830 Shares in Micron Technology, Inc. $MU Acquired by Thomist Capital Management LP

Posted by Brian Himes on Sep 4th, 2026

Thomist Capital Management LP bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 830 shares of the semiconductor manufacturer’s stock, valued at approximately $958,000.

Other hedge funds have also bought and sold shares of the company. Van Hulzen Asset Management LLC purchased a new position in shares of Micron Technology in the second quarter worth $320,000. Wood Tarver Financial Group LLC acquired a new position in shares of Micron Technology in the 2nd quarter valued at about $7,334,000. Fiduciary Financial Advisors purchased a new stake in shares of Micron Technology in the second quarter worth about $1,968,000. Manning & Napier Advisors LLC purchased a new stake in shares of Micron Technology in the second quarter worth about $1,299,000. Finally, Brandywine Managers LLC acquired a new stake in Micron Technology during the second quarter worth about $1,634,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. The Goldman Sachs Group lifted their price target on Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Susquehanna raised their price objective on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the stock a “positive” rating in a research note on Thursday, June 25th. Stifel Nicolaus lifted their target price on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, June 18th. New Street Research upgraded 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 research note on Friday, August 14th. Finally, Seaport Research Partners reissued a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $1,295.63.

Check Out Our Latest Analysis on Micron Technology

Insider Activity

In related news, CAO Scott Allen sold 879 shares of Micron Technology 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 of the company’s stock, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP April Arnzen sold 40,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the sale, the executive vice president directly owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. The trade was a 31.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 177,204 shares of company stock worth $182,156,264. Insiders own 0.24% of the company’s stock.

More Micron Technology News

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

Positive Sentiment: Record results and upbeat outlook support the bull case. Micron’s fiscal third-quarter revenue reached $41.46 billion, while non-GAAP EPS was $25.11, both well above expectations. Management’s fiscal fourth-quarter outlook—approximately $50 billion in revenue, $31 in non-GAAP EPS and an estimated 86% gross margin—has reinforced expectations for another record quarter. Micron’s Q4 2026 Period Will Be Another Record Quarter
Positive Sentiment: AI demand is extending beyond high-bandwidth memory (HBM). Hyperscaler spending is tightening supplies of HBM, DRAM and NAND, driving contract-price increases and diverting production away from consumer electronics. Micron also has 16 strategic customer agreements, including multiyear commitments and pricing protections, improving revenue visibility and reducing—though not eliminating—the impact of traditional memory cycles. Micron: The AI Memory Shortage Has Spread Beyond HBM
Positive Sentiment: Analysts and institutional investors remain broadly constructive. Several reports argue that sold-out HBM capacity, strong pricing and a valuation below some semiconductor peers leave room for further gains. Soros Fund Management increased its reported Micron position nearly eightfold in the second quarter, although other investors, including David Tepper, reduced their exposure. Soros Fund Management Increased Micron Nearly Eightfold
Neutral Sentiment: Micron also received a legal tailwind. A U.S. appeals court upheld Patent Office rulings invalidating five Netlist memory patents, removing a potential source of litigation pressure. Netlist Loses Patent Infringement Appeal Against Micron
Negative Sentiment: China’s CXMT is gaining DRAM share, increasing long-term competition. Reports place CXMT near 10% of the DRAM market, raising concerns that Chinese capacity could eventually pressure pricing and market share, despite Micron’s near-term production being largely committed under contracts. Chinese Chipmaker CXMT Surges to 10% DRAM Share
Negative Sentiment: High expectations and external risks are limiting enthusiasm. Critics argue that the upcoming quarterly report must deliver near-perfect execution after MU’s major rally. A potentially restrictive Federal Reserve decision could pressure richly valued growth stocks, while labor tensions in Taiwan—including demands for unusually large bonuses and a possible strike vote—create supply-continuity and margin risks. The Fed’s September Decision Could Hit Micron Harder Than Its Own Earnings

Micron Technology Stock Performance

NASDAQ MU opened at $958.16 on Friday. The stock has a market capitalization of $1.08 trillion, a price-to-earnings ratio of 21.69, a PEG ratio of 0.61 and a beta of 2.22. Micron Technology, Inc. has a twelve month low of $118.52 and a twelve month high of $1,255.00. 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 stock has a 50-day moving average of $937.47 and a 200 day moving average of $732.52.

Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter in the prior year, the business posted $1.91 earnings per share. Micron Technology’s revenue for the quarter was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts anticipate 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. Stockholders of record on Monday, July 6th were given a dividend of $0.15 per share. The ex-dividend date 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%.

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.