Totem Point Management LLC Sells 24,030 Shares of Micron Technology, Inc. $MU

Posted by Geri Gentry on Jun 17th, 2026

Totem Point Management LLC trimmed its holdings in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 41.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 34,453 shares of the semiconductor manufacturer’s stock after selling 24,030 shares during the period. Micron Technology makes up approximately 9.8% of Totem Point Management LLC’s investment portfolio, making the stock its 6th largest position. Totem Point Management LLC’s holdings in Micron Technology were worth $9,833,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. High Note Wealth LLC raised its position in Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 34 shares during the period. Elevation Wealth Partners LLC grew its stake in Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its stake in Micron Technology by 4,800.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 96 shares in the last quarter. Joseph Group Capital Management purchased a new position in Micron Technology in the fourth quarter valued at about $31,000. Finally, Luken Investment Analytics LLC purchased a new position in Micron Technology in the fourth quarter valued at about $31,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Key Micron Technology News

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

Positive Sentiment: TD Cowen and other analysts raised price targets sharply, with several firms arguing that AI-driven memory demand could support pricing strength into 2027 and leave significant upside even after Micron’s huge run. Article Title
Positive Sentiment: Micron is benefiting from strong demand for DRAM, NAND, HBM, and enterprise SSDs, with commentary pointing to a persistent supply-demand imbalance and better-than-expected earnings over the next two fiscal years. Article Title
Positive Sentiment: Recent news that Micron has been approved to supply HBM4 memory for AI applications reinforced its role as a key beneficiary of the AI infrastructure buildout. Article Title
Positive Sentiment: Several pieces highlighted Micron’s breakout momentum and argued the stock could still have meaningful upside, with Wall Street targets ranging as high as $1,500 on expectations for strong gross margins and buybacks. Article Title
Neutral Sentiment: Investors are watching Micron’s fiscal Q3 earnings due June 24, which could be a major catalyst either confirming or cooling the stock’s recent momentum. Article Title
Negative Sentiment: Some commentary warned that Micron’s rally has been extremely extended and that the stock may be overbought, with peak-cycle risk and a potential slowdown in growth still on the radar. Article Title

Micron Technology Stock Performance

MU opened at $1,020.76 on Wednesday. Micron Technology, Inc. has a 52-week low of $103.38 and a 52-week high of $1,110.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The company has a market cap of $1.15 trillion, a PE ratio of 48.19 and a beta of 2.16. The stock has a 50-day moving average of $705.11 and a 200-day moving average of $476.85.

Micron Technology (NASDAQ:MU – Get Free Report) last posted its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping the consensus estimate of $9.19 by $3.01. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business had revenue of $23.86 billion during the quarter, compared to analysts’ expectations of $19.97 billion. During the same quarter in the previous year, the firm earned $1.56 EPS. The firm’s revenue was up 196 compared to the same quarter last year. As a group, equities research analysts forecast that Micron Technology, Inc. will post 59.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MU. Wedbush boosted their target price on Micron Technology from $320.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. DA Davidson began coverage on Micron Technology in a research note on Monday, May 11th. They issued a “buy” rating and a $1,000.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Wolfe Research boosted their target price on Micron Technology from $550.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Thursday, June 11th. Finally, Citigroup boosted their target price on Micron Technology from $425.00 to $840.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $788.13.

Read Our Latest Analysis on MU

Insiders Place Their Bets

In related news, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the completion of the transaction, the executive vice president owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $536.26, for a total value of $21,450,400.00. Following the transaction, the chief executive officer directly owned 424,503 shares of the company’s stock, valued at $227,643,978.78. This represents a 8.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 146,000 shares of company stock worth $85,486,715 over the last quarter. 0.24% of the stock is currently owned by company insiders.

About Micron Technology

(Free Report)

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.