2,194 Micron Technology, Inc. $MU Shares Purchased by RDA Financial Network

RDA Financial Network increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 45.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,990 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,194 shares during the quarter. Micron Technology accounts for about 1.6% of RDA Financial Network’s investment portfolio, making the stock its 14th largest holding. RDA Financial Network’s holdings in Micron Technology were worth $7,445,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MU. Andar Capital Management HK Ltd grew its stake 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 worth $39,571,847,000 after buying an additional 34,278,413 shares during the period. Primecap Management Co. CA acquired a new stake in shares of Micron Technology in the second quarter worth $22,182,263,000. Bank of America Corp DE increased its position in shares of Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock worth $11,744,621,000 after acquiring an additional 2,136,470 shares in the last quarter. Invesco Ltd. raised its stake in shares of Micron Technology by 1.6% in the 4th quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after acquiring an additional 155,073 shares during the period. Finally, Legal & General Group Plc purchased a new position in shares of Micron Technology in the 2nd quarter valued at $8,402,393,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MU. BNP Paribas Exane lifted their target price on shares of Micron Technology from $615.00 to $1,700.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. ThinkEquity reaffirmed a “buy” rating on shares of Micron Technology in a research report on Monday, August 3rd. KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a report on Thursday, October 1st. New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and raised their price objective for the company from $470.00 to $1,250.00 in a research report on Friday, August 14th. Finally, Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Micron Technology presently has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Insiders Place Their Bets

In other 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 sale, the executive vice president directly owned 191,021 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,879 shares of company stock worth $90,939,466 in the last quarter. 0.24% of the stock is owned by corporate insiders.

Micron Technology Stock Up 1.9%

Shares of NASDAQ:MU opened at $931.24 on Friday. The company has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22. The company has a 50 day moving average of $985.86 and a two-hundred day moving average of $861.12. Micron Technology, Inc. has a 52-week low of $192.40 and a 52-week high of $1,255.00. 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 posted its 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 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 posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, analysts forecast that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders 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 payout ratio is currently 0.81%.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron’s fundamental outlook remains strong. Fiscal 2026 revenue reportedly rose 256% to $133.2 billion, while tight DRAM and HBM supply is supporting significant margin expansion. The company is also accelerating construction of new fabs in Idaho and New York to increase capacity. Prediction: This Is What $2,000 Invested in Micron Stock Today Could Be Worth by 2029
• Positive Sentiment: Micron has signed 26 strategic customer agreements with pricing frameworks, helping reduce the traditional memory cycle risk. Its diversified customer base also means no single customer represented at least 10% of fiscal 2026 revenue. Micron’s Customer Contracts Just Took the Memory Cycle Off the Table
• Positive Sentiment: Analysts and commentators continue to identify MU as a buy-the-dip opportunity, citing AI-driven revenue growth, expanding margins and a lower valuation than some peers. Erste Group also raised its FY2027 earnings estimate, while Rosenblatt reaffirmed a Buy rating.
• Positive Sentiment: Elon Musk praised Micron’s approach to future memory pricing, and strong demand for AI infrastructure is expected to support high-value HBM shipments. ASML’s reported order backlog through 2030 also reinforces the long-term equipment and HBM demand outlook. ASML Just Delivered Excellent News for Micron Stock Investors
• Neutral Sentiment: Micron’s market capitalization is trailing several large companies, including Eli Lilly and Berkshire Hathaway, highlighting both the stock’s substantial rally and the possibility that investors are reassessing its valuation after recent volatility.
• Negative Sentiment: The principal overhang is China’s ChangXin Memory Technologies (CXMT), which is advancing in DDR5, LPDDR5X and server-memory products. Investors fear that Chinese competition could pressure prices and margins, although analysts note CXMT currently appears more competitive in lower-end memory than in Micron’s premium HBM products.
• Negative Sentiment: A broader AI and semiconductor sell-off, concerns about a possible memory oversupply by 2029, higher inflation and potential interest-rate increases have contributed to recent selling. Cathie Wood’s warning that memory-chip cycles remain “vicious” underscores the risk that today’s exceptional profits may not persist.

Micron Technology Profile

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.