Ayrshire Capital Management LLC acquired a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,257 shares of the semiconductor manufacturer's stock, valued at approximately $2,605,000. Micron Technology makes up about 1.2% of Ayrshire Capital Management LLC's holdings, making the stock its 29th largest holding.
A number of other hedge funds have also added to or reduced their stakes in the stock. Heritage Trust Co grew its stake in Micron Technology by 9.7% in the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer's stock worth $4,289,000 after buying an additional 1,323 shares in the last quarter. Castleark Management LLC purchased a new position in shares of Micron Technology in the 1st quarter worth about $3,709,000. Legacy Wealth Management LLC MS increased its position in shares of Micron Technology by 73.3% during the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer's stock valued at $4,091,000 after purchasing an additional 1,499 shares during the last quarter. Financial Synergies Wealth Advisors Inc. bought a new position in shares of Micron Technology during the 4th quarter valued at about $1,316,000. Finally, PKO BP BANKOWY Universal Pension Society JSC purchased a new position in shares of Micron Technology during the 4th quarter valued at about $61,306,000. Institutional investors and hedge funds own 80.84% of the company's stock.
Key Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: New Street upgraded Micron to “Buy” from “Neutral” and set a $1,250 price target, citing the possibility that AI is making memory demand less cyclical. The firm projects a potential $2 trillion-$3 trillion valuation for Micron by the end of the decade. Micron Upgraded to Buy on the Claim Memory Stopped Being Cyclical
- Positive Sentiment: DRAM and NAND prices are tightening again, potentially increasing the earnings impact of Micron’s rapidly expanding data-center business. Analysts are continuing to raise revenue estimates and price targets as AI infrastructure spending supports demand for high-bandwidth memory and storage. Micron Stock Jumps as Memory Pricing Tightens Again
- Positive Sentiment: Micron launched a $250 million Micron Ventures Paradigm Fund to invest across the AI technology stack, including model development, computing infrastructure, enterprise applications and physical AI. The initiative could strengthen partnerships and give Micron earlier insight into future memory and storage requirements. Micron Ventures Launches $250 Million Fund
- Neutral Sentiment: Broader semiconductor strength, record U.S. equity benchmarks and easing rate-hike expectations are supporting risk appetite for memory stocks. Technical analysts also identify approximately $1,012 as an important near-term resistance level. Micron Price Forecast
- Negative Sentiment: Risks remain from rising Chinese competition and execution timing. YMTC has surpassed Micron in NAND shipments, while Micron’s new $9.3 billion fabrication plant is not expected to produce chips until 2028. Michael Burry has also increased bearish positions involving Micron, underscoring concerns about valuation, supply growth and a possible return of memory-cycle volatility.
Insider Buying and Selling at Micron Technology
In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the company's stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the sale, the chief accounting officer directly owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 37,439 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $960.38, for a total value of $35,955,666.82. Following the completion of the transaction, the chief executive officer owned 387,064 shares of the company's stock, valued at $371,728,524.32. The trade was a 8.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 162,179 shares of company stock worth $167,811,861. 0.24% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several analysts have issued reports on MU shares. Wolfe Research set a $1,500.00 target price on Micron Technology in a research note on Thursday, June 25th. Erste Group Bank raised Micron Technology from a "hold" rating to a "buy" rating in a research report on Thursday, June 25th. Seaport Research Partners reiterated a "buy" rating on shares of Micron Technology in a research note on Friday. Rosenblatt Securities lifted their price target on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the stock a "buy" rating in a research note on Thursday, June 25th. Finally, Bank of America increased their price objective on shares of Micron Technology from $950.00 to $1,500.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Micron Technology has a consensus rating of "Buy" and a consensus price target of $1,259.97.
View Our Latest Report on Micron Technology
Micron Technology Trading Up 2.3%
Shares of NASDAQ MU opened at $971.66 on Friday. Micron Technology, Inc. has a twelve month low of $113.46 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 business has a fifty day simple moving average of $965.49 and a two-hundred day simple moving average of $677.08. The firm has a market cap of $1.10 trillion, a PE ratio of 22.00 and a beta of 2.18.
Micron Technology (NASDAQ:MU - Get Free Report) last issued 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 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%. The firm's quarterly revenue was up 345.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Analysts expect that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.
Micron Technology Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology's dividend payout ratio is 1.36%.
About Micron Technology
(
Free Report)
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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