Micron Technology, Inc. $MU Shares Newly Acquired by Crystal Cove Asset Management LLC

Crystal Cove Asset Management LLC purchased a new stake in Micron Technology, Inc. (NASDAQ:MU) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,118 shares of the semiconductor manufacturer’s stock, valued at approximately $1,191,000. Micron Technology accounts for about 1.8% of Crystal Cove Asset Management LLC’s portfolio, making the stock its 6th biggest position.

Several other hedge funds have also recently bought and sold shares of MU. Valmark Advisers Inc. increased its stake in shares of Micron Technology by 35.0% during the third quarter. Valmark Advisers Inc. now owns 3,314 shares of the semiconductor manufacturer’s stock worth $3,530,000 after purchasing an additional 860 shares during the period. William Blair Investment Management LLC lifted its holdings in Micron Technology by 1,496.1% during the 3rd quarter. William Blair Investment Management LLC now owns 224,405 shares of the semiconductor manufacturer’s stock worth $239,016,000 after purchasing an additional 210,345 shares during the last quarter. PFC Capital Group Inc. bought a new stake in Micron Technology in the 3rd quarter valued at $580,000. Valued Retirements Inc. boosted its stake in Micron Technology by 33.0% in the 3rd quarter. Valued Retirements Inc. now owns 395 shares of the semiconductor manufacturer’s stock valued at $421,000 after purchasing an additional 98 shares during the period. Finally, Money Concepts Capital Corp boosted its stake in Micron Technology by 28.1% in the 3rd quarter. Money Concepts Capital Corp now owns 5,188 shares of the semiconductor manufacturer’s stock valued at $5,526,000 after purchasing an additional 1,137 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Trading Down 2.5%

Shares of MU stock opened at $778.31 on Friday. 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 stock has a market cap of $880.60 billion, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 0.14 and a beta of 2.36. The stock has a 50 day simple moving average of $943.73 and a 200 day simple moving average of $764.29. Micron Technology, Inc. has a 1 year low of $192.59 and a 1 year high of $1,255.00.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results 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. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the prior year, the business posted $3.03 earnings per share. The firm’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. On average, research analysts predict that Micron Technology, Inc. will post 174.19 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Transactions at Micron Technology

In other news, insider Scott Deboer sold 28,545 shares of the stock in a transaction on Friday, October 16th. The stock was sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the sale, the insider directly owned 147,430 shares of the company’s stock, valued at approximately $132,687,000. This represents a 16.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 83,545 shares of company stock valued at $78,460,850. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MU has been the topic of a number of research reports. The Goldman Sachs Group set a $1,250.00 price objective on Micron Technology in a report on Thursday, October 1st. Mizuho lifted their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Thursday, October 1st. KeyCorp reissued an “overweight” rating on shares of Micron Technology in a research report on Thursday, October 1st. Deutsche Bank reissued a “buy” rating on shares of Micron Technology in a research report on Thursday, October 1st. Finally, President Capital upped their price target on shares of Micron Technology to $1,500.00 and gave the company a “buy” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,435.58.

Top Micron Technology Stories

Investors following MU have been watching these stories:

• Positive Sentiment: Micron’s record results and strong outlook support the growth case: coverage cited roughly $61.5 billion in quarterly revenue guidance, while its latest reported quarterly sales rose about 380% year over year. AI-related demand and tight supply of high-bandwidth memory are key potential tailwinds. Micron Is Down 20% in a Month
• Positive Sentiment: ETF buying provided a modest demand signal, with 59 funds adding Micron shares and 14 selling on Wednesday, for reported net purchases of $137.7 million. ETFs Bought $137.7 Million of Micron
• Neutral Sentiment: Analysts and market commentary say a sustained recovery will depend on memory pricing and whether AI-driven demand holds up; Micron’s shares have also been unusually volatile, leaving sentiment fragile. Micron Stocks Fall as Nvidia CEO Exit Drags Memory Shares Lower

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.