GRIMES & Co WEALTH MANAGEMENT LLC Sells 10,441 Shares of Micron Technology, Inc. $MU

Key Points

• GRIMES & Co Wealth Management LLC cut its Micron position by 37.8%, selling 10,441 shares and retaining 17,162 shares valued at approximately $18.28 million. Institutional investors and hedge funds collectively own 80.84% of Micron.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $1,407.88, supported by strong AI-related memory demand and multiyear customer agreements.
• Micron faces heightened volatility and downside risks, including cautious industry forecasts and substantial insider selling; the stock opened at $833.59 after falling 5.8%, despite reporting sharply higher earnings and revenue year over year.

GRIMES & Co WEALTH MANAGEMENT LLC decreased its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 37.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,162 shares of the semiconductor manufacturer's stock after selling 10,441 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in Micron Technology were worth $18,280,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bullseye Investment Management LLC acquired a new position in Micron Technology in the 2nd quarter valued at $27,000. Aventus Investment Advisors Inc. bought a new position in Micron Technology in the 3rd quarter worth $30,000. Steph & Co. acquired a new position in Micron Technology during the 3rd quarter worth $31,000. Montgomery Financial Services LLC acquired a new position in Micron Technology during the 2nd quarter worth $38,000. Finally, JNBA Financial Advisors boosted its holdings in Micron Technology by 77.3% during the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer's stock valued at $45,000 after acquiring an additional 17 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

More Micron Technology News

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?

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. KeyCorp reiterated an "overweight" rating on shares of Micron Technology in a research note on Thursday, October 1st. Needham & Company LLC restated a "buy" rating and set a $1,650.00 target price on shares of Micron Technology in a research note on Thursday, October 22nd. William Blair set a $1,300.00 target price on Micron Technology in a report on Thursday, October 1st. UBS Group reissued a "buy" rating and issued a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a research report on Wednesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Micron Technology in a research note on Thursday, October 1st. One 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. According to data from MarketBeat.com, Micron Technology presently has a consensus rating of "Moderate Buy" and an average target price of $1,407.88.

Insider Transactions at Micron Technology

In other news, insider Scott Deboer sold 28,545 shares of the company's stock in a transaction on Friday, October 16th. The stock was sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the transaction, the insider owned 147,430 shares of the company's stock, valued at $132,687,000. This represents a 16.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company'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 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. 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 90 days. 0.24% of the stock is owned by insiders.

Micron Technology Stock Down 5.8%

Shares of MU opened at $833.59 on Tuesday. The business's 50 day simple moving average is $976.02 and its 200-day simple moving average is $747.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. Micron Technology, Inc. has a one year low of $192.59 and a one year high of $1,255.00. The company has a market capitalization of $943.14 billion, a P/E ratio of 11.23, a PEG ratio of 0.17 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last issued 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 firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same quarter in the prior year, the firm earned $3.03 EPS. The company'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, sell-side analysts predict that Micron Technology, Inc. will post 177.03 EPS 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 paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 14th. Micron Technology's dividend payout ratio (DPR) is 0.81%.

Micron Technology Company 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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