Micron Technology, Inc. $MU Shares Sold by Morse Asset Management Inc

Key Points

• Morse Asset Management reduced its Micron stake by 37.4% in Q3, selling 18,243 shares and retaining 30,592 shares valued at about $5.12 million (≈1.0% of the fund, its 29th largest holding).
• Micron reported a strong quarter — EPS $4.78 vs. $3.77 expected and revenue $13.64B (up 56.7% YoY) — and analysts have raised price targets into the ~$430–$500 area on product ramps (HBM4, PCIe Gen6 SSD) and capacity expansion, pushing the stock toward 52‑week highs.
• There has been notable insider selling recently (73,623 shares sold vs. 23,200 bought over 90 days), including large sales by senior executives, a potential cautionary signal despite roughly 80.84% institutional ownership.

Morse Asset Management Inc lowered its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 37.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,592 shares of the semiconductor manufacturer's stock after selling 18,243 shares during the quarter. Micron Technology makes up approximately 1.0% of Morse Asset Management Inc's portfolio, making the stock its 29th biggest position. Morse Asset Management Inc's holdings in Micron Technology were worth $5,119,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. REAP Financial Group LLC acquired a new position in shares of Micron Technology in the 3rd quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Micron Technology during the 3rd quarter worth $27,000. Howard Hughes Medical Institute acquired a new stake in Micron Technology during the 2nd quarter worth $30,000. Cullen Frost Bankers Inc. grew its position in Micron Technology by 79.3% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer's stock worth $33,000 after purchasing an additional 88 shares during the last quarter. Finally, WealthCollab LLC grew its position in Micron Technology by 4,500.0% during the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer's stock worth $34,000 after purchasing an additional 270 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Trading Up 3.7%

NASDAQ MU opened at $441.80 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $497.25 billion, a P/E ratio of 42.00 and a beta of 1.50. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $455.50. The firm has a 50-day moving average price of $393.94 and a 200 day moving average price of $276.09.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating analysts' consensus estimates of $3.77 by $1.01. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same quarter in the previous year, the company earned $1.79 EPS. The firm's revenue for the quarter was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were paid a $0.115 dividend. The ex-dividend date was Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology's payout ratio is 4.37%.

Insider Transactions at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 2,000 shares of the firm's stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total value of $675,000.00. Following the completion of the sale, the chief accounting officer owned 38,237 shares of the company's stock, valued at approximately $12,904,987.50. This trade represents a 4.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Manish H. Bhatia sold 26,623 shares of the business's stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the sale, the executive vice president owned 323,486 shares in the company, valued at $126,495,965.44. The trade was a 7.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders bought 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. 0.24% of the stock is owned by corporate insiders.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Wall Street lifts targets and ratings — multiple brokers (RBC, TD Cowen, Rosenblatt, Baird and others) have raised price targets into the ~$500 area on stronger AI memory demand and tighter DRAM pricing, supporting upside expectations. Article Title
• Positive Sentiment: Production milestones: Micron says HBM4 36GB, PCIe Gen6 SSD and SOCAMM2 families are in high‑volume production — these product ramps directly address data‑center/AI customers (NVIDIA cited) and should support near‑term revenue and margin improvements. Article Title
• Positive Sentiment: Tongluo (Taiwan) acquisition and second‑fab plan — Micron completed the PSMC Tongluo P5 site acquisition and plans a second facility, expanding cleanroom capacity to support AI DRAM/HBM shipments (meaningful shipments expected from fiscal 2028). This strengthens capacity roadmap for sustained AI demand. Article Title
• Neutral Sentiment: Momentum and technicals: MU is trading near 52‑week highs with bullish MACD and strong institutional flows; technical strength is attracting momentum traders into earnings week. Article Title
• Neutral Sentiment: Pre‑earnings positioning and mixed investor moves — hedge funds and some billionaire filings show rotation into MU while others trim peers; traders are pricing in a possible beat but volatility around the print remains possible. Article Title
• Negative Sentiment: Downcycle risk and timing: some analysts and commentary warn a memory downcycle could arrive sooner than expected, and the Tongluo site won't meaningfully contribute until FY2028 — both raise execution/timing risk for near‑term revenue. Article Title
• Negative Sentiment: Insider selling: public filings and data summaries show notable insider sales activity in recent months, which some investors view as a cautionary flag despite institutional accumulation. Article Title

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MU shares. Citigroup upped their target price on shares of Micron Technology from $385.00 to $430.00 and gave the company a "buy" rating in a report on Monday, March 9th. Rosenblatt Securities restated a "buy" rating and issued a $500.00 price target on shares of Micron Technology in a research report on Monday. KeyCorp upped their price objective on Micron Technology from $325.00 to $450.00 and gave the company an "overweight" rating in a research note on Tuesday, January 13th. UBS Group increased their price objective on Micron Technology to $475.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Micron Technology in a report on Thursday, January 29th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $394.59.

Micron Technology Company 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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