Parallel Advisors LLC lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 26.7% in the first quarter, HoldingsChannel.com reports. The fund owned 18,868 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,979 shares during the quarter. Parallel Advisors LLC’s holdings in Micron Technology were worth $6,374,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. High Note Wealth LLC lifted its holdings in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 34 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Micron Technology in the 1st quarter valued at about $27,000. Steigerwald Gordon & Koch Inc. boosted its holdings in Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 96 shares during the period. Bayban purchased a new stake in Micron Technology during the 4th quarter valued at about $29,000. Finally, GHP Investment Advisors Inc. grew its position in Micron Technology by 91.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 52 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.
Micron Technology Price Performance
MU opened at $893.19 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. Micron Technology, Inc. has a 52-week low of $106.75 and a 52-week high of $1,255.00. The stock has a market capitalization of $1.01 trillion, a PE ratio of 20.22 and a beta of 2.18. The stock’s 50 day moving average price is $977.73 and its 200-day moving average price is $653.36.
Micron Technology Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s payout ratio is presently 1.36%.
Analysts Set New Price Targets
Several brokerages have weighed in on MU. Barclays boosted their price objective on Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Raymond James Financial lifted their target price on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. DA Davidson upped their price target on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Stifel Nicolaus increased their price target on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, Wedbush raised their price target on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $1,268.93.
Check Out Our Latest Stock Analysis on MU
Micron Technology News Summary
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Elon Musk said memory-chip demand is growing much faster than global production, implying that elevated pricing could persist for years. The comments reinforced the outlook for Micron’s high-bandwidth memory and other AI-related products. Micron Retreats From Earlier Gains After Musk Flagged Surging Memory Prices
- Positive Sentiment: Samsung’s warning that memory shortages may worsen in 2027 and continue through 2028 strengthened expectations for a prolonged supply-constrained cycle. Micron’s sold-out 2026 HBM capacity and customer commitments further support revenue visibility. Micron Has More to Gain Than Nvidia Has to Lose From Samsung’s 2028 Warning
- Positive Sentiment: Bank of America reiterated its Buy rating and $1,550 price target, calling the recent pullback an enhanced buying opportunity. The firm said cloud and AI-infrastructure demand remains solid and Micron’s pricing power is intact. Micron Pullback Seen as Buying Opportunity Amid Solid End-Demand
- Positive Sentiment: Micron’s latest quarterly results showed record revenue of about $41.5 billion, sharply higher year over year, with earnings and revenue exceeding analyst estimates. Strong forward guidance and a robust semiconductor earnings season are providing additional support.
- Neutral Sentiment: A broader semiconductor rally tied to renewed AI optimism helped lift MU and other chip stocks, although gains faded as investors reassessed risk across high-growth technology shares. Semiconductor Rally Powers S&P 500 to Fresh Record High
- Negative Sentiment: Investors remain concerned that elevated expectations for AI spending could lead to oversupply, weaker pricing or a sharper memory-stock correction. Chinese competition and Micron’s substantial retreat from its recent peak add to volatility.
- Negative Sentiment: Michael Burry’s reported short position in MU and extensive insider selling are weighing on sentiment, even though these signals do not necessarily reflect the company’s operating outlook. Micron Technology Stock Opinions on AI Demand and Short Warnings
Insider Activity at Micron Technology
In related news, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the transaction, the executive vice president owned 85,737 shares in the company, valued at $92,933,763.78. The trade was a 31.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 37,439 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the completion of the sale, the chief executive officer owned 387,064 shares of the company’s stock, valued at $371,728,524.32. This trade represents a 8.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 164,179 shares of company stock valued at $169,385,921 over the last three months. Corporate insiders own 0.24% of the company’s stock.
Micron Technology Company Profile
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.
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