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

Key Points

• LexAurum Advisors increased its Micron stake by 120.7% in the third quarter, ending with 2,136 shares valued at approximately $2.275 million. Institutional investors collectively own 80.84% of Micron.
• Micron reported strong quarterly results, with revenue up 379.1% year over year to $54.23 billion and earnings of $33.42 per share, exceeding analyst expectations. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $1,407.88.
• Despite positive institutional and analyst sentiment, Micron insiders sold 95,879 shares worth about $90.9 million over the past 90 days. The stock recently traded at $904.38, up 2.9%, and the company declared a quarterly dividend of $0.15 per share.

LexAurum Advisors LLC lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 120.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,136 shares of the semiconductor manufacturer's stock after buying an additional 1,168 shares during the period. LexAurum Advisors LLC's holdings in Micron Technology were worth $2,275,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Andar Capital Management HK Ltd grew 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 valued at $39,571,847,000 after acquiring an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA acquired a new position in Micron Technology during the second quarter worth about $22,182,263,000. Legal & General Group Plc bought a new position in shares of Micron Technology in the second quarter worth about $8,402,393,000. Situational Awareness LP lifted its holdings in shares of Micron Technology by 1,149.0% in the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer's stock worth $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 second quarter worth about $3,761,237,000. 80.84% of the stock is currently owned by institutional investors.

More Micron Technology News

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

• Positive Sentiment: Investor sentiment improved across memory-chip stocks as fears of excessive AI infrastructure spending eased. Analysts continue to expect robust demand for DRAM and NAND products, with memory pricing potentially remaining strong through at least 2027. Why Micron Stock Bounced on Monday
• Positive Sentiment: Micron’s recent results showed exceptional momentum, including revenue growth of 379% year over year, strong margins and earnings above consensus. Long-term customer agreements and contracts covering a substantial portion of future shipments provide better revenue visibility than in prior memory cycles. Micron: The Undisputed King of Memory Chips
• Positive Sentiment: Several analysts view the pullback as an opportunity because Micron trades at a low multiple of forward earnings relative to its expected growth. Bullish cases cite AI data-center demand, advanced DRAM and NAND products, and the company’s strong balance sheet. Micron Looks Cheap at 5 Times Forward Earnings

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer directly owned 264,503 shares of the company's stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MU. William Blair set a $1,300.00 price target on shares of Micron Technology in a report on Thursday, October 1st. Phillip Securities upped their price objective on shares of Micron Technology from $530.00 to $1,870.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. KeyCorp reissued an "overweight" rating on shares of Micron Technology in a research note on Thursday, October 1st. Wedbush restated an "outperform" rating and issued a $1,400.00 target price on shares of Micron Technology in a research report on Monday, September 28th. Finally, Erste Group Bank upgraded shares of Micron Technology from a "hold" rating to a "buy" rating in a research report on Thursday, June 25th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,407.88.

Micron Technology Trading Up 2.9%

Micron Technology stock traded up $25.54 during trading hours on Monday, hitting $904.38. The stock had a trading volume of 16,593,160 shares, compared to its average volume of 41,020,402. The business's 50 day simple moving average is $985.88 and its 200-day simple moving average is $865.04. Micron Technology, Inc. has a one year low of $192.40 and a one year high of $1,255.00. The stock has a market cap of $1.02 trillion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 0.15 and a beta of 2.22. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping the consensus estimate of $31.77 by $1.65. The company had revenue of $54.23 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous 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, equities analysts predict that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology's dividend payout ratio 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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