Sax Wealth Advisors LLC Buys 4,126 Shares of Micron Technology, Inc. $MU

Key Points

• Sax Wealth Advisors increased its Micron stake by 196.9% in the third quarter, purchasing 4,126 additional shares and bringing its total holdings to 6,222 shares valued at $6.63 million. Institutional investors collectively own 80.84% of Micron.
• Micron reported exceptionally strong quarterly results, with revenue of $54.23 billion—up 379.1% year over year—and EPS of $33.42, exceeding analyst expectations. Despite this performance, the stock fell 5.3% to $936.24 during Tuesday trading.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $1,407.88, though risks include intensifying Chinese competition, semiconductor-sector weakness and uncertainty over the sustainability of the AI-driven memory upcycle.

Sax Wealth Advisors LLC boosted its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 196.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,222 shares of the semiconductor manufacturer's stock after acquiring an additional 4,126 shares during the period. Sax Wealth Advisors LLC's holdings in Micron Technology were worth $6,627,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Andar Capital Management HK Ltd raised its stake 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 valued at $39,571,847,000 after buying an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA acquired a new position in shares of Micron Technology in the 2nd quarter worth approximately $22,182,263,000. Bank of America Corp DE increased its holdings in shares of Micron Technology by 26.6% in the 2nd quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer's stock valued at $11,744,621,000 after acquiring an additional 2,136,470 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $8,402,393,000. Finally, Wellington Management Group LLP increased its holdings in shares of Micron Technology by 28.7% in the 2nd quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer's stock valued at $5,823,556,000 after acquiring an additional 1,125,414 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Stock Down 5.3%

NASDAQ:MU traded down $52.80 during mid-day trading on Tuesday, reaching $936.24. The stock had a trading volume of 17,673,218 shares, compared to its average volume of 41,216,117. The stock has a market cap of $1.06 trillion, a P/E ratio of 12.63, a PEG ratio of 0.18 and a beta of 2.22. The business's 50 day moving average is $983.23 and its 200 day moving average is $849.12. 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 fifty-two week low of $186.25 and a fifty-two week high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $31.77 by $1.65. The firm 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 company's revenue was up 379.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, sell-side analysts predict that Micron Technology, Inc. will post 175.82 earnings per share for the current year.

Micron Technology Announces Dividend

The firm 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 is presently 0.81%.

Key Micron Technology News

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

• Positive Sentiment: Micron’s board increased its share-repurchase authorization to approximately $35.16 billion, with buybacks expected to begin soon. The program could support earnings per share and signal management’s confidence in the company’s cash-generation outlook. Micron buyback authorization
• Positive Sentiment: Rosenblatt reaffirmed a Buy rating with a $1,900 price target, while D.A. Davidson raised its target to $3,000. Bulls point to Micron’s AI-driven memory demand, long-term customer agreements and valuation near six times forward earnings. Micron analyst price target
• Positive Sentiment: The planned HBM4 ramp and higher 2027 contract prices could extend margin expansion as demand for AI data-center memory grows. However, production costs and manufacturing yields remain important execution factors. Micron HBM4 ramp-up
• Neutral Sentiment: Micron’s latest results remain exceptionally strong: quarterly revenue reached $54.23 billion, up 379% year over year, while EPS exceeded estimates. Investors are nevertheless questioning whether the memory upcycle can sustain such rapid growth.
• Negative Sentiment: CXMT reported progress on a denser “4F square” DRAM design and plans to target high-end server memory. The development threatens Micron’s most profitable segment by potentially increasing supply, pressuring pricing and weakening margins. China memory competition
• Negative Sentiment: Additional concerns include warnings that Chinese memory makers are catching up, possible Taiwan strike-related disruption and broader semiconductor-sector weakness. Reports that an Australian AI infrastructure company canceled its IPO also raised concerns about funding for future data-center projects.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MU shares. Itau BBA Securities upped their price target on Micron Technology from $1,243.78 to $1,697.09 and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price objective on Micron Technology from $550.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, June 25th. Daiwa Securities Group boosted their price target on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the stock a "buy" rating in a research report on Friday, July 17th. Mizuho raised their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the company an "outperform" rating in a research note on Thursday, October 1st. Finally, Robert W. Baird lifted their price target on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the stock an "outperform" rating in a research report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,407.88.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott Allen sold 879 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer owned 34,958 shares of the company's stock, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 95,879 shares of company stock worth $90,939,466 over the last three months. Corporate insiders own 0.24% of the company's stock.

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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