Micron Technology, Inc. $MU Holdings Reduced by Jackson Square Capital LLC

Jackson Square Capital LLC lessened its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 13.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,705 shares of the semiconductor manufacturer’s stock after selling 12,159 shares during the period. Micron Technology comprises 12.6% of Jackson Square Capital LLC’s investment portfolio, making the stock its biggest holding. Jackson Square Capital LLC’s holdings in Micron Technology were worth $83,829,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Andar Capital Management HK Ltd lifted its position in shares of 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 purchasing an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA acquired a new position in shares of Micron Technology during the second quarter worth $22,182,263,000. Bank of America Corp DE increased its holdings 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 during the last quarter. Legal & General Group Plc purchased a new position in Micron Technology in the second quarter valued at $8,402,393,000. Finally, Dimensional Fund Advisors LP increased its holdings in 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 last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Memory stocks are leading a broader technology rebound as fears of an AI-spending slowdown ease. Micron shares are recovering alongside SanDisk and SK Hynix after last week’s sell-off. Memory Stocks Rally as Tech Selloff Unwinds
• Positive Sentiment: Wall Street commentary has turned more constructive, with expectations that memory prices will continue rising through at least 2027. This supports Micron’s pricing power and near-term earnings outlook. Why Micron Stock Bounced on Monday
• Positive Sentiment: Analysts and investors continue to highlight strong AI-data-center demand for Micron’s advanced DRAM and NAND products, long-term customer agreements, and substantial coverage of future shipments. Recent results also showed sharply higher revenue and operating profitability. Micron: The Undisputed King of Memory Chips
• Positive Sentiment: Micron’s scheduled technology webinar on October 21 could provide additional detail on product development, AI-related demand, and the company’s technology roadmap. Micron to Host Technology Webinar
• Neutral Sentiment: Micron remains viewed as attractively valued on current earnings, but investors are questioning how long unusually elevated memory profits can last because the industry is historically cyclical. Prediction for Micron’s Stock Price
• Negative Sentiment: A Taiwan-based Micron union voted overwhelmingly to authorize a strike. Because Taiwan is central to Micron’s DRAM production, an actual work stoppage could create operational and supply risks, although no strike has been announced. Micron Taiwan Union Strike Authorization
• Negative Sentiment: Investors remain concerned that China’s expanding memory-chip capacity could eventually increase supply and pressure Micron’s margins, particularly from 2028 onward. Micron and Chinese Memory Competition

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the 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 completion of the sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,879 shares of company stock valued at $90,939,466 in the last three months. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. UBS Group reaffirmed a “buy” rating and set a $1,625.00 price target (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $1,500.00 price objective on shares of Micron Technology in a report on Thursday, October 1st. Wells Fargo & Company cut their target price on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 23rd. Finally, KeyCorp restated an “overweight” rating on shares of Micron Technology in a research note on Thursday, October 1st. One equities 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Stock Up 3.3%

NASDAQ:MU traded up $28.56 during midday trading on Monday, hitting $907.40. 15,411,914 shares of the company were exchanged, compared to its average volume of 41,008,609. The company has a fifty day simple moving average of $985.88 and a 200 day simple moving average of $865.04. Micron Technology, Inc. has a fifty-two week low of $192.40 and a fifty-two week high of $1,255.00. 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 company has a market capitalization of $1.03 trillion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 0.15 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last released 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 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%. Micron Technology’s revenue for the quarter was up 379.1% on a year-over-year basis. During the same quarter in the prior year, the firm 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 anticipate that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be given a $0.15 dividend. The ex-dividend date of this dividend is 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 0.81%.

Micron Technology Profile

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.