Micron Technology, Inc. $MU Stock: Calamos Advisors LLC Raises Position

Calamos Advisors LLC lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 318,597 shares of the semiconductor manufacturer's stock after acquiring an additional 5,143 shares during the period. Micron Technology accounts for approximately 1.0% of Calamos Advisors LLC's portfolio, making the stock its 10th biggest holding. Calamos Advisors LLC's holdings in Micron Technology were worth $339,341,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bullseye Investment Management LLC purchased a new position in shares of Micron Technology during the second quarter valued at approximately $27,000. Aventus Investment Advisors Inc. purchased a new stake in Micron Technology in the 3rd quarter worth approximately $30,000. Steph & Co. purchased a new stake in Micron Technology in the 3rd quarter worth approximately $31,000. Montgomery Financial Services LLC acquired a new position in Micron Technology in the 2nd quarter valued at $38,000. Finally, Bfsg LLC raised its holdings in Micron Technology by 1,950.0% in the 3rd quarter. Bfsg LLC now owns 41 shares of the semiconductor manufacturer's stock valued at $44,000 after acquiring an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Trading Up 5.1%

MU stock traded up $33.61 during trading on Friday, reaching $690.00. 44,738,293 shares of the stock traded hands, compared to its average volume of 26,678,026. The firm has a market capitalization of $780.68 billion, a PE ratio of 9.30, a P/E/G ratio of 0.14 and a beta of 2.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The business's 50 day moving average price is $961.59 and its 200-day moving average price is $754.99. Micron Technology, Inc. has a 52-week low of $192.59 and a 52-week high of $1,255.00.

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 analysts' consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the prior year, the company earned $3.03 EPS. The company's revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, sell-side analysts forecast that Micron Technology, Inc. will post 175.19 earnings per share for the current year.

Micron Technology Announces Dividend

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

Insider Buying and Selling at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the firm's stock in a transaction dated 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 directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Scott Deboer sold 28,545 shares of Micron Technology stock in a transaction that occurred on Friday, October 16th. The shares were 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 in the company, valued at $132,687,000. This represents a 16.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 83,545 shares of company stock valued at $78,460,850 over the last three months. 0.24% of the stock is owned by company insiders.

Key Headlines Impacting Micron Technology

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

Wall Street Analysts Forecast Growth

MU has been the topic of several analyst reports. Weiss Ratings cut Micron Technology from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, October 27th. Zacks Research upgraded Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. DA Davidson increased their target price on Micron Technology from $2,100.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Wednesday, October 7th. New Street Research upgraded Micron Technology from a "neutral" rating to a "buy" rating and increased their target price for the stock from $470.00 to $1,250.00 in a research report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Micron Technology in a research note on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,407.88.

About Micron Technology

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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