1,729 Micron Technology, Inc. $MU Shares Sold by Mezzasalma Advisors LLC

Key Points

• Mezzasalma Advisors cut its Micron stake by 19.2% in the third quarter, selling 1,729 shares and retaining 7,294 shares valued at approximately $7.8 million. Institutional investors collectively own 80.84% of Micron.
• Micron reported a strong quarter, with revenue up 379.1% year over year to $54.23 billion and EPS of $33.42, exceeding analyst expectations. Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $1,407.88.
• Investors face potential risks from rising competition and market pressures: China’s CXMT is advancing server-memory technology, while higher inflation and a possible labor dispute in Taiwan could weigh on semiconductor stocks and Micron’s operations.

Mezzasalma Advisors LLC reduced its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 19.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,294 shares of the semiconductor manufacturer's stock after selling 1,729 shares during the quarter. Micron Technology makes up 1.5% of Mezzasalma Advisors LLC's portfolio, making the stock its 18th biggest holding. Mezzasalma Advisors LLC's holdings in Micron Technology were worth $7,769,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Kohmann Bosshard Financial Services LLC purchased a new position in Micron Technology in the first quarter valued at approximately $27,000. Bullseye Investment Management LLC purchased a new position in Micron Technology in the second quarter valued at about $27,000. Bayban acquired a new stake in shares of Micron Technology in the fourth quarter valued at about $29,000. Aventus Investment Advisors Inc. purchased a new stake in shares of Micron Technology during the third quarter valued at approximately $30,000. Finally, Steph & Co. purchased a new position in shares of Micron Technology in the third quarter valued at $31,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated Friday, August 21st. The shares were 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. This represents a 13.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the business's stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares of the company's stock, valued at approximately $34,958,000. The trade was a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 95,879 shares of company stock valued at $90,939,466 over the last quarter. 0.24% of the stock is owned by company insiders.

Micron Technology Price Performance

MU opened at $914.13 on Thursday. 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, Inc. has a 12-month low of $187.42 and a 12-month high of $1,255.00. The stock has a fifty day moving average of $984.86 and a 200-day moving average of $857.08. The firm has a market capitalization of $1.03 trillion, a P/E ratio of 12.32, a PEG ratio of 0.17 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly 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. The company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business's quarterly revenue was up 379.1% on a year-over-year basis. During the same period last year, the business earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities analysts forecast that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology's dividend payout ratio is currently 0.81%.

Micron Technology News Summary

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

• Positive Sentiment: Elon Musk praised Micron’s approach to future memory pricing, calling it “reasonable” and contrasting it with unnamed competitors he described as “extortionate.” The comments support Micron’s customer-focused strategy and could strengthen long-term relationships. Elon Musk Says Micron Has Been Reasonable on Future Pricing
• Positive Sentiment: Investors continue to point to Micron’s strong operating performance: fiscal fourth-quarter revenue increased 379% year over year to $54.23 billion, while earnings exceeded consensus estimates. AI demand, tight DRAM supply and expected HBM4 growth remain important upside drivers. Micron’s HBM4 Ramp-Up
• Positive Sentiment: Micron has signed 26 strategic customer agreements and secured commitments covering much of its fiscal 2027 output, improving demand visibility and reducing exposure to the traditional memory cycle. Its board also authorized roughly $35 billion in additional buybacks, while analysts at Erste Group raised their FY2027 earnings forecast. Micron’s Customer Contracts
• Neutral Sentiment: Several analysts and commentators called the selloff excessive, citing Micron’s low forward valuation, strong balance sheet, shareholder returns and long-term AI demand. However, the market remains skeptical that elevated profits can persist indefinitely.
• Negative Sentiment: The main catalyst was news that China’s ChangXin Memory Technologies (CXMT) is progressing toward a denser DRAM design aimed at server memory. Although commercial-scale production and yields remain unproven, investors fear future competition could weaken Micron’s pricing power and margins. CXMT Targets Server Memory
• Negative Sentiment: Hotter-than-expected U.S. inflation increased pressure on technology shares and contributed to a broader semiconductor selloff. Investors are also monitoring a potential labor dispute at Micron’s Taiwan operations, which could create production and delivery risks if a strike occurs. Why Memory Stocks Are Falling

Analysts Set New Price Targets

MU has been the subject of a number of recent analyst reports. Arete Research raised their price target on shares of Micron Technology from $852.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Weiss Ratings raised shares of Micron Technology from a "buy (b)" rating to a "buy (b+)" rating in a report on Monday. Zacks Research raised shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 6th. DA Davidson increased their target price on Micron Technology from $2,100.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Wednesday, October 7th. Finally, Susquehanna reiterated a "positive" rating on shares of Micron Technology in a research report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,407.88.

Micron Technology Profile

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.

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.