Archford Capital Strategies LLC Trims Holdings in Micron Technology, Inc. $MU

Key Points

• Archford Capital Strategies reduced its Micron stake by 17% in the second quarter, selling 2,217 shares and retaining 10,837 shares worth approximately $12.5 million. Institutional investors collectively own 80.84% of Micron.
• Micron reported strong quarterly results, with $25.11 in earnings per share and $41.46 billion in revenue, while revenue surged 345.8% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $1,295.63.
• The outlook is supported by robust AI-driven memory demand and new high-density data-center products, but risks include potential reductions in AI spending and ongoing labor tensions at Micron’s Taiwan operations.

Archford Capital Strategies LLC decreased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 17.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,837 shares of the semiconductor manufacturer's stock after selling 2,217 shares during the period. Micron Technology accounts for about 1.3% of Archford Capital Strategies LLC's holdings, making the stock its 15th largest holding. Archford Capital Strategies LLC's holdings in Micron Technology were worth $12,509,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. High Note Wealth LLC raised its holdings in Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after acquiring an additional 34 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Micron Technology during the 1st quarter valued at about $27,000. Bayban bought a new stake in shares of Micron Technology in the fourth quarter worth approximately $29,000. Financial Life Planners bought a new stake in shares of Micron Technology in the first quarter worth approximately $36,000. Finally, Portus Wealth Advisors LLC purchased a new position in shares of Micron Technology during the first quarter valued at approximately $37,000. Institutional investors own 80.84% of the company's stock.

Micron Technology News Roundup

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

• Positive Sentiment: Micron demonstrated what it describes as the world’s first 512GB DDR5 RDIMM across multiple server platforms. The module reaches speeds of up to 9,200 MT/s and uses more than 60% less operating power than four 128GB modules, strengthening Micron’s position in data-center memory and AI infrastructure. Micron ultra-dense memory module announcement
• Positive Sentiment: Strong AI-related memory demand remains the core bullish argument. Analysts and industry commentary point to tight DRAM supply, high-bandwidth memory demand, planned capacity expansion and potentially extended shortages, supporting Micron’s revenue and pricing outlook. Micron AI memory cycle analysis
• Positive Sentiment: Micron appointed semiconductor veteran Deirdre Hanford to lead Micron Research Labs. The facility is backed by a planned $10 billion, decade-long investment focused on memory, compute architectures, advanced packaging and manufacturing, potentially supporting longer-term technology leadership. Micron Research Labs leadership announcement
• Neutral Sentiment: Commentary remains bullish, with some analysts and Jim Cramer supporting substantially higher price targets. However, these opinions are not new company guidance and depend on continued AI spending, strong memory pricing and successful execution. Jim Cramer Micron thesis
• Negative Sentiment: A Taiwan union representing Micron workers is keeping strike preparations alive while demanding a permanent profit-sharing arrangement. A labor disruption at a major manufacturing hub could create production delays, higher costs or additional uncertainty during a supply-constrained period. Reuters report on Micron Taiwan labor dispute
• Negative Sentiment: Recent warnings from AI leaders calling for slower development triggered a broader technology selloff and renewed questions about future hyperscaler spending. Although infrastructure demand may remain intact, any reduction in AI capital expenditures would threaten Micron’s high-growth memory outlook and elevated valuation. AI concerns affecting semiconductor stocks

Wall Street Analyst Weigh In

MU has been the topic of several research reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $1,500.00 target price on shares of Micron Technology in a research report on Thursday, June 25th. Zacks Research lowered shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 19th. DA Davidson upped their target price on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the company a "buy" rating in a report on Thursday, June 25th. Bank of America increased their price target 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. Finally, Needham & Company LLC lifted their price target on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a "buy" rating in a research note on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Micron Technology has a consensus rating of "Buy" and a consensus target price of $1,295.63.

Micron Technology Trading Up 0.4%

Shares of MU opened at $927.60 on Wednesday. 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, Inc. has a 1 year low of $154.65 and a 1 year high of $1,255.00. The company has a 50 day simple moving average of $928.01 and a two-hundred day simple moving average of $764.35. The firm has a market cap of $1.05 trillion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 0.58 and a beta of 2.22.

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

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the business's stock in a transaction that occurred on 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 sale, 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. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP April S. Arnzen sold 40,000 shares of the company'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 sale, the executive vice president owned 85,737 shares in the company, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 177,204 shares of company stock worth $182,156,264. Insiders own 0.24% of the company's stock.

Micron Technology Company 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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