Sowell Financial Services LLC Acquires 1,396 Shares of Micron Technology, Inc. $MU

Key Points

• Sowell Financial Services increased its Micron Technology stake by 9.6% in the third quarter, acquiring 1,396 shares and bringing its total holdings to 15,983 shares valued at approximately $17.0 million. Institutional investors and hedge funds own 80.84% of Micron.
• Micron reported quarterly EPS of $33.42, exceeding the $31.77 consensus estimate, while revenue surged 379.1% year over year to $54.23 billion. Strong AI-related demand, memory supply tightness and bullish analyst ratings continue to support the company’s outlook.
• Potential risks include insider selling, a possible Taiwan labor strike, increased capacity and competition from China’s CXMT, which could pressure pricing and margins despite the stock’s strong rally.

Sowell Financial Services LLC boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 9.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,983 shares of the semiconductor manufacturer's stock after acquiring an additional 1,396 shares during the period. Sowell Financial Services LLC's holdings in Micron Technology were worth $17,024,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MU. Andar Capital Management HK Ltd raised its holdings in Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock worth $39,571,847,000 after buying an additional 34,278,413 shares during the period. Primecap Management Co. CA bought a new position in Micron Technology in the second quarter valued at approximately $22,182,263,000. Bank of America Corp DE lifted its stake in Micron Technology by 26.6% in the second 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 buying an additional 2,136,470 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Micron Technology in the second quarter valued at approximately $8,402,393,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Micron Technology by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,967,065 shares of the semiconductor manufacturer's stock valued at $2,352,282,000 after buying an additional 86,488 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Stock Performance

NASDAQ MU opened at $913.67 on Thursday. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average price is $987.36 and its two-hundred day moving average price is $876.61. Micron Technology, Inc. has a 1 year low of $192.40 and a 1 year high of $1,255.00. The firm has a market capitalization of $1.03 trillion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS 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 during the quarter, compared to analysts' expectations of $51.33 billion. During the same quarter last year, the company posted $3.03 earnings per share. The company's revenue for the quarter 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. As a group, research analysts anticipate that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend 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%.

Insider Activity

In related news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the transaction, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business's 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 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 SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 123,545 shares of company stock valued at $115,750,966. 0.24% of the stock is owned by company insiders.

Micron Technology News Roundup

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

• Positive Sentiment: At its technology presentation, Micron highlighted progress in DRAM, high-bandwidth memory (HBM), NAND and next-generation 3D DRAM. New products planned for 2027 and growing AI-related demand reinforce the company’s position as a key supplier to data-center and high-performance-computing customers. Micron AI-era technology presentation
• Positive Sentiment: ASML said semiconductor and memory demand could exceed supply through at least 2028. That outlook supports the bullish case for continued pricing power, elevated margins and strong demand for Micron’s memory products. ASML demand outlook
• Positive Sentiment: Recent results remain a major catalyst: Micron reported $33.42 in quarterly EPS versus a $31.77 estimate, while revenue rose 379.1% year over year. Management’s next-quarter guidance and analysts’ expectations for continued supply tightness are supporting confidence in further earnings growth.
• Positive Sentiment: Micron reached a labor-management agreement with one Taiwan union, reducing some immediate disruption risk. The company also invested in U.S. indium and critical-materials processing to strengthen supplies for advanced memory manufacturing. Micron Taiwan union agreement
• Neutral Sentiment: Institutional buying and approximately $326.9 million in reported ETF inflows point to continued investor demand, although Micron’s more than 200% year-to-date rally has increased profit-taking risk. Micron ETF buying
• Negative Sentiment: A separate Taiwan union has threatened a strike over bonuses, creating a risk of higher labor costs or production delays. In addition, an insider sold 28,545 shares for about $25.7 million, while investors remain concerned that new capacity, Chinese competitor CXMT and stretched AI valuations could eventually pressure pricing and margins. Micron insider sale

Analyst Ratings Changes

MU has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Micron Technology from $550.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, June 25th. William Blair set a $1,300.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. TD Cowen reaffirmed a "buy" rating and issued a $1,600.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. Susquehanna reiterated a "positive" rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, Argus lowered their target price on Micron Technology from $1,500.00 to $540.00 and set a "buy" rating for the company in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,407.88.

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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