Baird Financial Group Inc. Has $252.50 Million Stock Position in Micron Technology, Inc. $MU

Baird Financial Group Inc. cut its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 19.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 218,749 shares of the semiconductor manufacturer's stock after selling 54,266 shares during the quarter. Baird Financial Group Inc.'s holdings in Micron Technology were worth $252,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. bought a new position in Micron Technology in the 2nd quarter valued at approximately $752,000. One Charles Private Wealth Services LLC bought a new position in shares of Micron Technology in the second quarter valued at $246,000. XY Planning Network Inc. acquired a new position in shares of Micron Technology during the second quarter valued at about $683,000. Arizona State Retirement System grew its holdings in shares of Micron Technology by 1.5% during the second quarter. Arizona State Retirement System now owns 312,924 shares of the semiconductor manufacturer's stock valued at $361,205,000 after buying an additional 4,555 shares during the last quarter. Finally, Empirical Finance LLC increased its position in shares of Micron Technology by 3.4% during the second quarter. Empirical Finance LLC now owns 38,219 shares of the semiconductor manufacturer's stock worth $44,116,000 after acquiring an additional 1,249 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $924.03 on Tuesday. The company's fifty day moving average price is $928.22 and its 200-day moving average price is $760.84. The firm has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 20.92, a PEG ratio of 0.62 and a beta of 2.22. Micron Technology, Inc. has a one year low of $154.65 and a one 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.

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

Micron Technology Dividend Announcement

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

Insider Transactions at Micron Technology

In other news, Director Lynn Dugle sold 1,300 shares of the stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sumit Sadana sold 15,000 shares of the firm's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% 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 177,204 shares of company stock worth $182,156,264. Company 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: 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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MU shares. Barclays lifted their target price on Micron Technology from $1,175.00 to $2,000.00 and gave the company an "overweight" rating in a research report on Thursday, June 25th. New Street Research raised Micron Technology from a "neutral" rating to a "buy" rating and set a $1,250.00 price target for the company in a research report on Friday, August 14th. KeyCorp restated an "overweight" rating on shares of Micron Technology in a research note on Monday, July 20th. TD Cowen reaffirmed a "buy" rating on shares of Micron Technology in a report on Friday, July 10th. Finally, Bank of America upped their target price 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 analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Micron Technology presently has an average rating of "Buy" and a consensus price target of $1,295.63.

About Micron Technology

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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