GRIMES & Co WEALTH MANAGEMENT LLC Sells 14,505 Shares of Micron Technology, Inc. $MU

GRIMES & Co WEALTH MANAGEMENT LLC lowered its stake in Micron Technology, Inc. (NASDAQ:MU) by 17.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 67,098 shares of the semiconductor manufacturer’s stock after selling 14,505 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Micron Technology were worth $11,227,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. First Command Advisory Services Inc. raised its holdings in Micron Technology by 225.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 153 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Micron Technology in the third quarter valued at about $27,000. Howard Hughes Medical Institute bought a new position in shares of Micron Technology during the second quarter valued at about $30,000. AlphaQuest LLC raised its stake in shares of Micron Technology by 13,250.0% during the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 265 shares during the last quarter. Finally, WealthCollab LLC boosted its holdings in shares of Micron Technology by 4,500.0% during the second quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 270 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In other news, CEO Sanjay Mehrotra sold 3,743 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $233.39, for a total transaction of $873,578.77. Following the completion of the transaction, the chief executive officer directly owned 396,578 shares in the company, valued at $92,557,339.42. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott R. Allen sold 2,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total transaction of $675,000.00. Following the completion of the transaction, the chief accounting officer owned 38,237 shares in the company, valued at approximately $12,904,987.50. The trade was a 4.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 318,800 shares of company stock valued at $72,333,387. 0.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MU has been the subject of a number of recent analyst reports. KGI Securities raised Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. TD Cowen upped their target price on Micron Technology from $275.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Weiss Ratings raised Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, November 1st. Rosenblatt Securities reissued a “buy” rating and set a $300.00 price objective on shares of Micron Technology in a research report on Monday, December 15th. Finally, Barclays raised their target price on shares of Micron Technology from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $295.45.

Micron Technology News Summary

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

• Positive Sentiment: Mizuho raised its price target to $390, citing a strong 2026 AI memory outlook — a concrete analyst upgrade that supports higher valuation expectations. Mizuho hikes Micron (MU) PT to $390 on strong 2026 AI memory outlook
• Positive Sentiment: UBS reiterated a Buy and lifted its price target (reported up toward $400), underlining management’s view of a sustained memory cycle driven by AI — another bullish signal from a major bank. UBS Maintains a Buy Rating on Micron Technology, Inc. (MU)
• Positive Sentiment: Zacks placed MU on its Rank #1 (Strong Buy) growth list, increasing visibility among growth-focused investors. Best Growth Stocks to Buy for Jan. 12
• Positive Sentiment: Coverage (WSJ and others) highlights a memory shortage driven by surging AI demand; that supply tightness supports better pricing and revenue visibility for memory suppliers like Micron. AI Is Causing a Memory Shortage. Why Producers Aren’t Rushing to Make a Lot More.
• Positive Sentiment: Prominent media and commentators (Jim Cramer, profiles on MU’s multi-year gains) continue to shine a bullish light on Micron’s AI-driven growth story, supporting retail momentum. “Micron (MU) Will Put Up Plants,” Says Jim Cramer
• Neutral Sentiment: Some long-form pieces recount MU’s strong multi-year returns and AI tailwinds (educational/contextual — supportive but not new fundamental news). If You’d Invested $100 in Micron Stock 10 Years Ago, Here’s How Much You’d Have Today
• Negative Sentiment: Short interest rose ~19% in December to ~29.99M shares (about 2.7% of float), indicating increased bearish bets that could pressure the stock if momentum stalls. (Days-to-cover remains low at ~1 day.)
• Negative Sentiment: An internal officer (CAO) sold roughly $675k of stock — a small insider sale that investors may watch for timing but does not materially change MU’s ownership picture. Micron Technology (NASDAQ:MU) CAO Sells $675,000.00 in Stock

Micron Technology Price Performance

Shares of MU opened at $345.87 on Tuesday. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $348.47. The firm’s 50-day simple moving average is $259.11 and its two-hundred day simple moving average is $186.59. The stock has a market cap of $389.28 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 0.22 and a beta of 1.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46.

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

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, December 29th. Micron Technology’s dividend payout ratio is currently 4.37%.

Micron Technology Company 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.