Micron Technology, Inc. $MU Shares Sold by Willow Creek Wealth Management Inc.

Willow Creek Wealth Management Inc. reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 84.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 223 shares of the semiconductor manufacturer’s stock after selling 1,236 shares during the period. Willow Creek Wealth Management Inc.’s holdings in Micron Technology were worth $238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Great Lakes Retirement Inc. raised its holdings in shares of Micron Technology by 0.6% during the 3rd quarter. Great Lakes Retirement Inc. now owns 10,155 shares of the semiconductor manufacturer’s stock worth $10,817,000 after acquiring an additional 65 shares during the period. Busey Bank grew its holdings in shares of Micron Technology by 35.6% in the third quarter. Busey Bank now owns 56,613 shares of the semiconductor manufacturer’s stock valued at $60,299,000 after purchasing an additional 14,868 shares during the period. M & L Capital Management Ltd grew its holdings in shares of Micron Technology by 30.1% in the third quarter. M & L Capital Management Ltd now owns 54,313 shares of the semiconductor manufacturer’s stock valued at $57,849,000 after purchasing an additional 12,550 shares during the period. Generali Asset Management SPA SGR raised its stake in Micron Technology by 3.3% during the third quarter. Generali Asset Management SPA SGR now owns 60,420 shares of the semiconductor manufacturer’s stock worth $64,354,000 after purchasing an additional 1,936 shares during the period. Finally, Jacobsen Capital Management raised its stake in Micron Technology by 0.7% during the third quarter. Jacobsen Capital Management now owns 2,492 shares of the semiconductor manufacturer’s stock worth $2,654,000 after purchasing an additional 17 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Stock Performance

Micron Technology stock opened at $928.76 on Wednesday. The company’s 50 day simple moving average is $979.69 and its 200-day simple moving average is $735.60. Micron Technology, Inc. has a 1 year low of $192.59 and a 1 year high of $1,255.00. The company has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 12.52 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data 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 company had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. During the same period in the previous year, the business posted $3.03 EPS. The business’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 analysts expect that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Dividend Announcement

The company 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 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is currently 0.81%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $1,650.00 price target on shares of Micron Technology in a research note on Thursday, October 22nd. Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Susquehanna reaffirmed a “positive” rating on shares of Micron Technology in a research report on Thursday, October 1st. Mizuho upped their price objective on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a report on Thursday, October 1st. Finally, President Capital increased their price objective on Micron Technology to $1,500.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Micron Technology currently has an average rating of “Moderate Buy” and an average price target of $1,407.88.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Elon Musk predicted that humanoid robots could require enormous amounts of memory, prompting analysts to frame robotics as a potentially significant long-term volume opportunity for Micron and SK hynix. Separate forecasts suggest humanoid robots could use substantially more memory by 2030. Elon Musk Says Robots Will Need More Memory
• Positive Sentiment: Bank of America reiterated its buy rating and became more constructive on memory following meetings with industry executives. The firm believes customers are increasingly securing supply through long-term agreements, supporting pricing and visibility for Micron. Bank of America Reiterates Buy on Micron
• Positive Sentiment: Micron’s recent earnings beat and record results continue to support the bullish case. Strong AI-related high-bandwidth-memory demand, tight supply, and favorable earnings expectations have led some analysts to argue that the stock remains inexpensive relative to its growth potential. Can Micron Survive a 40% Drop in Memory Prices?
• Positive Sentiment: Micron’s new employee bonus plan may help align compensation with company performance and support retention as the business expands its AI-memory capacity. Micron Unveils a New Bonus Plan

Insider Activity

In related news, insider Scott Deboer sold 28,545 shares of the stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the transaction, the insider owned 147,430 shares of the company’s stock, valued at approximately $132,687,000. This represents a 16.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s 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 transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 83,545 shares of company stock valued at $78,460,850. 0.24% of the stock is currently owned by corporate insiders.

About Micron Technology

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.