Allworth Financial LP Trims Stock Position in Micron Technology, Inc. $MU

Key Points

• Allworth Financial LP cut its Micron Technology stake by 19% in the second quarter, selling 11,193 shares and retaining 47,578 shares valued at approximately $54.9 million. Institutional investors and hedge funds collectively own 80.84% of Micron’s stock.
• Micron reported quarterly EPS of $25.11 and revenue of $41.46 billion, surpassing analyst estimates, while revenue surged 345.8% year over year. Its long-term outlook is supported by tight DRAM supply, strong high-bandwidth memory demand and planned capacity expansion.
• Analysts maintain a broadly positive view, with a consensus “Buy” rating and an average price target of $1,295.63, but concerns include a potential slowdown in AI spending, competition in HBM and pressure from higher interest rates.

Allworth Financial LP reduced its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 19.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,578 shares of the semiconductor manufacturer's stock after selling 11,193 shares during the quarter. Allworth Financial LP's holdings in Micron Technology were worth $54,919,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. California State Teachers Retirement System boosted its holdings in shares of Micron Technology by 115,924.6% in the second quarter. California State Teachers Retirement System now owns 1,977,753,560 shares of the semiconductor manufacturer's stock valued at $2,282,901,157,000 after acquiring an additional 1,976,048,961 shares in the last quarter. Andar Capital Management HK Ltd raised its stake in shares of Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock worth $39,571,847,000 after buying an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA acquired a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $22,182,263,000. Bank of America Corp DE lifted its holdings in shares of Micron Technology by 26.6% in the 2nd quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer's stock valued at $11,744,621,000 after buying an additional 2,136,470 shares during the period. Finally, Legal & General Group Plc purchased a new stake in shares of Micron Technology in the second quarter valued at approximately $8,402,393,000. Institutional investors and hedge funds own 80.84% of the company's stock.

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 Price Performance

Shares of NASDAQ:MU opened at $924.03 on Tuesday. 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 business's fifty day moving average price is $928.22 and its two-hundred day moving average price is $760.84. The stock has a market cap of $1.04 trillion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 0.62 and a beta of 2.22. Micron Technology, Inc. has a one year low of $154.65 and a one year high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (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 business's revenue was up 345.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, analysts forecast that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Lynn A. Dugle sold 1,300 shares of the business's stock in a transaction on Tuesday, June 30th. The stock was 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 directly owned 17,728 shares in the company, valued at approximately $20,394,823.04. The trade was a 6.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 177,204 shares of company stock valued at $182,156,264. 0.24% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MU shares. Erste Group Bank upgraded Micron Technology from a "hold" rating to a "buy" rating in a research report on Thursday, June 25th. ThinkEquity restated a "buy" rating on shares of Micron Technology in a research report on Monday, August 3rd. Zacks Research cut shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 19th. Seaport Research Partners restated a "buy" rating on shares of Micron Technology in a research report on Friday, August 14th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $1,500.00 target price on shares of Micron Technology in a report on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $1,295.63.

About Micron Technology

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.

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