Micron Technology, Inc. $MU Stock Sold by Consolidated Investment Group LLC

Key Points

• Consolidated Investment Group cut its Micron stake by 20.2% in the third quarter, selling 16,800 shares; it retained 66,470 shares valued at about $70.8 million.
• Micron reported quarterly revenue up 379% year over year and EPS of $33.42, beating analyst estimates; customer agreements worth $32 billion were also cited as supporting earnings visibility.
• Potential headwinds include concerns that data-center project delays could weigh on AI-related memory demand and a labor dispute that paused construction at a Micron plant in Taiwan.

Consolidated Investment Group LLC decreased its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 20.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,470 shares of the semiconductor manufacturer's stock after selling 16,800 shares during the period. Micron Technology comprises 6.3% of Consolidated Investment Group LLC's investment portfolio, making the stock its 4th biggest position. Consolidated Investment Group LLC's holdings in Micron Technology were worth $70,798,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MU. Bullseye Investment Management LLC purchased a new position in shares of Micron Technology in the 2nd quarter valued at about $27,000. Aventus Investment Advisors Inc. acquired a new position in Micron Technology in the 3rd quarter worth about $30,000. Steph & Co. acquired a new position in Micron Technology in the 3rd quarter worth about $31,000. Montgomery Financial Services LLC acquired a new position in Micron Technology in the 2nd quarter worth about $38,000. Finally, JNBA Financial Advisors boosted its position in Micron Technology by 77.3% during the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer's stock worth $45,000 after purchasing an additional 17 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Memory and storage stocks recovered after a sharp post-midterm sell-off, helping lift Micron. Some investors pointed to its comparatively low earnings multiple and potential buyback capacity as reasons for optimism. Micron Technology climbs amid broad tech rally
• Positive Sentiment: Recent coverage highlighted strong fundamentals: Micron’s latest quarterly revenue rose 379% year over year, and reports cited 26 take-or-pay customer agreements representing $32 billion in commitments, which could improve earnings visibility. Micron’s take-or-pay agreements
• Neutral Sentiment: Some analysts argue that fears of memory-chip competition may be overstated, while others see Micron’s recent decline as a potentially attractive entry point. These are opinions rather than new company results. Micron stock and competition concerns
• Negative Sentiment: Investors remain concerned that local opposition and restrictions on data-center projects could slow AI infrastructure spending—and, in turn, demand for memory. Those fears helped trigger last week’s sell-off. Why Micron stock gained on Monday
• Negative Sentiment: A separate report said construction of a new Micron memory plant in Taiwan was paused amid a labor dispute. If prolonged, the delay could affect capacity plans, although the article did not quantify the potential impact. Micron Taiwan plant construction halt

Micron Technology Stock Up 6.3%

MU opened at $733.15 on Tuesday. Micron Technology, Inc. has a twelve month low of $192.59 and a twelve month high of $1,255.00. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $957.60 and a 200 day moving average price of $756.71. The company has a market cap of $829.50 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 0.14 and a beta of 2.36.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $51.33 billion. During the same period last year, the company posted $3.03 EPS. Micron Technology's quarterly revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts expect that Micron Technology, Inc. will post 175.19 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology's dividend payout ratio is presently 0.81%.

Wall Street Analyst Weigh In

Several brokerages have commented on MU. Daiwa Securities Group raised their price objective on Micron Technology from $1,600.00 to $1,700.00 and gave the company a "buy" rating in a report on Friday, July 17th. Cantor Fitzgerald restated an "overweight" rating and issued a $2,000.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Wells Fargo & Company reduced their target price on Micron Technology from $1,525.00 to $1,400.00 and set an "overweight" rating for the company in a research note on Wednesday, September 23rd. New Street Research upgraded Micron Technology from a "neutral" rating to a "buy" rating and increased their target price for the company from $470.00 to $1,250.00 in a research report on Friday, August 14th. Finally, Zacks Research upgraded Micron Technology from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,407.88.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred 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 directly owned 264,503 shares of the company's stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred 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 sale, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 83,545 shares of company stock valued at $78,460,850 over the last quarter. 0.24% of the stock is currently owned by insiders.

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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