Micron Technology, Inc. $MU Stock: Harbour Investments Inc. Reduces Stake

Harbour Investments Inc. reduced its stake in Micron Technology, Inc. (NASDAQ:MU) by 14.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,039 shares of the semiconductor manufacturer’s stock after selling 3,570 shares during the period. Harbour Investments Inc.’s holdings in Micron Technology were worth $22,408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MU. FDx Advisors Inc. boosted its holdings in shares of Micron Technology by 48.7% in the third quarter. FDx Advisors Inc. now owns 565 shares of the semiconductor manufacturer’s stock valued at $602,000 after acquiring an additional 185 shares in the last quarter. Pensioenfonds Rail & OV acquired a new position in shares of Micron Technology during the third quarter valued at approximately $8,121,000. Optas LLC raised its holdings in Micron Technology by 0.4% during the third quarter. Optas LLC now owns 5,461 shares of the semiconductor manufacturer’s stock worth $5,817,000 after purchasing an additional 20 shares in the last quarter. Phoenix Financial Ltd. raised its holdings in Micron Technology by 13.0% during the third quarter. Phoenix Financial Ltd. now owns 43,017 shares of the semiconductor manufacturer’s stock worth $45,818,000 after purchasing an additional 4,944 shares in the last quarter. Finally, Hansen & Associates Financial Group Inc. bought a new stake in Micron Technology during the third quarter worth approximately $275,000. 80.84% of the stock is currently owned by institutional investors.

Recent Micron Technology Headlines

Investors following MU have been watching these headlines:

• 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

Analysts Set New Price Targets

A number of research firms have weighed in on MU. Zacks Research upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Needham & Company LLC reiterated a “buy” rating and set a $1,650.00 price target on shares of Micron Technology in a research report on Thursday, October 22nd. Raymond James Financial reissued an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $470.00 to $1,250.00 in a research note on Friday, August 14th. Finally, Citigroup upped their price objective on Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,435.58.

Insider Transactions at Micron Technology

In other news, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction 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 sale, the executive vice president directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’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 sale, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 83,545 shares of company stock valued at $78,460,850 in the last three months. 0.24% of the stock is currently owned by corporate insiders.

Micron Technology Price Performance

NASDAQ:MU traded down $20.13 during trading hours on Friday, reaching $778.31. 27,749,501 shares of the company’s stock were exchanged, compared to its average volume of 30,791,856. The company has a market capitalization 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. Micron Technology, Inc. has a 12 month low of $192.59 and a 12 month high of $1,255.00. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The business’s 50-day simple moving average is $943.73 and its two-hundred day simple moving average is $764.29.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $31.77 by $1.65. The firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm’s quarterly revenue was up 379.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts expect that Micron Technology, Inc. will post 174.19 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Micron Technology Company Profile

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.