Willow Creek Wealth Management Inc. Sells 1,236 Shares of Micron Technology, Inc. $MU

Willow Creek Wealth Management Inc. trimmed its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 84.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 223 shares of the semiconductor manufacturer’s stock after selling 1,236 shares during the period. Willow Creek Wealth Management Inc.’s holdings in Micron Technology were worth $238,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Andar Capital Management HK Ltd boosted its stake in shares of Micron Technology by 856,960.3% in 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 purchased a new stake in shares of Micron Technology during the second quarter worth approximately $22,182,263,000. Legal & General Group Plc purchased a new stake in shares of Micron Technology during the second quarter worth approximately $8,402,393,000. Situational Awareness LP increased its stake in shares of Micron Technology by 1,149.0% during the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock worth $5,573,819,000 after buying an additional 5,289,124 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Micron Technology in the second quarter valued at approximately $3,761,237,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: Elon Musk predicted that humanoid robots could require enormous amounts of memory, prompting analysts to frame robotics as a potentially significant long-term volume opportunity for Micron and SK hynix. Separate forecasts suggest humanoid robots could use substantially more memory by 2030. Elon Musk Says Robots Will Need More Memory
• Positive Sentiment: Bank of America reiterated its buy rating and became more constructive on memory following meetings with industry executives. The firm believes customers are increasingly securing supply through long-term agreements, supporting pricing and visibility for Micron. Bank of America Reiterates Buy on Micron
• Positive Sentiment: Micron’s recent earnings beat and record results continue to support the bullish case. Strong AI-related high-bandwidth-memory demand, tight supply, and favorable earnings expectations have led some analysts to argue that the stock remains inexpensive relative to its growth potential. Can Micron Survive a 40% Drop in Memory Prices?
• Positive Sentiment: Micron’s new employee bonus plan may help align compensation with company performance and support retention as the business expands its AI-memory capacity. Micron Unveils a New Bonus Plan

Analysts Set New Price Targets

MU has been the subject of a number of recent research reports. UBS Group reiterated a “buy” rating and issued a $1,625.00 price target (up from $535.00) on shares of Micron Technology in a research note on Wednesday, September 23rd. Weiss Ratings cut shares of Micron Technology from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. Itau BBA Securities increased their price objective on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Wedbush restated an “outperform” rating and issued a $1,400.00 price objective on shares of Micron Technology in a report on Monday, September 28th. Finally, Wells Fargo & Company decreased their price objective on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating for the company in a research report on Wednesday, September 23rd. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.

Insider Activity

In related news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology 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 sale, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 83,545 shares of company stock worth $78,460,850. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Stock Up 2.8%

MU stock opened at $928.76 on Wednesday. The business has a 50 day moving average price of $979.69 and a 200 day moving average price of $735.60. The stock has a market cap of $1.05 trillion, a price-to-earnings ratio of 12.52 and a beta of 2.22. Micron Technology, Inc. has a fifty-two week low of $192.59 and a fifty-two week high of $1,255.00.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating the consensus estimate 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. The business’s revenue for the quarter was up 379.1% on a year-over-year basis. During the same quarter 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, sell-side analysts anticipate that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently announced 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. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is presently 0.81%.

Micron Technology 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.