Sax Wealth Advisors LLC Acquires 4,126 Shares of Micron Technology, Inc. $MU

Sax Wealth Advisors LLC increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 196.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,222 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,126 shares during the period. Sax Wealth Advisors LLC’s holdings in Micron Technology were worth $6,627,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Denali Advisors LLC acquired a new stake in Micron Technology in the second quarter worth about $7,364,000. Castleark Management LLC bought a new stake in Micron Technology during the 1st quarter worth about $3,709,000. Legacy Wealth Management LLC MS lifted its position in Micron Technology by 73.3% during the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after purchasing an additional 1,499 shares during the period. Oppenheimer & Co. Inc. lifted its position in Micron Technology by 16.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock valued at $56,006,000 after purchasing an additional 6,702 shares during the period. Finally, Franklin Street Advisors Inc. NC boosted its stake in shares of Micron Technology by 2,461.4% in the 2nd quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock valued at $42,871,000 after purchasing an additional 35,691 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Scott Allen sold 879 shares of Micron Technology stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the transaction, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were 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 directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This trade represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 95,879 shares of company stock worth $90,939,466. Company insiders own 0.24% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron’s board increased its share-repurchase authorization to approximately $35.16 billion, with buybacks expected to begin soon. The program could support earnings per share and signal management’s confidence in the company’s cash-generation outlook. Micron buyback authorization
• Positive Sentiment: Rosenblatt reaffirmed a Buy rating with a $1,900 price target, while D.A. Davidson raised its target to $3,000. Bulls point to Micron’s AI-driven memory demand, long-term customer agreements and valuation near six times forward earnings. Micron analyst price target
• Positive Sentiment: The planned HBM4 ramp and higher 2027 contract prices could extend margin expansion as demand for AI data-center memory grows. However, production costs and manufacturing yields remain important execution factors. Micron HBM4 ramp-up
• Neutral Sentiment: Micron’s latest results remain exceptionally strong: quarterly revenue reached $54.23 billion, up 379% year over year, while EPS exceeded estimates. Investors are nevertheless questioning whether the memory upcycle can sustain such rapid growth.
• Negative Sentiment: CXMT reported progress on a denser “4F square” DRAM design and plans to target high-end server memory. The development threatens Micron’s most profitable segment by potentially increasing supply, pressuring pricing and weakening margins. China memory competition
• Negative Sentiment: Additional concerns include warnings that Chinese memory makers are catching up, possible Taiwan strike-related disruption and broader semiconductor-sector weakness. Reports that an Australian AI infrastructure company canceled its IPO also raised concerns about funding for future data-center projects.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Argus lowered their price target on shares of Micron Technology from $1,500.00 to $540.00 and set a “buy” rating for the company in a research report on Thursday, June 25th. Citigroup increased their price objective on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. CLSA reaffirmed an “outperform” rating and issued a $1,700.00 price objective on shares of Micron Technology in a research note on Friday, October 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $1,500.00 target price on shares of Micron Technology in a report on Thursday, October 1st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $1,900.00 target price on shares of Micron Technology in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Trading Down 5.3%

Shares of MU stock traded down $52.80 on Tuesday, reaching $936.24. The company had a trading volume of 17,673,218 shares, compared to its average volume of 41,216,117. The stock has a market cap of $1.06 trillion, a PE ratio of 12.63, a PEG ratio of 0.18 and a beta of 2.22. The company has a 50-day moving average of $983.23 and a 200-day moving average of $849.12. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. Micron Technology, Inc. has a 12 month low of $186.25 and a 12 month high of $1,255.00.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same quarter last year, the firm earned $3.03 EPS. Micron Technology’s quarterly revenue 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. On average, equities analysts forecast that Micron Technology, Inc. will post 175.82 earnings per share for the current year.

Micron Technology Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 0.81%.

Micron Technology Company 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.