Micron Technology, Inc. $MU Stock: Kapitalo Investimentos Ltda Raises Stake

Kapitalo Investimentos Ltda lifted its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 2,644.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,442 shares of the semiconductor manufacturer's stock after acquiring an additional 26,442 shares during the period. Micron Technology comprises approximately 2.1% of Kapitalo Investimentos Ltda's holdings, making the stock its 9th largest holding. Kapitalo Investimentos Ltda's holdings in Micron Technology were worth $29,229,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Denali Advisors LLC acquired a new position in Micron Technology during the 2nd quarter valued at about $7,364,000. Castleark Management LLC acquired a new stake in shares of Micron Technology in the first quarter valued at approximately $3,709,000. Oppenheimer & Co. Inc. increased its stake in shares of Micron Technology by 16.0% in the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer's stock valued at $56,006,000 after purchasing an additional 6,702 shares during the period. Legacy Wealth Management LLC MS increased its stake in shares of Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer's stock valued at $4,091,000 after purchasing an additional 1,499 shares during the period. Finally, Franklin Street Advisors Inc. NC raised its holdings in shares of Micron Technology by 2,461.4% during the second quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer's stock valued at $42,871,000 after buying an additional 35,691 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Stock Down 1.0%

MU stock opened at $896.07 on Wednesday. The firm's 50-day moving average is $987.31 and its two-hundred day moving average is $872.76. The company has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22. Micron Technology, Inc. has a 52 week low of $192.40 and a 52 week high of $1,255.00. 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 (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $31.77 by $1.65. The business had revenue of $54.23 billion during 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 was up 379.1% on a year-over-year basis. During the same period last year, the firm posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, analysts forecast that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology's dividend payout ratio is 0.81%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. HSBC boosted their price objective on Micron Technology from $1,100.00 to $1,700.00 and gave the stock a "buy" rating in a research report on Thursday, June 25th. The Goldman Sachs Group set a $1,250.00 target price on Micron Technology in a research report on Thursday, October 1st. Arete Research lifted their target price on Micron Technology from $852.00 to $1,500.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Morgan Stanley reaffirmed an "overweight" rating and set a $1,200.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. Finally, JPMorgan Chase & Co. boosted their price target on Micron Technology from $550.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, June 25th. One investment 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's stock. According to data from MarketBeat, Micron Technology presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,407.88.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron announced funding for Indium Corporation’s critical-minerals and high-purity materials processing expansion in New York. The investment, part of Micron’s planned U.S. supply-chain spending of up to $3 billion, is intended to improve access to materials needed for advanced memory production and reduce exposure to overseas supply disruptions. Micron Invests in New York Critical Minerals Processing With Indium Corporation
• Positive Sentiment: Bullish analysts continue to point to tight memory supply, rising contract prices, strong AI-related demand and a potential share repurchase program. Recent results and guidance also showed substantial revenue and earnings growth, supporting the view that Micron’s memory upcycle could extend through 2027 and beyond. Micron Stock Moves Higher: What’s Going On?
• Positive Sentiment: Some investors view MU as attractively valued relative to its earnings potential, with Wall Street highlighting its strong September-quarter performance, elevated memory prices and multiyear customer commitments as reasons for further upside. The Best Trillion-Dollar Stock to Buy Right Now, According to Wall Street
• Neutral Sentiment: Micron is scheduled to host a technology webinar on October 21, which could provide additional details on its AI-memory roadmap, manufacturing plans and demand outlook. Micron to Host Technology Webinar on Oct. 21
• Negative Sentiment: A union at Micron’s Taoyuan facility in Taiwan plans to strike on October 22 over a bonus dispute. Because Taiwan is central to Micron’s DRAM production, investors are concerned about potential disruption, costs or shipment delays. Micron Union in Taiwan to Launch Strike
• Negative Sentiment: Memory stocks remain under pressure after a broader technology selloff revived fears that AI infrastructure spending and related valuations may be unsustainable. Investors are also questioning how long Micron’s unusually high profits can last as new capacity comes online and rivals respond. Micron Stock Falls Amid Three Warning Signals
• Negative Sentiment: China’s CXMT is progressing toward server-memory production, raising longer-term competitive and pricing concerns for Micron, particularly if Chinese suppliers expand despite export restrictions. Intel Versus Micron: Exposure to CXMT

Insider Transactions at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction on Friday, August 21st. The stock was 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 in the company, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 124,424 shares of company stock valued at $116,629,966. 0.24% of the stock is currently owned by company insiders.

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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