Micron Technology, Inc. $MU Stock: N10 Wealth LLC Increases Stake

Key Points

• N10 Wealth LLC increased its Micron stake by 240.1% in the third quarter, purchasing 6,000 additional shares for a total of 8,499 shares valued at approximately $9.1 million. Institutional investors own 80.84% of Micron’s stock.
• Micron reported strong quarterly results, with revenue surging 379.1% year over year to $54.23 billion and EPS of $33.42, exceeding analyst estimates. AI-related high-bandwidth memory demand, tight DRAM supply, and customer agreements covering more than 75% of projected fiscal 2027 output support the growth outlook.
• Despite favorable analyst ratings and a consensus “Moderate Buy,” investors face risks from potential Chinese DRAM competition, inflation-driven pressure on technology shares, insider selling, and concerns that current results may represent a cyclical peak.

N10 Wealth LLC boosted its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 240.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,499 shares of the semiconductor manufacturer's stock after buying an additional 6,000 shares during the quarter. Micron Technology makes up 2.5% of N10 Wealth LLC's investment portfolio, making the stock its 16th largest holding. N10 Wealth LLC's holdings in Micron Technology were worth $9,052,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Andar Capital Management HK Ltd boosted its holdings in Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA bought a new stake in Micron Technology in the 2nd quarter worth about $22,182,263,000. Legal & General Group Plc purchased a new stake in Micron Technology in the 2nd quarter valued at about $8,402,393,000. Situational Awareness LP increased 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 valued at $5,573,819,000 after buying an additional 5,289,124 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Micron Technology in the 2nd quarter valued at about $3,761,237,000. 80.84% of the stock is currently owned by institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: AI-driven demand for high-bandwidth memory and tight DRAM supply continue to support Micron’s growth outlook. Analysts expect the company’s HBM4 ramp and higher 2027 contract prices to further improve margins. Micron’s HBM4 Ramp-Up
• Positive Sentiment: Micron has reportedly secured 26 strategic customer agreements, covering more than 75% of expected fiscal 2027 output. These arrangements provide greater pricing and demand visibility and may reduce the impact of the traditional memory cycle. Micron’s Customer Contracts
• Positive Sentiment: The board’s approximately $35 billion buyback authorization, upcoming dividend, and substantial cash generation provide shareholder support. Analysts at Erste Group also raised their fiscal 2027 earnings forecast, while Rosenblatt reaffirmed a Buy rating with a $1,900 price target. Micron Buyback Authorization
• Positive Sentiment: Elon Musk praised Micron’s approach to future memory pricing as more reasonable than competitors’ pricing, potentially reinforcing the company’s long-term customer relationships. Elon Musk on Micron Pricing
• Neutral Sentiment: Micron’s latest quarter showed extraordinary momentum, with revenue rising about 379% year over year to $54.23 billion and earnings exceeding estimates. However, the stock’s low forward valuation reflects investor concern that these results may represent a cyclical peak.
• Negative Sentiment: The primary catalyst for the selloff is concern that China’s ChangXin Memory Technologies (CXMT) is progressing toward a denser DRAM architecture aimed at the high-end server market. Investors fear eventual oversupply, pricing pressure, and erosion of Micron’s competitive advantage, even though commercial-scale production remains unproven. Why Memory Stocks Are Falling
• Negative Sentiment: Hotter-than-expected U.S. inflation has increased pressure on technology shares and reduced risk appetite. A potential labor dispute at Micron’s Taiwan facility, insider selling, and a $600 million patent settlement add further near-term uncertainty.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CAO Scott Allen sold 879 shares of the firm's 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 of the company's stock, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction on 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 sale, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. The trade was a 13.14% 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 sold 95,879 shares of company stock valued at $90,939,466. Company insiders own 0.24% of the company's stock.

Micron Technology Stock Performance

MU traded down $29.73 during trading on Wednesday, hitting $923.46. 15,345,189 shares of the company traded hands, compared to its average volume of 41,142,543. The firm has a market cap of $1.04 trillion, a P/E ratio of 12.44, a price-to-earnings-growth ratio of 0.17 and a beta of 2.22. The stock's fifty day moving average is $984.44 and its 200 day moving average is $853.14. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. Micron Technology, Inc. has a one year low of $187.42 and a one year high of $1,255.00.

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, topping analysts' consensus estimates of $31.77 by $1.65. The business had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm's quarterly revenue was up 379.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities analysts predict that Micron Technology, Inc. will post 175.82 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be issued 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 is 0.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MU shares. Raymond James Financial reissued an "outperform" rating on shares of Micron Technology in a research report on Thursday, October 1st. BNP Paribas Exane upped their target price on Micron Technology from $615.00 to $1,700.00 and gave the company an "outperform" rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Micron Technology in a report on Thursday, October 1st. Morgan Stanley reaffirmed an "overweight" rating and set a $1,200.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Seaport Research Partners reiterated a "buy" rating on shares of Micron Technology in a report on Friday, August 14th. One investment 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 MarketBeat.com, Micron Technology presently has a consensus rating of "Moderate Buy" and an average price target of $1,407.88.

Micron Technology 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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