DAVENPORT & Co LLC Reduces Position in Micron Technology, Inc. $MU

DAVENPORT & Co LLC lowered its holdings in Micron Technology, Inc. (NASDAQ:MU) by 21.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund 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.

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

Analysts Set New Price Targets

Several brokerages have recently commented on MU. The Goldman Sachs Group increased their price target on shares of Micron Technology from $205.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. KeyCorp set a $350.00 target price on Micron Technology in a research report on Thursday, December 18th. Summit Insights upgraded Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Morgan Stanley raised 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. Finally, HSBC began coverage on shares of Micron Technology in a research note on Tuesday, December 9th. They set a “buy” rating and a $330.00 target price for the company. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $282.61.

Micron Technology Price Performance

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

Micron Technology (NASDAQ:MU) last announced its quarterly 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 company had revenue of $13.64 billion during 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 company’s revenue for the quarter was up 56.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Insider Activity

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were 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 in the company, valued at approximately $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the transaction, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This represents a 34.72% 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 worth $83,974,468 in the last quarter. Company insiders own 0.24% of the company’s stock.

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

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.