Micron Technology, Inc. $MU Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak cut its Micron stake by 61.2% in the third quarter, selling 1,370 shares and retaining 867 shares valued at approximately $923,000. Institutional investors and hedge funds collectively own 80.84% of Micron.
• Micron insiders sold 95,879 shares worth roughly $90.9 million over the past three months, while corporate insiders own just 0.24% of the stock.
• Analyst sentiment remains broadly positive: Micron has an average “Moderate Buy” rating and a $1,407.88 average price target after strong quarterly results, including $54.23 billion in revenue and earnings of $33.42 per share. However, shares fell 2.8% amid concerns about Chinese competition, potential labor disruptions, and a $600 million Netlist settlement.

Thurston Springer Miller Herd & Titak Inc. reduced its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 61.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 867 shares of the semiconductor manufacturer's stock after selling 1,370 shares during the period. Micron Technology makes up approximately 1.5% of Thurston Springer Miller Herd & Titak Inc.'s investment portfolio, making the stock its 7th biggest position. Thurston Springer Miller Herd & Titak Inc.'s holdings in Micron Technology were worth $923,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Andar Capital Management HK Ltd grew its stake in shares of Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock worth $39,571,847,000 after buying an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA acquired a new stake in Micron Technology during the 2nd quarter worth approximately $22,182,263,000. Bank of America Corp DE grew its holdings in Micron Technology by 26.6% during the 2nd quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer's stock worth $11,744,621,000 after acquiring an additional 2,136,470 shares during the last quarter. Invesco Ltd. grew its holdings in Micron Technology by 1.6% during the 4th quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer's stock worth $2,790,522,000 after acquiring an additional 155,073 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in Micron Technology during the 2nd quarter worth approximately $8,402,393,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Scott Allen sold 879 shares of the firm'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 completion of the sale, the chief accounting officer owned 34,958 shares of the company's stock, valued at $34,958,000. This trade represents a 2.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Sumit Sadana sold 15,000 shares of the business's stock in a transaction on 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 $178,469,010.09. The trade was a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. DA Davidson raised their price target on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the company a "buy" rating in a research note on Wednesday, October 7th. Wolfe Research set a $1,500.00 price target on shares of Micron Technology in a report on Thursday, June 25th. Zacks Research raised shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. Rosenblatt Securities restated a "buy" rating and issued a $1,900.00 price objective on shares of Micron Technology in a report on Tuesday. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $1,500.00 price objective on shares of Micron Technology in a report on Thursday, October 1st. One equities research 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,407.88.

More Micron Technology News

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

• Positive Sentiment: Strong AI-driven demand and customer commitments support the outlook. Micron has secured long-term agreements with major customers, including 26 strategic contracts and commitments covering a substantial portion of fiscal 2027 output. Analysts argue these arrangements could reduce the company’s exposure to the traditional memory cycle. Micron's Customer Contracts Just Took the Memory Cycle Off the Table
• Positive Sentiment: Buybacks and bullish analyst views provide potential support. Micron’s board authorized roughly $35 billion in share repurchases, while Rosenblatt maintained a Buy rating with a $1,900 price target. Erste Group also raised its fiscal 2027 earnings estimate to $173.31 per share. These actions suggest confidence in future cash generation, although the buyback’s impact depends on the company’s December update. Micron’s Buybacks Should Be Opening Your Eyes Right Now
• Positive Sentiment: Elon Musk praised Micron’s pricing strategy. Musk said Micron has been reasonable on future memory prices, contrasting it with unnamed competitors he called “extortionate.” The comments may reinforce the view that Micron is prioritizing long-term customer relationships and could offer modest sentiment support. Elon Musk Says Micron Has Been Reasonable on Future Pricing
• Neutral Sentiment: Recent results remain very strong, but investors question their durability. Fiscal fourth-quarter revenue rose 379% year over year to $54.23 billion, and adjusted EPS exceeded expectations. However, Micron’s low forward valuation indicates that investors expect current earnings and margins to be near cyclical highs.
• Negative Sentiment: China’s CXMT is the primary source of selling pressure. Investors are concerned that ChangXin Memory Technologies’ progress on denser 4F-square DRAM could eventually challenge Micron in high-end server memory and weaken pricing power. The technology is not yet proven at commercial scale, but the possibility of future oversupply has triggered broad selling across memory stocks. Memory Stocks Extend Slide Following News of a Design Breakthrough in China
• Negative Sentiment: Additional risks include a potential Taiwan labor disruption and a $600 million Netlist settlement. A strike authorization at Micron’s Taoyuan facility could affect production if negotiations fail, while quarterly settlement payments will weigh on future cash flow. These concerns are amplifying profit-taking after MU’s substantial run-up.

Micron Technology Trading Down 2.8%

MU traded down $26.42 during trading on Wednesday, reaching $926.77. 14,898,531 shares of the stock traded hands, compared to its average volume of 41,138,832. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.05 trillion, a PE ratio of 12.48, a P/E/G ratio of 0.17 and a beta of 2.22. The stock's 50-day moving average is $984.44 and its 200 day moving average is $853.14. Micron Technology, Inc. has a 12 month low of $187.42 and a 12 month high of $1,255.00.

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 the consensus estimate of $31.77 by $1.65. The firm had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business's quarterly revenue was up 379.1% on a year-over-year basis. During the same period last year, the company posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 175.82 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology's payout ratio is presently 0.81%.

Micron Technology 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.

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.