Micron Technology, Inc. $MU Stock Position Lowered by Western Financial Corp CA

Key Points

• Western Financial Corp. CA cut its Micron position by 89.7% in the third quarter, selling 4,345 shares and retaining 498 shares valued at about $530,000. Institutional investors and hedge funds collectively own 80.84% of Micron stock.
• Analysts remain broadly optimistic, with 41 Buy ratings, one Strong Buy and four Holds; the stock has an overall “Moderate Buy” rating and an average price target of $1,407.88.
• Micron reported a substantial earnings beat, including $54.23 billion in quarterly revenue—up 379.1% year over year—and $33.42 in EPS. However, insiders sold approximately $90.9 million of stock over the past three months, while concerns about Chinese competition and broader semiconductor weakness pressured the shares.

Western Financial Corp CA reduced its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 89.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 498 shares of the semiconductor manufacturer's stock after selling 4,345 shares during the period. Western Financial Corp CA's holdings in Micron Technology were worth $530,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MU. Bullseye Investment Management LLC acquired a new position in Micron Technology during the second quarter worth approximately $27,000. Aventus Investment Advisors Inc. purchased a new stake in Micron Technology in the third quarter valued at approximately $30,000. Steph & Co. purchased a new stake in Micron Technology in the third quarter valued at approximately $31,000. Montgomery Financial Services LLC purchased a new stake in Micron Technology in the second quarter valued at approximately $38,000. Finally, JNBA Financial Advisors boosted its holdings in shares of Micron Technology by 77.3% in 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 during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MU has been the topic of a number of research reports. Argus lowered their target price on shares of Micron Technology from $1,500.00 to $540.00 and set a "buy" rating on the stock in a research report on Thursday, June 25th. Daiwa Securities Group lifted their target price on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the company a "buy" rating in a report on Friday, July 17th. Bank of America upped their price target on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Seaport Research Partners reiterated a "buy" rating on shares of Micron Technology in a research note on Friday, August 14th. Finally, Mizuho increased their price target on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a research note on Thursday, October 1st. One 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,407.88.

Insider Activity at Micron Technology

In other Micron Technology news, CAO Scott Allen sold 879 shares of the business's stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer directly owned 34,958 shares of the company's stock, valued at approximately $34,958,000. The trade was a 2.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 95,879 shares of company stock worth $90,939,466 in the last three months. Insiders own 0.24% of the company's stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Elon Musk praised Micron’s approach to future memory pricing, calling it “reasonable” and contrasting it with unnamed competitors he described as “extortionate.” The comments support Micron’s customer-focused strategy and could strengthen long-term relationships. Elon Musk Says Micron Has Been Reasonable on Future Pricing
• Positive Sentiment: Investors continue to point to Micron’s strong operating performance: fiscal fourth-quarter revenue increased 379% year over year to $54.23 billion, while earnings exceeded consensus estimates. AI demand, tight DRAM supply and expected HBM4 growth remain important upside drivers. Micron’s HBM4 Ramp-Up
• Positive Sentiment: Micron has signed 26 strategic customer agreements and secured commitments covering much of its fiscal 2027 output, improving demand visibility and reducing exposure to the traditional memory cycle. Its board also authorized roughly $35 billion in additional buybacks, while analysts at Erste Group raised their FY2027 earnings forecast. Micron’s Customer Contracts
• Neutral Sentiment: Several analysts and commentators called the selloff excessive, citing Micron’s low forward valuation, strong balance sheet, shareholder returns and long-term AI demand. However, the market remains skeptical that elevated profits can persist indefinitely.
• Negative Sentiment: The main catalyst was news that China’s ChangXin Memory Technologies (CXMT) is progressing toward a denser DRAM design aimed at server memory. Although commercial-scale production and yields remain unproven, investors fear future competition could weaken Micron’s pricing power and margins. CXMT Targets Server Memory
• Negative Sentiment: Hotter-than-expected U.S. inflation increased pressure on technology shares and contributed to a broader semiconductor selloff. Investors are also monitoring a potential labor dispute at Micron’s Taiwan operations, which could create production and delivery risks if a strike occurs. Why Memory Stocks Are Falling

Micron Technology Stock Down 4.1%

Micron Technology stock opened at $914.13 on Thursday. Micron Technology, Inc. has a twelve month low of $187.42 and a twelve month high of $1,255.00. The stock has a 50 day moving average of $984.86 and a two-hundred day moving average of $857.08. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 12.32, a PEG ratio of 0.17 and a beta of 2.22.

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

Micron Technology Dividend Announcement

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 given 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 dividend payout ratio (DPR) is 0.81%.

Micron Technology Company 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.

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