Micron Technology, Inc. $MU Stock Acquired by Gibbs Wealth Management

Key Points

• Gibbs Wealth Management increased its Micron stake by 52.7% in the third quarter, adding 2,085 shares to own 6,041 shares valued at approximately $6.4 million. Institutional investors collectively own 80.84% of Micron.
• Micron reported stronger-than-expected quarterly results, with EPS of $33.42 versus the $31.77 consensus and revenue of $54.23 billion, up 379.1% year over year. Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $1,407.88 price target.
• Insiders have been selling shares: executives sold 83,545 shares worth about $78.5 million over the past 90 days, with no reported open-market insider purchases. The stock remains volatile, despite optimism around AI-driven high-bandwidth memory demand and favorable semiconductor supply trends.

Gibbs Wealth Management raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 52.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,041 shares of the semiconductor manufacturer's stock after acquiring an additional 2,085 shares during the period. Micron Technology comprises approximately 0.7% of Gibbs Wealth Management's portfolio, making the stock its 29th biggest holding. Gibbs Wealth Management's holdings in Micron Technology were worth $6,435,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Bullseye Investment Management LLC purchased a new stake in Micron Technology during the 2nd quarter valued at about $27,000. Aventus Investment Advisors Inc. purchased a new stake in shares of Micron Technology during the third quarter worth about $30,000. Steph & Co. bought a new position in Micron Technology during the 3rd quarter valued at approximately $31,000. Montgomery Financial Services LLC bought a new stake in shares of Micron Technology in the 2nd quarter worth approximately $38,000. Finally, JNBA Financial Advisors raised its holdings in shares of 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 in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Insider Transactions at Micron Technology

In other Micron Technology news, insider Scott Deboer sold 28,545 shares of Micron Technology stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the completion of the sale, the insider directly owned 147,430 shares in the company, valued at approximately $132,687,000. The trade was a 16.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 83,545 shares of company stock worth $78,460,850. Company insiders own 0.24% of the company's stock.

Key Micron Technology News

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

• Positive Sentiment: Improved industry sentiment: A broad rebound in semiconductor stocks lifted Micron, SK Hynix and SanDisk as investors returned to AI and memory names following a sharp pullback. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Favorable supply dynamics: SK Hynix’s decision to abandon a planned U.S. IPO for its Solidigm flash-memory unit could reduce concerns about additional NAND supply entering the market, potentially benefiting Micron and SanDisk. Micron, Sandisk gain as SK Hynix scraps Solidigm IPO
• Positive Sentiment: Analyst and growth support: Erste Group raised its FY2028 EPS forecast to $201.26 from $199.05 and maintained a Buy rating. Analysts continue to point to Micron’s AI-driven HBM demand, improving margins and relatively low valuation as reasons for optimism. Micron earnings estimate update
• Neutral Sentiment: Strategic investment: Micron’s planned investment in U.S. critical-mineral processing supports its domestic supply-chain strategy, although the near-term financial impact is unclear. Micron critical-minerals investment
• Negative Sentiment: Technology execution risk: Micron’s next-generation memory architecture could improve data movement for AI processors, but placing more memory closer to computing units creates difficult cooling and heat-management challenges. Micron’s Next AI Memory Breakthrough Has a Cooling Problem
• Negative Sentiment: Insider selling and volatility: Recent filings show extensive insider selling with no reported open-market purchases, while technical commentary warns that the recovery remains fragile amid ongoing concerns about AI spending, interest rates and valuation.

Micron Technology Stock Up 2.5%

NASDAQ MU opened at $877.55 on Friday. The stock has a 50 day moving average price of $983.61 and a 200-day moving average price of $880.05. Micron Technology, Inc. has a one year low of $192.59 and a one year high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The company has a market capitalization of $992.88 billion, a P/E ratio of 11.83, a P/E/G ratio of 0.15 and a beta of 2.22.

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 (EPS) for the quarter, beating analysts' consensus estimates of $31.77 by $1.65. The company had revenue of $54.23 billion during the quarter, compared to analysts' expectations of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. Micron Technology's revenue was up 379.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities analysts predict that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors 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 yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. Micron Technology's dividend payout ratio is currently 0.81%.

Analyst Ratings Changes

MU has been the subject of a number of research analyst reports. Zacks Research upgraded Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $1,650.00 target price on shares of Micron Technology in a research note on Thursday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Micron Technology in a research note on Thursday, October 1st. Susquehanna reaffirmed a "positive" rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, The Goldman Sachs Group set a $1,250.00 price objective on Micron Technology in a research report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Micron Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,407.88.

Micron Technology 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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