8,964 Shares in Micron Technology, Inc. $MU Bought by Osterweis Capital Management Inc.

Key Points

• Osterweis Capital Management bought 8,964 Micron shares worth approximately $10.3 million in the second quarter. Institutional investors collectively own 80.84% of the company’s stock.
• Micron reported significantly better-than-expected quarterly results, with EPS of $25.11 and revenue of $41.46 billion, while strong AI-related memory demand and production of high-bandwidth memory remain key growth catalysts.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and average price target of $1,295.63, though competition, potential future oversupply and labor risks remain concerns.

Osterweis Capital Management Inc. purchased a new position in Micron Technology, Inc. (NASDAQ:MU - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,964 shares of the semiconductor manufacturer's stock, valued at approximately $10,347,000.

A number of other institutional investors have also bought and sold shares of the business. Nicholas Investment Partners LP bought a new stake in Micron Technology during the second quarter valued at about $7,920,000. Trybe Capital Management LP bought a new position in shares of Micron Technology in the second quarter worth about $134,312,000. White Knight Strategic Wealth Advisors LLC purchased a new stake in shares of Micron Technology during the second quarter worth about $758,000. Legal & General Group Plc purchased a new stake in shares of Micron Technology during the second quarter worth about $8,402,393,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Micron Technology during the 2nd quarter valued at approximately $1,107,638,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

More Micron Technology News

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

• Positive Sentiment: AI memory demand remains the key catalyst. Micron is reportedly increasing production capacity for more profitable, high-demand memory products used in AI servers, including high-bandwidth memory (HBM). Investors see sustained hyperscaler spending as supporting pricing, revenue and margins. Micron is doubling down on AI memory chips
• Positive Sentiment: Memory stocks led the market. Micron and other memory-related companies benefited from renewed enthusiasm for AI infrastructure, the release of a new OpenAI model and expectations that the NAND pricing cycle may be strengthening. Memory and AI-related stocks lead the market
• Positive Sentiment: Analyst upside forecasts added support. Lynx Equity Strategies said volatility has normalized and maintained an aggressive price target of $1,325 for MU, implying substantial potential upside from recent levels. Lynx Equity sees Micron and SanDisk breakout
• Positive Sentiment: Recent operating results provide fundamental support. Micron’s latest reported quarter significantly exceeded earnings and revenue expectations, with revenue up sharply year over year. The company also issued strong fourth-quarter guidance, reinforcing the view that AI-related memory shortages are translating into exceptional profitability.
• Neutral Sentiment: Long-term customer agreements may reduce—but not eliminate—cyclicality. Reports highlight 16 strategic agreements extending through 2030, some with price floors or bands. These contracts could improve earnings visibility, although investors remain concerned that new industry capacity could eventually pressure pricing. Micron’s contracts reveal the next AI bottleneck
• Negative Sentiment: Competition and execution risks remain. Chinese chipmaker CXMT is gaining DRAM market share, while planned capacity investments by Asian producers could eventually create oversupply. Micron also faces potential labor disruption in Taiwan after unions sought substantially higher compensation, creating a risk to costs and supply continuity. Chinese chipmaker CXMT gains DRAM share

Micron Technology Price Performance

Shares of Micron Technology stock opened at $1,016.59 on Friday. The firm has a market cap of $1.15 trillion, a PE ratio of 23.02, a PEG ratio of 0.61 and a beta of 2.22. The stock has a 50 day moving average of $935.15 and a 200 day moving average of $734.51. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 12 month low of $125.66 and a 12 month high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data 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. 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 quarter in the previous year, the company posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Announces Dividend

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 $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 payout ratio is currently 1.36%.

Insider Activity at Micron Technology

In other news, EVP Sumit Sadana sold 15,000 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the sale, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Scott R. Allen sold 879 shares of the business's stock in a transaction dated 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 approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 177,204 shares of company stock valued at $182,156,264 over the last quarter. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on MU shares. The Goldman Sachs Group boosted their price target on Micron Technology from $900.00 to $1,100.00 and gave the stock a "neutral" rating in a report on Thursday, June 25th. BMO Capital Markets assumed coverage on shares of Micron Technology in a report on Friday, August 21st. They set an "outperform" rating and a $1,300.00 price objective for the company. Citigroup reduced their price objective on shares of Micron Technology from $1,400.00 to $1,150.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Seaport Research Partners reissued a "buy" rating on shares of Micron Technology in a report on Friday, August 14th. Finally, Bank of America upped their target price on shares of Micron Technology from $950.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Micron Technology has a consensus rating of "Buy" and an average target price of $1,295.63.

Micron Technology Company Profile

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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