Research increased their target price on shares of Micron Technology from $852.00 to $1,500.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Mizuho lifted their price target on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the company an "outperform" rating in a research note on Thursday, October 1st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $1,900.00 price target on shares of Micron Technology in a research report on Thursday. One investment 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,407.88.

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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