Cim Investment Management Inc. Sells 8,954 Shares of Micron Technology, Inc. $MU

Cim Investment Management Inc. reduced its stake in Micron Technology, Inc. (NASDAQ:MU) by 39.5% during the 2nd quarter, Holdings Channel reports. The fund owned 13,717 shares of the semiconductor manufacturer’s stock after selling 8,954 shares during the period. Micron Technology makes up about 3.7% of Cim Investment Management Inc.’s investment portfolio, making the stock its 4th largest position. Cim Investment Management Inc.’s holdings in Micron Technology were worth $15,833,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of MU. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Micron Technology in the 1st quarter valued at approximately $27,000. Bullseye Investment Management LLC acquired a new stake in shares of Micron Technology during the 2nd quarter worth approximately $27,000. Bayban bought a new position in Micron Technology in the fourth quarter valued at approximately $29,000. Financial Life Planners bought a new position in Micron Technology in the first quarter valued at approximately $36,000. Finally, Portus Wealth Advisors LLC acquired a new position in Micron Technology during the first quarter valued at approximately $37,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Trading Up 1.1%

Shares of MU stock traded up $11.10 on Tuesday, hitting $1,065.08. The company had a trading volume of 19,368,340 shares, compared to its average volume of 42,000,906. The stock’s 50-day moving average is $948.75 and its two-hundred day moving average is $804.96. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The firm has a market cap of $1.20 trillion, a P/E ratio of 24.11, a P/E/G ratio of 0.68 and a beta of 2.22. Micron Technology, Inc. has a twelve month low of $163.96 and a twelve month high of $1,255.00.

Insider Activity

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the sale, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 135,879 shares of company stock valued at $134,297,066. 0.24% of the stock is owned by corporate insiders.

More Micron Technology News

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

• Positive Sentiment: Potential earnings beat and stronger shareholder returns: JPMorgan believes Micron is positioned for a “beat and raise,” supported by tight DRAM and HBM supply, rising prices and strong data-center demand. The firm also expects Micron could increase its dividend and stock buybacks, adding another potential catalyst. JPMorgan Sees Micron Positioned for Beat-and-Raise Ahead of Q4 Results
• Positive Sentiment: AI memory demand remains robust: Analysts point to accelerating DRAM and NAND pricing, constrained HBM4 supply, expanding data-center spending and long-term customer agreements as factors that could support revenue, margins and cash flow. Several firms have raised price targets, including Baird at $1,520 and JPMorgan at $1,540. Micron poised for upside as memory prices climb
• Neutral Sentiment: Earnings volatility is expected: Options markets imply a roughly 9%–10% move around the report, and investors are likely to focus more on fiscal 2027 guidance, memory pricing and supply conditions than on the quarter’s headline results. The stock’s large prior rally has created exceptionally high expectations. How Much Traders Expect Micron Stock to Move After Earnings
• Negative Sentiment: Key risks remain: A bearish analysis warns that increasing non-HBM DRAM supply from China and slowing spot and contract prices could pressure margins outside AI markets. Netlist has also sought a U.S. import ban on Micron chips used in AI-computing products, creating a legal and trade risk. Netlist seeks U.S. import ban on Micron chips

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. BNP Paribas Exane upped their target price on Micron Technology from $615.00 to $1,700.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Daiwa Securities Group boosted their price target on Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a report on Friday, July 17th. UBS Group restated a “buy” rating and set a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a research report on Wednesday, September 23rd. Wells Fargo & Company reduced their price objective on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 23rd. Finally, Susquehanna raised their price objective on Micron Technology from $1,750.00 to $2,000.00 and gave the company a “positive” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,348.03.

Micron Technology Company 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.