473 Shares of Micron Technology, Inc. $MU Purchased by MRA Advisory Group

MRA Advisory Group purchased a new stake in Micron Technology, Inc. (NASDAQ:MU) during the third quarter, HoldingsChannel.com reports. The firm purchased 473 shares of the semiconductor manufacturer’s stock, valued at approximately $504,000.

Several other large investors have also recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd boosted its holdings in shares of Micron Technology by 856,960.3% in 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 acquiring an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA acquired a new stake in Micron Technology during the 2nd quarter valued at $22,182,263,000. Bank of America Corp DE raised its position in 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 purchasing an additional 2,136,470 shares during the last quarter. Legal & General Group Plc bought a new position in Micron Technology in the 2nd quarter valued at $8,402,393,000. Finally, Wellington Management Group LLP boosted its stake in Micron Technology by 28.7% in the second quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock worth $5,823,556,000 after purchasing an additional 1,125,414 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MU. BNP Paribas Exane raised their target price on Micron Technology from $615.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. UBS Group reissued a “buy” rating and set a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. Wolfe Research set a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 25th. Finally, DA Davidson boosted their price objective on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Wednesday. Forty-one equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: DA Davidson raised its price target to $3,000 from $2,100 and maintained a Buy rating, arguing that artificial-intelligence infrastructure could support a multiyear memory upcycle. The target is among the highest on Wall Street and is helping reinforce bullish sentiment. Why is Micron stock rising on Wednesday?
• Positive Sentiment: Tight supply and strong AI demand remain the core investment catalyst. Micron said more than 75% of fiscal 2027 shipments are committed, while customers are already discussing allocations for 2028. Demand for high-bandwidth memory, data-center DRAM and enterprise SSDs is supporting pricing power and reducing the market’s usual cyclicality. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Positive Sentiment: Micron’s latest results showed revenue of $54.23 billion and adjusted EPS of $33.42, both ahead of expectations. Fiscal first-quarter 2027 guidance calls for $60 billion-$63 billion in revenue and $37.15-$39.15 in adjusted EPS, implying another sequential increase. Zacks also added MU to its Strong Buy and momentum lists.
• Neutral Sentiment: Micron agreed to pay Netlist $600 million for a five-year patent license and settlement, resolving ongoing litigation but creating a meaningful cash expense. The deal removes legal uncertainty and may be viewed as strategically preferable to prolonged litigation. Micron Technology, Netlist Settle Patent Dispute for $600 Million
• Negative Sentiment: Workers at Micron’s Taiwan operations authorized a strike over bonus reforms. No walkout has been announced, but Taiwan accounts for a substantial portion of Micron’s production, making a disruption a potential supply and cost risk. Micron’s Taoyuan union in Taiwan secures authorisation to strike
• Negative Sentiment: Investors remain concerned that memory prices and gross margins could be nearing a cyclical peak as production expands. Michael Burry’s reported use of longer-dated put options and the broader chip-sector selloff add caution, although current demand commitments suggest any downturn may be delayed.

Micron Technology Trading Up 3.8%

Shares of NASDAQ MU traded up $39.62 during mid-day trading on Wednesday, hitting $1,085.17. The company’s stock had a trading volume of 20,847,966 shares, compared to its average volume of 41,544,824. Micron Technology, Inc. has a one year low of $179.61 and a one year high of $1,255.00. The company’s fifty day simple moving average is $965.73 and its 200-day simple moving average is $831.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The stock has a market cap of $1.23 trillion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 0.19 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping 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 business had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same period in the previous year, the firm posted $3.03 earnings per share. Micron Technology’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. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 167.29 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be paid 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%.

Insider Activity

In other news, CAO Scott Allen sold 879 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction 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 sale, the executive vice president directly owned 191,021 shares of the company’s stock, 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 have sold a total of 95,879 shares of company stock valued at $90,939,466 in the last 90 days. 0.24% of the stock is owned by company insiders.

Micron Technology Company 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.