2,031 Micron Technology, Inc. $MU Shares Purchased by Partners Wealth Management LLC

Partners Wealth Management LLC lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 778.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,292 shares of the semiconductor manufacturer’s stock after buying an additional 2,031 shares during the period. Partners Wealth Management LLC’s holdings in Micron Technology were worth $2,442,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Gibbs Wealth Management lifted its holdings in shares of Micron Technology by 52.7% during the 3rd quarter. Gibbs Wealth Management now owns 6,041 shares of the semiconductor manufacturer’s stock valued at $6,435,000 after buying an additional 2,085 shares during the period. Denali Advisors LLC purchased a new position in shares of Micron Technology in the 2nd quarter worth $7,364,000. Castleark Management LLC bought a new stake in shares of Micron Technology in the first quarter worth $3,709,000. Oppenheimer & Co. Inc. grew its holdings in shares of Micron Technology by 16.0% in the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after acquiring an additional 6,702 shares during the period. Finally, Legacy Wealth Management LLC MS increased its position in Micron Technology by 73.3% during the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after acquiring an additional 1,499 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MU has been the topic of a number of recent research reports. Zacks Research raised Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. UBS Group restated a “buy” rating and set a $1,625.00 price target (up from $535.00) on shares of Micron Technology in a research note on Wednesday, September 23rd. CLSA reaffirmed an “outperform” rating and set a $1,700.00 price target on shares of Micron Technology in a research report on Friday, October 2nd. Susquehanna reiterated a “positive” rating on shares of Micron Technology in a research note on Thursday, October 1st. Finally, President Capital raised their price objective on shares of Micron Technology to $1,500.00 and gave the stock a “buy” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Micron Technology has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Stock Performance

NASDAQ:MU opened at $934.27 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The stock has a 50-day simple moving average of $980.48 and a two-hundred day simple moving average of $741.83. The firm has a market capitalization of $1.06 trillion, a PE ratio of 12.59, a P/E/G ratio of 0.17 and a beta of 2.22. 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 posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping 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 firm had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter last year, the company earned $3.03 earnings per share. The business’s revenue for the quarter was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Analysts forecast that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Dividend Announcement

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

Key Micron Technology News

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

• Positive Sentiment: Micron’s long-term outlook remains favorable. The company has reportedly secured most of next year’s shipments through customer agreements, while multi-year take-or-pay contracts cover more than 35% of revenue through 2030 and include approximately $32 billion in customer commitments. Micron Is Trading for Less Than 6 Times Forward Earnings. Here’s Why That’s a Sign to Buy.
• Positive Sentiment: Analysts and financial commentators continue to view MU as attractively valued at fewer than six times forward earnings, with expectations for sustained growth as data-center, AI, and high-bandwidth-memory demand outpaces supply. Micron: Priced For A Peak That Keeps Moving Higher
• Positive Sentiment: Strong results from SK Hynix indicated that DRAM and HBM demand could remain ahead of supply through 2029 or 2030, supporting the industry’s pricing environment and Micron’s earnings potential. Micron Stock Rises as SK Hynix Says DRAM and HBM Are Sold Out

Insiders Place Their Bets

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the company’s 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 directly owned 191,021 shares in the company, valued at $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Scott J. Deboer sold 28,545 shares of the company’s stock in a transaction that occurred on 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 owned 147,430 shares of the company’s stock, valued at approximately $132,687,000. The trade was a 16.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 83,545 shares of company stock worth $78,460,850. Company insiders own 0.24% of the company’s stock.

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.