Keb Asset Management LLC purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) in the 1st quarter, Holdings Channel reports. The firm purchased 960 shares of the semiconductor manufacturer’s stock, valued at approximately $324,000.
A number of other large investors also recently bought and sold shares of MU. LB Partners LLC acquired a new position in shares of Micron Technology in the 1st quarter valued at $1,351,000. WD Rutherford LLC grew its stake in shares of Micron Technology by 85.3% during the 1st quarter. WD Rutherford LLC now owns 3,701 shares of the semiconductor manufacturer’s stock valued at $1,250,000 after buying an additional 1,704 shares during the period. EJMK Ventures LLC increased its holdings in shares of Micron Technology by 71.2% during the 1st quarter. EJMK Ventures LLC now owns 1,549 shares of the semiconductor manufacturer’s stock worth $523,000 after buying an additional 644 shares during the last quarter. CHICAGO TRUST Co NA increased its holdings in shares of Micron Technology by 4.0% during the 1st quarter. CHICAGO TRUST Co NA now owns 5,725 shares of the semiconductor manufacturer’s stock worth $1,934,000 after buying an additional 220 shares during the last quarter. Finally, Merited Wealth LLC raised its position in shares of Micron Technology by 2.0% in the 1st quarter. Merited Wealth LLC now owns 1,312 shares of the semiconductor manufacturer’s stock worth $443,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.
Key Stories Impacting Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Micron and General Motors announced a long-term strategic supply agreement for automotive memory and storage, reinforcing demand visibility and expanding Micron’s automotive footprint. Micron and General Motors Sign Strategic Agreement to Secure Supply and Accelerate Innovation
- Positive Sentiment: Several analysts remain bullish, citing continued memory shortages, strong AI-driven demand, and higher price targets after Micron’s blowout earnings and guidance. Micron Stock Gets Set to Go Higher as KeyBanc Analyst Predicts ‘Continued Strong Demand’ in 2026
- Positive Sentiment: Industry commentary continues to highlight tight AI memory supply and rising chip prices, which support Micron’s earnings power even after the stock’s strong run. Micron Stock Drops But Memory-Chip Prices Keep Rising
- Neutral Sentiment: Micron also announced a $250 million commitment to Trump Accounts, which may improve sentiment around the company’s U.S. investment story, but the move is politically mixed and not directly tied to operating results. Micron Announces $250 Million Investment in Trump Accounts Reaching 1 Million Children, Families and the Future Workforce
- Negative Sentiment: Micron is being hit by a broad semiconductor selloff as investors lock in profits after the sector’s record rally, weighing on MU alongside other memory names. Chip stocks that notched record rallies in second quarter start Q3 with a dud
- Negative Sentiment: A new class-action lawsuit targeting DRAM pricing is creating legal overhang for Micron and other memory-chip makers, adding uncertainty for investors. Samsung, SK Hynix, Micron sued over DRAM prices: what’s at stake
- Negative Sentiment: Some commentators and valuation-focused pieces are warning that Micron’s massive run may have gone too far, especially if the memory cycle cools or margins normalize. Micron Is Now Everyone Else’s Problem (Rating Downgrade)
Insider Activity
Micron Technology Stock Performance
NASDAQ:MU opened at $1,032.28 on Thursday. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.17 trillion, a price-to-earnings ratio of 23.37 and a beta of 2.13. The firm’s fifty day simple moving average is $856.65 and its 200 day simple moving average is $544.62. Micron Technology, Inc. has a twelve month low of $103.38 and a twelve month high of $1,255.00.
Micron Technology (NASDAQ:MU – Get Free Report) last announced its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same period in the prior year, the company earned $1.91 EPS. The firm’s revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts expect that Micron Technology, Inc. will post 71.74 earnings per share for the current fiscal year.
Micron Technology Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is presently 1.36%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Citigroup lifted their target price on Micron Technology from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Mizuho upped their price target on Micron Technology from $1,150.00 to $1,375.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. raised their price objective on Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Wedbush lifted their price objective on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Finally, Sanford C. Bernstein set a $1,300.00 price objective on Micron Technology in a research note on Monday, June 22nd. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and a consensus target price of $1,263.76.
Check Out Our Latest Research Report on MU
About Micron Technology
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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