Micron Technology, Inc. $MU Stock: Harbour Investments Inc. Reduces Position

Harbour Investments Inc. cut its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 14.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,039 shares of the semiconductor manufacturer’s stock after selling 3,570 shares during the quarter. Harbour Investments Inc.’s holdings in Micron Technology were worth $22,408,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MU shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. CLSA reiterated an “outperform” rating and set a $1,700.00 price objective on shares of Micron Technology in a research note on Friday, October 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $1,500.00 target price on shares of Micron Technology in a report on Thursday, October 1st. Finally, Morgan Stanley restated an “overweight” rating and issued a $1,200.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,435.58.

Micron Technology News Summary

Investors following MU have been watching these news items:

• Positive Sentiment: ETF buying provided a modest demand signal, with 59 funds adding Micron shares and 14 selling on Wednesday, for reported net purchases of $137.7 million. ETFs Bought $137.7 Million of Micron
• Neutral Sentiment: Analysts and market commentary say a sustained recovery will depend on memory pricing and whether AI-driven demand holds up; Micron’s shares have also been unusually volatile, leaving sentiment fragile. Micron Stocks Fall as Nvidia CEO Exit Drags Memory Shares Lower
• Negative Sentiment: Broad chip-sector selling is the main near-term headwind. Reports of Nvidia CEO Jensen Huang’s departure have unsettled investors and raised concerns about the AI trade’s durability, weighing on memory stocks including Micron despite its favorable outlook. Why Are Micron, SK Hynix, and SanDisk Stocks Falling?

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 83,545 shares of company stock valued at $78,460,850 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Stock Performance

NASDAQ MU traded down $20.13 on Friday, hitting $778.31. The stock had a trading volume of 27,749,501 shares, compared to its average volume of 30,791,856. Micron Technology, Inc. has a one year low of $192.59 and a one year 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. The stock has a market cap of $880.60 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 0.14 and a beta of 2.36. The company’s 50-day moving average is $943.73 and its two-hundred day moving average is $764.29.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating the consensus estimate of $31.77 by $1.65. The company had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. Micron Technology’s revenue was up 379.1% compared to the same quarter last year. During the same quarter last year, the business earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, analysts expect that Micron Technology, Inc. will post 174.19 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Micron Technology Profile

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.