Alyeska Investment Group L.P. Sells 1,973,774 Shares of Micron Technology, Inc. $MU

Alyeska Investment Group L.P. decreased its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 98.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,957 shares of the semiconductor manufacturer's stock after selling 1,973,774 shares during the quarter. Alyeska Investment Group L.P.'s holdings in Micron Technology were worth $29,962,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MU. Andar Capital Management HK Ltd lifted its holdings in Micron Technology by 856,960.3% in 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 during the period. Norges Bank purchased a new position in shares of Micron Technology during the fourth quarter valued at approximately $6,433,456,000. Primecap Management Co. CA bought a new position in shares of Micron Technology during the second quarter valued at approximately $22,182,263,000. Legal & General Group Plc bought a new position in shares of Micron Technology during the second quarter valued at approximately $8,402,393,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Micron Technology during the second quarter valued at approximately $3,761,237,000. 80.84% of the stock is owned by institutional investors.

Insider Activity at Micron Technology

In related news, EVP April Arnzen sold 40,000 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the transaction, the executive vice president directly owned 85,737 shares in the company, valued at $92,933,763.78. The trade was a 31.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynn Dugle sold 1,300 shares of the company'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 value of $1,495,559.00. Following the completion of the transaction, the director directly owned 17,728 shares in the company, valued at $20,394,823.04. This trade represents a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 177,204 shares of company stock valued at $182,156,264 over the last ninety days. Corporate insiders own 0.24% of the company's stock.

Micron Technology News Roundup

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

• Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data
• Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk
• Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom
• Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000
• Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now
• Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat

Micron Technology Stock Performance

Micron Technology stock opened at $1,000.26 on Wednesday. Micron Technology, Inc. has a twelve month low of $131.56 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 market capitalization of $1.13 trillion, a P/E ratio of 22.65, a PEG ratio of 0.64 and a beta of 2.22. The stock's 50 day moving average is $929.50 and its 200 day moving average is $745.20.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data 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 return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $41.46 billion during the quarter, compared to analysts' expectations of $35.91 billion. During the same quarter in the previous year, the business earned $1.91 earnings per share. The firm's quarterly revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities research analysts predict that Micron Technology, Inc. will post 72.93 earnings per share 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 given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology's dividend payout ratio is 1.36%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MU. Stifel Nicolaus lifted their price target on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a "buy" rating in a report on Thursday, June 18th. ThinkEquity reaffirmed a "buy" rating on shares of Micron Technology in a research note on Monday, August 3rd. Wells Fargo & Company boosted their price target on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the company an "overweight" rating in a research report on Thursday, June 25th. New Street Research raised shares of 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. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $1,295.63.

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.

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