Goelzer Investment Management Inc. Acquires 2,497 Shares of Micron Technology, Inc. $MU

Key Points

• Goelzer Investment Management increased its Micron Technology stake by 235.1% in the third quarter, purchasing 2,497 additional shares for a total holding of 3,559 shares valued at approximately $3.79 million. Institutional investors collectively own 80.84% of Micron’s stock.
• Micron reported significantly stronger-than-expected quarterly results, including $33.42 in EPS and $54.23 billion in revenue, with revenue up 379.1% year over year. Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $1,407.88.
• Micron’s outlook benefits from strong AI and high-bandwidth memory demand, but investors face risks from potential Chinese competition, future memory oversupply, broader pressure on AI-related stocks, and substantial recent insider selling.

Goelzer Investment Management Inc. lifted its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 235.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,559 shares of the semiconductor manufacturer's stock after purchasing an additional 2,497 shares during the period. Goelzer Investment Management Inc.'s holdings in Micron Technology were worth $3,791,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in Micron Technology during the first quarter worth $27,000. Bullseye Investment Management LLC bought a new stake in Micron Technology during the 2nd quarter valued at $27,000. Bayban purchased a new position in shares of Micron Technology in the 4th quarter valued at $29,000. Aventus Investment Advisors Inc. purchased a new position in shares of Micron Technology in the 3rd quarter valued at $30,000. Finally, Steph & Co. purchased a new position in shares of Micron Technology in the 3rd quarter valued at $31,000. 80.84% of the stock is currently owned by institutional investors.

Insider Transactions at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the business's 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 sale, the chief executive officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the company'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 transaction, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 95,879 shares of company stock worth $90,939,466. Insiders own 0.24% of the company's stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron’s long-term outlook remains supported by tight memory supply and robust AI demand. Analysts and commentators point to expanding margins, pricing strength, high-bandwidth memory (HBM) growth, and management’s expectation that supply constraints could persist through 2028. Micron: Why You Should Buy Before Dec'26
• Positive Sentiment: Recent results exceeded expectations: fiscal fourth-quarter revenue reached approximately $54.2 billion, above the high end of management’s outlook, while full-year revenue reportedly rose to about $133.2 billion. Supporters also cite long-term customer agreements, price floors, potential share repurchases under Micron’s $35 billion authorization, and continued investment in U.S. manufacturing. Micron Stock Is 25% Below Its June Record
• Positive Sentiment: ASML’s comments that demand for advanced chipmaking equipment exceeds supply through 2028 are viewed as favorable for Micron, a major ASML customer developing next-generation HBM products. Micron also pledged $50 million to U.S. memory research, reinforcing its domestic technology and supply-chain strategy. ASML Just Delivered Excellent News for Micron Stock Investors
• Neutral Sentiment: Several analysts continue to describe the retreat as a potential buying opportunity, citing Micron’s valuation and earnings growth. However, bullish price targets depend on memory demand remaining strong and the current pricing cycle lasting longer than expected.
• Negative Sentiment: Investors remain concerned that CXMT’s progress in DDR5, LPDDR5X, and server memory could pressure pricing and market share, particularly in conventional memory. A possible industry oversupply later this decade adds to the cyclical risk. Memory stocks are getting hammered
• Negative Sentiment: The broader AI trade is under pressure as investors question whether data-center spending can generate adequate returns and whether highly leveraged “neocloud” companies can remain viable. Higher inflation and the prospect of additional interest-rate increases are also encouraging rotation away from expensive technology stocks.
• Negative Sentiment: One senior executive sold 6,328 Micron shares on October 14. The transaction appears isolated and is small relative to the company, but it adds a modest negative signal during an already weak trading period. Monster insider trading alert for Micron stock

Micron Technology Stock Performance

Shares of MU stock opened at $878.84 on Friday. Micron Technology, Inc. has a 12-month low of $192.40 and a 12-month high of $1,255.00. The business's fifty day simple moving average is $985.88 and its 200-day simple moving average is $861.24. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The company has a market cap of $994.34 billion, a PE ratio of 11.84, a PEG ratio of 0.16 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data 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. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The firm had revenue of $54.23 billion during the quarter, compared to analysts' expectations of $51.33 billion. During the same quarter last year, the firm earned $3.03 EPS. The business's quarterly 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. Analysts expect that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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 issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. Micron Technology's dividend payout ratio (DPR) is currently 0.81%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MU shares. Wedbush restated an "outperform" rating and set a $1,400.00 price objective on shares of Micron Technology in a research note on Monday, September 28th. BNP Paribas Exane raised their price objective on Micron Technology from $615.00 to $1,700.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $2,000.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. JPMorgan Chase & Co. boosted their target price on shares of Micron Technology from $550.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, June 25th. Finally, President Capital boosted their target price on shares of Micron Technology to $1,500.00 and gave the stock a "buy" rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.

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.