BayBridge Capital Group LLC Sells 1,122 Shares of Micron Technology, Inc. $MU

Key Points

• BayBridge Capital Group reduced its Micron stake by 56.8% in the second quarter, selling 1,122 shares and retaining 853 shares valued at approximately $985,000. Institutional investors collectively own 80.84% of Micron’s stock.
• Analysts remain broadly bullish: 35 analysts rate Micron Buy or Strong Buy, versus three Holds, producing a consensus Buy rating and average price target of $1,295.63.
• Micron reported quarterly EPS of $25.11 and revenue of $41.46 billion, both above estimates, while revenue surged 345.8% year over year. However, insider selling and concerns about slower AI spending, competition, and potential changes in memory demand pose risks.

BayBridge Capital Group LLC cut its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 56.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 853 shares of the semiconductor manufacturer's stock after selling 1,122 shares during the quarter. BayBridge Capital Group LLC's holdings in Micron Technology were worth $985,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MU. Arizona State Retirement System grew its holdings in Micron Technology by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 312,924 shares of the semiconductor manufacturer's stock worth $361,205,000 after acquiring an additional 4,555 shares during the last quarter. Empirical Finance LLC raised its stake 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 valued at $44,116,000 after acquiring an additional 1,249 shares during the last quarter. Nykredit A S bought a new position in shares of Micron Technology during the second quarter valued at $350,886,000. Parkside Financial Bank & Trust lifted 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 worth $4,520,000 after purchasing an additional 262 shares during the period. Finally, MLG Wealth Management DBA Pine Grove Financial Group acquired a new position in shares of Micron Technology during the second quarter worth $806,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MU. Seaport Research Partners reissued a "buy" rating on shares of Micron Technology in a research note on Friday, August 14th. UBS Group reaffirmed a "buy" rating on shares of Micron Technology in a report on Monday, August 10th. Weiss Ratings reiterated a "buy (b)" rating on shares of Micron Technology in a research report on Friday, August 7th. Wedbush upped their price target on Micron Technology from $1,300.00 to $1,400.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. Finally, Wells Fargo & Company increased their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the company an "overweight" rating in a research note on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $1,295.63.

Insider Buying and Selling

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm'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 directly owned 264,503 shares of the company's stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 177,204 shares of company stock worth $182,156,264 over the last three months. 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

Micron Technology Trading Down 5.3%

MU opened at $924.03 on Tuesday. Micron Technology, Inc. has a twelve month low of $154.65 and a twelve month high of $1,255.00. The company has a fifty day moving average of $928.22 and a 200-day moving average of $760.84. 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 company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MU - Get Free Report) last released its 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. The business had revenue of $41.46 billion for 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%. Micron Technology's revenue for the quarter was up 345.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, sell-side analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were given 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 dividend payout ratio (DPR) is 1.36%.

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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