Micron Technology, Inc. $MU Stock Sold by RKL Wealth Management LLC

RKL Wealth Management LLC lowered its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,633 shares of the semiconductor manufacturer’s stock after selling 1,022 shares during the period. Micron Technology makes up approximately 1.5% of RKL Wealth Management LLC’s portfolio, making the stock its 18th largest position. RKL Wealth Management LLC’s holdings in Micron Technology were worth $18,782,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MU. Andar Capital Management HK Ltd raised its position 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 valued at $39,571,847,000 after buying an additional 34,278,413 shares during the period. Primecap Management Co. CA acquired a new position in Micron Technology in the second quarter valued at approximately $22,182,263,000. Legal & General Group Plc purchased a new position in Micron Technology in the second quarter worth approximately $8,402,393,000. Situational Awareness LP grew its position in Micron Technology by 1,149.0% in the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock worth $5,573,819,000 after acquiring an additional 5,289,124 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in Micron Technology in the second quarter worth approximately $3,761,237,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

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

Insiders Place Their Bets

In other news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was 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. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Scott Allen sold 879 shares of Micron Technology 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 completion of the sale, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 95,879 shares of company stock worth $90,939,466 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on MU. Wolfe Research set a $1,500.00 target price on Micron Technology in a research note on Thursday, June 25th. Mizuho lifted their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, October 1st. Phillip Securities upped their price target on Micron Technology from $530.00 to $1,870.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Morgan Stanley reiterated an “overweight” rating and set a $1,200.00 price target on shares of Micron Technology in a report on Thursday, October 1st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $2,000.00 price target on shares of Micron Technology in a report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Price Performance

Micron Technology stock opened at $878.84 on Friday. The company’s 50 day simple moving average is $985.88 and its 200-day simple moving average is $861.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. Micron Technology, Inc. has a 1 year low of $192.40 and a 1 year high of $1,255.00. The company has a market capitalization of $994.34 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 0.15 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share 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 firm had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. During the same quarter last year, the company posted $3.03 EPS. The firm’s quarterly 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 research analysts expect that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be paid a dividend of $0.15 per share. 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 is 0.81%.

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.