1,772 Micron Technology, Inc. $MU Shares Bought by Gerber Kawasaki Wealth & Investment Management

Key Points

• Gerber Kawasaki increased its Micron stake by 4.1% in the third quarter, purchasing 1,772 shares and bringing its holdings to 44,827 shares valued at approximately $47.7 million. Institutional investors collectively own 80.84% of Micron.
• Micron insiders sold 83,545 shares worth about $78.5 million during the latest quarter, including sales by CEO Sanjay Mehrotra and EVP Sumit Sadana.
• Analysts remain broadly bullish, with Micron carrying a “Moderate Buy” consensus rating and an average price target of $1,407.88, despite recent volatility and concerns that memory shortages and AI-driven demand could weaken.

Gerber Kawasaki Wealth & Investment Management lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,827 shares of the semiconductor manufacturer's stock after purchasing an additional 1,772 shares during the period. Micron Technology accounts for about 1.2% of Gerber Kawasaki Wealth & Investment Management's portfolio, making the stock its 23rd biggest position. Gerber Kawasaki Wealth & Investment Management's holdings in Micron Technology were worth $47,747,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gibbs Wealth Management grew its stake in Micron Technology by 52.7% in the third quarter. Gibbs Wealth Management now owns 6,041 shares of the semiconductor manufacturer's stock valued at $6,435,000 after acquiring an additional 2,085 shares during the period. Denali Advisors LLC bought a new stake in shares of Micron Technology during the second quarter valued at approximately $7,364,000. Castleark Management LLC acquired a new position in shares of Micron Technology during the first quarter worth approximately $3,709,000. Oppenheimer & Co. Inc. raised its position in shares of Micron Technology by 16.0% during the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer's stock worth $56,006,000 after purchasing an additional 6,702 shares during the period. Finally, Legacy Wealth Management LLC MS lifted its holdings in shares of Micron Technology by 73.3% in the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer's stock worth $4,091,000 after purchasing an additional 1,499 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Insider Activity

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the business's 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 transaction, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sumit Sadana sold 15,000 shares of the company's stock in a transaction dated Tuesday, August 18th. The stock was 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 of the company's stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 83,545 shares of company stock worth $78,460,850 over the last quarter. Insiders own 0.24% of the company's stock.

Micron Technology News Roundup

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

• Positive Sentiment: Micron is reportedly positioned to increase stock repurchases beginning December 9, when restrictions related to the federal CHIPS Act are expected to expire. Buybacks could support earnings per share and signal management confidence in the stock’s valuation. Micron Expected to Launch Massive Stock Buybacks in December
• Positive Sentiment: Long-term demand remains a key bullish argument. SK hynix reported record results and said memory demand could exceed supply through 2030, while Micron has multiyear customer agreements covering more than 35% of projected revenue through that year. Micron has also co-developed memory technology with NVIDIA and secured advance shipments for AI infrastructure. SK hynix Says Memory Demand Beats Supply Through 2030
• Positive Sentiment: Some analysts and commentators still view Micron as inexpensive relative to its growth potential, citing sharply higher AI-driven memory demand, expected fiscal 2027 earnings growth, and a valuation near historic lows for a company with strong recent operating performance. Why Micron Stock Looks Cheap After a Record Year
• Neutral Sentiment: Analysts remain broadly optimistic after Micron’s substantial outperformance over the past year, but the stock’s elevated volatility and large gains have increased sensitivity to any disappointing industry outlook. Are Wall Street Analysts Predicting Micron Technology Stock Will Climb or Sink?
• Negative Sentiment: Kioxia’s cautious forecast triggered weakness across memory stocks, renewing fears that the industry’s shortage and pricing strength may be approaching a peak. Kioxia’s Cautious Outlook Hits Memory Stocks
• Negative Sentiment: Trading volume has fallen, suggesting reduced retail interest, while critics warn that Micron could suffer a steep decline if the memory shortage ends or AI spending moderates. Market commentator Tom Sosnoff also argued that Micron and other major AI-chip stocks have not declined enough to be compelling buys. Micron Technology: Is This a Sign That Its Stock Has Already Peaked?

Wall Street Analysts Forecast Growth

MU has been the subject of several research reports. Rosenblatt Securities reissued a "buy" rating and issued a $1,900.00 price target on shares of Micron Technology in a research report on Thursday, October 22nd. Sanford C. Bernstein restated an "outperform" rating on shares of Micron Technology in a report on Thursday, October 1st. Susquehanna reiterated a "positive" rating on shares of Micron Technology in a report on Thursday, October 1st. KeyCorp reiterated an "overweight" rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, Mizuho boosted their target price on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a research report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Micron Technology currently has an average rating of "Moderate Buy" and a consensus target price of $1,407.88.

Micron Technology Stock Down 5.8%

Shares of NASDAQ:MU opened at $833.59 on Tuesday. The business's 50 day moving average is $976.02 and its 200 day moving average is $747.00. Micron Technology, Inc. has a 12-month low of $192.59 and a 12-month high of $1,255.00. The stock has a market cap of $943.14 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 0.17 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.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating 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 business had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same period in the prior year, the firm posted $3.03 EPS. Micron Technology's quarterly revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, sell-side analysts forecast that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Micron Technology Profile

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.

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