Chemistry Wealth Management LLC reduced its holdings in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 90.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 388 shares of the semiconductor manufacturer’s stock after selling 3,784 shares during the period. Chemistry Wealth Management LLC’s holdings in Micron Technology were worth $413,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Annex Advisory Services LLC lifted its stake in Micron Technology by 849.9% in the third quarter. Annex Advisory Services LLC now owns 50,382 shares of the semiconductor manufacturer’s stock valued at $53,662,000 after buying an additional 45,078 shares during the period. BostonPremier Wealth LLC increased its stake in shares of Micron Technology by 9.4% in the 3rd quarter. BostonPremier Wealth LLC now owns 514 shares of the semiconductor manufacturer’s stock valued at $548,000 after acquiring an additional 44 shares in the last quarter. Franchise GP Ltd increased its stake in shares of Micron Technology by 6.1% in the 3rd quarter. Franchise GP Ltd now owns 14,200 shares of the semiconductor manufacturer’s stock valued at $15,125,000 after acquiring an additional 820 shares in the last quarter. Riverbend Wealth Management LLC increased its stake in shares of Micron Technology by 48.2% in the 3rd quarter. Riverbend Wealth Management LLC now owns 1,064 shares of the semiconductor manufacturer’s stock valued at $1,133,000 after acquiring an additional 346 shares in the last quarter. Finally, ACT Advisors LLC. lifted its position in shares of Micron Technology by 23.9% during the 3rd quarter. ACT Advisors LLC. now owns 560 shares of the semiconductor manufacturer’s stock valued at $597,000 after acquiring an additional 108 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated 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 transaction, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 95,879 shares of company stock worth $90,939,466. Insiders own 0.24% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on MU. Robert W. Baird increased their target price on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the stock an “outperform” rating in a research note on Monday, September 28th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. Arete Research lifted their price target on shares of Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. DA Davidson upped 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 report on Wednesday, October 7th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. One 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.
View Our Latest Research Report on MU
Micron Technology Trading Down 5.6%
NASDAQ MU opened at $878.84 on Friday. The company has a market cap of $994.34 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 0.16 and a beta of 2.22. Micron Technology, Inc. has a 52 week low of $192.40 and a 52 week high of $1,255.00. The business has a 50 day moving average price of $985.88 and a 200-day moving average price of $861.24. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03.
Micron Technology (NASDAQ:MU – Get Free Report) last issued its earnings results 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. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same period in the prior year, the firm earned $3.03 earnings per share. Micron Technology’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. As a group, 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 disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio is presently 0.81%.
Micron Technology News Summary
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Micron’s long-term outlook remains supported by tight memory supply and robust AI demand. Analysts and commentators point to expanding margins, pricing strength, high-bandwidth memory (HBM) growth, and management’s expectation that supply constraints could persist through 2028. Micron: Why You Should Buy Before Dec’26
- Positive Sentiment: Recent results exceeded expectations: fiscal fourth-quarter revenue reached approximately $54.2 billion, above the high end of management’s outlook, while full-year revenue reportedly rose to about $133.2 billion. Supporters also cite long-term customer agreements, price floors, potential share repurchases under Micron’s $35 billion authorization, and continued investment in U.S. manufacturing. Micron Stock Is 25% Below Its June Record
- Positive Sentiment: ASML’s comments that demand for advanced chipmaking equipment exceeds supply through 2028 are viewed as favorable for Micron, a major ASML customer developing next-generation HBM products. Micron also pledged $50 million to U.S. memory research, reinforcing its domestic technology and supply-chain strategy. ASML Just Delivered Excellent News for Micron Stock Investors
- Neutral Sentiment: Several analysts continue to describe the retreat as a potential buying opportunity, citing Micron’s valuation and earnings growth. However, bullish price targets depend on memory demand remaining strong and the current pricing cycle lasting longer than expected.
- Negative Sentiment: Investors remain concerned that CXMT’s progress in DDR5, LPDDR5X, and server memory could pressure pricing and market share, particularly in conventional memory. A possible industry oversupply later this decade adds to the cyclical risk. Memory stocks are getting hammered
- Negative Sentiment: The broader AI trade is under pressure as investors question whether data-center spending can generate adequate returns and whether highly leveraged “neocloud” companies can remain viable. Higher inflation and the prospect of additional interest-rate increases are also encouraging rotation away from expensive technology stocks.
- Negative Sentiment: One senior executive sold 6,328 Micron shares on October 14. The transaction appears isolated and is small relative to the company, but it adds a modest negative signal during an already weak trading period. Monster insider trading alert for Micron stock
About Micron Technology
Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.
The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.
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