GRIMES & Co WEALTH MANAGEMENT LLC Lowers Position in Micron Technology, Inc. $MU

GRIMES & Co WEALTH MANAGEMENT LLC cut its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 17.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,098 shares of the semiconductor manufacturer’s stock after selling 14,505 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Micron Technology were worth $11,227,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MU. First Command Advisory Services Inc. lifted its position in shares of Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 153 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Micron Technology in the third quarter worth about $27,000. Howard Hughes Medical Institute purchased a new stake in shares of Micron Technology during the 2nd quarter worth approximately $30,000. AlphaQuest LLC grew its holdings in 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 purchasing an additional 265 shares during the period. Finally, WealthCollab LLC increased its position in Micron Technology by 4,500.0% in the second quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 270 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MU shares. Mizuho boosted their price objective on Micron Technology from $290.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group upped their price target on Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Wall Street Zen upgraded shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $300.00 price objective on shares of Micron Technology in a research note on Monday, December 15th. Finally, KeyCorp set a $350.00 target price on shares of Micron Technology in a research note on Thursday, December 18th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $295.45.

Trending Headlines about Micron Technology

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 Stock Performance

Micron Technology stock 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 company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. The stock has a market cap of $389.28 billion, a P/E ratio of 32.88, a price-to-earnings-growth ratio of 0.22 and a beta of 1.50. The firm’s fifty day moving average price is $259.11 and its 200-day moving average price is $186.59.

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

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors 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 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s payout ratio is presently 4.37%.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 3,743 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $233.39, for a total transaction of $873,578.77. Following 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 at this hyperlink. Also, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the completion of the sale, the chief financial officer owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 318,800 shares of company stock valued at $72,333,387 over the last 90 days. Company insiders own 0.24% of the company’s stock.

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.