True North Advisors 13F: Cuts MU Stake by $6.5M

True North Advisors cut its stake in Micron Technology, Inc. (MU) by 96.3% during the quarter, according to a Form 13F filing on October 22, 2026. The firm sold 6,049 shares, leaving it with 230 shares valued at $245,277.

MU Micron Technology, Inc.

$856.49 ▲ +171.74% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in True North Advisors's Micron Technology, Inc. Position

True North Advisors drastically reduced its holdings in the semiconductor maker over the period. The fund held 6,279 shares prior to the adjustment and finished the period holding just 230 shares. The dramatic reduction translates to a 96.3% drop in its share count.

Other Institutional Activity in Micron Technology, Inc.

Other institutional investors also adjusted their positions in the memory chip manufacturer. Barings grew its holdings by -1,686 shares, ending with 879 shares worth about $936,232. Sagespring Wealth Partners boosted its position by 1,446 shares, adding 9.3% to hold 16,982 shares worth about $18,087,350. Meanwhile, Primecap Management Company reduced its holdings by 2,657,819 shares, ending with 19,217,236 shares worth about $16,459,370,273.

Micron Technology, Inc. Stock Down 4.4%

Micron Technology, Inc. shares closed at $856.49 on October 22, 2026, and recently traded around $857.01 as of October 23, 2026. The stock sits below its 50-day moving average of $985.27 and above its 200-day moving average of $726.85. Its 52-week range spans from a low of $192.59 to a high of $1255.00.

Recent Earnings

Micron Technology, Inc. reported $133,188,001,792 in trailing-twelve-month revenue alongside trailing earnings of $74.33 per share. The company posted a net profit margin of 63.8% and a return on equity of 88.3%. Its year-over-year revenue growth reached 379.3%, and the next earnings report is scheduled for December 23, 2026.

Dividend

Micron Technology, Inc. pays an annual dividend rate of $0.60 per share, yielding 0.07% with a payout ratio of 0.7%.

Insider Buying and Selling at Micron Technology, Inc.

Insiders executed multiple stock transactions prior to the filing. On July 24, 2026, Chief Executive Officer Sanjay Mehrotra sold 31,285 shares worth $28,995,816. Sumit Sadana sold 15,000 shares on August 18, 2026, at a price of $934.29 for a total of $14,014,350. Chief Executive Officer Sanjay Mehrotra later sold 40,000 shares on August 21, 2026, valued at $38,756,162. Finally, President Scott J. Deboer sold 28,544 shares on October 16, 2026, worth $25,690,216.

Analysts Set New Price Targets

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

About Micron Technology, Inc.

Micron Technology, Inc. designs and manufactures high-performance memory and storage solutions, operating across cloud, data center, mobile, and automotive markets. The company supplies essential hardware components that power modern computing infrastructure and digital devices worldwide.

Bottom Line

True North Advisors scaled back its exposure significantly, reflecting shifting allocations among institutional holders. Investors will monitor upcoming earnings results on December 23, 2026, for further insight into the chipmaker's financial trajectory.