Bluefin Capital Management LLC Has $4.44 Million Position in Micron Technology, Inc. $MU

Bluefin Capital Management LLC raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 43.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,849 shares of the semiconductor manufacturer's stock after purchasing an additional 1,168 shares during the quarter. Micron Technology accounts for approximately 1.1% of Bluefin Capital Management LLC's portfolio, making the stock its 15th largest position. Bluefin Capital Management LLC's holdings in Micron Technology were worth $4,443,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Heritage Trust Co increased its position in shares of 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 acquiring an additional 1,323 shares during the last quarter. Castleark Management LLC purchased a new position in shares of Micron Technology in the 1st quarter worth about $3,709,000. Oppenheimer & Co. Inc. grew its position in shares of Micron Technology by 16.0% during 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 period. Legacy Wealth Management LLC MS grew its holdings in Micron Technology by 73.3% during 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 purchasing an additional 1,499 shares during the period. Finally, PKO BP BANKOWY Universal Pension Society JSC purchased a new stake in Micron Technology in the 4th quarter worth about $61,306,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Analyst Ratings Changes

MU has been the topic of several research reports. Raymond James Financial boosted their price target on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. Bank of America boosted their target price on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Zacks Research downgraded Micron Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 19th. ThinkEquity reaffirmed a "buy" rating on shares of Micron Technology in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Micron Technology from $1,500.00 to $1,550.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $1,295.63.

Insiders Place Their Bets

In other news, EVP April S. Arnzen sold 40,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 85,737 shares in the company, valued at approximately $92,933,763.78. This represents a 31.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 177,204 shares of company stock valued at $182,156,264 over the last quarter. Insiders own 0.24% of the company's stock.

Micron Technology News Roundup

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 Stock Performance

Shares of MU opened at $1,000.26 on Wednesday. The company has a market cap of $1.13 trillion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 0.64 and a beta of 2.22. 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 stock has a 50-day moving average price of $929.50 and a 200-day moving average price of $745.20. Micron Technology, Inc. has a 12-month low of $131.56 and a 12-month high of $1,255.00.

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 for the quarter, topping the consensus estimate of $21.39 by $3.72. The company had revenue of $41.46 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

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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