Micron Technology, Inc. $MU Stock: Parkway Wealth Management Group LLC Trims Stake

Key Points

• Parkway Wealth Management Group cut its Micron stake by 44.7% in the third quarter, selling 4,241 shares and retaining 5,256 shares valued at approximately $5.6 million. Institutional investors collectively own 80.84% of MU.
• Micron reported substantially stronger results, with quarterly EPS of $33.42 and revenue of $54.23 billion, up 379.1% year over year. Analysts maintain a largely bullish outlook, with a consensus rating of “Moderate Buy” and an average price target of $1,407.88.
• The company’s outlook is supported by tight memory supply and strong AI demand, but investors face risks including a potential Taiwan labor strike, broader concerns about AI valuations, increasing capacity, and competition from China’s CXMT.

Parkway Wealth Management Group LLC reduced its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 44.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,256 shares of the semiconductor manufacturer's stock after selling 4,241 shares during the period. Parkway Wealth Management Group LLC's holdings in Micron Technology were worth $5,599,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. M.E. Allison & CO. Inc. boosted its holdings in shares of Micron Technology by 0.8% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer's stock worth $1,528,000 after purchasing an additional 11 shares during the period. Purus Wealth Management LLC raised its stake in shares of Micron Technology by 1.4% in the third quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer's stock valued at $867,000 after acquiring an additional 11 shares during the period. Ables Iannone Moore & Associates Inc. lifted its holdings in shares of Micron Technology by 5.3% in the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer's stock worth $252,000 after acquiring an additional 12 shares during the last quarter. Koesten Hirschmann & Crabtree INC. lifted its stake in Micron Technology by 5.6% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 228 shares of the semiconductor manufacturer's stock worth $243,000 after purchasing an additional 12 shares during the last quarter. Finally, Cherrydale Wealth Management LLC raised its holdings in shares of Micron Technology by 1.4% in the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer's stock worth $1,122,000 after buying an additional 13 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron announced funding for Indium Corporation’s critical-minerals and high-purity materials processing expansion in New York. The investment, part of Micron’s planned U.S. supply-chain spending of up to $3 billion, is intended to improve access to materials needed for advanced memory production and reduce exposure to overseas supply disruptions. Micron Invests in New York Critical Minerals Processing With Indium Corporation
• Positive Sentiment: Bullish analysts continue to point to tight memory supply, rising contract prices, strong AI-related demand and a potential share repurchase program. Recent results and guidance also showed substantial revenue and earnings growth, supporting the view that Micron’s memory upcycle could extend through 2027 and beyond. Micron Stock Moves Higher: What’s Going On?
• Positive Sentiment: Some investors view MU as attractively valued relative to its earnings potential, with Wall Street highlighting its strong September-quarter performance, elevated memory prices and multiyear customer commitments as reasons for further upside. The Best Trillion-Dollar Stock to Buy Right Now, According to Wall Street
• Neutral Sentiment: Micron is scheduled to host a technology webinar on October 21, which could provide additional details on its AI-memory roadmap, manufacturing plans and demand outlook. Micron to Host Technology Webinar on Oct. 21
• Negative Sentiment: A union at Micron’s Taoyuan facility in Taiwan plans to strike on October 22 over a bonus dispute. Because Taiwan is central to Micron’s DRAM production, investors are concerned about potential disruption, costs or shipment delays. Micron Union in Taiwan to Launch Strike
• Negative Sentiment: Memory stocks remain under pressure after a broader technology selloff revived fears that AI infrastructure spending and related valuations may be unsustainable. Investors are also questioning how long Micron’s unusually high profits can last as new capacity comes online and rivals respond. Micron Stock Falls Amid Three Warning Signals
• Negative Sentiment: China’s CXMT is progressing toward server-memory production, raising longer-term competitive and pricing concerns for Micron, particularly if Chinese suppliers expand despite export restrictions. Intel Versus Micron: Exposure to CXMT

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wells Fargo & Company decreased their target price on Micron Technology from $1,525.00 to $1,400.00 and set an "overweight" rating for the company in a research report on Wednesday, September 23rd. BMO Capital Markets restated an "outperform" rating on shares of Micron Technology in a report on Thursday, October 1st. JPMorgan Chase & Co. increased their price target on Micron Technology from $550.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, June 25th. The Goldman Sachs Group set a $1,250.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Daiwa Securities Group boosted their price objective on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,407.88.

Micron Technology Price Performance

NASDAQ MU opened at $896.07 on Wednesday. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.16 and a beta of 2.22. 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's fifty day moving average price is $987.31 and its 200 day moving average price is $872.76. 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 announced its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The firm had revenue of $54.23 billion during the quarter, compared to analysts' expectations of $51.33 billion. During the same period last year, the business posted $3.03 earnings per share. The company's revenue for the quarter 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. As a group, equities 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. 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 is Wednesday, October 14th. Micron Technology's dividend payout ratio (DPR) is currently 0.81%.

Insider Activity

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated 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 completion of the sale, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 124,424 shares of company stock worth $116,629,966. 0.24% of the stock is currently owned by insiders.

Micron Technology Company 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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