Fulcrum Asset Management LLP Sells 751 Shares of Micron Technology, Inc. $MU

Fulcrum Asset Management LLP lessened its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 3.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 19,945 shares of the semiconductor manufacturer’s stock after selling 751 shares during the quarter. Micron Technology accounts for 1.0% of Fulcrum Asset Management LLP’s investment portfolio, making the stock its 12th biggest position. Fulcrum Asset Management LLP’s holdings in Micron Technology were worth $21,243,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MU. Andar Capital Management HK Ltd increased its position in 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 acquiring an additional 34,278,413 shares during the period. Primecap Management Co. CA bought a new stake in Micron Technology during the 2nd quarter valued at $22,182,263,000. Legal & General Group Plc bought a new stake in Micron Technology during the 2nd quarter valued at $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 position in Micron Technology during the 2nd quarter worth $3,761,237,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

More Micron Technology News

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

• Positive Sentiment: Micron’s latest quarter showed sharply higher sales, and its next-quarter revenue guidance reportedly exceeded Wall Street expectations. Analysts cited continued memory demand, especially for AI systems, as support for the business outlook. Why Micron Stock Is Up Today
• Positive Sentiment: Some investors and analysts view the recent selloff as excessive, pointing to Micron’s low forward valuation, customer commitments, and potential for buybacks. A separate analysis argues that U.S. DRAM production could be economically viable with government incentives and customer premiums. Micron: The Story Is Far From Being Over (Rating Upgrade)
• Neutral Sentiment: The stock’s sharp swings reflect a split outlook: robust current memory demand and results are being balanced against uncertainty about how durable AI-related spending will be. Micron Stock Rebounds After Selloff as AI Demand Risks Persist
• Negative Sentiment: Investors remain concerned that proposed restrictions on AI data centers—including permitting, power-use, and environmental rules—could delay projects and curb demand for memory chips. These fears helped drive the prior session’s steep decline. Could Micron Face Slower AI Demand From New Data Center Rules?
• Negative Sentiment: A reported pause in construction of Micron’s planned Taiwan facility, following a labor dispute, adds uncertainty around its manufacturing expansion and future capacity. Micron Plunges Amid Chip Selloff and Taiwan Plant Halt

Wall Street Analysts Forecast Growth

MU has been the subject of several recent analyst reports. The Goldman Sachs Group set a $1,250.00 price target on Micron Technology in a research note on Thursday, October 1st. Daiwa Securities Group raised their price target on Micron Technology from $1,600.00 to $1,700.00 and gave the company a “buy” rating in a report on Friday, July 17th. Mizuho lifted their price objective 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. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,900.00 price objective on shares of Micron Technology in a report on Thursday, October 22nd. Finally, President Capital increased their target price on shares of Micron Technology to $1,500.00 and gave the company a “buy” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Stock Performance

MU opened at $690.00 on Monday. The company has a market capitalization of $780.68 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 0.12 and a beta of 2.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. Micron Technology, Inc. has a 1-year low of $192.59 and a 1-year high of $1,255.00. The business has a 50 day moving average price of $961.59 and a two-hundred day moving average price of $754.99.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. During the same period last year, the firm earned $3.03 EPS. The firm’s revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Research analysts predict that Micron Technology, Inc. will post 175.19 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th were issued a $0.15 dividend. The ex-dividend date was Wednesday, October 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is 0.81%.

Insider Activity at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction 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 trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology 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 transaction, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $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 83,545 shares of company stock valued at $78,460,850 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

About Micron Technology

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices.

Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into a global technology company with operations and customers across multiple regions.