Procyon Advisors LLC Buys 1,337 Shares of Micron Technology, Inc. $MU

Posted by Stanley Muller on Jul 14th, 2026

Procyon Advisors LLC boosted its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 20.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 7,737 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,337 shares during the quarter. Procyon Advisors LLC’s holdings in Micron Technology were worth $2,614,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. LGT Fund Management Co Ltd. increased its stake in shares of Micron Technology by 500.9% in the 1st quarter. LGT Fund Management Co Ltd. now owns 80,342 shares of the semiconductor manufacturer’s stock valued at $27,143,000 after buying an additional 66,971 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Micron Technology during the first quarter valued at $83,268,000. Anchor Investment Management LLC lifted its stake in shares of Micron Technology by 19.0% during the first quarter. Anchor Investment Management LLC now owns 12,060 shares of the semiconductor manufacturer’s stock valued at $4,074,000 after acquiring an additional 1,925 shares during the period. Diversify Wealth Management LLC boosted its holdings in Micron Technology by 742.8% in the first quarter. Diversify Wealth Management LLC now owns 73,659 shares of the semiconductor manufacturer’s stock valued at $24,885,000 after acquiring an additional 64,919 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its holdings in Micron Technology by 41.9% in the first quarter. Valmark Advisers Inc. now owns 2,089 shares of the semiconductor manufacturer’s stock valued at $706,000 after acquiring an additional 617 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Trading Down 4.4%

Shares of NASDAQ MU opened at $936.18 on Tuesday. Micron Technology, Inc. has a twelve month low of $103.38 and a twelve month high of $1,255.00. The stock has a market cap of $1.06 trillion, a price-to-earnings ratio of 21.19 and a beta of 2.14. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company’s fifty day moving average is $931.65 and its 200-day moving average is $584.94.

Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm’s quarterly revenue was up 345.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities research analysts predict that Micron Technology, Inc. will post 72.94 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, July 6th. Micron Technology’s dividend payout ratio is 1.36%.

Insiders Place Their Bets

In related news, CEO Sanjay Mehrotra sold 28,506 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $1,149.28, for a total value of $32,761,375.68. Following the completion of the transaction, the chief executive officer directly owned 355,997 shares in the company, valued at approximately $409,140,232.16. The trade was a 7.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the transaction, the executive vice president owned 85,737 shares of the company’s stock, valued at $92,933,763.78. This represents a 31.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 163,300 shares of company stock valued at $152,667,204 over the last ninety days. 0.24% of the stock is owned by insiders.

Trending Headlines about Micron Technology

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

Positive Sentiment: Micron is still being viewed as a long-term AI winner, with articles highlighting strong demand for DRAM/HBM memory, a persistent supply shortage, and large customer commitments that improve revenue visibility. Micron (MU) Just Put $3 Billion Into GlobalWafers To Secure AI Supply
Positive Sentiment: Analysts and commentators continue to argue that Micron remains attractively valued after the pullback, pointing to strong growth, buy ratings, and upside potential if AI memory demand stays tight. Micron Offers a Lucrative Investment Opportunity at Current Valuation
Neutral Sentiment: Several pieces frame Micron as part of a bigger AI-memory cycle, with bullish takes saying the memory market could stay tight for years, but also noting that investors are becoming more cautious after a huge run-up. The SK Hynix IPO and 2027’s AI Memory Squeeze (MU)
Negative Sentiment: Micron is getting dragged lower in sympathy with SK Hynix and other memory names after a weak outlook from SK Hynix sparked fears that the AI memory rally may be overextended. Micron Stock Drops as Memory Rivals’ Surging Spending Stokes Fears
Negative Sentiment: Broader market weakness, including a Nasdaq selloff and rising oil-related geopolitical concerns, is adding pressure to chip stocks and weighing on Micron shares. Dow Jones Futures: Nasdaq Sells Off, Oil Prices Spike On Trump Blockade; Micron, Sandisk, SK Hynix, SpaceX Dive

Wall Street Analysts Forecast Growth

MU has been the subject of several recent research reports. Rosenblatt Securities boosted their price objective on Micron Technology from $1,200.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 price target on shares of Micron Technology in a research report on Monday, June 22nd. TD Cowen reissued a “buy” rating on shares of Micron Technology in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Five research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $1,263.76.

Check Out Our Latest Research Report on MU

Micron Technology Company 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.