Micron Technology, Inc. $MU Stock Bought by CX Institutional

by · The Markets Daily

CX Institutional raised its position in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 307.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,635 shares of the semiconductor manufacturer’s stock after acquiring an additional 22,365 shares during the quarter. Micron Technology makes up 0.8% of CX Institutional’s portfolio, making the stock its 26th biggest holding. CX Institutional’s holdings in Micron Technology were worth $31,564,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MU. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Micron Technology during the 1st quarter valued at about $27,000. Bullseye Investment Management LLC bought a new position in shares of Micron Technology in the 2nd quarter worth approximately $27,000. Bayban purchased a new position in shares of Micron Technology in the fourth quarter worth approximately $29,000. Financial Life Planners purchased a new position in shares of Micron Technology in the first quarter worth approximately $36,000. Finally, Portus Wealth Advisors LLC bought a new stake in Micron Technology during the first quarter valued at approximately $37,000. Institutional investors own 80.84% of the company’s stock.

Insider Activity

In other news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred 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 sale, the executive vice president 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 95,879 shares of company stock worth $90,939,466 over the last quarter. Insiders own 0.24% of the company’s stock.

Micron Technology Price Performance

Shares of Micron Technology stock traded down $22.50 during trading hours on Friday, hitting $1,074.89. The company’s stock had a trading volume of 27,169,271 shares, compared to its average volume of 41,884,055. The company has a market cap of $1.21 trillion, a PE ratio of 14.48, a PEG ratio of 0.66 and a beta of 2.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The business has a 50 day moving average price of $954.89 and a two-hundred day moving average price of $818.89. Micron Technology, Inc. has a 12-month low of $179.61 and a 12-month high of $1,255.00.

Micron Technology (NASDAQ:MU – Get Free Report) last released its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $31.77 by $1.65. The firm had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a return on equity of 110.90% and a net margin of 63.80%.The firm’s revenue was up 379.1% on a year-over-year basis. During the same quarter last year, the business posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Analysts expect that Micron Technology, Inc. will post 160.39 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The business 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 dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is 1.36%.

Key Stories Impacting Micron Technology

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

  • Positive Sentiment: Record earnings and stronger guidance: Micron reported $54.23 billion in quarterly revenue, up 379% year over year, and adjusted EPS of $33.42, exceeding expectations. Its fiscal Q1 2027 outlook—approximately $61.5 billion in revenue and $38.15 in adjusted EPS at the midpoint—also topped analyst forecasts. Micron Technology Tops Lofty Fiscal Q4 Goals, Guides Above Views
  • Positive Sentiment: AI demand remains powerful: High-bandwidth memory, data-center products and NAND pricing drove the results, while management said more than 75% of 2027 output is already committed. Customer discussions are extending into 2028, supporting expectations for sustained tight supply and pricing power. Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
  • Positive Sentiment: Visibility and capital returns: Strategic customer agreements cover more than 35% of projected 2030 revenue, backed by roughly $32 billion in customer commitments. Micron also plans to increase share repurchases after reaching its cash target, potentially providing an additional catalyst. Micron Plans to Put Its Excess Cash Into Buybacks
  • Positive Sentiment: Analyst optimism: Several firms raised targets, including DA Davidson at $2,100, Cantor Fitzgerald at $2,000 and Rosenblatt at $1,900, citing a potentially longer AI memory cycle.
  • Neutral Sentiment: Longer-term opportunities: Micron sees additional memory demand from humanoid robots, autonomous vehicles and other “physical AI” applications later this decade. The company also declared a $0.15 quarterly dividend, with October 14 the ex-dividend date.
  • Negative Sentiment: Cycle and margin concerns are limiting the reaction: Investors worry that current pricing and the 87% gross margin are unsustainably high for a cyclical semiconductor business. Analysts caution that additional industry capacity or slowing memory prices in 2027 could pressure earnings.
  • Negative Sentiment: Expectations are elevated: After a dramatic rally, even a major beat has produced profit-taking. Heavy planned capital spending, broader market pressure from rising Treasury yields and a bearish options position disclosed by Michael Burry are adding volatility.

Analysts Set New Price Targets

MU has been the subject of several analyst reports. Bank of America upped their price objective on Micron Technology from $950.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Wedbush reissued an “outperform” rating and set a $1,400.00 price target on shares of Micron Technology in a report on Monday. The Goldman Sachs Group set a $1,250.00 price target on Micron Technology in a research report on Thursday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2,000.00 price objective on shares of Micron Technology in a research note on Thursday. Finally, President Capital raised their price objective on Micron Technology to $1,500.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Forty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,385.93.

Check Out Our Latest Analysis on MU

Micron Technology Company Profile

(Free Report)

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.

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