Micron Technology, Inc. $MU Shares Sold by Sepio Capital LP

Sepio Capital LP decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 69.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 292 shares of the semiconductor manufacturer’s stock after selling 651 shares during the quarter. Sepio Capital LP’s holdings in Micron Technology were worth $312,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in MU. WP Advisors LLC bought a new position in Micron Technology in the 3rd quarter valued at $2,130,000. Strategic Planning Group LLC increased its holdings in shares of Micron Technology by 42.5% in the third quarter. Strategic Planning Group LLC now owns 8,557 shares of the semiconductor manufacturer’s stock valued at $9,115,000 after purchasing an additional 2,552 shares in the last quarter. Brookstone Capital Management lifted its holdings in Micron Technology by 51.6% during the 3rd quarter. Brookstone Capital Management now owns 59,878 shares of the semiconductor manufacturer’s stock worth $63,777,000 after buying an additional 20,369 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of Micron Technology by 23.0% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 7,939 shares of the semiconductor manufacturer’s stock valued at $8,456,000 after buying an additional 1,482 shares during the period. Finally, Virtue Asset Management LLC lifted its stake in shares of Micron Technology by 2.3% during the third quarter. Virtue Asset Management LLC now owns 1,115 shares of the semiconductor manufacturer’s stock valued at $1,187,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the company’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 transaction, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 83,545 shares of company stock worth $78,460,850 over the last ninety days. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MU has been the topic of several recent research reports. UBS Group restated a “buy” rating and issued a $1,625.00 price target (up from $535.00) on shares of Micron Technology in a research report on Wednesday, September 23rd. CLSA reaffirmed an “outperform” rating and set a $1,700.00 price objective on shares of Micron Technology in a research note on Friday, October 2nd. Daiwa Securities Group increased their price target on Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a report on Friday, July 17th. KeyCorp reissued an “overweight” rating on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Itau BBA Securities increased their price objective on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,407.88.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Improved industry sentiment: A broad rebound in semiconductor stocks lifted Micron, SK Hynix and SanDisk as investors returned to AI and memory names following a sharp pullback. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Favorable supply dynamics: SK Hynix’s decision to abandon a planned U.S. IPO for its Solidigm flash-memory unit could reduce concerns about additional NAND supply entering the market, potentially benefiting Micron and SanDisk. Micron, Sandisk gain as SK Hynix scraps Solidigm IPO
• Positive Sentiment: Analyst and growth support: Erste Group raised its FY2028 EPS forecast to $201.26 from $199.05 and maintained a Buy rating. Analysts continue to point to Micron’s AI-driven HBM demand, improving margins and relatively low valuation as reasons for optimism. Micron earnings estimate update
• Neutral Sentiment: Strategic investment: Micron’s planned investment in U.S. critical-mineral processing supports its domestic supply-chain strategy, although the near-term financial impact is unclear. Micron critical-minerals investment
• Negative Sentiment: Technology execution risk: Micron’s next-generation memory architecture could improve data movement for AI processors, but placing more memory closer to computing units creates difficult cooling and heat-management challenges. Micron’s Next AI Memory Breakthrough Has a Cooling Problem
• Negative Sentiment: Insider selling and volatility: Recent filings show extensive insider selling with no reported open-market purchases, while technical commentary warns that the recovery remains fragile amid ongoing concerns about AI spending, interest rates and valuation.

Micron Technology Price Performance

Shares of NASDAQ MU traded up $21.06 during trading hours on Friday, hitting $877.55. 21,158,147 shares of the stock were exchanged, compared to its average volume of 26,886,320. Micron Technology, Inc. has a 1-year low of $192.59 and a 1-year high of $1,255.00. The company has a market cap of $992.88 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.15 and a beta of 2.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The company’s fifty day simple moving average is $983.61 and its two-hundred day simple moving average is $880.05.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results 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. 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 period in the prior year, the company posted $3.03 EPS. The company’s revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, sell-side analysts predict that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently announced 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s payout ratio is presently 0.81%.

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.