Salem Investment Counselors Inc. Sells 5,369 Shares of Micron Technology, Inc. $MU

Salem Investment Counselors Inc. lowered its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 3.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 172,686 shares of the semiconductor manufacturer’s stock after selling 5,369 shares during the quarter. Micron Technology accounts for 4.5% of Salem Investment Counselors Inc.’s portfolio, making the stock its 5th biggest position. Salem Investment Counselors Inc.’s holdings in Micron Technology were worth $183,930,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Andar Capital Management HK Ltd boosted its holdings in Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after acquiring an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA bought a new stake in shares of Micron Technology in the 2nd quarter worth $22,182,263,000. Legal & General Group Plc purchased a new stake in shares of Micron Technology in the second quarter valued at about $8,402,393,000. Situational Awareness LP raised its holdings in shares of Micron Technology by 1,149.0% in the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock valued at $5,573,819,000 after purchasing an additional 5,289,124 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Micron Technology in the second quarter valued at about $3,761,237,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Down 3.6%

Shares of NASDAQ:MU opened at $953.19 on Wednesday. Micron Technology, Inc. has a 1 year low of $186.25 and a 1 year high of $1,255.00. The company has a market capitalization of $1.08 trillion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 0.17 and a beta of 2.22. The business has a fifty day moving average price of $984.44 and a two-hundred day moving average price of $853.14. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94.

Micron Technology (NASDAQ:MU) last released 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. The company had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business’s revenue for the quarter was up 379.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Analysts forecast that Micron Technology, Inc. will post 175.82 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors 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 is Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is 0.81%.

Analysts Set New Price Targets

MU has been the topic of a number of recent analyst reports. Erste Group Bank raised shares of Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. CLSA reaffirmed an “outperform” rating and issued a $1,700.00 price objective on shares of Micron Technology in a research report on Friday, October 2nd. ThinkEquity reaffirmed a “buy” rating on shares of Micron Technology in a research report on Monday, August 3rd. Itau BBA Securities increased their price objective on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Finally, UBS Group reissued a “buy” rating and set a $1,625.00 target price (up from $535.00) on shares of Micron Technology in a research report on Wednesday, September 23rd. 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 company. According to MarketBeat.com, Micron Technology has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

More Micron Technology News

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

• Positive Sentiment: Micron’s board increased its share-repurchase authorization to approximately $35 billion, potentially supporting earnings per share and signaling management’s confidence in long-term cash generation. Why Is Micron Stock Rising Today?
• Positive Sentiment: Investors and commentators highlighted Micron’s multi-year customer agreements, which provide substantial visibility into future demand, while more than 75% of fiscal 2027 output is reportedly committed. AI-related demand and the planned HBM4 ramp could also support pricing and margins. Jim Cramer on Semiconductor Stocks
• Positive Sentiment: Recent results remain exceptionally strong: fiscal fourth-quarter revenue rose roughly 379% year over year to $54.23 billion, while adjusted EPS exceeded expectations. Rosenblatt reaffirmed a Buy rating with a $1,900 target, and other analysts argued that the stock’s low forward valuation may underestimate the durability of the AI memory cycle. Micron Valuation Analysis
• Neutral Sentiment: The central debate is whether Micron’s unusually high current profits represent a sustainable structural shift or a cyclical peak. Low forward earnings multiples look attractive, but they also reflect investor concerns that memory pricing and margins could eventually normalize.
• Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design and plans to target server memory. The development raised fears that additional supply could weaken Micron’s pricing power, particularly in its most profitable products. Micron Stock and China Competition
• Negative Sentiment: Broader semiconductor selling, profit-taking after a major rally, and warnings about China’s manufacturing capabilities added pressure. A potential labor dispute at Micron’s Taiwan operations, a $600 million patent settlement, and recent insider selling contributed to concerns about execution and future cash flow.

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction dated Friday, August 21st. The shares were 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 of the company’s stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Scott Allen sold 879 shares of Micron Technology stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the sale, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 95,879 shares of company stock worth $90,939,466. Insiders own 0.24% of the company’s stock.

Micron Technology 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.