Micron Technology, Inc. $MU Stock: Maxi Investments CY Ltd Grows Stake

Key Points

• Maxi Investments CY Ltd increased its Micron stake by 75.9% in the third quarter, holding 20,231 shares worth approximately $21.5 million. Institutional investors collectively own 80.84% of MU.
• Analysts maintain a generally bullish view, with one Strong Buy, 41 Buy and four Hold ratings; the average price target is $1,407.88, despite Wells Fargo lowering its target to $1,400.
• Micron reported quarterly EPS of $33.42 and revenue of $54.23 billion, beating estimates, while AI-driven high-bandwidth memory demand supports growth. However, insiders have sold shares recently and bearish analysts warn that falling memory prices or weaker hyperscaler spending could pressure earnings.

Maxi Investments CY Ltd grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 75.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,231 shares of the semiconductor manufacturer's stock after purchasing an additional 8,731 shares during the quarter. Micron Technology makes up approximately 4.0% of Maxi Investments CY Ltd's investment portfolio, making the stock its 7th largest position. Maxi Investments CY Ltd's holdings in Micron Technology were worth $21,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in MU. M.E. Allison & CO. Inc. boosted its position in Micron Technology by 0.8% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer's stock valued at $1,528,000 after buying an additional 11 shares during the period. Purus Wealth Management LLC grew its stake in Micron Technology by 1.4% in the 3rd quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer's stock worth $867,000 after acquiring an additional 11 shares in the last quarter. Ables Iannone Moore & Associates Inc. increased its position in shares of Micron Technology by 5.3% during the third quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer's stock worth $252,000 after acquiring an additional 12 shares during the period. Koesten Hirschmann & Crabtree INC. increased its position in shares of Micron Technology by 5.6% during the third quarter. Koesten Hirschmann & Crabtree INC. now owns 228 shares of the semiconductor manufacturer's stock worth $243,000 after acquiring an additional 12 shares during the period. Finally, Physician Wealth Advisors Inc. raised its stake in shares of Micron Technology by 1.6% during the third quarter. Physician Wealth Advisors Inc. now owns 762 shares of the semiconductor manufacturer's stock valued at $812,000 after acquiring an additional 12 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MU shares. Wells Fargo & Company lowered their price target on Micron Technology from $1,525.00 to $1,400.00 and set an "overweight" rating for the company in a report on Wednesday, September 23rd. Phillip Securities increased their price objective on Micron Technology from $530.00 to $1,870.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. Raymond James Financial restated an "outperform" rating on shares of Micron Technology in a report on Thursday, October 1st. William Blair set a $1,300.00 target price on Micron Technology in a research report on Thursday, October 1st. Finally, 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 report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,407.88.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Bank of America became “incrementally more positive” on the memory industry after meetings with executives. The firm said customers are increasingly locking in memory supply through multiyear agreements, improving Micron’s revenue visibility and potentially reducing cyclical volatility. Micron Rises as Bank of America Gets Incrementally More Positive on Memory
• Positive Sentiment: Investors responded favorably to Micron’s defense against concerns over Chinese rival ChangXin Memory Technologies. Micron indicated that CXMT’s 4F square memory design does not currently undermine its competitive position. Micron Stock Finds Its Footing as It Pushes Back on Chinese Memory Threat
• Positive Sentiment: Recent record revenue, profit and gross margin, along with strong forward guidance, have made Micron appear inexpensive relative to its expected earnings growth. High-bandwidth memory demand from artificial-intelligence systems and persistent chip shortages are viewed as potential long-term growth drivers. Micron Just Delivered a Monster Quarter, but the Stock Is Plummeting
• Positive Sentiment: Analyst screens and investor commentary continued to highlight MU’s high profit margins, expected earnings growth and potential to become less dependent on memory-market cycles as customer contracts and AI applications expand. NVIDIA and 2 Profitable Stocks to Buy Now for Explosive Upside
• Neutral Sentiment: Reports noted that Micron’s sharp yearlong rally has been followed by significant corrections across AI-related memory and storage stocks. A potential stock split was discussed, but it would not change the company’s underlying value or fundamentals. Stock-Split Watch: Is Micron Next?
• Negative Sentiment: Bearish commentary warned that a possible 40% decline in memory prices, a peak in the current cycle and weaker hyperscaler capital spending could pressure Micron’s unusually strong earnings. Some analysts also questioned whether new supply contracts provide as much protection as expected. Micron: The New SCA Contracts Are Not As Great As You Think

Insider Activity

In other news, EVP Sumit Sadana sold 15,000 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was 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 of the company's stock, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares of the company's stock, 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. In the last three months, insiders have sold 83,545 shares of company stock worth $78,460,850. 0.24% of the stock is currently owned by company insiders.

Micron Technology Price Performance

NASDAQ MU opened at $903.70 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The firm's 50 day moving average price is $982.71 and its 200-day moving average price is $729.85. Micron Technology, Inc. has a 52-week low of $192.59 and a 52-week high of $1,255.00. The company has a market cap of $1.02 trillion, a PE ratio of 12.18, a P/E/G ratio of 0.15 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last issued 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 company had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. Micron Technology's revenue was up 379.1% compared to the same quarter last year. During the same period last year, the company posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business 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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. Micron Technology's dividend payout ratio (DPR) is 0.81%.

About Micron Technology

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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