Micron Technology, Inc. $MU Position Cut by Mountain Pacific Investment Advisers LLC

Posted by Stanley Muller on Nov 4th, 2026

Mountain Pacific Investment Advisers LLC trimmed its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 16.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,576 shares of the semiconductor manufacturer’s stock after selling 1,874 shares during the quarter. Micron Technology accounts for approximately 1.7% of Mountain Pacific Investment Advisers LLC’s holdings, making the stock its 16th biggest holding. Mountain Pacific Investment Advisers LLC’s holdings in Micron Technology were worth $10,199,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Andar Capital Management HK Ltd increased its holdings in shares of Micron Technology by 856,960.3% in 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 period. Primecap Management Co. CA bought a new stake in Micron Technology in the 2nd quarter valued at about $22,182,263,000. Legal & General Group Plc acquired a new position in Micron Technology during the 2nd quarter valued at about $8,402,393,000. Situational Awareness LP boosted its stake in Micron Technology by 1,149.0% during the 2nd 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 period. Finally, Canada Pension Plan Investment Board acquired a new position in Micron Technology during the 2nd quarter valued at about $3,761,237,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 83,545 shares of company stock worth $78,460,850 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Micron Technology News Roundup

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

Positive Sentiment: Memory stocks recovered as investors rotated back into semiconductor shares, with easing oil prices also helping risk appetite. Why are Micron, SK Hynix, and SanDisk stocks rising on Tuesday?
Positive Sentiment: AI’s growing need for memory could support Micron’s opportunity: the article highlights memory’s importance to AI performance and the company’s potential to compete on value. Micron Said “Super Intelligence” Creates the Most Compelling Opportunity in Its History
Positive Sentiment: Micron could step up share repurchases starting in December after Chips Act restrictions expire, potentially adding support for shareholder returns and demand for the stock. Micron Expected to Launch Massive Stock Buybacks in December
Neutral Sentiment: Some analysts see substantial upside after the pullback, though the coverage cautions that memory-stock rallies have been difficult to sustain. Micron Stock Is in a Slump but Analysts Say It Can Soar 100%
Negative Sentiment: Investor Dan Niles warned that Chinese memory maker CXMT is targeting a 20% share by 2028, raising the prospect of increased competition for Micron. Micron’s Real Risk: China’s CXMT Targets “20% by 2028,” Warns Dan Niles
Negative Sentiment: Recent concerns about the memory cycle remain: a cautious outlook from Kioxia weighed on Micron and other memory shares in the prior session, while one commentator argued AI-chip stocks may not have fallen enough. Micron Falls as Kioxia’s Cautious Outlook Hits Memory Stocks

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. Raymond James Financial reaffirmed an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Weiss Ratings downgraded Micron Technology from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, October 27th. New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and increased their price target for the stock from $470.00 to $1,250.00 in a research note on Friday, August 14th. Finally, ThinkEquity reissued a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Micron Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

Check Out Our Latest Stock Analysis on MU

Micron Technology Stock Up 2.6%

Shares of MU stock opened at $855.10 on Wednesday. The business’s fifty day moving average is $974.91 and its 200-day moving average is $749.61. The stock has a market cap of $967.48 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 0.14 and a beta of 2.36. Micron Technology, Inc. has a 1 year low of $192.59 and a 1 year high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31.

Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same period in the prior year, the company earned $3.03 EPS. Micron Technology’s revenue 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 fiscal year.

Micron Technology Announces Dividend

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

About Micron Technology

(Free Report)

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.