Graham Capital Management L.P. Grows Stock Position in Micron Technology, Inc. $MU

Posted by Francis Steltz on Jun 17th, 2026

Graham Capital Management L.P. boosted its stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 15.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 96,114 shares of the semiconductor manufacturer’s stock after buying an additional 12,749 shares during the quarter. Micron Technology makes up approximately 0.7% of Graham Capital Management L.P.’s investment portfolio, making the stock its 22nd biggest holding. Graham Capital Management L.P.’s holdings in Micron Technology were worth $27,432,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Heritage Trust Co raised its holdings in Micron Technology by 9.7% during the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock valued at $4,289,000 after buying an additional 1,323 shares during the period. Westpac Banking Corp raised its holdings in Micron Technology by 251.0% during the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock valued at $3,863,000 after buying an additional 16,509 shares during the period. Wellington Management Group LLP raised its holdings in Micron Technology by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer’s stock valued at $1,196,427,000 after buying an additional 1,188,296 shares during the period. Fulton Bank N.A. raised its holdings in Micron Technology by 79.1% during the 4th quarter. Fulton Bank N.A. now owns 16,183 shares of the semiconductor manufacturer’s stock valued at $4,619,000 after buying an additional 7,147 shares during the period. Finally, Financial Synergies Wealth Advisors Inc. purchased a new stake in Micron Technology during the 4th quarter valued at $1,316,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the transaction, the director owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the transaction, the executive vice president directly owned 125,737 shares in the company, valued at $43,679,776.43. The trade was a 24.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 146,000 shares of company stock worth $85,486,715 over the last quarter. 0.24% of the stock is owned by corporate insiders.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $1,020.76 on Wednesday. The stock’s fifty day moving average is $705.11 and its two-hundred day moving average is $476.85. The company has a market capitalization of $1.15 trillion, a PE ratio of 48.19 and a beta of 2.16. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. Micron Technology, Inc. has a 52 week low of $103.38 and a 52 week high of $1,110.40.

Micron Technology (NASDAQ:MU – Get Free Report) last announced its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, beating the consensus estimate of $9.19 by $3.01. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The company had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $19.97 billion. During the same quarter in the prior year, the company posted $1.56 EPS. Micron Technology’s quarterly revenue was up 196 on a year-over-year basis. As a group, analysts expect that Micron Technology, Inc. will post 59.23 earnings per share for the current year.

Key Stories Impacting Micron Technology

Here are the key news stories impacting Micron Technology this week:

Positive Sentiment: Wall Street sentiment remains upbeat, with multiple firms raising price targets and TD Cowen lifting its target to $1,500 on expectations that AI-driven memory demand will keep pricing strong through 2027. Micron Rallies as TD Cowen Lifts Price Target 127% Ahead of Earnings
Positive Sentiment: Micron was reported to have been approved to supply HBM4 memory to Nvidia, reinforcing its role as a key AI memory supplier and supporting the long-term growth story. Micron Technology Inc (MU) Gets Nvidia Nod For AI Memory Supply
Positive Sentiment: Several reports highlighted continued breakout momentum, memory-chip shortages, and strong demand for high-bandwidth memory, all of which have been driving Micron’s recent surge. Stock Of The Day: Did Micron Technology Break Out Again?
Neutral Sentiment: Micron is approaching its fiscal Q3 earnings report on June 24, and options traders are pricing in a large swing, showing that expectations are elevated and volatility may stay high. Micron (MU) Q3 Earnings on Deck – Options Traders Brace for a 17.6% Price Swing
Neutral Sentiment: Some analysts and commentary warned the stock is increasingly overbought after its massive year-to-date run, suggesting the latest weakness may reflect a valuation pause rather than a change in fundamentals. Micron stock turns most overbought in 30 years: Time to sell?
Negative Sentiment: One recent market note said Micron fell more sharply than the broader market in the latest session, indicating some near-term selling pressure and profit-taking after the stock’s huge move higher. Micron (MU) Falls More Steeply Than Broader Market: What Investors Need to Know

Wall Street Analyst Weigh In

Several research firms recently weighed in on MU. Barclays increased their price target on Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Wolfe Research upped their price objective on Micron Technology from $550.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Thursday, June 11th. Stifel Nicolaus upped their price objective on Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Melius Research began coverage on Micron Technology in a research report on Monday, April 27th. They issued a “buy” rating and a $700.00 price objective on the stock. Finally, Citigroup upped their price objective on Micron Technology from $425.00 to $840.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Five research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and an average target price of $788.13.

Check Out Our Latest Stock Analysis on Micron Technology

Micron Technology Profile

(Free Report)

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.