GRIMES & Co WEALTH MANAGEMENT LLC Reduces Stock Holdings in Micron Technology, Inc. $MU

Key Points

• GRIMES & Co WEALTH MANAGEMENT LLC cut its Micron stake by 41.0% in Q4, selling 27,484 shares and leaving it with 39,614 shares valued at $11,306,000.
• Significant insider selling occurred recently: CEO Sanjay Mehrotra sold 40,000 shares (~$21.45M at $536.26) and EVP April Arnzen sold 40,000 shares (~$13.9M at $347.39), with insiders selling 104,000 shares in the past 90 days and owning about 0.24% of the stock.
• Despite selling and short‑term pullback warnings, Micron has rallied to near record highs (one‑year high $683.09), carries a market cap of about $729B, enjoys a consensus Buy from analysts with price targets rising into the $700s, and recently raised its quarterly dividend to $0.15 (annualized $0.60, ~0.1% yield).

GRIMES & Co WEALTH MANAGEMENT LLC cut its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 41.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,614 shares of the semiconductor manufacturer's stock after selling 27,484 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in Micron Technology were worth $11,306,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MU. REAP Financial Group LLC purchased a new position in shares of Micron Technology during the third quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Micron Technology during the third quarter worth approximately $27,000. Elevation Wealth Partners LLC grew its position in shares of Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock worth $27,000 after acquiring an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. grew its position in shares of Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 96 shares during the last quarter. Finally, GHP Investment Advisors Inc. grew its position in shares of Micron Technology by 91.2% during the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer's stock worth $31,000 after acquiring an additional 52 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Price Performance

Micron Technology stock opened at $646.63 on Friday. Micron Technology, Inc. has a one year low of $83.36 and a one year high of $683.09. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The business has a fifty day moving average of $435.84 and a two-hundred day moving average of $348.07. The company has a market cap of $729.22 billion, a P/E ratio of 30.53 and a beta of 1.91.

Micron Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were paid a dividend of $0.15 per share. This is a boost from Micron Technology's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology's dividend payout ratio is presently 2.83%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MU. Weiss Ratings restated a "buy (b-)" rating on shares of Micron Technology in a research report on Thursday, January 29th. HSBC increased their price target on Micron Technology from $350.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft increased their price target on Micron Technology from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, March 19th. Phillip Securities raised Micron Technology to a "strong-buy" rating in a report on Monday, February 2nd. Finally, Melius Research started coverage on Micron Technology in a report on Monday, April 27th. They set a "buy" rating and a $700.00 price target for the company. Five research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $478.24.

More Micron Technology News

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

• Positive Sentiment: Bull case: reports say the market still underestimates an AI memory “supercycle” that is tightening DRAM/NAND capacity and pushing prices and margins higher, supporting multi‑quarter revenue upside. Seeking Alpha: The AI Memory Supercycle
• Positive Sentiment: Product win: Micron began shipping a 245TB 6600 ION SSD for hyperscale/cloud AI storage — a high‑capacity product that can accelerate enterprise/hyperscaler adoption and lift enterprise SSD revenue. Yahoo Finance: 245TB SSD Launch
• Positive Sentiment: Analyst/price‑target momentum: firms and bullish coverage (including a notable $740 target) have pushed sentiment and helped MU reach record market caps, supporting continued institutional interest. Blockonomi: $740 Price Target
• Neutral Sentiment: Macro/sector context: broader AI infrastructure demand is lifting memory makers (and could raise device prices), which supports the cycle but also concentrates risk in AI spending trends. Investopedia: AI and Device Pricing
• Neutral Sentiment: Market mechanics: speculation about a possible stock split and heavy social/media chatter have amplified momentum and volume, increasing both upside interest and short‑term volatility. The Motley Fool: Stock‑Split Watch
• Negative Sentiment: Insider sale: CEO Sanjay Mehrotra sold 40,000 shares (SEC filing) — a headline that can prompt near‑term selling even though insiders still hold large stakes. SEC Filing: Insider Sale
• Negative Sentiment: Risk of pullback: analysts and commentators warn MU looks overbought (technical RSI/readings, rapid YTD gains), and some note demand concentration and possible re‑equilibration could trigger profit‑taking. Invezz: Overbought Warning
• Negative Sentiment: Immediate market action: a morning/previous session pullback was noted by market reporters and Zacks — MU has dipped more than the broader market in the latest session, reflecting short‑term rotation. Zacks: MU Dips More Than Market

Insider Transactions at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction on Friday, May 1st. The stock was sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the completion of the transaction, the chief executive officer owned 424,503 shares of the company's stock, valued at $227,643,978.78. The trade was a 8.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the transaction, the executive vice president directly owned 125,737 shares of the company's stock, valued at $43,679,776.43. This trade represents a 24.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 104,000 shares of company stock valued at $45,458,400 in the last 90 days. 0.24% of the stock is currently owned by insiders.

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

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