Benchmark Investment Advisors LLC Invests $11.59 Million in Micron Technology, Inc. $MU

Benchmark Investment Advisors LLC bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,037 shares of the semiconductor manufacturer's stock, valued at approximately $11,585,000. Micron Technology accounts for approximately 5.1% of Benchmark Investment Advisors LLC's holdings, making the stock its 3rd biggest position.

Several other large investors have also made changes to their positions in the company. M.E. Allison & CO. Inc. increased its stake in shares of Micron Technology by 0.8% in the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer's stock valued at $1,528,000 after buying an additional 11 shares in the last quarter. Cherrydale Wealth Management LLC grew its holdings in Micron Technology by 1.4% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer's stock worth $1,122,000 after acquiring an additional 13 shares during the last quarter. Bellevue Asset Management LLC increased its position in Micron Technology by 25.5% in the 2nd quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer's stock valued at $74,000 after acquiring an additional 13 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC increased its position in Micron Technology by 8.8% in the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer's stock valued at $186,000 after acquiring an additional 13 shares in the last quarter. Finally, Red Door Wealth Management LLC raised its stake in shares of Micron Technology by 0.7% in the second quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer's stock worth $2,209,000 after acquiring an additional 14 shares during the last quarter. Institutional investors own 80.84% of the company's stock.

Micron Technology News Summary

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

• Positive Sentiment: AI-related demand remains the primary catalyst. High-bandwidth memory (HBM) used with AI processors is in short supply, and Micron’s HBM4 capacity is reportedly sold out through 2026 under long-term customer agreements. Rising DRAM and NAND contract prices could further improve pricing power and margins. Can Micron Stock Break Out as DRAM and NAND Contract Rates Spike Over 50?
• Positive Sentiment: Industry analysts argue that AI infrastructure spending is consuming wafer capacity faster than new supply can be added, potentially extending the memory shortage through 2027. This supports bullish forecasts despite Micron’s substantial rally and recent pullback from its high. ETFs to Watch as Memory-Chip Scarcity Could Extend Through 2027
• Positive Sentiment: Netlist lost its patent-infringement appeal against Micron, reducing a potential legal overhang. Netlist Loses Patent Infringement Appeal Against Micron
• Neutral Sentiment: Appaloosa Management, led by David Tepper, reduced its Micron position by 41.4% in the second quarter while adding Taiwan Semiconductor shares for a sixth straight quarter. The filing gives no explanation, so the move may reflect portfolio allocation rather than a change in Micron’s fundamentals. David Tepper Cut Micron Position
• Negative Sentiment: Labor uncertainty remains a risk after unions representing much of Micron’s Taiwan workforce threatened a strike over bonuses and profit sharing. Reports that Micron may offer record bonuses could avert a walkout, but would increase costs. Micron Taiwan Unions Threaten Strike
• Negative Sentiment: China’s CXMT is advancing domestic HBM and LPDDR6 production, raising longer-term competition and geopolitical risks. Nvidia’s planned investment in additional supply and capacity also suggests today’s extreme memory pricing may eventually attract more industry supply.

Micron Technology Stock Up 2.4%

Shares of NASDAQ MU opened at $956.08 on Thursday. Micron Technology, Inc. has a 52-week low of $117.29 and a 52-week high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The stock has a market cap of $1.08 trillion, a P/E ratio of 21.65, a P/E/G ratio of 0.59 and a beta of 2.22. The firm has a 50 day moving average price of $942.57 and a 200 day moving average price of $728.67.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping 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 company had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. During the same period last year, the business posted $1.91 earnings per share. The business's revenue for the quarter 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. Analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend 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 Ratings Changes

A number of brokerages recently weighed in on MU. Rosenblatt Securities raised their price target on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company a "buy" rating in a report on Thursday, June 25th. KeyCorp restated an "overweight" rating on shares of Micron Technology in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft upped their price target on Micron Technology from $1,500.00 to $1,550.00 and gave the company a "buy" rating in a research note on Thursday, June 25th. Wells Fargo & Company lifted their price objective on 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. Finally, 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 research report on Thursday, June 18th. Four research 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, the company currently has an average rating of "Buy" and a consensus target price of $1,295.63.

Insider Activity at Micron Technology

In other news, Director Lynn A. Dugle sold 1,300 shares of Micron Technology 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 owned 17,728 shares in the company, valued at $20,394,823.04. The trade was a 6.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the sale, the executive vice president directly owned 85,737 shares of the company's stock, valued at approximately $92,933,763.78. The trade was a 31.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 177,204 shares of company stock valued at $182,156,264 over the last 90 days. Insiders own 0.24% of the company's stock.

About Micron Technology

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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