Wavvest Wealth LLC Makes New $2.21 Million Investment in Micron Technology, Inc. $MU

Wavvest Wealth LLC bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,072 shares of the semiconductor manufacturer’s stock, valued at approximately $2,207,000. Micron Technology comprises 1.7% of Wavvest Wealth LLC’s holdings, making the stock its 16th biggest position.

Several other institutional investors also recently bought and sold shares of MU. Andar Capital Management HK Ltd boosted its stake 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 acquiring an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA acquired a new position in shares of Micron Technology during the 2nd quarter valued at about $22,182,263,000. Bank of America Corp DE increased its holdings in shares of Micron Technology by 26.6% during 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 acquiring an additional 2,136,470 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Micron Technology in the 2nd quarter valued at approximately $8,402,393,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Micron Technology by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,967,065 shares of the semiconductor manufacturer’s stock valued at $2,352,282,000 after acquiring an additional 86,488 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This represents a 7.28% 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, insider Scott J. Deboer sold 28,545 shares of the stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the completion of the sale, the insider directly owned 147,430 shares of the company’s stock, valued at $132,687,000. This represents a 16.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 123,545 shares of company stock valued at $115,750,966 in the last three months. Company insiders own 0.24% of the company’s stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: At its technology presentation, Micron highlighted progress in DRAM, high-bandwidth memory (HBM), NAND and next-generation 3D DRAM. New products planned for 2027 and growing AI-related demand reinforce the company’s position as a key supplier to data-center and high-performance-computing customers. Micron AI-era technology presentation
• Positive Sentiment: ASML said semiconductor and memory demand could exceed supply through at least 2028. That outlook supports the bullish case for continued pricing power, elevated margins and strong demand for Micron’s memory products. ASML demand outlook
• Positive Sentiment: Recent results remain a major catalyst: Micron reported $33.42 in quarterly EPS versus a $31.77 estimate, while revenue rose 379.1% year over year. Management’s next-quarter guidance and analysts’ expectations for continued supply tightness are supporting confidence in further earnings growth.
• Positive Sentiment: Micron reached a labor-management agreement with one Taiwan union, reducing some immediate disruption risk. The company also invested in U.S. indium and critical-materials processing to strengthen supplies for advanced memory manufacturing. Micron Taiwan union agreement
• Neutral Sentiment: Institutional buying and approximately $326.9 million in reported ETF inflows point to continued investor demand, although Micron’s more than 200% year-to-date rally has increased profit-taking risk. Micron ETF buying
• Negative Sentiment: A separate Taiwan union has threatened a strike over bonuses, creating a risk of higher labor costs or production delays. In addition, an insider sold 28,545 shares for about $25.7 million, while investors remain concerned that new capacity, Chinese competitor CXMT and stretched AI valuations could eventually pressure pricing and margins. Micron insider sale

Analyst Upgrades and Downgrades

MU has been the subject of several analyst reports. Citigroup boosted their target price on Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $2,000.00 price target on shares of Micron Technology in a report on Thursday, October 1st. BNP Paribas Exane increased their price target on Micron Technology from $615.00 to $1,700.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. William Blair set a $1,300.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Trading Up 2.0%

Shares of NASDAQ:MU opened at $913.67 on Thursday. 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 stock’s 50-day moving average is $987.36 and its 200-day moving average is $876.61. The company has a market cap of $1.03 trillion, a P/E ratio of 12.31, a P/E/G ratio of 0.16 and a beta of 2.22. Micron Technology, Inc. has a 52-week low of $192.40 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $51.33 billion. During the same quarter in the previous year, the firm earned $3.03 EPS. The firm’s 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. Equities research analysts predict that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be issued 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 yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) 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.