Micron Technology, Inc. $MU Stock: Deroy & Devereaux Private Investment Counsel Inc. Trims Stake

Key Points

• Deroy & Devereaux cut its Micron stake by 87.5% in the third quarter, selling 51,150 shares and retaining 7,278 shares valued at approximately $7.75 million. Institutional investors still own 80.84% of the company.
• Micron reported significantly stronger-than-expected results, including $33.42 in quarterly EPS and $54.23 billion in revenue, while benefiting from AI-driven high-bandwidth memory demand and tighter supply. Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and a $1,407.88 price target.
• Insiders sold 83,545 shares worth about $78.5 million over the past 90 days, while bearish analysts warned that falling memory prices, a potential cycle peak and weaker hyperscaler spending could pressure Micron’s unusually strong earnings.

Deroy & Devereaux Private Investment Counsel Inc. lessened its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 87.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,278 shares of the semiconductor manufacturer's stock after selling 51,150 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in Micron Technology were worth $7,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Bullseye Investment Management LLC purchased a new position in Micron Technology in the second quarter worth about $27,000. Aventus Investment Advisors Inc. bought a new position in shares of Micron Technology in the third quarter worth approximately $30,000. Steph & Co. bought a new position in shares of Micron Technology in the third quarter worth approximately $31,000. Montgomery Financial Services LLC bought a new position in shares of Micron Technology in the second quarter worth approximately $38,000. Finally, JNBA Financial Advisors grew 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 buying an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology News Summary

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

• Positive Sentiment: Bank of America became “incrementally more positive” on the memory industry after meetings with executives. The firm said customers are increasingly locking in memory supply through multiyear agreements, improving Micron’s revenue visibility and potentially reducing cyclical volatility. Micron Rises as Bank of America Gets Incrementally More Positive on Memory
• Positive Sentiment: Investors responded favorably to Micron’s defense against concerns over Chinese rival ChangXin Memory Technologies. Micron indicated that CXMT’s 4F square memory design does not currently undermine its competitive position. Micron Stock Finds Its Footing as It Pushes Back on Chinese Memory Threat
• Positive Sentiment: Recent record revenue, profit and gross margin, along with strong forward guidance, have made Micron appear inexpensive relative to its expected earnings growth. High-bandwidth memory demand from artificial-intelligence systems and persistent chip shortages are viewed as potential long-term growth drivers. Micron Just Delivered a Monster Quarter, but the Stock Is Plummeting
• Positive Sentiment: Analyst screens and investor commentary continued to highlight MU’s high profit margins, expected earnings growth and potential to become less dependent on memory-market cycles as customer contracts and AI applications expand. NVIDIA and 2 Profitable Stocks to Buy Now for Explosive Upside
• Neutral Sentiment: Reports noted that Micron’s sharp yearlong rally has been followed by significant corrections across AI-related memory and storage stocks. A potential stock split was discussed, but it would not change the company’s underlying value or fundamentals. Stock-Split Watch: Is Micron Next?
• Negative Sentiment: Bearish commentary warned that a possible 40% decline in memory prices, a peak in the current cycle and weaker hyperscaler capital spending could pressure Micron’s unusually strong earnings. Some analysts also questioned whether new supply contracts provide as much protection as expected. Micron: The New SCA Contracts Are Not As Great As You Think

Insider Buying and Selling

In other Micron Technology news, insider Scott J. Deboer sold 28,545 shares of the stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $900.00, for a total value of $25,690,500.00. Following the transaction, the insider owned 147,430 shares of the company's stock, valued at approximately $132,687,000. This represents a 16.22% 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, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 83,545 shares of company stock valued at $78,460,850 over the last 90 days. Company insiders own 0.24% of the company's stock.

Micron Technology Stock Up 3.0%

Shares of Micron Technology stock opened at $903.70 on Tuesday. Micron Technology, Inc. has a twelve month low of $192.59 and a twelve month high of $1,255.00. 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 company's 50 day moving average is $982.71 and its 200 day moving average is $729.85. The company has a market cap of $1.02 trillion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 0.15 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping analysts' consensus estimates of $31.77 by $1.65. The business had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm's revenue was up 379.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Research analysts anticipate that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently weighed in on MU. KeyCorp reissued an "overweight" rating on shares of Micron Technology in a research report on Thursday, October 1st. New Street Research raised Micron Technology from a "neutral" rating to a "buy" rating and upped their price objective for the company from $470.00 to $1,250.00 in a research report on Friday, August 14th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Micron Technology in a research report on Thursday, October 1st. Royal Bank Of Canada reiterated an "outperform" rating and set a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Itau BBA Securities lifted their target price on Micron Technology from $1,243.78 to $1,697.09 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,407.88.

About Micron Technology

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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