Micron Technology, Inc. $MU Stock Sold by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA cut its Micron stake by 14.3% in the third quarter, selling 11,767 shares and retaining 70,265 shares worth approximately $74.8 million. Institutional investors collectively own 80.84% of Micron.
• Micron exceeded quarterly expectations with $33.42 in EPS and $54.23 billion in revenue, while revenue surged 379.1% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $1,407.88.
• Micron declared a quarterly dividend of $0.15 per share, representing a $0.60 annualized payout and a 0.1% yield. Investors continue to weigh strong AI and memory demand against competition, potential oversupply, and broader pressure on technology stocks.

Banque Pictet & Cie SA lessened its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 14.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,265 shares of the semiconductor manufacturer's stock after selling 11,767 shares during the period. Micron Technology comprises approximately 0.5% of Banque Pictet & Cie SA's portfolio, making the stock its 29th biggest position. Banque Pictet & Cie SA's holdings in Micron Technology were worth $74,840,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MU. M.E. Allison & CO. Inc. grew its holdings in shares of 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 acquiring an additional 11 shares in the last quarter. Purus Wealth Management LLC increased its position in Micron Technology by 1.4% in the 3rd quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer's stock worth $867,000 after purchasing an additional 11 shares during the last quarter. Ables Iannone Moore & Associates Inc. increased its position in 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 purchasing an additional 12 shares during the last quarter. Koesten Hirschmann & Crabtree INC. increased its position in Micron Technology by 5.6% in the 3rd 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 stake in shares of Micron Technology by 1.4% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer's stock worth $1,122,000 after purchasing an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Stock Performance

Shares of MU opened at $878.84 on Friday. The company has a market capitalization of $994.34 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22. Micron Technology, Inc. has a one year low of $192.40 and a one year high of $1,255.00. 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's fifty day moving average price is $985.88 and its 200 day moving average price is $861.24.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $31.77 by $1.65. The company had revenue of $54.23 billion during the quarter, compared to analysts' expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business's quarterly revenue was up 379.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. Micron Technology's payout ratio is currently 0.81%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MU shares. Wells Fargo & Company reduced their price target on Micron Technology from $1,525.00 to $1,400.00 and set an "overweight" rating for the company in a report on Wednesday, September 23rd. Seaport Research Partners reissued a "buy" rating on shares of Micron Technology in a research note on Friday, August 14th. KeyCorp restated an "overweight" rating on shares of Micron Technology in a report on Thursday, October 1st. Argus cut their price objective 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. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $2,000.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,407.88.

Micron Technology News Summary

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

• Positive Sentiment: Micron’s long-term outlook remains supported by tight memory supply and robust AI demand. Analysts and commentators point to expanding margins, pricing strength, high-bandwidth memory (HBM) growth, and management’s expectation that supply constraints could persist through 2028. Micron: Why You Should Buy Before Dec'26
• Positive Sentiment: Recent results exceeded expectations: fiscal fourth-quarter revenue reached approximately $54.2 billion, above the high end of management’s outlook, while full-year revenue reportedly rose to about $133.2 billion. Supporters also cite long-term customer agreements, price floors, potential share repurchases under Micron’s $35 billion authorization, and continued investment in U.S. manufacturing. Micron Stock Is 25% Below Its June Record
• Positive Sentiment: ASML’s comments that demand for advanced chipmaking equipment exceeds supply through 2028 are viewed as favorable for Micron, a major ASML customer developing next-generation HBM products. Micron also pledged $50 million to U.S. memory research, reinforcing its domestic technology and supply-chain strategy. ASML Just Delivered Excellent News for Micron Stock Investors
• Neutral Sentiment: Several analysts continue to describe the retreat as a potential buying opportunity, citing Micron’s valuation and earnings growth. However, bullish price targets depend on memory demand remaining strong and the current pricing cycle lasting longer than expected.
• Negative Sentiment: Investors remain concerned that CXMT’s progress in DDR5, LPDDR5X, and server memory could pressure pricing and market share, particularly in conventional memory. A possible industry oversupply later this decade adds to the cyclical risk. Memory stocks are getting hammered
• Negative Sentiment: The broader AI trade is under pressure as investors question whether data-center spending can generate adequate returns and whether highly leveraged “neocloud” companies can remain viable. Higher inflation and the prospect of additional interest-rate increases are also encouraging rotation away from expensive technology stocks.
• Negative Sentiment: One senior executive sold 6,328 Micron shares on October 14. The transaction appears isolated and is small relative to the company, but it adds a modest negative signal during an already weak trading period. Monster insider trading alert for Micron stock

Insider Transactions at Micron Technology

In other news, CAO Scott R. Allen sold 879 shares of the firm'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 sale, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business'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 directly owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,879 shares of company stock worth $90,939,466 over the last three months. 0.24% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU - Free Report).

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.