Berkshire Capital Holdings Inc. Grows Stock Holdings in Micron Technology, Inc. $MU

Key Points

• Berkshire Capital Holdings sharply increased its Micron stake by 32,780 shares in the second quarter, bringing its holdings to 32,790 shares worth approximately $37.8 million. Micron now represents about 8.2% of the firm’s portfolio and its largest holding.
• Micron reported strong quarterly results, with earnings per share of $25.11 and revenue of $41.46 billion, exceeding analyst expectations; revenue surged 345.8% year over year. AI-driven demand for high-bandwidth memory and strong fourth-quarter guidance remain major growth catalysts.
• Analysts remain broadly bullish, with Micron carrying an overall “Buy” rating and an average price target of $1,295.63. However, executives have sold shares recently, while competition, potential memory oversupply and labor risks remain concerns.

Berkshire Capital Holdings Inc. boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 327,800.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,790 shares of the semiconductor manufacturer's stock after buying an additional 32,780 shares during the period. Micron Technology makes up about 8.2% of Berkshire Capital Holdings Inc.'s holdings, making the stock its largest holding. Berkshire Capital Holdings Inc.'s holdings in Micron Technology were worth $37,849,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Heritage Trust Co boosted its position in Micron Technology by 9.7% during the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer's stock valued at $4,289,000 after buying an additional 1,323 shares during the period. Castleark Management LLC purchased a new position in shares of Micron Technology in the first quarter worth about $3,709,000. Oppenheimer & Co. Inc. lifted its stake in shares of Micron Technology by 16.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer's stock valued at $56,006,000 after acquiring an additional 6,702 shares during the last quarter. Legacy Wealth Management LLC MS lifted its stake in shares of Micron Technology by 73.3% in 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 acquiring an additional 1,499 shares during the last quarter. Finally, Financial Synergies Wealth Advisors Inc. bought a new stake in shares of Micron Technology in the 4th quarter valued at about $1,316,000. Institutional investors own 80.84% of the company's stock.

Micron Technology Trading Up 6.1%

MU opened at $1,016.59 on Friday. The business has a 50 day simple moving average of $935.15 and a two-hundred day simple moving average of $734.51. The firm has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 23.02, a PEG ratio of 0.64 and a beta of 2.22. 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, Inc. has a one year low of $125.66 and a one year high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts' consensus estimates of $21.39 by $3.72. The firm had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business's quarterly revenue was up 345.8% compared to the same quarter last year. During the same period last year, the company earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Analysts predict 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. Investors of record on Monday, July 6th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is presently 1.36%.

Insiders Place Their Bets

In related news, CAO Scott Allen sold 879 shares of Micron Technology stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. The trade was a 13.14% 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 quarter. 0.24% of the stock is owned by company insiders.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: AI memory demand remains the key catalyst. Micron is reportedly increasing production capacity for more profitable, high-demand memory products used in AI servers, including high-bandwidth memory (HBM). Investors see sustained hyperscaler spending as supporting pricing, revenue and margins. Micron is doubling down on AI memory chips
• Positive Sentiment: Memory stocks led the market. Micron and other memory-related companies benefited from renewed enthusiasm for AI infrastructure, the release of a new OpenAI model and expectations that the NAND pricing cycle may be strengthening. Memory and AI-related stocks lead the market
• Positive Sentiment: Analyst upside forecasts added support. Lynx Equity Strategies said volatility has normalized and maintained an aggressive price target of $1,325 for MU, implying substantial potential upside from recent levels. Lynx Equity sees Micron and SanDisk breakout
• Positive Sentiment: Recent operating results provide fundamental support. Micron’s latest reported quarter significantly exceeded earnings and revenue expectations, with revenue up sharply year over year. The company also issued strong fourth-quarter guidance, reinforcing the view that AI-related memory shortages are translating into exceptional profitability.
• Neutral Sentiment: Long-term customer agreements may reduce—but not eliminate—cyclicality. Reports highlight 16 strategic agreements extending through 2030, some with price floors or bands. These contracts could improve earnings visibility, although investors remain concerned that new industry capacity could eventually pressure pricing. Micron’s contracts reveal the next AI bottleneck
• Negative Sentiment: Competition and execution risks remain. Chinese chipmaker CXMT is gaining DRAM market share, while planned capacity investments by Asian producers could eventually create oversupply. Micron also faces potential labor disruption in Taiwan after unions sought substantially higher compensation, creating a risk to costs and supply continuity. Chinese chipmaker CXMT gains DRAM share

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MU shares. Mizuho decreased their price target on Micron Technology from $1,375.00 to $1,300.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 25th. Bank of America increased their price objective on Micron Technology from $950.00 to $1,500.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. KeyCorp restated an "overweight" rating on shares of Micron Technology in a report on Monday, July 20th. Barclays lifted their target price on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Finally, Wedbush upped their price target on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the company an "outperform" rating in a report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $1,295.63.

Micron Technology Company Profile

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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