2,152 Micron Technology, Inc. $MU Shares Sold by BDF Gestion

BDF Gestion cut its holdings in Micron Technology, Inc. (NASDAQ:MU) by 11.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,967 shares of the semiconductor manufacturer’s stock after selling 2,152 shares during the period. Micron Technology makes up approximately 2.5% of BDF Gestion’s investment portfolio, making the stock its 8th largest position. BDF Gestion’s holdings in Micron Technology were worth $18,072,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MU. Bullseye Investment Management LLC bought a new stake in Micron Technology in the 2nd quarter valued at about $27,000. Aventus Investment Advisors Inc. acquired a new position in shares of Micron Technology during the 3rd quarter worth approximately $30,000. Steph & Co. bought a new position in shares of Micron Technology during the third quarter worth approximately $31,000. Montgomery Financial Services LLC bought a new position in shares of Micron Technology during the second quarter worth approximately $38,000. Finally, JNBA Financial Advisors increased its holdings in shares of Micron Technology by 77.3% during the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock worth $45,000 after purchasing an additional 17 shares during the period. 80.84% of the stock is owned by institutional investors.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Memory stocks are leading a broader technology rebound as fears of an AI-spending slowdown ease. Micron shares are recovering alongside SanDisk and SK Hynix after last week’s sell-off. Memory Stocks Rally as Tech Selloff Unwinds
• Positive Sentiment: Wall Street commentary has turned more constructive, with expectations that memory prices will continue rising through at least 2027. This supports Micron’s pricing power and near-term earnings outlook. Why Micron Stock Bounced on Monday
• Positive Sentiment: Analysts and investors continue to highlight strong AI-data-center demand for Micron’s advanced DRAM and NAND products, long-term customer agreements, and substantial coverage of future shipments. Recent results also showed sharply higher revenue and operating profitability. Micron: The Undisputed King of Memory Chips
• Positive Sentiment: Micron’s scheduled technology webinar on October 21 could provide additional detail on product development, AI-related demand, and the company’s technology roadmap. Micron to Host Technology Webinar
• Neutral Sentiment: Micron remains viewed as attractively valued on current earnings, but investors are questioning how long unusually elevated memory profits can last because the industry is historically cyclical. Prediction for Micron’s Stock Price
• Negative Sentiment: A Taiwan-based Micron union voted overwhelmingly to authorize a strike. Because Taiwan is central to Micron’s DRAM production, an actual work stoppage could create operational and supply risks, although no strike has been announced. Micron Taiwan Union Strike Authorization
• Negative Sentiment: Investors remain concerned that China’s expanding memory-chip capacity could eventually increase supply and pressure Micron’s margins, particularly from 2028 onward. Micron and Chinese Memory Competition

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $1,650.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Robert W. Baird increased their price target on Micron Technology from $1,280.00 to $1,520.00 and gave the stock an “outperform” rating in a research report on Monday, September 28th. UBS Group reissued a “buy” rating and set a $1,625.00 price target (up from $535.00) on shares of Micron Technology in a research report on Wednesday, September 23rd. Erste Group Bank upgraded Micron Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. lifted their price objective on Micron Technology from $550.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,407.88.

Micron Technology Price Performance

Micron Technology stock traded up $29.10 during trading hours on Monday, reaching $907.94. 15,112,178 shares of the stock were exchanged, compared to its average volume of 41,008,609. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. Micron Technology, Inc. has a twelve month low of $192.40 and a twelve month high of $1,255.00. The company has a market cap of $1.03 trillion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 0.15 and a beta of 2.22. The stock has a 50 day moving average of $985.88 and a two-hundred day moving average of $865.04.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating the consensus estimate of $31.77 by $1.65. The company had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business’s revenue for the quarter was up 379.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities analysts expect that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Announces Dividend

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 paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a 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%.

Insider Activity at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the firm’s 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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. The trade was a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 95,879 shares of company stock valued at $90,939,466 over the last three months. 0.24% of the stock is owned by insiders.

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.