Acropolis Investment Management LLC Sells 1,136 Shares of Micron Technology, Inc. $MU

Key Points

• Acropolis Investment Management reduced its Micron stake by 22.5%, selling 1,136 shares and retaining 3,924 shares worth approximately $4.53 million. Institutional investors still own 80.84% of Micron’s outstanding stock.
• Micron reported much stronger-than-expected quarterly results, with $41.46 billion in revenue and $25.11 in EPS, while revenue surged 345.8% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $1,259.97.
• AI-related demand for high-bandwidth memory and potentially favorable U.S. policy are supporting Micron’s outlook, but the stock faces risks from its sharp rally, profit-taking, rising memory supply and potential competition from Intel.

Acropolis Investment Management LLC reduced its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 22.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,924 shares of the semiconductor manufacturer's stock after selling 1,136 shares during the period. Micron Technology makes up about 0.2% of Acropolis Investment Management LLC's investment portfolio, making the stock its 29th biggest position. Acropolis Investment Management LLC's holdings in Micron Technology were worth $4,529,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MU. Norges Bank acquired a new position in shares of Micron Technology in the 4th quarter valued at $6,433,456,000. AQR Capital Management LLC grew its stake in shares of Micron Technology by 411.9% during the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer's stock worth $606,873,000 after purchasing an additional 2,918,535 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Micron Technology by 1,340.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer's stock worth $805,148,000 after purchasing an additional 2,625,169 shares during the period. Amundi increased its holdings in Micron Technology by 65.0% in the fourth quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer's stock valued at $1,424,025,000 after purchasing an additional 1,965,319 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock valued at $30,427,016,000 after purchasing an additional 1,954,644 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MU shares. Morgan Stanley raised their target price on Micron Technology from $1,050.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Thursday, June 25th. ThinkEquity reaffirmed a "buy" rating on shares of Micron Technology in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, June 25th. Finally, Seaport Research Partners restated a "buy" rating on shares of Micron Technology in a report on Friday. Four analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $1,259.97.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president owned 85,737 shares of the company's stock, valued at $92,933,763.78. This represents a 31.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 37,439 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the transaction, the chief executive officer directly owned 387,064 shares of the company's stock, valued at $371,728,524.32. This represents a 8.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 162,179 shares of company stock worth $167,811,861. Insiders own 0.24% of the company's stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: AI-driven memory shortage: Demand for high-bandwidth memory (HBM) used in AI data centers continues to absorb manufacturing capacity. HBM requires substantially more wafer capacity than conventional DRAM, supporting tight supply, higher pricing and stronger margins for Micron. Industry growth targets and fully allocated HBM production suggest the shortage could persist. Why This Memory Chip Boom May Have More Staying Power Than History Suggests
• Positive Sentiment: U.S. policy reduces Chinese competition: Reports that the White House is discouraging U.S. technology companies from sourcing conventional memory chips from Chinese suppliers, including Apple’s potential suppliers, improved sentiment toward Micron and other Western memory producers. The policy could strengthen Micron’s negotiating position and support longer-term domestic demand. Micron Shares Rise as White House Pushes Apple Away From Chinese Memory Chips
• Positive Sentiment: Upbeat analyst outlook: Bank of America maintained a Buy rating and a $1,550 price target, arguing that concerns about a cyclical peak are overstated. The firm projects Micron’s earnings could exceed $230 per share by fiscal 2030, while recent quarterly results showed $41.46 billion in revenue and $25.11 in EPS, both well ahead of estimates. BofA Sees Micron EPS Topping $230 by FY30
• Positive Sentiment: Broader AI enthusiasm: Comments from Elon Musk emphasizing the importance of memory and storage for agentic AI helped lift Micron alongside SanDisk and other memory stocks. Comparisons with AMD and NVIDIA also highlighted Micron’s rapid earnings growth and relatively lower valuation. Elon Musk Just Uttered Massively Bullish Words for Micron
• Neutral Sentiment: Institutional profit-taking: Appaloosa Management reduced its Micron position by 41%, while Stanley Druckenmiller’s Duquesne Family Office exited the stock. The selling may reflect profit-taking after the enormous rally, although Micron remains a major holding for some investors. Hedge Fund Heavyweights Are Dumping Micron
• Negative Sentiment: Risks remain elevated: Micron’s sharp advance leaves the stock vulnerable to valuation compression, profit-taking, a broader technology pullback and any eventual increase in memory supply. Intel is also exploring new memory architectures, potentially creating a longer-term competitive threat. Intel Eyes a Memory Comeback

Micron Technology Stock Performance

MU opened at $1,011.75 on Tuesday. The company has a market capitalization of $1.14 trillion, a price-to-earnings ratio of 22.91 and a beta of 2.19. The business's 50-day moving average price is $966.74 and its two-hundred day moving average price is $683.34. Micron Technology, Inc. has a 1 year low of $113.46 and a 1 year high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. The company had revenue of $41.46 billion during the quarter, compared to analysts' expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology's revenue for the quarter was up 345.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

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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