Micron Technology, Inc. $MU Stock: Raleigh Capital Management Inc. Raises Stake

Raleigh Capital Management Inc. raised its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 153.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,371 shares of the semiconductor manufacturer’s stock after buying an additional 831 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Micron Technology were worth $1,460,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings 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 valued at $39,571,847,000 after acquiring an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA purchased a new stake in Micron Technology in the 2nd quarter worth approximately $22,182,263,000. Bank of America Corp DE lifted its stake in Micron Technology by 26.6% in the 2nd quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock worth $11,744,621,000 after purchasing an additional 2,136,470 shares in the last quarter. Legal & General Group Plc purchased a new stake in Micron Technology in the 2nd quarter worth approximately $8,402,393,000. Finally, Wellington Management Group LLP boosted its holdings in Micron Technology by 28.7% in the 2nd quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock valued at $5,823,556,000 after purchasing an additional 1,125,414 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MU has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $1,250.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Wedbush reiterated an “outperform” rating and issued a $1,400.00 price objective on shares of Micron Technology in a research report on Monday, September 28th. Itau BBA Securities lifted their price objective on Micron Technology from $1,243.78 to $1,697.09 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Citigroup boosted their target price on Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. Finally, Daiwa Securities Group boosted their target price on Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. One 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. Based on data from MarketBeat.com, Micron Technology has a consensus rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Stock Performance

NASDAQ MU opened at $884.74 on Friday. Micron Technology, Inc. has a 52-week low of $192.59 and a 52-week high of $1,255.00. The company has a fifty day moving average of $978.68 and a 200-day moving average of $744.52. The company has a market capitalization of $1.00 trillion, a P/E ratio of 11.92, a P/E/G ratio of 0.16 and a beta of 2.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. During the same quarter in the prior year, the firm earned $3.03 earnings per share. The firm’s revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities research analysts predict that Micron Technology, Inc. will post 177.03 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 given a dividend of $0.15 per share. 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

In related news, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 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 approximately $132,687,000. This represents a 16.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 83,545 shares of company stock worth $78,460,850. 0.24% of the stock is currently owned by insiders.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Memory demand remains exceptionally strong. SK Hynix said its available memory capacity is effectively sold out through 2029, supporting expectations for sustained pricing power in DRAM, NAND and high-bandwidth memory (HBM)—markets in which Micron is a major supplier. SK Hynix Just Delivered Fantastic News for Micron
• Positive Sentiment: Several analysts remain bullish, arguing that Micron’s supply is unlikely to catch up with demand before fiscal 2028 and that HBM prices could rise significantly in 2027. Reports also cite customer agreements that have locked in much of next year’s shipments, potentially supporting record earnings and visibility. Micron Stock: Why I’m Buying, Not Panicking
• Positive Sentiment: Attractive projected earnings growth and a low forward valuation are encouraging some investors to view the recent weakness as a buying opportunity. Micron is also receiving attention as an AI beneficiary, while its inclusion among major S&P 500 ETF holdings can support recurring institutional demand. Think You Missed Out on Micron’s Run? Think Again.
• Neutral Sentiment: Micron’s investment case remains highly dependent on continued AI infrastructure spending. Articles present the company as potentially resilient if AI budgets slow, but also warn that memory stocks could be among the more exposed semiconductor businesses if customers reduce or delay data-center investment. If AI Spending Slows in 2027, These Semiconductor Stocks Could Hold Up Best
• Negative Sentiment: The immediate pressure came from a wider technology and semiconductor selloff following disappointing results from Amazon and Intel. Weakness in Alphabet and Samsung also reduced risk appetite and caused investors to reassess elevated expectations for memory stocks. Why are Micron, SK Hynix and SanDisk stocks falling on Friday?
• Negative Sentiment: SanDisk’s strong earnings and raised outlook failed to prevent a sharp decline in memory shares, highlighting profit-taking and valuation concerns. Meanwhile, China’s CXMT reported a 613% revenue increase, signaling a growing competitive threat to established suppliers such as Micron over time. CXMT posts 613% jump in revenue as Micron, SanDisk shares tumble

Micron Technology 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.