B & T Capital Management DBA Alpha Capital Management Trims Position in Micron Technology, Inc. $MU

Key Points

• Alpha Capital Management cut its Micron position by 45.1% in the second quarter, selling 1,637 shares and retaining 1,994 shares valued at approximately $2.3 million. Institutional investors still own about 80.84% of Micron’s stock.
• Micron reported strong quarterly results, earning $25.11 per share versus the $21.39 consensus estimate and generating $41.46 billion in revenue, up 345.8% year over year. Analysts remain bullish, with an average “Buy” rating and a $1,295.63 price target.
• AI-driven HBM demand and improving memory prices support Micron’s outlook, but investors face risks from potential future oversupply, peak earnings concerns and growing Chinese memory-chip competition. Insider selling, including 40,000 shares sold by CEO Sanjay Mehrotra, is another notable development.

B & T Capital Management DBA Alpha Capital Management lowered its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 45.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,994 shares of the semiconductor manufacturer's stock after selling 1,637 shares during the quarter. B & T Capital Management DBA Alpha Capital Management's holdings in Micron Technology were worth $2,302,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Heritage Trust Co lifted its stake in shares of Micron Technology by 9.7% in the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer's stock valued at $4,289,000 after purchasing an additional 1,323 shares in the last quarter. Castleark Management LLC acquired a new stake in Micron Technology during the 1st quarter worth approximately $3,709,000. Oppenheimer & Co. Inc. raised its holdings in Micron Technology by 16.0% in the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer's stock valued at $56,006,000 after buying an additional 6,702 shares during the period. Legacy Wealth Management LLC MS raised its holdings in Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer's stock valued at $4,091,000 after buying an additional 1,499 shares during the period. Finally, Financial Synergies Wealth Advisors Inc. acquired a new position in Micron Technology during the fourth quarter valued at approximately $1,316,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Down 1.6%

MU stock opened at $1,000.26 on Wednesday. Micron Technology, Inc. has a twelve month low of $131.56 and a twelve month high of $1,255.00. 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 company has a market capitalization of $1.13 trillion, a P/E ratio of 22.65, a PEG ratio of 0.64 and a beta of 2.22. The firm has a 50 day simple moving average of $929.50 and a 200-day simple moving average of $745.20.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results 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. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm had revenue of $41.46 billion for the quarter, compared to analysts' expectations of $35.91 billion. During the same period in the prior year, the company posted $1.91 earnings per share. The firm'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, equities research analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MU shares. New Street Research upgraded shares of Micron Technology from a "neutral" rating to a "buy" rating and set a $1,250.00 price objective for the company in a research note on Friday, August 14th. Erste Group Bank upgraded shares of Micron Technology from a "hold" rating to a "buy" rating in a report on Thursday, June 25th. Wells Fargo & Company upped their price target on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the stock an "overweight" rating in a research report on Thursday, June 25th. Wolfe Research set a $1,500.00 price target on Micron Technology in a report on Thursday, June 25th. Finally, Sanford C. Bernstein set a $1,300.00 price objective on Micron Technology in a research report on Monday, June 22nd. Four analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $1,295.63.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Scott R. Allen sold 879 shares of the 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 value of $879,000.00. Following the transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 177,204 shares of company stock valued at $182,156,264. Corporate insiders own 0.24% of the company's stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data
• Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk
• Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom
• Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000
• Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now
• Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat

Micron Technology 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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