Micron Technology, Inc. $MU Stock: QP Wealth Management LLC Cuts Holdings

Key Points

• QP Wealth Management cut its Micron stake by 78.1% in the third quarter, selling 1,441 shares and retaining 405 shares valued at approximately $431,000. Institutional investors and hedge funds collectively own 80.84% of Micron.
• Micron reported strong quarterly results, with EPS of $33.42 exceeding estimates and revenue rising 379.1% year over year to $54.23 billion. Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and a $1,407.88 price target.
• The company’s AI-driven memory demand, technology investments and expectations for prolonged industry supply tightness support its outlook, but risks include potential labor disruptions, insider selling, new capacity and competition from China’s CXMT.

QP Wealth Management LLC reduced its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 78.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 405 shares of the semiconductor manufacturer's stock after selling 1,441 shares during the quarter. QP Wealth Management LLC's holdings in Micron Technology were worth $431,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MU. M.E. Allison & CO. Inc. increased its stake in Micron Technology by 0.8% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer's stock valued at $1,528,000 after purchasing an additional 11 shares in the last quarter. Purus Wealth Management LLC increased its stake in Micron Technology by 1.4% during the 3rd quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer's stock valued at $867,000 after purchasing an additional 11 shares in the last quarter. Ables Iannone Moore & Associates Inc. raised its holdings in shares of Micron Technology by 5.3% in the third quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer's stock worth $252,000 after buying an additional 12 shares during the last quarter. Koesten Hirschmann & Crabtree INC. raised its holdings in shares of 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 buying an additional 12 shares during the last quarter. Finally, Physician Wealth Advisors Inc. raised its holdings in shares of Micron Technology by 1.6% in the third quarter. Physician Wealth Advisors Inc. now owns 762 shares of the semiconductor manufacturer's stock worth $812,000 after buying an additional 12 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: At its technology presentation, Micron highlighted progress in DRAM, high-bandwidth memory (HBM), NAND and next-generation 3D DRAM. New products planned for 2027 and growing AI-related demand reinforce the company’s position as a key supplier to data-center and high-performance-computing customers. Micron AI-era technology presentation
• Positive Sentiment: ASML said semiconductor and memory demand could exceed supply through at least 2028. That outlook supports the bullish case for continued pricing power, elevated margins and strong demand for Micron’s memory products. ASML demand outlook
• Positive Sentiment: Recent results remain a major catalyst: Micron reported $33.42 in quarterly EPS versus a $31.77 estimate, while revenue rose 379.1% year over year. Management’s next-quarter guidance and analysts’ expectations for continued supply tightness are supporting confidence in further earnings growth.
• Positive Sentiment: Micron reached a labor-management agreement with one Taiwan union, reducing some immediate disruption risk. The company also invested in U.S. indium and critical-materials processing to strengthen supplies for advanced memory manufacturing. Micron Taiwan union agreement
• Neutral Sentiment: Institutional buying and approximately $326.9 million in reported ETF inflows point to continued investor demand, although Micron’s more than 200% year-to-date rally has increased profit-taking risk. Micron ETF buying
• Negative Sentiment: A separate Taiwan union has threatened a strike over bonuses, creating a risk of higher labor costs or production delays. In addition, an insider sold 28,545 shares for about $25.7 million, while investors remain concerned that new capacity, Chinese competitor CXMT and stretched AI valuations could eventually pressure pricing and margins. Micron insider sale

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Phillip Securities lifted their price objective on shares of Micron Technology from $530.00 to $1,870.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. Zacks Research raised Micron Technology from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 6th. Cantor Fitzgerald reissued an "overweight" rating and issued a $2,000.00 target price on shares of Micron Technology in a research report on Thursday, October 1st. President Capital raised their target price on Micron Technology to $1,500.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. Finally, HSBC raised their target price on Micron Technology from $1,100.00 to $1,700.00 and gave the stock a "buy" rating in a research note on Thursday, June 25th. One 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 company. Based on data from MarketBeat, Micron Technology currently has an average rating of "Moderate Buy" and a consensus target price of $1,407.88.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $913.67 on Thursday. Micron Technology, Inc. has a 52 week low of $192.40 and a 52 week high of $1,255.00. The business's 50 day moving average price is $987.36 and its 200 day moving average price is $876.61. 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 firm has a market cap of $1.03 trillion, a P/E ratio of 12.31, a P/E/G ratio of 0.16 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same period last year, the firm posted $3.03 EPS. Micron Technology'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. On average, sell-side analysts expect that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Announces Dividend

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

Insider Transactions at Micron Technology

In related news, 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 completion of the transaction, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott J. Deboer sold 28,545 shares of the business's stock in a transaction 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 transaction, the insider owned 147,430 shares of the company's stock, valued at $132,687,000. This represents a 16.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 123,545 shares of company stock worth $115,750,966 over the last 90 days. 0.24% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.