Archford Capital Strategies LLC Sells 2,217 Shares of Micron Technology, Inc. $MU

Key Points

• Archford Capital Strategies reduced its Micron stake by 17%, selling 2,217 shares during the second quarter and retaining 10,837 shares valued at approximately $12.5 million. Institutional investors collectively own 80.84% of Micron.
• Micron reported a strong quarter, with revenue of $41.46 billion and EPS of $25.11, significantly exceeding analyst expectations; revenue surged 345.8% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $1,259.97.
• AI-driven demand for high-bandwidth memory, server DRAM and data-center storage supports Micron’s growth outlook, but investors remain cautious about memory cyclicality, elevated valuation, rising yields and recent insider selling.

Archford Capital Strategies LLC trimmed its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 17.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,837 shares of the semiconductor manufacturer's stock after selling 2,217 shares during the quarter. Micron Technology accounts for 1.3% of Archford Capital Strategies LLC's portfolio, making the stock its 19th biggest holding. Archford Capital Strategies LLC's holdings in Micron Technology were worth $12,509,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Cypress Capital LLC bought a new stake in shares of Micron Technology during the second quarter valued at approximately $290,000. Manchester Financial Inc. bought a new stake in shares of Micron Technology in the 2nd quarter worth $221,000. Rezny Wealth Management Inc. increased its holdings in shares of Micron Technology by 3.3% in the 2nd quarter. Rezny Wealth Management Inc. now owns 5,741 shares of the semiconductor manufacturer's stock worth $6,627,000 after purchasing an additional 183 shares in the last quarter. Benchmark Financial Wealth Advisors LLC purchased a new position in shares of Micron Technology in the second quarter worth $396,000. Finally, Cidel Asset Management Inc. boosted its position in shares of Micron Technology by 4.0% during the second quarter. Cidel Asset Management Inc. now owns 20,468 shares of the semiconductor manufacturer's stock valued at $23,626,000 after buying an additional 778 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Key Micron Technology News

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

• Positive Sentiment: Micron is benefiting from accelerating artificial-intelligence demand for high-bandwidth memory (HBM), server DRAM and data-center storage. The expansion of agentic AI workloads could broaden the company’s memory opportunity and support long-term growth. Will Agentic AI Adoption Expand Micron’s Memory Growth Opportunity?
• Positive Sentiment: Micron continues to gain NAND market share, while its SSD business surpassed $5 billion in quarterly revenue and NAND revenue reportedly grew sharply year over year. Long-term customer agreements also provide visibility into demand through 2028. Micron Stock Is Under Pressure but the Market Is Missing the Good News
• Positive Sentiment: SK Hynix’s authorization of an approximately $28.6 billion share-repurchase and cancellation program is lifting sentiment across the memory sector. The move signals management confidence in AI-memory demand and helped Micron rebound earlier in the session. SK Hynix Rises on Buyback as Memory Names Rebound
• Positive Sentiment: Analysts remain constructive: Bank of America reiterated a Buy rating and a $1,550 price target, while other commentary highlights Micron’s comparatively low forward valuation despite its AI-driven earnings growth. Analyst Issues New Micron Stock Price Target
• Neutral Sentiment: Micron’s latest reported quarter substantially exceeded expectations, with revenue of $41.46 billion versus a $35.91 billion consensus estimate and EPS of $25.11 versus $21.39 expected. However, investors are now focusing more on the durability of these unusually strong results than on the earnings beat itself.
• Negative Sentiment: Rising Treasury yields and concerns about higher financing costs for AI infrastructure are pressuring high-growth semiconductor stocks. The weakness has spread across global memory names and reflects profit-taking after Micron’s substantial year-to-date rally. AI Chip Stocks Pull Back as Yields Rise
• Negative Sentiment: Some investors question whether HBM pricing and demand can remain elevated as memory remains a cyclical industry. Concerns about aggressive semiconductor capacity expansion, concentrated hyperscaler spending and Micron trading well above estimated intrinsic value are adding valuation risk. Micron Trades Above GF Value as Semiconductor Selloff Deepens

Insiders Place Their Bets

In related news, CEO Sanjay Mehrotra sold 37,439 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer owned 387,064 shares in the company, valued at approximately $371,728,524.32. This trade represents a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the firm's stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the transaction, the chief accounting officer directly owned 34,958 shares of the company's stock, valued at $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 162,179 shares of company stock worth $167,811,861. 0.24% of the stock is currently owned by insiders.

Micron Technology Stock Down 0.4%

Shares of MU stock opened at $937.10 on Thursday. 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 $113.46 and a 12 month high of $1,255.00. The stock has a market cap of $1.06 trillion, a P/E ratio of 21.22 and a beta of 2.18. The company has a 50 day simple moving average of $967.75 and a two-hundred day simple moving average of $690.43.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping 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 prior year, the business posted $1.91 earnings per share. The business's quarterly revenue was up 345.8% on a year-over-year basis. 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 earnings per share for the current year.

Micron Technology Announces Dividend

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

Analyst Upgrades and Downgrades

MU has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their target price on Micron Technology from $900.00 to $1,100.00 and gave the stock a "neutral" rating in a research report on Thursday, June 25th. Stifel Nicolaus raised 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. UBS Group reiterated a "buy" rating on shares of Micron Technology in a research note on Monday, August 10th. Susquehanna boosted their price objective on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the company a "positive" rating in a report on Thursday, June 25th. Finally, Melius Research started coverage on shares of Micron Technology in a research report on Monday, April 27th. They set a "buy" rating and a $700.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $1,259.97.

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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