Oxinas Partners LLC raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 37.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,723 shares of the semiconductor manufacturer’s stock after acquiring an additional 738 shares during the quarter. Micron Technology makes up 1.2% of Oxinas Partners LLC’s portfolio, making the stock its 20th largest holding. Oxinas Partners LLC’s holdings in Micron Technology were worth $3,143,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of MU. Ramsey Quantitative Systems bought a new position in Micron Technology in the 2nd quarter worth $46,000. Signature Resources Capital Management LLC lifted its position in Micron Technology by 1,125.0% during the second quarter. Signature Resources Capital Management LLC now owns 49 shares of the semiconductor manufacturer’s stock valued at $57,000 after purchasing an additional 45 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Micron Technology during the first quarter valued at about $27,000. High Note Wealth LLC grew its holdings in Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 34 shares during the period. Finally, Bayban bought a new stake in Micron Technology during the fourth quarter valued at about $29,000. Institutional investors own 80.84% of the company’s stock.
Micron Technology News Summary
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: New Street upgraded Micron to “Buy” from “Neutral” and set a $1,250 price target, citing the possibility that AI is making memory demand less cyclical. The firm projects a potential $2 trillion-$3 trillion valuation for Micron by the end of the decade. Micron Upgraded to Buy on the Claim Memory Stopped Being Cyclical
- Positive Sentiment: DRAM and NAND prices are tightening again, potentially increasing the earnings impact of Micron’s rapidly expanding data-center business. Analysts are continuing to raise revenue estimates and price targets as AI infrastructure spending supports demand for high-bandwidth memory and storage. Micron Stock Jumps as Memory Pricing Tightens Again
- Positive Sentiment: Micron launched a $250 million Micron Ventures Paradigm Fund to invest across the AI technology stack, including model development, computing infrastructure, enterprise applications and physical AI. The initiative could strengthen partnerships and give Micron earlier insight into future memory and storage requirements. Micron Ventures Launches $250 Million Fund
- Neutral Sentiment: Broader semiconductor strength, record U.S. equity benchmarks and easing rate-hike expectations are supporting risk appetite for memory stocks. Technical analysts also identify approximately $1,012 as an important near-term resistance level. Micron Price Forecast
- Negative Sentiment: Risks remain from rising Chinese competition and execution timing. YMTC has surpassed Micron in NAND shipments, while Micron’s new $9.3 billion fabrication plant is not expected to produce chips until 2028. Michael Burry has also increased bearish positions involving Micron, underscoring concerns about valuation, supply growth and a possible return of memory-cycle volatility.
Micron Technology Price Performance
Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter last year, the business posted $1.91 EPS. The firm’s revenue for the quarter was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.
Micron Technology Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were issued a $0.15 dividend. 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 dividend payout ratio (DPR) is 1.36%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on MU shares. Seaport Research Partners reaffirmed a “buy” rating on shares of Micron Technology in a research note on Friday. Sanford C. Bernstein set a $1,300.00 price objective on Micron Technology in a research note on Monday, June 22nd. Raymond James Financial increased 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 report on Thursday, June 25th. New Street Research raised shares of Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 target price for the company in a report on Friday. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology has an average rating of “Buy” and an average price target of $1,259.97.
Check Out Our Latest Research Report on Micron Technology
Insider Buying and Selling at Micron Technology
In related news, CAO Scott R. Allen sold 879 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lynn A. Dugle sold 1,300 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the sale, the director owned 17,728 shares in the company, valued at $20,394,823.04. This represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 162,179 shares of company stock valued at $167,811,861. 0.24% of the stock is owned by company insiders.
Micron Technology 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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