Micron Technology, Inc. $MU Shares Sold by Gunderson Capital Management LLC

Key Points

• Gunderson Capital Management reduced its Micron stake by 18.2%, selling 3,267 shares and retaining 14,715 shares valued at approximately $15.7 million. Institutional investors collectively own 80.84% of Micron’s stock.
• Micron reported strong quarterly results, with EPS of $33.42 beating estimates and revenue rising 379.1% year over year to $54.23 billion. Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and an average price target of $1,407.88.
• Despite strong AI-related memory demand and favorable supply conditions, investors face risks from potential memory oversupply, cyclical volatility, broader semiconductor weakness and growing competition from China’s CXMT.

Gunderson Capital Management LLC decreased its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 18.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,715 shares of the semiconductor manufacturer's stock after selling 3,267 shares during the period. Micron Technology comprises 4.2% of Gunderson Capital Management LLC's portfolio, making the stock its 8th largest holding. Gunderson Capital Management LLC's holdings in Micron Technology were worth $15,673,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MU. Andar Capital Management HK Ltd grew its stake in shares of Micron Technology by 856,960.3% during the 2nd 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 during the period. Primecap Management Co. CA purchased a new position in Micron Technology during the second quarter valued at $22,182,263,000. Legal & General Group Plc purchased a new stake in Micron Technology in the second quarter worth about $8,402,393,000. Situational Awareness LP raised its stake in shares of Micron Technology by 1,149.0% in the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer's stock worth $5,573,819,000 after buying an additional 5,289,124 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in Micron Technology during the second quarter valued at approximately $3,761,237,000. 80.84% of the stock is owned by institutional investors.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron’s fundamental outlook remains strong. Fiscal 2026 revenue reportedly rose 256% to $133.2 billion, while tight DRAM and HBM supply is supporting significant margin expansion. The company is also accelerating construction of new fabs in Idaho and New York to increase capacity. Prediction: This Is What $2,000 Invested in Micron Stock Today Could Be Worth by 2029
• Positive Sentiment: Micron has signed 26 strategic customer agreements with pricing frameworks, helping reduce the traditional memory cycle risk. Its diversified customer base also means no single customer represented at least 10% of fiscal 2026 revenue. Micron's Customer Contracts Just Took the Memory Cycle Off the Table
• Positive Sentiment: Analysts and commentators continue to identify MU as a buy-the-dip opportunity, citing AI-driven revenue growth, expanding margins and a lower valuation than some peers. Erste Group also raised its FY2027 earnings estimate, while Rosenblatt reaffirmed a Buy rating.
• Positive Sentiment: Elon Musk praised Micron’s approach to future memory pricing, and strong demand for AI infrastructure is expected to support high-value HBM shipments. ASML’s reported order backlog through 2030 also reinforces the long-term equipment and HBM demand outlook. ASML Just Delivered Excellent News for Micron Stock Investors
• Neutral Sentiment: Micron’s market capitalization is trailing several large companies, including Eli Lilly and Berkshire Hathaway, highlighting both the stock’s substantial rally and the possibility that investors are reassessing its valuation after recent volatility.
• Negative Sentiment: The principal overhang is China’s ChangXin Memory Technologies (CXMT), which is advancing in DDR5, LPDDR5X and server-memory products. Investors fear that Chinese competition could pressure prices and margins, although analysts note CXMT currently appears more competitive in lower-end memory than in Micron’s premium HBM products.
• Negative Sentiment: A broader AI and semiconductor sell-off, concerns about a possible memory oversupply by 2029, higher inflation and potential interest-rate increases have contributed to recent selling. Cathie Wood’s warning that memory-chip cycles remain “vicious” underscores the risk that today’s exceptional profits may not persist.

Micron Technology Price Performance

Micron Technology stock opened at $931.24 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The stock has a market cap of $1.05 trillion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22. The firm has a 50-day moving average of $985.86 and a two-hundred day moving average of $861.12. Micron Technology, Inc. has a 1 year low of $192.40 and a 1 year high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) 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 business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the prior year, the company earned $3.03 EPS. The business's revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, research analysts forecast that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently commented on MU shares. DA Davidson boosted their price objective on Micron Technology from $2,100.00 to $3,000.00 and gave the company a "buy" rating in a research report on Wednesday, October 7th. William Blair set a $1,300.00 target price on Micron Technology in a research report on Thursday, October 1st. Zacks Research raised Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. ThinkEquity reiterated a "buy" rating on shares of Micron Technology in a research report on Monday, August 3rd. Finally, Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday, June 25th. One 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,407.88.

Insider Buying and Selling

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the business's stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction 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. The trade was a 2.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the transaction, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,879 shares of company stock worth $90,939,466 in the last 90 days. 0.24% of the stock is owned by corporate insiders.

Micron Technology Company 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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