CTC 13F: Cuts Micron Technology (MU) Stake by $64M

CTC Adjusts Micron Portfolio Weight

CTC reduced its investment in Micron Technology, Inc. (MU) during the reporting period ending May 21, 2026. According to its latest Form 13F filing with the SEC, the firm sold 55,870 shares, which represents a 15.9% decrease in its total holdings. This move leaves CTC with 294,354 shares of the memory chip maker. At the time of the filing, the remaining position was valued at approximately $339.77 million.

This reduction follows a period of mixed activity among institutional investors. While some firms like B. Riley Wealth Advisors and First Citizens Bank & Trust recently increased their stakes, CTC has joined others, such as Montrusco Bolton, in trimming their exposure. The sale pared down what remains a substantial core holding for CTC, with the firm's cost basis on the position sitting at $110.24 per share.

Micron Stock Performance and Market Valuation

Shares of Micron have shown strong momentum, recently trading at $1,154.29 on Friday. The stock has been trading well above its 50-day moving average of $983.17 and its 200-day moving average of $714.91, signaling a sustained upward trend over the last several months. With a market capitalization of $1.05 trillion, the company has become a heavyweight in the semiconductor space.

Investors are currently paying about 12.5 times trailing earnings for the stock. However, the forward P/E ratio — which compares the price to what analysts expect the company to earn next year — is much lower at 4.55. This suggests the market expects a sharp rise in profits. The stock has stayed within a wide 52-week range, hitting a low of $192.40 and a high of $1,255.00 over the past year.

Recent Earnings and Growth Metrics

In its most recent financial disclosures, Micron reported total revenue of $133.19 billion. The company achieved a revenue growth rate of 3.79% and maintains a net margin of 63.8%. These figures highlight the high profitability currently found in the memory and storage markets. Micron also reported earnings per share of $74.33. Looking forward, the company is scheduled to release its next set of quarterly results on December 23, 2026.

Dividend Program Details

Micron continues to return a small portion of its profits to shareholders through a quarterly dividend. The current annual dividend yield stands at 0.06%. While the payout is modest, the company has a very low payout ratio of 0.7%, meaning it keeps the vast majority of its earnings to reinvest in its high-tech manufacturing facilities and research.

Wall Street Analysts Weigh In

Several analysts have updated their outlooks for Micron recently. On October 13, 2026, Rosenblatt maintained a Buy rating with a $1,900.00 price target. Earlier in the month, DA Davidson raised its price target significantly, moving it from $2,100.00 to $3,000.00 while keeping a Buy rating. Other firms including Mizuho, Morgan Stanley, and TD Cowen also reiterated positive ratings in October 2026, with targets ranging from $1,200.00 to $1,600.00. Across 46 analysts, the consensus remains a Strong Buy with an average price target of $1,560.57.

About Micron Technology

Based in Boise, Idaho, Micron Technology is one of the world's largest producers of computer memory and data storage. They make the DRAM and NAND chips that go into everything from smartphones and personal computers to massive data centers used for artificial intelligence. As AI technology requires faster and larger amounts of memory, Micron has found itself at the center of a hardware boom.

What to Watch at Micron Technology, Inc.

Investors should keep an eye on the upcoming December earnings report to see if the company can meet the high expectations set by Wall Street. While CTC's recent sale reduced its stake, the firm still holds over $300 million in the company. It is important to remember that 13F filings are backward-looking and show what a fund held at the end of a specific quarter; they may not reflect trades that happened more recently.