Perigon Wealth Management 13F: Cuts MU Stake by $2.5M

Perigon Wealth Management reduced its holdings in Micron Technology, Inc. MU by 7.3% during the quarter, according to a Form 13F filed with the SEC on October 22, 2026. The firm parted with 2,349 shares, leaving it with 29,670 shares of the semiconductor maker. The remaining stake carried a value of about $31.6 million at the close of the filing period.

MU Micron Technology, Inc.

$856.49 ▲ +171.74% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Perigon Wealth Management's Micron Technology Position

The adjustment lowered Perigon Wealth Management's exposure to Micron Technology from 32,019 shares down to 29,670 shares. The 7.3% reduction reflects a smaller footprint in the chipmaker as institutional portfolios shift ahead of upcoming quarterly reports.

Other Institutional Activity in Micron Technology

Other institutional investors made notable shifts in their Micron Technology holdings during the filing window. Quilter grew its holdings by 50,313 shares, ending with 131,610 shares worth about $140.2 million. Livforsakringsbolaget Skandia, Omsesidigt reduced its position by 2,680 shares, ending with 97,582 shares valued at roughly $103.9 million. Sumitomo Mitsui DS Asset Management Company grew its stake by 16,103 shares to hold 194,522 shares worth about $207.2 million. Barings cut its holdings by 1,686 shares, leaving it with 879 shares valued at approximately $936,232. Sagespring Wealth Partners boosted its position by 1,446 shares, finishing with 16,982 shares worth about $18.1 million.

Micron Technology, Inc. Stock Down 4.4%

Micron Technology shares recently traded around $857.01 on October 23, 2026, sitting close to the $856.49 close recorded on the October 22 filing date. The stock trades above its 200-day moving average but remains well below its 52-week high of $1,255.00.

Recent Earnings

Micron Technology reported trailing-twelve-month revenue of $133.2 billion and basic earnings of $74.33 per share. The company generated a net profit margin of 63.8% and a return on equity of 88.3%. The next corporate earnings update is scheduled for December 23, 2026.

Dividend

Micron Technology pays an annual dividend rate of $0.60 per share, which translates to a modest dividend yield of 0.07% based on a low payout ratio of 0.7%.

Insider Buying and Selling at Micron Technology, Inc.

Company insiders executed several transactions prior to the filing. Chief Executive Officer Sanjay Mehrotra disposed of 31,285 shares on July 24, 2026, valued at approximately $29.0 million, and later sold 40,000 shares on August 21, 2026, worth about $38.8 million. Officer Sumit Sadana sold 15,000 shares on August 18, 2026, at an average price of $934.29 for a total of $14.0 million. President Scott J. Deboer parted with 28,544 shares on October 16, 2026, valued at roughly $25.7 million.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock around the filing period. On October 1, 2026, Mizuho maintained an Outperform rating while raising its price target to $1400.00 from $1300.00. DA Davidson maintained a Buy rating on October 7, 2026, lifting its target to $3000.00 from $2100.00. Rosenblatt maintained a Buy rating with a $1900.00 price target on October 13, 2026, and reiterated that stance on October 22, 2026. Needham also reiterated a Buy rating with a $1650.00 target on October 22, 2026. The stock holds a consensus strong buy recommendation across 46 analyst opinions with a mean target price of $1560.57.

About Micron Technology

Micron Technology, Inc. designs and manufactures high-performance memory and storage solutions, including dynamic random-access memory and flash memory chips. Headquartered in Boise, Idaho, the company supplies critical components used across data centers, personal computing devices, mobile phones, and automotive systems worldwide.

Bottom Line

Institutional adjustments like Perigon's offer a window into portfolio management strategies among mid-sized wealth firms. Investors will look toward Micron's upcoming earnings release in December for further clues on demand trends across its core memory segments.