Royal London Asset Management Ltd. decreased its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 8.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 895,924 shares of the semiconductor manufacturer’s stock after selling 79,391 shares during the period. Micron Technology accounts for about 1.9% of Royal London Asset Management Ltd.’s investment portfolio, making the stock its 8th largest position. Royal London Asset Management Ltd. owned about 0.08% of Micron Technology worth $1,034,156,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Manchester Financial Inc. bought a new position in shares of Micron Technology in the second quarter worth approximately $221,000. Mufg Securities Americas Inc. raised its position in shares of Micron Technology by 9.1% during the 2nd quarter. Mufg Securities Americas Inc. now owns 33,966 shares of the semiconductor manufacturer’s stock valued at $39,207,000 after purchasing an additional 2,829 shares during the period. Investors Asset Management of Georgia Inc. GA ADV lifted its stake in shares of Micron Technology by 20.8% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 1,999 shares of the semiconductor manufacturer’s stock valued at $2,307,000 after buying an additional 344 shares in the last quarter. Nissay Asset Management Corp Japan lifted its stake in shares of Micron Technology by 12.8% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 452,809 shares of the semiconductor manufacturer’s stock valued at $522,673,000 after buying an additional 51,524 shares in the last quarter. Finally, Navellier & Associates Inc. boosted its holdings in Micron Technology by 9.6% in the 2nd quarter. Navellier & Associates Inc. now owns 19,915 shares of the semiconductor manufacturer’s stock worth $22,988,000 after buying an additional 1,751 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.
Analyst Upgrades and Downgrades
MU has been the subject of a number of analyst reports. New Street Research upgraded Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 price target for the company in a research note on Friday, August 14th. Morgan Stanley upped their price objective 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. Wells Fargo & Company increased their target price on Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Needham & Company LLC lifted their target price on Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Finally, Citigroup dropped their price target on Micron Technology from $1,400.00 to $1,150.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Four research 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 stock. According to MarketBeat.com, Micron Technology currently has an average rating of “Buy” and an average price target of $1,295.63.
Micron Technology Stock Performance
MU stock opened at $1,016.59 on Tuesday. The firm has a fifty day moving average price of $932.58 and a 200 day moving average price of $741.12. Micron Technology, Inc. has a fifty-two week low of $125.66 and a fifty-two week high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The firm has a market cap of $1.15 trillion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 0.64 and a beta of 2.22.
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 (EPS) for the quarter, beating 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 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 firm earned $1.91 earnings per share. Micron Technology’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. Sell-side analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share 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. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s dividend payout ratio is currently 1.36%.
Trending Headlines about Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Analysts and market commentators remain bullish on Micron’s role as a supplier of high-bandwidth memory (HBM) used in AI systems. Korean memory stocks reportedly surged while U.S. markets were closed, reinforcing expectations that tight AI-memory supply and strong pricing could support Micron’s earnings and its roughly $50 billion outlook. Micron’s $50 Billion Guide Gets an 8.3% Signal From Seoul
- Positive Sentiment: A top analyst issued an aggressive new price target for MU, while several articles argue that the memory shortage and AI infrastructure buildout could drive another leg higher. Some forecasts point to continued momentum into and after the Sept. 30 earnings release. Micron, SanDisk get new aggressive price targets from top analyst Prediction: Micron Stock Will Skyrocket After Sept. 30
- Positive Sentiment: Micron’s latest quarterly results substantially exceeded expectations, with $25.11 in EPS and $41.46 billion in revenue, up 345.8% year over year. That performance provides a strong fundamental backdrop for the current rally and raises expectations for another earnings beat.
- Neutral Sentiment: Investors are now focused on whether contract-memory pricing, HBM demand and management’s guidance can justify MU’s elevated valuation and support a move toward the $1,250 area. What Would It Take to Get MU Stock Up to $1,250?
- Negative Sentiment: Micron’s plan to significantly expand HBM capacity could eventually create oversupply, pressure pricing and weaken margins if AI demand fails to keep pace. The stock has also struggled to regain its June peak, prompting questions about whether the rally is losing momentum. Could Doubling HBM Capacity Create an Oversupply Headwind? Is Micron Technology Stock Running Out of Steam?
Insider Activity
In related news, Director Lynn Dugle sold 1,300 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the transaction, the director owned 17,728 shares of the company’s stock, valued at approximately $20,394,823.04. This trade represents a 6.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Scott Allen sold 879 shares of Micron Technology stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is owned by insiders.
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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