1,318 Micron Technology, Inc. $MU Shares Bought by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC grew its holdings in Micron Technology, Inc. (NASDAQ:MU) by 43.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,352 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,318 shares during the period. Lake Street Private Wealth LLC’s holdings in Micron Technology were worth $4,635,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Andar Capital Management HK Ltd raised its position in Micron Technology by 856,960.3% during the second 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 buying an additional 34,278,413 shares during the period. Primecap Management Co. CA purchased a new stake in Micron Technology in the 2nd quarter worth about $22,182,263,000. Legal & General Group Plc acquired a new stake in Micron Technology during the 2nd quarter worth about $8,402,393,000. Situational Awareness LP boosted its position in Micron Technology by 1,149.0% during the 2nd quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock worth $5,573,819,000 after acquiring an additional 5,289,124 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Micron Technology during the 2nd quarter worth about $3,761,237,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: Improved industry sentiment: A broad rebound in semiconductor stocks lifted Micron, SK Hynix and SanDisk as investors returned to AI and memory names following a sharp pullback. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Favorable supply dynamics: SK Hynix’s decision to abandon a planned U.S. IPO for its Solidigm flash-memory unit could reduce concerns about additional NAND supply entering the market, potentially benefiting Micron and SanDisk. Micron, Sandisk gain as SK Hynix scraps Solidigm IPO
• Positive Sentiment: Analyst and growth support: Erste Group raised its FY2028 EPS forecast to $201.26 from $199.05 and maintained a Buy rating. Analysts continue to point to Micron’s AI-driven HBM demand, improving margins and relatively low valuation as reasons for optimism. Micron earnings estimate update
• Neutral Sentiment: Strategic investment: Micron’s planned investment in U.S. critical-mineral processing supports its domestic supply-chain strategy, although the near-term financial impact is unclear. Micron critical-minerals investment
• Negative Sentiment: Technology execution risk: Micron’s next-generation memory architecture could improve data movement for AI processors, but placing more memory closer to computing units creates difficult cooling and heat-management challenges. Micron’s Next AI Memory Breakthrough Has a Cooling Problem
• Negative Sentiment: Insider selling and volatility: Recent filings show extensive insider selling with no reported open-market purchases, while technical commentary warns that the recovery remains fragile amid ongoing concerns about AI spending, interest rates and valuation.

Micron Technology Stock Performance

MU stock opened at $877.55 on Friday. The firm has a 50 day moving average of $983.61 and a two-hundred day moving average of $880.05. Micron Technology, Inc. has a 12 month low of $192.59 and a 12 month high of $1,255.00. The company has a market capitalization of $992.88 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 0.15 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 (NASDAQ:MU) last released its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. The business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. Micron Technology’s revenue for the quarter was up 379.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities analysts anticipate that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm 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. The ex-dividend date 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 is currently 0.81%.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction dated 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott J. Deboer sold 28,545 shares of the business’s stock in a transaction dated Friday, October 16th. The stock was 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold 83,545 shares of company stock valued at $78,460,850 over the last three months. 0.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

MU has been the topic of a number of research reports. Weiss Ratings upgraded Micron Technology from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, October 12th. Morgan Stanley reissued an “overweight” rating and issued a $1,200.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Susquehanna restated a “positive” rating on shares of Micron Technology in a report on Thursday, October 1st. William Blair set a $1,300.00 price target on shares of Micron Technology in a report on Thursday, October 1st. Finally, Citigroup boosted their price objective on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Company 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.