Micron Technology, Inc. $MU Shares Sold by GK Wealth Management LLC

GK Wealth Management LLC trimmed its holdings in Micron Technology, Inc. (NASDAQ:MU) by 18.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,585 shares of the semiconductor manufacturer’s stock after selling 1,050 shares during the period. Micron Technology comprises approximately 2.7% of GK Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. GK Wealth Management LLC’s holdings in Micron Technology were worth $4,883,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MU. Bill Few Associates Inc. raised its position in shares of Micron Technology by 34.6% in the 3rd quarter. Bill Few Associates Inc. now owns 525 shares of the semiconductor manufacturer’s stock worth $559,000 after acquiring an additional 135 shares in the last quarter. Avaii Wealth Management LLC increased its holdings in Micron Technology by 15.1% in the 3rd quarter. Avaii Wealth Management LLC now owns 4,930 shares of the semiconductor manufacturer’s stock worth $5,299,000 after buying an additional 645 shares during the period. Riversedge Advisors LLC grew its position in Micron Technology by 10.8% during the 3rd quarter. Riversedge Advisors LLC now owns 2,657 shares of the semiconductor manufacturer’s stock worth $2,830,000 after purchasing an additional 258 shares during the period. Wedmont Private Capital raised its position in Micron Technology by 18.5% during the third quarter. Wedmont Private Capital now owns 20,367 shares of the semiconductor manufacturer’s stock valued at $21,097,000 after acquiring an additional 3,184 shares in the last quarter. Finally, Journey Retirement Planning & Investment Management LLC boosted its stake in shares of Micron Technology by 113.7% during the 3rd quarter. Journey Retirement Planning & Investment Management LLC now owns 1,323 shares of the semiconductor manufacturer’s stock worth $1,409,000 after acquiring an additional 704 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology News Roundup

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

• Positive Sentiment: Analysts remain optimistic about Micron’s long-term upside. Seeking Alpha assigns the stock a Buy rating and a $1,307 base-case target, citing AI infrastructure demand, supply constraints and the possibility that MU remains undervalued even if memory prices decline by 15%. Micron: Even If Memory Prices Fall 15%, It May Still Be Undervalued
• Positive Sentiment: The bullish investment case is supported by Micron’s latest results: fiscal fourth-quarter revenue rose 379% year over year to $54.23 billion, adjusted EPS reached $33.42, and management projected fiscal first-quarter 2027 EPS of $37.15–$39.15. More than 75% of fiscal 2027 shipments are reportedly committed, improving demand visibility. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Positive Sentiment: AI-related demand remains the central catalyst. Tight high-bandwidth memory supply, expanding data-center deployments and emerging AI-agent workloads are expected to support DRAM, NAND and server-memory demand. Several reports also point to favorable earnings revisions and potential year-end strength for AI semiconductor stocks. 3 Top-Ranked Stocks Breaking Records on AI-Related Demand
• Neutral Sentiment: Micron received a Zacks upgrade to Strong Buy, while other commentary highlighted its high return on equity, strong cash flow and potential for substantially higher future earnings. However, many of the most aggressive targets are highly dependent on unusually strong memory pricing and earnings growth. Micron Technology Stock Rating Upgraded by Zacks Research
• Negative Sentiment: Near-term trading has been pressured by an options market increasingly positioned for semiconductor weakness: put volume in the SMH ETF substantially exceeded call volume, signaling hedging or bearish speculation across chip stocks. Two Massive Trades in Micron and Nvidia
• Negative Sentiment: Investors remain concerned that memory margins may be peaking and that supply will eventually catch up with demand. A weaker-than-expected interpretation of OpenAI revenue data and Samsung’s record but slower-growing profit also triggered caution toward AI and memory stocks. Micron additionally faces labor uncertainty after a Taiwan union authorized strike action over a bonus dispute. Micron, Nvidia and AI Chip Stocks Fall

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Erste Group Bank raised shares of Micron Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Raymond James Financial reaffirmed an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. Barclays lifted their price objective on Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Needham & Company LLC reissued a “buy” rating and issued a $1,650.00 price objective on shares of Micron Technology in a report on Thursday, October 1st. Finally, Susquehanna restated a “positive” rating on shares of Micron Technology in a report on Thursday, October 1st. One equities research 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Stock Performance

NASDAQ MU opened at $1,029.00 on Friday. The firm has a market cap of $1.16 trillion, a P/E ratio of 13.87, a P/E/G ratio of 0.18 and a beta of 2.22. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $980.05 and its 200 day moving average price is $841.86. Micron Technology, Inc. has a 52-week low of $179.61 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. During the same period in the prior year, the company posted $3.03 earnings per share. The firm’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. On average, equities research analysts expect that Micron Technology, Inc. will post 175.82 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be given a $0.15 dividend. The ex-dividend date is 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%.

Insiders Place Their Bets

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares of the company’s stock, valued at $34,958,000. This represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value 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. The trade was a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 95,879 shares of company stock worth $90,939,466. Insiders own 0.24% of the company’s 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.