Elm3 Financial Group LLC Purchases 796 Shares of Micron Technology, Inc. $MU

Elm3 Financial Group LLC acquired a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) during the third quarter, Holdings Channel reports. The fund acquired 796 shares of the semiconductor manufacturer’s stock, valued at approximately $848,000.

Other hedge funds also recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd raised its stake 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 valued at $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA acquired a new position in Micron Technology in the second quarter worth about $22,182,263,000. Bank of America Corp DE increased its holdings in Micron Technology by 26.6% in the second 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 buying an additional 2,136,470 shares during the last quarter. Invesco Ltd. increased its holdings in Micron Technology by 1.6% in the fourth quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after buying an additional 155,073 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in Micron Technology during the second quarter valued at approximately $8,402,393,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Major price-target increase: D.A. Davidson raised its Micron price target to $3,000 from $2,100 while maintaining a Buy rating. Analyst Gil Luria expects AI infrastructure demand to keep memory supply constrained through 2028, implying substantial additional upside. Why is Micron stock rising on Wednesday?
• Positive Sentiment: AI demand and committed orders support the outlook: Recent coverage highlights that more than 75% of Micron’s fiscal 2027 shipments are committed, with customers already discussing 2028 allocations. Demand for high-bandwidth memory, server DRAM and data-center SSDs is helping reduce the company’s historical exposure to consumer-memory cycles. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Positive Sentiment: Record earnings reinforce momentum: Micron reported fiscal fourth-quarter revenue of $54.23 billion and adjusted EPS of $33.42, well above the prior-year results. Its fiscal first-quarter 2027 guidance calls for $60 billion–$63 billion of revenue and $37.15–$39.15 of adjusted EPS, pointing to another sequential increase. Micron’s profits surge as Meta’s AI spending accelerates
• Neutral Sentiment: Patent settlement removes litigation uncertainty but adds cost: Micron agreed to pay Netlist $600 million, including quarterly licensing payments over five years, to resolve patent disputes. The agreement provides legal clarity but creates a sizeable cash expense. Micron Technology and Netlist settle patent dispute
• Negative Sentiment: Taiwan strike threat and valuation risks remain: Workers at Micron’s Taiwan facilities authorized a strike over bonus negotiations; no walkout has been announced, but disruption could affect a major production hub. Separately, critics warn that the stock’s substantial rally assumes unusually strong memory pricing and may be vulnerable when new capacity arrives. Micron’s Taiwan union secures authorization to strike

Micron Technology Stock Performance

Shares of Micron Technology stock traded up $42.44 on Wednesday, reaching $1,088.00. 30,564,464 shares of the company were exchanged, compared to its average volume of 41,600,656. Micron Technology, Inc. has a 1-year low of $179.61 and a 1-year high of $1,255.00. The firm has a market cap of $1.23 trillion, a price-to-earnings ratio of 14.66, a P/E/G ratio of 0.19 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 50-day moving average is $972.71 and its two-hundred day moving average is $836.22.

Micron Technology (NASDAQ:MU) last issued its earnings results 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. The firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%.The firm’s revenue for the quarter was up 379.1% on a year-over-year basis. During the same period last year, the company earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, research analysts expect that Micron Technology, Inc. will post 167.29 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be issued 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 of this dividend is Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is 0.81%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Raymond James Financial reaffirmed an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Micron Technology in a report on Thursday, October 1st. Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a research note on Friday, August 7th. Susquehanna reaffirmed a “positive” rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, Mizuho boosted their target price on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, October 1st. Forty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 15,000 shares of Micron Technology 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 directly owned 191,021 shares in the company, valued at $178,469,010.09. This trade represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% 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 quarter. Company insiders own 0.24% of the company’s stock.

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.