Micron Technology, Inc. $MU Stock Sold by Lmcg Investments LLC

Lmcg Investments LLC cut its holdings in Micron Technology, Inc. (NASDAQ:MU) by 12.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,347 shares of the semiconductor manufacturer’s stock after selling 3,075 shares during the quarter. Micron Technology makes up 1.3% of Lmcg Investments LLC’s portfolio, making the stock its 21st largest position. Lmcg Investments LLC’s holdings in Micron Technology were worth $23,802,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MU. Crescent Grove Advisors LLC increased its stake in shares of Micron Technology by 10.0% in the 3rd quarter. Crescent Grove Advisors LLC now owns 4,140 shares of the semiconductor manufacturer’s stock valued at $4,410,000 after buying an additional 377 shares during the period. Obermeyer Wealth Partners increased its stake in shares of Micron Technology by 23.0% in the 3rd quarter. Obermeyer Wealth Partners now owns 310 shares of the semiconductor manufacturer’s stock valued at $330,000 after acquiring an additional 58 shares during the last quarter. Halter Ferguson Financial Inc. increased its stake in Micron Technology by 166.2% in the third quarter. Halter Ferguson Financial Inc. now owns 48,293 shares of the semiconductor manufacturer’s stock valued at $51,437,000 after purchasing an additional 30,153 shares in the last quarter. Cardinal Point Capital Management ULC increased its position in shares of Micron Technology by 6.9% in the 3rd quarter. Cardinal Point Capital Management ULC now owns 2,338 shares of the semiconductor manufacturer’s stock valued at $2,490,000 after buying an additional 150 shares in the last quarter. Finally, Oakmont Investment Advisors Inc. increased its holdings in shares of Micron Technology by 1.2% in the third quarter. Oakmont Investment Advisors Inc. now owns 11,032 shares of the semiconductor manufacturer’s stock worth $11,750,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron’s fundamental outlook remains strong. Recent results showed adjusted EPS of $33.42 and revenue of $54.23 billion, far above consensus, while management guided to approximately $61.5 billion of revenue for the next quarter. AI-related demand for high-bandwidth memory, DRAM and NAND has helped drive record profitability, with analysts expecting tight supply through at least 2027. Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
• Positive Sentiment: Wedbush said Micron’s decision to bypass the competing 4F² DRAM architecture and pursue 3D technology could preserve its manufacturing and technology advantage. New products based on the roadmap are expected to support future AI-memory demand. Micron Charts a Different Course on DRAM
• Positive Sentiment: Needham and Rosenblatt reaffirmed buy ratings with price targets of $1,650 and $1,900, respectively. These targets reflect continued confidence in memory pricing, customer commitments and Micron’s earnings growth despite the recent pullback. What’s Going On With Micron Technology Stock Thursday?
• Neutral Sentiment: Micron introduced a quarterly employee bonus tied to company profits. The program could support workforce relations, but it may also increase compensation costs during a period of intense labor and capacity investment. Micron Introduces Quarterly Employee Bonus Tied to Profits
• Negative Sentiment: Investors are questioning whether massive AI spending is sustainable, particularly as rising oil prices, inflation and borrowing costs make data-center financing more expensive. Concerns about negative free cash flow at major technology customers have intensified fears of a broader AI investment slowdown. Why Micron Stock Dropped on Thursday
• Negative Sentiment: Memory and storage shares faced concentrated selling ahead of earnings, raising concerns that Micron’s unusually high margins could eventually normalize as competitors add capacity. China’s CXMT is also advancing server-memory technology, creating a longer-term competitive risk. Memory Selloff Deepens Ahead of Earnings
• Negative Sentiment: A labor dispute at Micron’s Taoyuan, Taiwan facility created fears of production disruption, shipment delays or higher costs, even though the company has also reported progress toward agreements with Taiwan unions. Micron’s Taiwan Strike

Micron Technology Stock Down 6.3%

MU stock opened at $856.49 on Friday. The business has a 50-day simple moving average of $985.49 and a 200 day simple moving average of $880.07. The company has a market cap of $969.05 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. Micron Technology, Inc. has a 52 week low of $192.59 and a 52 week high of $1,255.00.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the prior year, the firm posted $3.03 EPS. The firm’s quarterly 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. Sell-side analysts anticipate that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Announces Dividend

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 paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s payout ratio is presently 0.81%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $1,650.00 price objective on shares of Micron Technology in a research report on Thursday. Itau BBA Securities boosted their price target on 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. Arete Research boosted their price objective on shares of Micron Technology from $852.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Morgan Stanley restated an “overweight” rating and issued a $1,200.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Daiwa Securities Group increased their price target on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the company a “buy” rating in a report on Friday, July 17th. One 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This represents a 7.28% decrease in their position. 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 stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer 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 sold a total of 83,545 shares of company stock worth $78,460,850 in the last three months. 0.24% of the stock is owned by corporate 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.