6,636 Micron Technology, Inc. $MU Shares Sold by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management cut its Micron position by 21.2%, selling 6,636 shares and retaining 24,688 shares valued at approximately $25.6 million. Institutional investors overall own 80.84% of Micron.
• Micron reported substantially stronger-than-expected quarterly results, including $54.23 billion in revenue and adjusted EPS of $33.42, with revenue up 379.1% year over year. Analysts maintain a broadly bullish outlook, with a consensus rating of “Moderate Buy” and an average price target of $1,407.88.
• Investor risks include insider selling totaling about $90.9 million over the past three months, growing competition from China’s CXMT, and concerns that a slowdown in AI infrastructure spending could weaken demand for Micron’s memory products.

NorthCrest Asset Manangement LLC lowered its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 21.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,688 shares of the semiconductor manufacturer's stock after selling 6,636 shares during the period. NorthCrest Asset Manangement LLC's holdings in Micron Technology were worth $25,572,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MU. DWR Wealth Management LLC bought a new stake in shares of Micron Technology in the third quarter valued at about $209,000. Perpetual Ltd boosted its stake in Micron Technology by 408.7% in the 3rd quarter. Perpetual Ltd now owns 42,495 shares of the semiconductor manufacturer's stock valued at $45,262,000 after buying an additional 34,141 shares in the last quarter. Vertrix Wealth Management LLC lifted its holdings in shares of Micron Technology by 12.0% during the third quarter. Vertrix Wealth Management LLC now owns 281 shares of the semiconductor manufacturer's stock valued at $299,000 after acquiring an additional 30 shares during the period. JGP Wealth Management LLC boosted its position in Micron Technology by 19.3% in the third quarter. JGP Wealth Management LLC now owns 2,354 shares of the semiconductor manufacturer's stock valued at $2,507,000 after buying an additional 380 shares in the last quarter. Finally, Scott Capital Advisors LLC boosted its holdings in shares of Micron Technology by 50.9% in the 3rd quarter. Scott Capital Advisors LLC now owns 347 shares of the semiconductor manufacturer's stock worth $377,000 after acquiring an additional 117 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron increased its share-repurchase authorization to a record $35.16 billion, with buybacks expected to begin shortly. The plan signals management’s confidence in cash generation and could support earnings per share. Why Is Micron Stock Rising Today?
• Positive Sentiment: Micron’s latest results substantially exceeded expectations, with $54.23 billion in revenue and $33.42 in adjusted EPS, while revenue surged 379% year over year. Analysts remain optimistic about AI-related memory demand, tight DRAM supply and long-term customer agreements. One bullish analyst raised a price target to $3,000, while several research firms continue to rate MU favorably. Micron: More For Longer
• Neutral Sentiment: Despite the recent pullback, valuation screens continue to identify Micron as an attractive value and growth stock, with a low forward earnings multiple and strong earnings momentum. However, investor sentiment remains cautious after the stock’s substantial year-to-date advance. Micron Is a Top-Ranked Value Stock
• Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design aimed at server memory. The development has renewed concerns that Chinese competition could eventually pressure Micron’s pricing power, margins and market share. Micron Stock Falls on Competition From China Rival CXMT
• Negative Sentiment: Elon Musk’s warning regarding Chinese memory chips added to the market’s concerns, while a broader selloff in semiconductor shares and weakness in South Korean technology stocks amplified pressure on MU. Micron Stock Falls Again as Musk Issues Warning on Chinese Memory
• Negative Sentiment: Investors are also questioning whether AI infrastructure spending can remain strong after Australian data-center company Firmus canceled its IPO because of weak demand. Any slowdown in AI investment could reduce future demand for Micron’s high-value memory products. Nvidia and Micron Received Bad News From an Unlikely Place

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the business's 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 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 264,503 shares of the company's stock, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 95,879 shares of company stock worth $90,939,466. Insiders own 0.24% of the company's stock.

Micron Technology Price Performance

Shares of MU opened at $989.04 on Tuesday. 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 twelve month low of $186.25 and a twelve month high of $1,255.00. The stock has a market capitalization of $1.12 trillion, a P/E ratio of 13.33, a P/E/G ratio of 0.18 and a beta of 2.22. The company has a 50 day moving average of $983.23 and a 200-day moving average of $849.12.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping 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 business had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same quarter in the previous year, the firm 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. As a group, equities research analysts forecast that Micron Technology, Inc. will post 175.82 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology's payout ratio is presently 0.81%.

Wall Street Analysts Forecast Growth

MU has been the subject of several research reports. BMO Capital Markets restated an "outperform" rating on shares of Micron Technology in a research report on Thursday, October 1st. Morgan Stanley restated an "overweight" rating and set a $1,200.00 target price on shares of Micron Technology in a research report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Micron Technology in a report on Thursday, October 1st. Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday, June 25th. Finally, TD Cowen restated a "buy" rating and set a $1,600.00 price objective on shares of Micron Technology in a 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 assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,407.88.

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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