1,117 Micron Technology, Inc. $MU Shares Purchased by Signaturefd LLC

by · The Markets Daily

Signaturefd LLC grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,506 shares of the semiconductor manufacturer’s stock after buying an additional 1,117 shares during the period. Micron Technology accounts for 0.4% of Signaturefd LLC’s portfolio, making the stock its 29th biggest holding. Signaturefd LLC’s holdings in Micron Technology were worth $32,492,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. BG Investment Services LLC grew its stake in shares of Micron Technology by 1,320.5% during the 3rd quarter. BG Investment Services LLC now owns 3,750 shares of the semiconductor manufacturer’s stock valued at $3,994,000 after acquiring an additional 3,486 shares during the period. Citizens Financial Group Inc. RI raised its stake in Micron Technology by 89.2% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 34,957 shares of the semiconductor manufacturer’s stock worth $37,233,000 after acquiring an additional 16,478 shares during the period. Valen Private Capital LLC bought a new stake in Micron Technology during the 3rd quarter worth approximately $19,035,000. Anderson Hoagland & Co. raised its stake in Micron Technology by 185.8% during the 3rd quarter. Anderson Hoagland & Co. now owns 1,126 shares of the semiconductor manufacturer’s stock worth $1,199,000 after acquiring an additional 732 shares during the period. Finally, Simplicity Wealth LLC lifted its holdings in Micron Technology by 19.1% during the third quarter. Simplicity Wealth LLC now owns 9,650 shares of the semiconductor manufacturer’s stock valued at $10,278,000 after purchasing an additional 1,550 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MU shares. Rosenblatt Securities reiterated a “buy” rating and issued a $1,900.00 price target on shares of Micron Technology in a research report on Thursday. William Blair set a $1,300.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Citigroup raised 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 research report on Wednesday, September 23rd. CLSA restated an “outperform” rating and set a $1,700.00 target price on shares of Micron Technology in a research note on Friday, October 2nd. Finally, Phillip Securities upped their target price on shares of Micron Technology from $530.00 to $1,870.00 and gave the stock a “buy” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,407.88.

Get Our Latest Stock Report on MU

Micron Technology News Summary

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

  • Positive Sentiment: Improved industry sentiment: A broad rebound in semiconductor stocks lifted Micron, SK Hynix and SanDisk as investors returned to AI and memory names following a sharp pullback. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
  • Positive Sentiment: Favorable supply dynamics: SK Hynix’s decision to abandon a planned U.S. IPO for its Solidigm flash-memory unit could reduce concerns about additional NAND supply entering the market, potentially benefiting Micron and SanDisk. Micron, Sandisk gain as SK Hynix scraps Solidigm IPO
  • Positive Sentiment: Analyst and growth support: Erste Group raised its FY2028 EPS forecast to $201.26 from $199.05 and maintained a Buy rating. Analysts continue to point to Micron’s AI-driven HBM demand, improving margins and relatively low valuation as reasons for optimism. Micron earnings estimate update
  • Neutral Sentiment: Strategic investment: Micron’s planned investment in U.S. critical-mineral processing supports its domestic supply-chain strategy, although the near-term financial impact is unclear. Micron critical-minerals investment
  • Negative Sentiment: Technology execution risk: Micron’s next-generation memory architecture could improve data movement for AI processors, but placing more memory closer to computing units creates difficult cooling and heat-management challenges. Micron’s Next AI Memory Breakthrough Has a Cooling Problem
  • Negative Sentiment: Insider selling and volatility: Recent filings show extensive insider selling with no reported open-market purchases, while technical commentary warns that the recovery remains fragile amid ongoing concerns about AI spending, interest rates and valuation.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $877.55 on Monday. Micron Technology, Inc. has a twelve month low of $192.59 and a twelve month 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 business has a 50-day moving average price of $983.61 and a 200-day moving average price of $883.59. The firm has a market cap of $992.88 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 0.15 and a beta of 2.22.

Micron Technology (NASDAQ:MU – Get Free Report) last posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping 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 company had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same period in the previous year, the business earned $3.03 earnings per share. The firm’s revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities research analysts anticipate that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s payout ratio is presently 0.81%.

Insiders Place Their Bets

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Deboer sold 28,545 shares of the stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the transaction, the insider owned 147,430 shares of the company’s stock, valued at $132,687,000. This represents a 16.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 83,545 shares of company stock valued at $78,460,850 in the last quarter. 0.24% of the stock is currently owned by insiders.

About Micron Technology

(Free Report)

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.

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