Micron Technology, Inc. $MU Position Trimmed by ABLE Financial Group LLC

ABLE Financial Group LLC trimmed its holdings in Micron Technology, Inc. (NASDAQ:MU) by 46.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,213 shares of the semiconductor manufacturer’s stock after selling 1,059 shares during the period. ABLE Financial Group LLC’s holdings in Micron Technology were worth $1,292,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. M.E. Allison & CO. Inc. increased its position in Micron Technology by 0.8% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $1,528,000 after acquiring an additional 11 shares during the period. Ables Iannone Moore & Associates Inc. lifted its position in Micron Technology by 5.3% during the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer’s stock worth $252,000 after acquiring an additional 12 shares during the period. Koesten Hirschmann & Crabtree INC. lifted its position in Micron Technology by 5.6% during the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 228 shares of the semiconductor manufacturer’s stock worth $243,000 after acquiring an additional 12 shares during the period. Cherrydale Wealth Management LLC grew its stake in shares of Micron Technology by 1.4% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after purchasing an additional 13 shares during the last quarter. Finally, Bellevue Asset Management LLC grew its stake in shares of Micron Technology by 25.5% in the 2nd quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock valued at $74,000 after purchasing an additional 13 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 value of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 95,879 shares of company stock worth $90,939,466. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MU shares. Sanford C. Bernstein reissued an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Raymond James Financial reaffirmed an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. William Blair set a $1,300.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. HSBC lifted their price objective on shares of Micron Technology from $1,100.00 to $1,700.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Finally, ThinkEquity reissued a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. One investment 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 stock. Based on data from MarketBeat.com, Micron Technology has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Strong AI-driven demand and customer commitments support the outlook. Micron has secured long-term agreements with major customers, including 26 strategic contracts and commitments covering a substantial portion of fiscal 2027 output. Analysts argue these arrangements could reduce the company’s exposure to the traditional memory cycle. Micron’s Customer Contracts Just Took the Memory Cycle Off the Table
• Positive Sentiment: Buybacks and bullish analyst views provide potential support. Micron’s board authorized roughly $35 billion in share repurchases, while Rosenblatt maintained a Buy rating with a $1,900 price target. Erste Group also raised its fiscal 2027 earnings estimate to $173.31 per share. These actions suggest confidence in future cash generation, although the buyback’s impact depends on the company’s December update. Micron’s Buybacks Should Be Opening Your Eyes Right Now
• Positive Sentiment: Elon Musk praised Micron’s pricing strategy. Musk said Micron has been reasonable on future memory prices, contrasting it with unnamed competitors he called “extortionate.” The comments may reinforce the view that Micron is prioritizing long-term customer relationships and could offer modest sentiment support. Elon Musk Says Micron Has Been Reasonable on Future Pricing
• Neutral Sentiment: Recent results remain very strong, but investors question their durability. Fiscal fourth-quarter revenue rose 379% year over year to $54.23 billion, and adjusted EPS exceeded expectations. However, Micron’s low forward valuation indicates that investors expect current earnings and margins to be near cyclical highs.
• Negative Sentiment: China’s CXMT is the primary source of selling pressure. Investors are concerned that ChangXin Memory Technologies’ progress on denser 4F-square DRAM could eventually challenge Micron in high-end server memory and weaken pricing power. The technology is not yet proven at commercial scale, but the possibility of future oversupply has triggered broad selling across memory stocks. Memory Stocks Extend Slide Following News of a Design Breakthrough in China
• Negative Sentiment: Additional risks include a potential Taiwan labor disruption and a $600 million Netlist settlement. A strike authorization at Micron’s Taoyuan facility could affect production if negotiations fail, while quarterly settlement payments will weigh on future cash flow. These concerns are amplifying profit-taking after MU’s substantial run-up.

Micron Technology Price Performance

Shares of MU traded down $25.39 during mid-day trading on Wednesday, hitting $927.80. The company’s stock had a trading volume of 14,310,485 shares, compared to its average volume of 41,134,316. 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 1-year low of $187.42 and a 1-year high of $1,255.00. The firm has a market capitalization of $1.05 trillion, a P/E ratio of 12.48, a P/E/G ratio of 0.17 and a beta of 2.22. The firm has a 50-day simple moving average of $984.44 and a 200 day simple moving average of $853.14.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. The business had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business’s revenue for the quarter was up 379.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Analysts predict that Micron Technology, Inc. will post 175.82 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is presently 0.81%.

About Micron Technology

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.