Cane Capital Partners LLC Sells 2,265 Shares of Micron Technology, Inc. $MU

Key Points

• Cane Capital Partners reduced its Micron Technology stake by 45.3% in the first quarter, selling 2,265 shares and leaving it with 2,734 shares worth about $924,000.
• Micron’s latest earnings were strong, with EPS of $25.11 and revenue of $41.46 billion, both above estimates. The company also issued upbeat Q4 2026 guidance of 30–32 EPS.
• Despite bullish analyst upgrades and demand tailwinds from AI and memory shortages, Micron is facing headwinds from a broader semiconductor selloff and a new class-action lawsuit over DRAM pricing.

Cane Capital Partners LLC cut its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 45.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,734 shares of the semiconductor manufacturer's stock after selling 2,265 shares during the period. Cane Capital Partners LLC's holdings in Micron Technology were worth $924,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Micron Technology by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock valued at $30,427,016,000 after acquiring an additional 1,954,644 shares during the last quarter. State Street Corp lifted its holdings in shares of Micron Technology by 2.1% in the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer's stock worth $15,061,310,000 after acquiring an additional 1,090,644 shares during the last quarter. Capital International Investors lifted its holdings in shares of Micron Technology by 0.7% in the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer's stock worth $3,910,198,000 after acquiring an additional 155,860 shares during the last quarter. Norges Bank purchased a new stake in shares of Micron Technology in the 4th quarter valued at $6,433,456,000. Finally, Morgan Stanley boosted its stake in shares of Micron Technology by 5.1% in the 4th quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer's stock valued at $4,679,771,000 after purchasing an additional 794,289 shares in 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: Micron and General Motors announced a long-term strategic supply agreement for automotive memory and storage, reinforcing demand visibility and expanding Micron’s automotive footprint. Micron and General Motors Sign Strategic Agreement to Secure Supply and Accelerate Innovation
• Positive Sentiment: Several analysts remain bullish, citing continued memory shortages, strong AI-driven demand, and higher price targets after Micron’s blowout earnings and guidance. Micron Stock Gets Set to Go Higher as KeyBanc Analyst Predicts ‘Continued Strong Demand’ in 2026
• Positive Sentiment: Industry commentary continues to highlight tight AI memory supply and rising chip prices, which support Micron’s earnings power even after the stock’s strong run. Micron Stock Drops But Memory-Chip Prices Keep Rising
• Neutral Sentiment: Micron also announced a $250 million commitment to Trump Accounts, which may improve sentiment around the company’s U.S. investment story, but the move is politically mixed and not directly tied to operating results. Micron Announces $250 Million Investment in Trump Accounts Reaching 1 Million Children, Families and the Future Workforce
• Negative Sentiment: Micron is being hit by a broad semiconductor selloff as investors lock in profits after the sector’s record rally, weighing on MU alongside other memory names. Chip stocks that notched record rallies in second quarter start Q3 with a dud
• Negative Sentiment: A new class-action lawsuit targeting DRAM pricing is creating legal overhang for Micron and other memory-chip makers, adding uncertainty for investors. Samsung, SK Hynix, Micron sued over DRAM prices: what's at stake
• Negative Sentiment: Some commentators and valuation-focused pieces are warning that Micron’s massive run may have gone too far, especially if the memory cycle cools or margins normalize. Micron Is Now Everyone Else's Problem (Rating Downgrade)

Insiders Place Their Bets

In other news, CEO Sanjay Mehrotra sold 28,506 shares of Micron Technology stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $1,149.28, for a total value of $32,761,375.68. Following the sale, the chief executive officer directly owned 355,997 shares in the company, valued at approximately $409,140,232.16. This trade represents a 7.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the business's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the transaction, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 146,000 shares of company stock worth $117,926,445. 0.24% of the stock is currently owned by company insiders.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $1,032.28 on Thursday. The company's fifty day simple moving average is $856.65 and its two-hundred day simple moving average is $544.62. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,255.00. The firm has a market cap of $1.17 trillion, a PE ratio of 23.37 and a beta of 2.13. 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 issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating the consensus estimate of $21.39 by $3.72. The firm had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company's quarterly revenue was up 345.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities analysts expect that Micron Technology, Inc. will post 71.74 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th will be issued a $0.15 dividend. The ex-dividend date is Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is 1.36%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. 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 report on Thursday, June 25th. Royal Bank Of Canada upped their price target on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. Wolfe Research set a $1,500.00 price objective on Micron Technology in a research note on Thursday, June 25th. Stifel Nicolaus lifted their price objective on Micron Technology from $550.00 to $1,500.00 and gave the stock a "buy" rating in a report on Thursday, June 18th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Micron Technology in a research note on Tuesday, May 12th. Five analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $1,263.76.

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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