Micron Technology, Inc. $MU Stock Position Cut by DAVENPORT & Co LLC

DAVENPORT & Co LLC decreased its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 21.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 31,112 shares of the semiconductor manufacturer’s stock after selling 8,372 shares during the period. DAVENPORT & Co LLC’s holdings in Micron Technology were worth $5,206,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in MU. Plancorp LLC boosted its holdings in shares of Micron Technology by 16.4% in the third quarter. Plancorp LLC now owns 2,645 shares of the semiconductor manufacturer’s stock valued at $443,000 after acquiring an additional 373 shares in the last quarter. Net Worth Advisory Group raised its holdings in Micron Technology by 35.9% during the third quarter. Net Worth Advisory Group now owns 3,990 shares of the semiconductor manufacturer’s stock worth $668,000 after purchasing an additional 1,054 shares in the last quarter. IFM Investors Pty Ltd lifted its position in Micron Technology by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 221,110 shares of the semiconductor manufacturer’s stock worth $34,774,000 after purchasing an additional 598 shares during the period. Scratch Capital LLC boosted its stake in Micron Technology by 66.7% during the 3rd quarter. Scratch Capital LLC now owns 4,003 shares of the semiconductor manufacturer’s stock valued at $670,000 after purchasing an additional 1,602 shares in the last quarter. Finally, Revolve Wealth Partners LLC increased its position in shares of Micron Technology by 3.9% during the 3rd quarter. Revolve Wealth Partners LLC now owns 3,926 shares of the semiconductor manufacturer’s stock valued at $657,000 after purchasing an additional 147 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology News Summary

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

• Positive Sentiment: Q1 beat + HBM visibility: Management said high‑bandwidth memory (HBM) is effectively sold out through 2026 and the company posted heavy revenue/EPS beats, giving multi‑quarter revenue visibility and a step‑change in margin expectations. Micron Technology Stock (MU) Opinions on AI-Driven Revenue Forecast
• Positive Sentiment: All‑time high narratives: Multiple outlets note MU hit new all‑time highs after the earnings/guidance reset market expectations, which attracts momentum flows and retail/institutional re‑weighting. Micron Stock (MU) Hits New All-Time High — Can the Steller Run Continue in 2026
• Positive Sentiment: Analyst upgrades & lofty targets: Banks and research firms have raised ratings and targets (reported targets range widely, including some very aggressive $300–$500 calls), supporting buying and window‑dressing into quarter‑end. Micron (MU) in Focus as Analysts Highlight Multi-Year AI Data-Center Expansion
• Positive Sentiment: AI/data‑center tailwind: Coverage of AI infrastructure winners highlights memory and storage as key beneficiaries — a structural demand shift that favors Micron’s DRAM/HBM exposure. These 5 infrastructure stocks have more than tripled this year on the AI trade
• Neutral Sentiment: Broader market lift: Year‑end strength in major indexes is amplifying gains in momentum names including MU; some price action may reflect flow rather than fundamental changes. Dow Jones Today: Major Stock Indexes Rise for 4th Straight Session
• Neutral Sentiment: Dividend & liquidity notes: Company announced a small quarterly dividend (low yield) and heavy institutional ownership; these are incremental but not primary drivers of the rally.
• Negative Sentiment: Insider selling: Multiple insider filings show significant executive/director stock sales in the past weeks — a potential signal for some investors and a source of short‑term supply. Steven Gomo Sells 5,000 Shares of Micron Technology (NASDAQ:MU) Stock
• Negative Sentiment: Valuation & execution risk: Commentators warn the rally could overshoot fundamentals — high near‑term CapEx (new fabs), execution risk on ramping capacity, or an eventual easing in HBM pricing could trigger mean‑reversion. Micron: Rally Went Too Far, This Party Shouldn’t Last Forever

Insiders Place Their Bets

In related news, CEO Sanjay Mehrotra sold 3,743 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $233.39, for a total value of $873,578.77. Following the completion of the sale, the chief executive officer directly owned 396,578 shares of the company’s stock, valued at approximately $92,557,339.42. This represents a 0.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark J. Murphy sold 126,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the sale, the chief financial officer owned 219,693 shares of the company’s stock, valued at $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 384,300 shares of company stock valued at $83,974,468 over the last quarter. 0.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MU. Morgan Stanley boosted their price objective on Micron Technology from $338.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. Summit Insights upgraded shares of Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. BNP Paribas raised shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a report on Monday, October 13th. Raymond James Financial raised their price objective on shares of Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Finally, Stifel Nicolaus boosted their target price on shares of Micron Technology from $195.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $282.61.

Micron Technology Price Performance

NASDAQ MU opened at $286.98 on Friday. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $289.30. The stock’s 50-day moving average price is $235.41 and its two-hundred day moving average price is $169.49. The company has a market cap of $323.00 billion, a PE ratio of 27.28, a PEG ratio of 0.18 and a beta of 1.54. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping the consensus estimate of $3.77 by $1.01. The business had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The firm’s quarterly revenue was up 56.7% compared to the same quarter last year. During the same period last year, the firm posted $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th will be issued a $0.115 dividend. The ex-dividend date is Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio is presently 4.37%.

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.