GK Wealth Management LLC Sells 1,050 Shares of Micron Technology, Inc. $MU

Key Points

• GK Wealth Management reduced its Micron stake by 18.6%, selling 1,050 shares and retaining 4,585 shares valued at approximately $4.88 million. Micron remains the fund’s third-largest holding and represents 2.7% of its portfolio.
• Micron reported strong quarterly results, with revenue up 379.1% year over year to $54.23 billion and EPS of $33.42, ahead of estimates. Management guided for fiscal Q1 2027 EPS of $37.15–$39.15, supported by strong AI-related memory demand.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $1,407.88, although concerns include potentially peaking memory margins, future supply increases, bearish semiconductor options activity and recent insider selling.

GK Wealth Management LLC reduced its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 18.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,585 shares of the semiconductor manufacturer's stock after selling 1,050 shares during the quarter. Micron Technology comprises 2.7% of GK Wealth Management LLC's portfolio, making the stock its 3rd biggest holding. GK Wealth Management LLC's holdings in Micron Technology were worth $4,883,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd boosted its holdings in Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock valued at $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA acquired a new stake in shares of Micron Technology during the 2nd quarter worth approximately $22,182,263,000. Bank of America Corp DE grew its position in shares of Micron Technology by 26.6% during the 2nd quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer's stock worth $11,744,621,000 after buying an additional 2,136,470 shares during the period. Invesco Ltd. lifted its holdings in Micron Technology by 1.6% during the fourth quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer's stock worth $2,790,522,000 after acquiring an additional 155,073 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Micron Technology during the 2nd quarter worth approximately $8,402,393,000. 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: 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

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred on 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 owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott Allen sold 879 shares of the business's stock in a transaction dated Thursday, July 23rd. The shares were 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. This represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is owned by corporate insiders.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $1,029.00 on Friday. 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 $179.61 and a twelve month high of $1,255.00. The firm has a market capitalization 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 stock's 50-day simple moving average is $980.05 and its two-hundred day simple moving average is $841.86.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating 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 company had revenue of $54.23 billion during the quarter, compared to analysts' expectations of $51.33 billion. During the same quarter in the prior year, the company earned $3.03 EPS. The firm's revenue 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 anticipate that Micron Technology, Inc. will post 175.82 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology's dividend payout ratio is presently 0.81%.

Wall Street Analyst Weigh In

Several research analysts recently commented on MU shares. Seaport Research Partners restated a "buy" rating on shares of Micron Technology in a report on Friday, August 14th. Itau BBA Securities raised their target price on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Wells Fargo & Company cut their target price on shares of Micron Technology from $1,525.00 to $1,400.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 23rd. Wolfe Research set a $1,500.00 target price on Micron Technology in a report on Thursday, June 25th. Finally, ThinkEquity reissued a "buy" rating on shares of Micron Technology in a research report on Monday, August 3rd. One equities research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.

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