Salem Investment Counselors Inc. Sells 27,381 Shares of Micron Technology, Inc. $MU

Posted by Stanley Muller on Aug 16th, 2026

Salem Investment Counselors Inc. cut its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 13.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 178,055 shares of the semiconductor manufacturer’s stock after selling 27,381 shares during the quarter. Micron Technology makes up 5.1% of Salem Investment Counselors Inc.’s investment portfolio, making the stock its 5th largest position. Salem Investment Counselors Inc.’s holdings in Micron Technology were worth $205,527,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Cardinal Point Capital Management ULC lifted its stake in shares of Micron Technology by 2.3% during the second quarter. Cardinal Point Capital Management ULC now owns 2,188 shares of the semiconductor manufacturer’s stock valued at $2,525,000 after buying an additional 49 shares during the period. Goelzer Investment Management Inc. acquired a new stake in Micron Technology during the second quarter worth approximately $1,226,000. Burney Co. grew its stake in Micron Technology by 166.3% in the 2nd quarter. Burney Co. now owns 19,104 shares of the semiconductor manufacturer’s stock worth $22,051,000 after acquiring an additional 11,930 shares during the period. Accurate Wealth Management LLC raised its holdings in Micron Technology by 98.0% in the 2nd quarter. Accurate Wealth Management LLC now owns 7,452 shares of the semiconductor manufacturer’s stock valued at $8,602,000 after acquiring an additional 3,688 shares during the last quarter. Finally, XY Planning Network Inc. acquired a new position in Micron Technology in the 2nd quarter valued at $683,000. Institutional investors and hedge funds 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.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MU. Morgan Stanley increased their price target on Micron Technology from $1,050.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. UBS Group reiterated a “buy” rating on shares of Micron Technology in a research report on Monday, August 10th. Melius Research started coverage on Micron Technology in a research report on Monday, April 27th. They set a “buy” rating and a $700.00 target price on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Micron Technology in a research note on Friday, August 7th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Micron Technology currently has a consensus rating of “Buy” and an average price target of $1,259.97.

Check Out Our Latest Stock Analysis on MU

Micron Technology Stock Up 2.3%

Shares of MU opened at $971.66 on Friday. Micron Technology, Inc. has a fifty-two week low of $113.46 and a fifty-two week high of $1,255.00. The company’s fifty day moving average is $965.49 and its two-hundred day moving average is $677.08. The firm has a market cap of $1.10 trillion, a PE ratio of 22.00 and a beta of 2.18. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.

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, topping analysts’ consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business’s revenue for the quarter was up 345.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology’s dividend payout ratio is 1.36%.

Insider Buying and Selling at Micron Technology

In related news, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the sale, the director directly owned 17,728 shares in the company, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction dated 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 directly owned 85,737 shares in the company, valued at $92,933,763.78. This trade represents a 31.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 162,179 shares of company stock valued at $167,811,861 in the last quarter. Company insiders own 0.24% of the company’s stock.

About Micron Technology

(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.