D.A. Davidson & CO. Buys 6,972 Shares of Micron Technology, Inc. $MU

D.A. Davidson & CO. increased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 12.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,312 shares of the semiconductor manufacturer’s stock after buying an additional 6,972 shares during the quarter. D.A. Davidson & CO.’s holdings in Micron Technology were worth $67,435,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Garrison Bradford & Associates Inc. bought a new position in Micron Technology in the 3rd quarter valued at about $1,183,000. BOKF NA grew its holdings in Micron Technology by 2.9% during the third quarter. BOKF NA now owns 46,353 shares of the semiconductor manufacturer’s stock worth $49,371,000 after buying an additional 1,296 shares in the last quarter. Motley Fool Asset Management LLC bought a new stake in Micron Technology during the third quarter worth $83,540,000. Hanseatic Management Services Inc. raised its position in Micron Technology by 2.6% in the 3rd quarter. Hanseatic Management Services Inc. now owns 2,275 shares of the semiconductor manufacturer’s stock valued at $2,423,000 after buying an additional 58 shares during the last quarter. Finally, DecisionPoint Financial LLC raised its position in Micron Technology by 3,157.7% in the 3rd quarter. DecisionPoint Financial LLC now owns 847 shares of the semiconductor manufacturer’s stock valued at $929,000 after buying an additional 821 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Sumit Sadana sold 15,000 shares of the business’s 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 transaction, the executive vice president directly owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 transaction of $25,690,500.00. Following the completion of the transaction, the insider directly owned 147,430 shares in the company, valued at $132,687,000. This trade represents a 16.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 83,545 shares of company stock valued at $78,460,850 in the last ninety days. 0.24% of the stock is currently owned by insiders.

Micron Technology News Roundup

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

• Positive Sentiment: SK Hynix points to sustained shortages. The South Korean memory maker reported a 632% year-over-year increase in operating profit and said its DRAM and high-bandwidth memory (HBM) capacity is effectively sold out through 2029. Management expects demand to exceed supply through 2030, a bullish read-through for Micron’s AI-focused HBM and broader DRAM businesses. Micron Stock Rises as SK Hynix Says DRAM and HBM Sold Out Through 2029
• Positive Sentiment: Micron’s own results show powerful momentum. The company recently reported quarterly revenue of $54.23 billion, up 379% from the prior year, and earnings of $33.42 per share, beating estimates. Its Q1 fiscal 2027 EPS guidance of $37.15 to $39.15 provides further evidence that the memory upcycle remains strong. Why Micron Stock Is Up Today
• Positive Sentiment: Valuation remains attractive to some investors. Articles note that Micron trades at a forward P/E below 6 after retreating from its June peak, while analysts and commentators including Jim Cramer view MU as a potential major beneficiary of the AI memory boom.
• Neutral Sentiment: Additional demand catalysts are emerging. Forecasts that robotics and physical AI could require substantially more memory support Micron’s long-term growth case, although these opportunities remain speculative and are not yet a material revenue driver.
• Negative Sentiment: Investors still face cyclical and valuation risks. Memory shortages can eventually reverse, potentially pressuring prices and profits. Micron’s recent pullback, elevated volatility, and close trading correlation with SK Hynix also leave the stock vulnerable if AI spending or supply-demand conditions weaken.

Micron Technology Stock Performance

MU stock opened at $983.23 on Thursday. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.11 trillion, a PE ratio of 13.25, a P/E/G ratio of 0.15 and a beta of 2.22. The business has a 50 day moving average of $980.53 and a 200-day moving average of $738.88. Micron Technology, Inc. has a 12-month low of $192.59 and a 12-month 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 EPS for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. The business 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%. Micron Technology’s quarterly revenue was up 379.1% compared to the same quarter last year. During the same period last year, the company posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, sell-side analysts expect that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders 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 is Wednesday, October 14th. Micron Technology’s dividend payout ratio is 0.81%.

Analyst Ratings Changes

Several brokerages have weighed in on MU. The Goldman Sachs Group set a $1,250.00 price objective on Micron Technology in a research note on Thursday, October 1st. Zacks Research upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Arete Research upped their target price 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. Wedbush reiterated an “outperform” rating and issued a $1,400.00 target price on shares of Micron Technology in a report on Monday, September 28th. Finally, Daiwa Securities Group raised 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 research report on Friday, July 17th. 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

About Micron Technology

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.