51,006 Shares in Micron Technology, Inc. $MU Purchased by Formuepleje A S

Key Points

• Formuepleje A S purchased 51,006 Micron shares worth approximately $58.9 million, making Micron its ninth-largest holding and representing 4.6% of its portfolio. Institutional investors collectively own 80.84% of the company.
• Analyst sentiment remains bullish: Micron has an average “Buy” rating and an average price target of $1,295.63, with four “Strong Buy” and 31 “Buy” ratings.
• Micron reported quarterly earnings and revenue above expectations, supported by strong memory demand, though insiders sold $182.2 million of stock in the last quarter and investors remain concerned about AI-spending risks and competition in high-bandwidth memory.

Formuepleje A S purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 51,006 shares of the semiconductor manufacturer's stock, valued at approximately $58,876,000. Micron Technology accounts for approximately 4.6% of Formuepleje A S's portfolio, making the stock its 9th largest position.

Other hedge funds have also bought and sold shares of the company. High Note Wealth LLC increased its stake in shares of 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 in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Micron Technology in the 1st quarter worth approximately $27,000. Bayban bought a new stake in shares of Micron Technology in the 4th quarter worth approximately $29,000. Financial Life Planners purchased a new stake in shares of Micron Technology in the 1st quarter worth approximately $36,000. Finally, Portus Wealth Advisors LLC purchased a new stake in shares of Micron Technology in the 1st quarter worth approximately $37,000. Institutional investors own 80.84% of the company's stock.

Analyst Ratings Changes

MU has been the subject of a number of recent research reports. Seaport Research Partners reiterated a "buy" rating on shares of Micron Technology in a research note on Friday, August 14th. Rosenblatt Securities increased their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the stock a "buy" rating in a research note on Thursday, June 25th. 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 report on Friday, August 14th. Wolfe Research set a $1,500.00 price target on Micron Technology in a research report on Thursday, June 25th. Finally, Wedbush lifted their price target on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $1,295.63.

Insiders Place Their Bets

In other news, Director Lynn A. Dugle sold 1,300 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the transaction, the director directly owned 17,728 shares of the company's stock, valued at $20,394,823.04. The trade was a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott R. Allen sold 879 shares of the firm's stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 177,204 shares of company stock worth $182,156,264 in the last quarter. Insiders own 0.24% of the company's stock.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $924.03 on Tuesday. The firm has a market cap of $1.04 trillion, a P/E ratio of 20.92, a PEG ratio of 0.62 and a beta of 2.22. Micron Technology, Inc. has a twelve month low of $154.65 and a twelve month high of $1,255.00. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $928.22 and a 200 day moving average of $760.84.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion for 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 company's revenue was up 345.8% compared to the same quarter last year. During the same period last year, the business posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, research analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology's dividend payout ratio (DPR) is presently 1.36%.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron’s long-term outlook remains supported by tight DRAM supply, strong HBM demand, and planned expansion of DRAM and HBM manufacturing capacity. Long-term customer agreements could support pricing and growth through 2027 and beyond. Micron Has More Firepower Left in Its Cylinder for the Long Term
• Positive Sentiment: Investors are looking ahead to Micron’s September 30 earnings report, with expectations for continued record DRAM and NAND pricing, strong results, and optimistic forward guidance. Prediction: Micron’s Sept. 30 Earnings Will Confirm the Memory Shortage Isn’t Over
• Neutral Sentiment: Technical analysts are monitoring a closely watched support level after the stock’s decline. A break below that level could signal additional near-term weakness, while stabilization could allow investors to refocus on Micron’s earnings and HBM expansion plans. Micron Stock Sends Urgent Signal as Shares Slide
• Negative Sentiment: Shares declined with other AI-related semiconductor stocks after Anthropic and OpenAI executives called for a slower pace of AI development. Investors fear that a moderation in AI spending could reduce demand expectations for memory chips and weaken the premium valuation assigned to HBM suppliers. Memory Stocks Lead AI Selloff
• Negative Sentiment: Additional risks include the possibility that Nvidia develops chips requiring less expensive memory, while Samsung and SK Hynix gain HBM market share. A report that DeepSeek materially reduced its HBM and SSD requirements has also challenged the assumption that AI usage will translate directly into proportional memory demand. DeepSeek Cut Its KV-Cache HBM Need
• Negative Sentiment: Potentially higher interest rates are adding pressure to high-growth technology stocks and amplifying the sector-wide selloff. Dow Jones Futures: Nvidia, Micron, Sandisk Dive on AI Fears

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron's products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.