Assenagon Asset Management S.A. Boosts Stake in Micron Technology, Inc. $MU

Key Points

• Assenagon Asset Management increased its Micron stake by 289.5% in the second quarter, purchasing 128,075 additional shares and bringing its holdings to 172,319 shares valued at approximately $198.9 million. Institutional investors collectively own 80.84% of Micron.
• Micron reported quarterly EPS of $25.11 and revenue of $41.46 billion, exceeding analyst expectations, while revenue surged 345.8% year over year. The company issued fourth-quarter EPS guidance of $30.00–$32.00.
• Analysts remain broadly bullish, with an overall “Buy” rating and a consensus price target of $1,268.93; the company also declared a quarterly dividend of $0.15 per share.

Assenagon Asset Management S.A. lifted its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 289.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 172,319 shares of the semiconductor manufacturer's stock after purchasing an additional 128,075 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Micron Technology were worth $198,906,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. High Note Wealth LLC lifted its stake in Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock valued at $25,000 after buying an additional 34 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Micron Technology during the first quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. grew its position in shares of Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 96 shares during the last quarter. Bayban acquired a new position in shares of Micron Technology in the 4th quarter valued at $29,000. Finally, GHP Investment Advisors Inc. increased its holdings in shares of Micron Technology by 91.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer's stock valued at $31,000 after acquiring an additional 52 shares during the period. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $881.47 on Friday. The stock has a fifty day moving average price of $976.89 and a 200 day moving average price of $657.02. Micron Technology, Inc. has a 1-year low of $110.79 and a 1-year high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The company has a market cap of $995.52 billion, a PE ratio of 19.96 and a beta of 2.18.

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 the consensus estimate of $21.39 by $3.72. The company had revenue of $41.46 billion for the quarter, compared to analysts' expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. Micron Technology's revenue was up 345.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a $0.15 dividend. 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 payout ratio is presently 1.36%.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron remains a favored growth stock because its fiscal third-quarter results were well above expectations, with $41.5 billion in revenue, $25.11 in adjusted EPS and revenue growth of more than 345% year over year. The company also issued strong fourth-quarter guidance. Micron & 2 Profitable Stocks Smart Investors Are Buying in August
• Positive Sentiment: AI infrastructure demand continues to support Micron’s high-bandwidth memory business. Industry commentary indicates that memory demand may exceed global supply for several years, while Micron’s 2026 HBM output is reportedly sold out and customer agreements provide additional revenue visibility. How SpaceX’s Earnings Call Turned Bullish for Memory Stocks
• Positive Sentiment: Several analysts and financial publications view MU as attractively valued after its pullback, with reported price targets materially above the current trading level. Record cash flow could also support share repurchases across the memory industry. Micron Is an Incredible Bargain Below $1,000

Analysts Set New Price Targets

A number of analysts recently weighed in on MU shares. Wedbush increased their price target on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a research note on Thursday, June 25th. Needham & Company LLC lifted their price objective on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the company a "buy" rating in a research note on Thursday, June 25th. Stifel Nicolaus upped their target price 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. Royal Bank Of Canada increased their target price on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the stock an "outperform" rating in a research note on Thursday, June 25th. Finally, Sanford C. Bernstein set a $1,300.00 price target on Micron Technology in a report on Monday, June 22nd. 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $1,268.93.

Insider Buying and Selling at Micron Technology

In related news, CEO Sanjay Mehrotra sold 37,439 shares of the firm's stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $960.38, for a total value of $35,955,666.82. Following the completion of the sale, the chief executive officer owned 387,064 shares in the company, valued at $371,728,524.32. This trade represents a 8.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology 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 sale, the executive vice president directly owned 85,737 shares in the company, valued at $92,933,763.78. This represents a 31.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 164,179 shares of company stock valued at $169,385,921. Insiders own 0.24% of the company's stock.

Micron Technology 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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