Micron Technology, Inc. $MU Shares Sold by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC lessened its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 80.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 358 shares of the semiconductor manufacturer’s stock after selling 1,480 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Micron Technology were worth $60,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Cozad Asset Management Inc. raised its position in Micron Technology by 17.6% in the 3rd quarter. Cozad Asset Management Inc. now owns 3,040 shares of the semiconductor manufacturer’s stock valued at $509,000 after purchasing an additional 455 shares during the last quarter. Thoroughbred Financial Services LLC increased its stake in Micron Technology by 186.2% in the third quarter. Thoroughbred Financial Services LLC now owns 48,101 shares of the semiconductor manufacturer’s stock valued at $8,048,000 after purchasing an additional 31,292 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in Micron Technology in the third quarter valued at $2,350,000. First American Trust FSB purchased a new stake in shares of Micron Technology in the third quarter valued at about $249,000. Finally, Mufg Securities Americas Inc. boosted its stake in shares of Micron Technology by 21.8% during the third quarter. Mufg Securities Americas Inc. now owns 30,179 shares of the semiconductor manufacturer’s stock worth $5,050,000 after buying an additional 5,410 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: TD Cowen raised its long‑term EPS scenario for MU to as much as $60 for 2026, lifting upside earnings expectations and reinforcing a bullish fundamental thesis for Micron. What TD Cowen’s $60 EPS Call Means for Micron Technology (MU)
• Positive Sentiment: Coverage pieces highlight Micron’s strategic pivot into AI memory (HBM), reporting multi‑year commitments to hyperscalers and planned U.S. fab expansion to meet AI demand — a structural tailwind for revenue and pricing power. Micron’s AI Memory Pivot Tests Valuation As US Fab Spending Surges
• Positive Sentiment: Sector pieces place MU among the handful of firms at the center of an AI memory supply squeeze (HBM/DRAM shortage themes), noting recent revenue and EPS beats that validate stronger forward estimates. These 5 Stocks Are at the Center of the AI Supply Squeeze
• Positive Sentiment: Mainstream commentary (Forbes, Barron’s followups) argues the AI memory boom may have more room to run given tight supply and rising memory intensity per AI model — supporting a continued bullish case for MU. Micron Stock: Is The AI Memory Boom Just Beginning?
• Neutral Sentiment: Micron confirmed its fiscal Q2 earnings call for Mar. 18 — a near‑term catalyst that can amplify volatility (beat could push shares higher; a miss could trigger further selling). Webcast details are on Micron’s IR site. Micron Technology to Report Fiscal Second Quarter Results on March 18, 2026
• Neutral Sentiment: Analysts and commentators are discussing a possible stock split after a ~300% one‑year run; splits don’t change fundamentals but can broaden retail demand — mostly speculative until announced by Micron. Will Micron Technology Stock Split?
• Negative Sentiment: Short‑term price weakness: recent sessions show MU pulling back more than the market, consistent with profit‑taking after a rapid rally; that increases volatility ahead of earnings. Micron (MU) Suffers a Larger Drop Than the General Market: Key Insights
• Negative Sentiment: Risk pieces warn the AI/memory cycle could cool or re‑rate if capacity adds, pricing normalizes, or demand growth slows — a reminder that elevated expectations are priced in and downside risk exists. Micron and Its Memory-Chip Peers Are Riding the AI Surge. How and When It Could Turn Sour.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Cantor Fitzgerald upped their price objective on Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Itau BBA Securities reaffirmed an “outperform” rating on shares of Micron Technology in a report on Thursday, December 18th. The Goldman Sachs Group lifted their price objective on shares of Micron Technology from $205.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, December 18th. Finally, HSBC raised their target price on shares of Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $358.38.

Micron Technology Stock Down 0.7%

Shares of NASDAQ:MU opened at $418.01 on Wednesday. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. The firm has a market cap of $470.47 billion, a price-to-earnings ratio of 39.73 and a beta of 1.52. The stock’s 50-day moving average price is $358.66 and its two-hundred day moving average price is $247.85. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $455.50.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. The company 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%. Micron Technology’s revenue was up 56.7% on a year-over-year basis. During the same quarter 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, research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, December 29th. Micron Technology’s payout ratio is currently 4.37%.

Insider Buying and Selling

In other news, EVP Sumit Sadana sold 25,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total value of $10,747,250.00. Following the transaction, the executive vice president owned 248,021 shares of the company’s stock, valued at approximately $106,621,747.69. This trade represents a 9.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Teyin M. Liu purchased 7,820 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were acquired at an average cost of $337.50 per share, with a total value of $2,639,250.00. Following the completion of the transaction, the director owned 25,910 shares in the company, valued at $8,744,625. This trade represents a 43.23% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 23,200 shares of company stock valued at $7,821,723 and have sold 73,623 shares valued at $27,307,408. 0.24% of the stock is currently owned by insiders.

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.