Lake Street Private Wealth LLC raised its stake in Micron Technology (NASDAQ:MU) by 43.4% in the third quarter, to 4,352 shares worth $4,635,000, according to its 13F filing. MU opened at $877.55 on Friday, below its 12-month high of $1,255.00, with a market capitalization of $992.88 billion. For the latest quarter, Micron reported EPS of $33.42 versus a $31.77 consensus and revenue of $54.23 billion versus $51.33 billion, up 379.1% year over year. Erste Group raised its FY2028 EPS forecast to $201.26 from $199.05 and maintained a Buy rating, while the filings show extensive insider selling.
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- Micron Technology, Inc. ($MU) Holdings Raised by Lake Street Private Wealth LLC
Lake Street Private Wealth LLC raised its stake in Micron Technology (NASDAQ:MU) by 43.4% in the third quarter, to 4,352 shares worth $4,635,000, according to its 13F filing. The article notes moves by other institutional investors, including Denali Advisors, Castleark Management, Oppenheimer & Co., Legacy Wealth Management and Franklin Street Advisors, and says institutions and hedge funds hold 80.84% of the stock. MU opened at $877.55, with a market capitalization of $992.88 billion, a P/E ratio of 11.83, and a one-year range of $192.59 to $1,255.00. Micron reported quarterly EPS of $33.42 versus $31.77 expected and revenue of $54.23 billion versus $51.33 billion, and declared a $0.15 quarterly dividend. The analysts’ consensus rating is “Moderate Buy” with a consensus target price of $1,407.88, and CEO Sanjay Mehrotra sold 40,000 shares at an average of $968.90.
- Micron Technology (NASDAQ: MU) Stock Falls 6.3% – What Next?
Micron shares fell 6.3% in mid-day trading on Thursday, with a low of $849.25 and last trading at $856.49, versus a prior close of $913.67. Volume of 30,863,984 shares was 24% below the average daily volume of 40,817,113 shares. The latest results showed revenue up 379% year over year to $54.23 billion, adjusted EPS of $33.42, and guidance for about $61.5 billion in next-quarter revenue, with strong HBM and NAND demand cited as supporting the long-term AI-memory outlook. Investors, however, are questioning whether AI spending will generate adequate returns, raising concerns about cyclicality and competition from China's CXMT, and an insider sale of 28,545 shares worth about $25.7 million added to near-term caution. The analyst consensus is 'Moderate Buy' with an average target price of $1,407.88.
- Micron Stock Could Be Worth Buying Before Its Next Earnings Report
Micron's last quarterly report beat expectations, with adjusted EPS of $33.42 on revenue of $54.23 billion, and it guided the current quarter to about $61.5 billion in sales and $38.15 in adjusted EPS. Even so, the stock has fallen roughly 25.5% since that report, as investors weigh its large gains over the past year, sticky inflation, elevated bond yields, possible rate hikes and competition from Chinese memory makers. The author expects demand for Micron's HBM chips to stay strong and another report that beats guidance around December. A CHIPS Act loan restriction on buybacks is set to lapse, paving the way for about $35.16 billion in share repurchases and possibly a large dividend increase. The author argues that buying the shares amid recent volatility could be a good move.
- Micron Stock Could Be Worth Buying Before Its Next Earnings Report
Micron's last quarterly report beat expectations, with non-GAAP adjusted EPS of $33.42 on revenue of $54.23 billion. It guided for current-quarter sales of about $61.5 billion and adjusted EPS of $38.15, both above Wall Street estimates of roughly $57 billion and $35.40. Even so, the stock is down roughly 25.5% since that report, after a massive run-up over the past year, amid concerns about sticky inflation, elevated bond yields, possible further rate hikes, and competition from Chinese memory makers. The article notes that demand for HBM chips remains very high, and as the CHIPS Act buyback restriction lapses, Micron is set to buy back $35.16 billion of stock and could announce a major dividend increase in December.
- Micron Stock Could Be Worth Buying Before Its Next Earnings Report
Micron (NASDAQ: MU) beat expectations in its last quarter, reporting adjusted EPS of $33.42 on revenue of $54.23 billion, versus Wall Street estimates of $31.72 and $51.07 billion. It guided for about $61.5 billion in sales and $38.15 adjusted EPS for the current quarter, both above consensus. Despite this, the stock has fallen roughly 25.5% since that report, amid sticky inflation, elevated bond yields, rate-hike risk and competition from Chinese memory makers. The article expects the next report in December, when a CHIPS Act restriction on buybacks lapses and Micron plans to repurchase $35.16 billion of stock, with a possible dividend increase. It argues that buying the shares amid the recent volatility could be a good move.
- If Micron Grows At 10% a Year, Here’s What $1,000 Becomes By 2030
Micron (MU) closed at $878.84 after a 14.58% one-week decline, while fiscal 2026 revenue reached $133.19B, up 256.3% year over year. The article's model projects a base-case value of about $1,487.40 for a $1,000 investment by 2031 (a 48.74% total return), with a bear case of $849 and a bull case of $2,684.40. Supporting factors include demand expected to exceed supply in calendar 2027 and 2028, more than 75% of 2027 output already committed, and 26 strategic customer agreements with remaining performance obligations near $150 billion. Risks cited include memory's historical cyclicality, a record 87.0% non-GAAP gross margin, $30.7B in fiscal 2026 capex, and a possible strike in Taiwan. With a beta of 2.226, the article notes that price moves could be sharp.
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