Micron Technology, Inc. $MU Stock Position Reduced by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Micron stake by 94% in the third quarter, selling 92,676 shares and retaining 5,869 shares valued at approximately $6.25 million. Institutional investors collectively own 80.84% of Micron.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $1,407.88; recent firms raised targets as high as $1,700.
• Micron reported quarterly earnings and revenue above expectations, driven by strong demand for memory products, while investors continue to monitor risks from Chinese competition, potential oversupply and the cyclical nature of the memory-chip market.

Curated Wealth Partners LLC lessened its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 94.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,869 shares of the semiconductor manufacturer's stock after selling 92,676 shares during the quarter. Micron Technology makes up approximately 0.5% of Curated Wealth Partners LLC's holdings, making the stock its 24th largest holding. Curated Wealth Partners LLC's holdings in Micron Technology were worth $6,251,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MU. Andar Capital Management HK Ltd boosted its stake in shares of Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA acquired a new position in shares of Micron Technology in the second quarter valued at approximately $22,182,263,000. Bank of America Corp DE raised its position in shares of Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer's stock valued at $11,744,621,000 after buying an additional 2,136,470 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Micron Technology in the second quarter valued at approximately $8,402,393,000. Finally, Wellington Management Group LLP raised its position in shares of Micron Technology by 28.7% in the second quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer's stock valued at $5,823,556,000 after buying an additional 1,125,414 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Insiders Place Their Bets

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the sale, the chief executive officer directly owned 264,503 shares of the company's stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 sale, the executive vice president directly owned 191,021 shares of the company's stock, valued at $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 95,879 shares of company stock valued at $90,939,466 over the last quarter. Company insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MU shares. JPMorgan Chase & Co. upped their price objective on shares of Micron Technology from $550.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, June 25th. CLSA reaffirmed an "outperform" rating and issued a $1,700.00 target price on shares of Micron Technology in a research note on Friday, October 2nd. Zacks Research upgraded Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 6th. Robert W. Baird increased their price target on Micron Technology from $1,280.00 to $1,520.00 and gave the stock an "outperform" rating in a research note on Monday, September 28th. Finally, Seaport Research Partners reissued a "buy" rating on shares of Micron Technology in a research note on Friday, August 14th. One 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,407.88.

Micron Technology Trading Up 1.9%

NASDAQ MU opened at $931.24 on Friday. Micron Technology, Inc. has a 12 month low of $192.40 and a 12 month high of $1,255.00. The company has a 50-day moving average of $985.86 and a 200-day moving average of $861.12. 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 company has a market cap of $1.05 trillion, a P/E ratio of 12.55, a P/E/G ratio of 0.16 and a beta of 2.22.

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 for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same period in the prior year, the firm posted $3.03 EPS. The company's revenue was up 379.1% on a year-over-year basis. 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 earnings per share for the current year.

Micron Technology Dividend Announcement

The business 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. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology's dividend payout ratio is 0.81%.

Micron Technology News Roundup

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

• Positive Sentiment: Micron’s fundamental outlook remains strong. Fiscal 2026 revenue reportedly rose 256% to $133.2 billion, while tight DRAM and HBM supply is supporting significant margin expansion. The company is also accelerating construction of new fabs in Idaho and New York to increase capacity. Prediction: This Is What $2,000 Invested in Micron Stock Today Could Be Worth by 2029
• Positive Sentiment: Micron has signed 26 strategic customer agreements with pricing frameworks, helping reduce the traditional memory cycle risk. Its diversified customer base also means no single customer represented at least 10% of fiscal 2026 revenue. Micron's Customer Contracts Just Took the Memory Cycle Off the Table
• Positive Sentiment: Analysts and commentators continue to identify MU as a buy-the-dip opportunity, citing AI-driven revenue growth, expanding margins and a lower valuation than some peers. Erste Group also raised its FY2027 earnings estimate, while Rosenblatt reaffirmed a Buy rating.
• Positive Sentiment: Elon Musk praised Micron’s approach to future memory pricing, and strong demand for AI infrastructure is expected to support high-value HBM shipments. ASML’s reported order backlog through 2030 also reinforces the long-term equipment and HBM demand outlook. ASML Just Delivered Excellent News for Micron Stock Investors
• Neutral Sentiment: Micron’s market capitalization is trailing several large companies, including Eli Lilly and Berkshire Hathaway, highlighting both the stock’s substantial rally and the possibility that investors are reassessing its valuation after recent volatility.
• Negative Sentiment: The principal overhang is China’s ChangXin Memory Technologies (CXMT), which is advancing in DDR5, LPDDR5X and server-memory products. Investors fear that Chinese competition could pressure prices and margins, although analysts note CXMT currently appears more competitive in lower-end memory than in Micron’s premium HBM products.
• Negative Sentiment: A broader AI and semiconductor sell-off, concerns about a possible memory oversupply by 2029, higher inflation and potential interest-rate increases have contributed to recent selling. Cathie Wood’s warning that memory-chip cycles remain “vicious” underscores the risk that today’s exceptional profits may not persist.

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.

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