Micron Technology, Inc. $MU Stock Holdings Increased by Monument Capital Management

Key Points

• Monument Capital Management increased its Micron stake by 140.4% in the third quarter to 6,190 shares valued at approximately $6.6 million. Institutional investors collectively own 80.84% of MU.
• Micron reported stronger-than-expected quarterly results, with $54.23 billion in revenue and $33.42 adjusted EPS, while substantial AI-related memory demand and committed future shipments support the bullish outlook.
• Analysts remain broadly positive, with the stock carrying a “Moderate Buy” consensus and an average price target of $1,407.88, although elevated valuation, potential labor disruptions in Taiwan and concerns about the durability of the AI-driven memory cycle remain risks.

Monument Capital Management lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 140.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,190 shares of the semiconductor manufacturer's stock after acquiring an additional 3,615 shares during the period. Micron Technology accounts for approximately 1.4% of Monument Capital Management's portfolio, making the stock its 12th biggest holding. Monument Capital Management's holdings in Micron Technology were worth $6,593,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Andar Capital Management HK Ltd lifted its holdings in Micron Technology by 856,960.3% in 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 purchasing an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA acquired a new stake in Micron Technology during the second quarter worth approximately $22,182,263,000. Legal & General Group Plc acquired a new stake in Micron Technology during the second quarter worth approximately $8,402,393,000. Situational Awareness LP grew its stake in Micron Technology by 1,149.0% in the 2nd 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 period. Finally, Canada Pension Plan Investment Board acquired a new position in Micron Technology in the 2nd quarter valued at $3,761,237,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Analyst upgrades support the bullish case. Zacks Research upgraded Micron to “Strong Buy,” while another analyst upgrade helped the stock rebound in premarket trading. DA Davidson also maintains a Buy rating and has raised its price target to a Street-high $3,000, citing a multiyear AI-related memory shortage. Micron Technology Stock Jumps After Analyst Upgrade
• Positive Sentiment: Demand visibility remains unusually strong. More than 75% of Micron’s fiscal 2027 shipments are reportedly committed, with customers already discussing 2028 allocations. AI data centers and emerging AI-agent workloads could drive additional demand for DRAM, high-bandwidth memory and NAND. The latest quarterly report showed revenue of $54.23 billion and adjusted EPS of $33.42, while fiscal Q1 2027 guidance implies another record quarter. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Neutral Sentiment: Investors remain divided over the memory cycle. Bulls argue that contracted supply and years of AI infrastructure spending could make this expansion longer and less cyclical than prior memory booms. However, Micron’s valuation has risen sharply, leaving the stock range-bound until earnings growth or further supply constraints provide a fresh catalyst. Micron Stock Is Range-Bound in Choppy AI Trade
• Negative Sentiment: AI-sector risk-off trading is weighing on MU. Reports that OpenAI’s annualized revenue fell short of expectations triggered concern about the pace and sustainability of AI spending, pressuring Micron and other AI-linked semiconductor stocks. Analysts said the reaction may reflect differences in revenue reporting rather than weaker demand, but the episode highlights the crowded nature of the trade. Micron, Nvidia and AI Chip Stocks Fall on OpenAI Revenue Concerns
• Negative Sentiment: Operational and margin concerns add pressure. Adjusted gross margin is expected to ease modestly, while workers at Micron’s Taiwan facilities overwhelmingly authorized a strike over bonus changes. No walkout has been announced, but a disruption at a major production base could affect output and costs. Investors are also watching Samsung’s slower profit growth as a warning that memory pricing momentum may eventually moderate.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MU shares. President Capital raised their price objective on Micron Technology to $1,500.00 and gave the stock a "buy" rating in a report on Friday, July 17th. New Street Research upgraded Micron Technology from a "neutral" rating to a "buy" rating and upped their target price for the company from $470.00 to $1,250.00 in a research note on Friday, August 14th. Wolfe Research set a $1,500.00 target price on Micron Technology in a research report on Thursday, June 25th. Seaport Research Partners reissued a "buy" rating on shares of Micron Technology in a research note on Friday, August 14th. Finally, Stifel Nicolaus lifted their price target on Micron Technology from $550.00 to $1,500.00 and gave the company a "buy" rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,407.88.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $1,035.84 on Friday. The business has a 50-day moving average of $975.93 and a two-hundred day moving average of $840.54. The firm has a market capitalization of $1.17 trillion, a PE ratio of 13.96, a P/E/G ratio of 0.19 and a beta of 2.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. Micron Technology, Inc. has a 12 month low of $179.61 and a 12 month high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data 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 business had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%.The company's revenue was up 379.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, research analysts forecast that Micron Technology, Inc. will post 175.82 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology's payout ratio is currently 0.81%.

Insider Transactions at Micron Technology

In related news, CAO Scott R. Allen sold 879 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the sale, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were 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 directly owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 95,879 shares of company stock valued at $90,939,466 over the last 90 days. Corporate insiders own 0.24% of the company's stock.

Micron Technology Company Profile

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.

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