10,441 Micron Technology, Inc. $MU Shares Sold by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC lessened its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 37.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,162 shares of the semiconductor manufacturer’s stock after selling 10,441 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Micron Technology were worth $18,280,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BOCHK Asset Management Ltd increased its position in shares of Micron Technology by 5.5% during the 3rd quarter. BOCHK Asset Management Ltd now owns 17,025 shares of the semiconductor manufacturer’s stock worth $18,133,000 after purchasing an additional 882 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in shares of Micron Technology by 3.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 563 shares of the semiconductor manufacturer’s stock worth $600,000 after buying an additional 18 shares during the last quarter. Signature Equity Partners LLC boosted its holdings in shares of Micron Technology by 87.1% during the 3rd quarter. Signature Equity Partners LLC now owns 1,426 shares of the semiconductor manufacturer’s stock worth $1,518,000 after buying an additional 664 shares during the period. Cooper Capital Advisors LLC bought a new stake in shares of Micron Technology during the 3rd quarter worth about $9,826,000. Finally, Summit Wealth Group LLC Co. boosted its holdings in shares of Micron Technology by 9.1% during the 3rd quarter. Summit Wealth Group LLC Co. now owns 3,239 shares of the semiconductor manufacturer’s stock worth $3,450,000 after buying an additional 271 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott Deboer sold 28,545 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $900.00, for a total value of $25,690,500.00. Following the transaction, the insider directly owned 147,430 shares of the company’s stock, valued at approximately $132,687,000. This represents a 16.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 83,545 shares of company stock valued at $78,460,850 over the last 90 days. 0.24% of the stock is owned by insiders.

Micron Technology Stock Down 5.8%

NASDAQ:MU opened at $833.59 on Tuesday. Micron Technology, Inc. has a one year low of $192.59 and a one year high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The company has a market cap of $943.14 billion, a PE ratio of 11.23, a P/E/G ratio of 0.17 and a beta of 2.22. The firm’s 50 day simple moving average is $976.02 and its 200 day simple moving average is $747.00.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $31.77 by $1.65. The firm had revenue of $54.23 billion during 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 company’s revenue 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. On average, research analysts anticipate that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 14th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s payout ratio is currently 0.81%.

Analyst Upgrades and Downgrades

MU has been the subject of several recent analyst reports. Weiss Ratings cut shares of Micron Technology from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, October 27th. DA Davidson boosted their price objective on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. UBS Group reissued a “buy” rating and set a $1,625.00 price target (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. Daiwa Securities Group upped their price objective on Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, ThinkEquity reissued a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Micron Technology has an average rating of “Moderate Buy” and an average target price of $1,407.88.

Key Micron Technology News

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

• Positive Sentiment: Micron is reportedly positioned to increase stock repurchases beginning December 9, when restrictions related to the federal CHIPS Act are expected to expire. Buybacks could support earnings per share and signal management confidence in the stock’s valuation. Micron Expected to Launch Massive Stock Buybacks in December
• Positive Sentiment: Long-term demand remains a key bullish argument. SK hynix reported record results and said memory demand could exceed supply through 2030, while Micron has multiyear customer agreements covering more than 35% of projected revenue through that year. Micron has also co-developed memory technology with NVIDIA and secured advance shipments for AI infrastructure. SK hynix Says Memory Demand Beats Supply Through 2030
• Positive Sentiment: Some analysts and commentators still view Micron as inexpensive relative to its growth potential, citing sharply higher AI-driven memory demand, expected fiscal 2027 earnings growth, and a valuation near historic lows for a company with strong recent operating performance. Why Micron Stock Looks Cheap After a Record Year
• Neutral Sentiment: Analysts remain broadly optimistic after Micron’s substantial outperformance over the past year, but the stock’s elevated volatility and large gains have increased sensitivity to any disappointing industry outlook. Are Wall Street Analysts Predicting Micron Technology Stock Will Climb or Sink?
• Negative Sentiment: Kioxia’s cautious forecast triggered weakness across memory stocks, renewing fears that the industry’s shortage and pricing strength may be approaching a peak. Kioxia’s Cautious Outlook Hits Memory Stocks
• Negative Sentiment: Trading volume has fallen, suggesting reduced retail interest, while critics warn that Micron could suffer a steep decline if the memory shortage ends or AI spending moderates. Market commentator Tom Sosnoff also argued that Micron and other major AI-chip stocks have not declined enough to be compelling buys. Micron Technology: Is This a Sign That Its Stock Has Already Peaked?

Micron Technology Company Profile

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.