Arizona State Retirement System Buys 4,555 Shares of Micron Technology, Inc. $MU

Key Points

• Arizona State Retirement System increased its Micron stake by 1.5%, purchasing 4,555 additional shares to own 312,924 shares valued at approximately $361.2 million. Micron represents 1.8% of the retirement system’s portfolio, while institutional investors and hedge funds own 80.84% of the stock.
• Micron reported strong quarterly results, with EPS of $25.11 versus the $21.39 consensus and revenue of $41.46 billion, up 345.8% year over year. Its long-term outlook is supported by tight DRAM supply and HBM demand, though concerns about slower AI spending, competing memory suppliers, and potentially reduced memory needs remain risks.
• Analysts maintain a favorable view, with a consensus “Buy” rating and an average price target of $1,295.63. However, company insiders sold 177,204 shares worth $182.2 million over the past 90 days, and the stock has recently faced pressure alongside other AI-related semiconductor companies.

Arizona State Retirement System lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,924 shares of the semiconductor manufacturer's stock after purchasing an additional 4,555 shares during the quarter. Micron Technology comprises 1.8% of Arizona State Retirement System's investment portfolio, making the stock its 8th biggest holding. Arizona State Retirement System's holdings in Micron Technology were worth $361,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Empirical Finance LLC increased its position in Micron Technology by 3.4% in the 2nd quarter. Empirical Finance LLC now owns 38,219 shares of the semiconductor manufacturer's stock valued at $44,116,000 after buying an additional 1,249 shares in the last quarter. Nykredit A S acquired a new stake in Micron Technology in the second quarter valued at approximately $350,886,000. Parkside Financial Bank & Trust increased its holdings in shares of Micron Technology by 7.2% during the second quarter. Parkside Financial Bank & Trust now owns 3,916 shares of the semiconductor manufacturer's stock valued at $4,520,000 after acquiring an additional 262 shares in the last quarter. MLG Wealth Management DBA Pine Grove Financial Group acquired a new position in shares of Micron Technology during the second quarter worth approximately $806,000. Finally, Range Advisory LLC raised its position in shares of Micron Technology by 80.2% during the second quarter. Range Advisory LLC now owns 3,504 shares of the semiconductor manufacturer's stock worth $4,044,000 after purchasing an additional 1,559 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines 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 current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. 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. The stock's fifty day simple moving average is $928.22 and its two-hundred day simple moving average is $760.84. Micron Technology, Inc. has a 1-year low of $154.65 and a 1-year high of $1,255.00.

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

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In other Micron Technology news, EVP April Arnzen sold 40,000 shares of the stock in a transaction dated 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 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lynn Dugle sold 1,300 shares of Micron Technology stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the transaction, the director directly owned 17,728 shares in the company, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 177,204 shares of company stock worth $182,156,264 in the last ninety days. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. BMO Capital Markets began coverage on shares of Micron Technology in a research report on Friday, August 21st. They issued an "outperform" rating and a $1,300.00 price target for the company. Cantor Fitzgerald restated an "overweight" rating and set a $1,500.00 price objective on shares of Micron Technology in a 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 objective on the stock in a research note on Friday, August 14th. Weiss Ratings reiterated a "buy (b)" rating on shares of Micron Technology in a report on Friday, August 7th. Finally, Raymond James Financial boosted their target price on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $1,295.63.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.