Micron Technology, Inc. $MU Stock Bought by Capital Investment Advisors LLC

Key Points

• Capital Investment Advisors increased its Micron stake by 16.7% in the third quarter, bringing its holdings to 8,490 shares valued at approximately $9.0 million. Institutional investors collectively own 80.84% of Micron’s stock.
• Insiders have been selling shares: CEO Sanjay Mehrotra and insider Scott Deboer sold a combined 68,545 shares, while insiders sold 83,545 shares worth $78.5 million over the past three months.
• Analyst sentiment remains positive, with Micron carrying a “Moderate Buy” consensus rating and an average price target of $1,407.88. The company also exceeded quarterly EPS and revenue estimates, with revenue rising 379.1% year over year.

Capital Investment Advisors LLC increased its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 16.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,490 shares of the semiconductor manufacturer's stock after purchasing an additional 1,213 shares during the quarter. Capital Investment Advisors LLC's holdings in Micron Technology were worth $9,043,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Andar Capital Management HK Ltd increased its position in Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock worth $39,571,847,000 after buying an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA bought a new stake in shares of Micron Technology in the second quarter valued at $22,182,263,000. Bank of America Corp DE raised its stake in shares of Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer's stock valued at $11,744,621,000 after buying an additional 2,136,470 shares during the period. Legal & General Group Plc purchased a new position in shares of Micron Technology during the 2nd quarter valued at $8,402,393,000. Finally, Wellington Management Group LLP lifted its position in shares of Micron Technology by 28.7% during the 2nd quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer's stock valued at $5,823,556,000 after buying an additional 1,125,414 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Activity at Micron Technology

In related news, insider Scott J. Deboer sold 28,545 shares of the 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 sale, the insider owned 147,430 shares of the company's stock, valued at approximately $132,687,000. This represents a 16.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was 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 owned 264,503 shares of the company's stock, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 83,545 shares of company stock worth $78,460,850. 0.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. Citigroup lifted their price objective on Micron Technology from $1,150.00 to $1,300.00 and gave the stock a "buy" rating in a report on Wednesday, September 23rd. Daiwa Securities Group boosted their price objective on Micron Technology from $1,600.00 to $1,700.00 and gave the company a "buy" rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $2,000.00 price objective on shares of Micron Technology in a report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Micron Technology currently has an average rating of "Moderate Buy" and an average target price of $1,407.88.

Micron Technology Stock Up 2.5%

Micron Technology stock opened at $877.55 on Friday. The firm has a 50 day simple moving average of $983.61 and a 200 day simple moving average of $880.05. 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, Inc. has a 1-year low of $192.59 and a 1-year high of $1,255.00. The firm has a market capitalization of $992.88 billion, a price-to-earnings ratio of 11.83, a P/E/G 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 (EPS) for the quarter, topping the consensus estimate 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. 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 quarter in the prior year, the business posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, analysts predict that Micron Technology, Inc. will post 177.03 earnings per share 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 dividend yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology's payout ratio is presently 0.81%.

More Micron Technology News

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 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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