Micron Technology, Inc. $MU Stock: Brookstone Capital Management Increases Stake

Key Points

• Brookstone Capital Management increased its Micron stake by 51.6% in the third quarter, bringing its holdings to 59,878 shares valued at approximately $63.8 million. Institutional investors collectively own 80.84% of Micron’s stock.
• Micron reported quarterly earnings of $33.42 per share, beating estimates by $1.65, while revenue reached $54.23 billion, up 379.1% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,407.88.
• Insiders have been selling shares: executives sold 83,545 shares worth $78.5 million over the past quarter, while company insiders own just 0.24% of the stock.

Brookstone Capital Management boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 51.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,878 shares of the semiconductor manufacturer's stock after acquiring an additional 20,369 shares during the period. Micron Technology accounts for about 0.6% of Brookstone Capital Management's investment portfolio, making the stock its 29th largest holding. Brookstone Capital Management's holdings in Micron Technology were worth $63,777,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SeaCrest Wealth Management LLC raised its position in shares of Micron Technology by 23.0% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 7,939 shares of the semiconductor manufacturer's stock valued at $8,456,000 after purchasing an additional 1,482 shares during the period. Virtue Asset Management LLC lifted its position in Micron Technology by 2.3% during the 3rd quarter. Virtue Asset Management LLC now owns 1,115 shares of the semiconductor manufacturer's stock worth $1,187,000 after acquiring an additional 25 shares during the period. Legacy Financial Group Inc. raised its holdings in shares of Micron Technology by 62.5% during the third quarter. Legacy Financial Group Inc. now owns 580 shares of the semiconductor manufacturer's stock worth $618,000 after purchasing an additional 223 shares during the last quarter. NBT Bank N.A. acquired a new position in shares of Micron Technology in the third quarter worth about $241,000. Finally, Root Financial Partners LLC raised its position in shares of Micron Technology by 8.7% during the 3rd quarter. Root Financial Partners LLC now owns 4,257 shares of the semiconductor manufacturer's stock worth $4,534,000 after purchasing an additional 339 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

MU opened at $877.55 on Friday. Micron Technology, Inc. has a 12-month low of $192.59 and a 12-month high of $1,255.00. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $983.61 and a 200-day moving average of $880.05. The stock 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 announced 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. The company had revenue of $54.23 billion for the quarter, compared to analysts' expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business's revenue for the quarter was up 379.1% on a year-over-year basis. During the same period last year, the firm earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities research analysts expect that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction dated 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 owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott J. Deboer sold 28,545 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 147,430 shares of the company's stock, valued at approximately $132,687,000. This trade represents a 16.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 83,545 shares of company stock worth $78,460,850 over the last quarter. Company insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MU. Zacks Research upgraded shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $2,000.00 price target on shares of Micron Technology in a report on Thursday, October 1st. UBS Group reiterated a "buy" rating and issued a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. Robert W. Baird upped their target price on Micron Technology from $1,280.00 to $1,520.00 and gave the stock an "outperform" rating in a research report on Monday, September 28th. Finally, ThinkEquity restated a "buy" rating on shares of Micron Technology in a research note on Monday, August 3rd. One equities research 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 stock. According to data from MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and an average target price of $1,407.88.

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 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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