Citizens Financial Group Inc. RI boosted its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 30.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,490 shares of the semiconductor manufacturer's stock after purchasing an additional 3,653 shares during the period. Citizens Financial Group Inc. RI's holdings in Micron Technology were worth $5,233,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Capital Advisors Ltd. LLC lifted its stake in shares of Micron Technology by 10.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 247 shares of the semiconductor manufacturer's stock valued at $83,000 after acquiring an additional 23 shares during the last quarter. Manning & Napier Advisors LLC grew its position in Micron Technology by 2.4% during the 4th quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer's stock worth $301,000 after acquiring an additional 24 shares during the last quarter. Essex Bank grew its position in Micron Technology by 2.0% during the 1st quarter. Essex Bank now owns 1,252 shares of the semiconductor manufacturer's stock worth $423,000 after acquiring an additional 24 shares during the last quarter. SWAN Capital LLC increased its holdings in Micron Technology by 9.7% in the 4th quarter. SWAN Capital LLC now owns 271 shares of the semiconductor manufacturer's stock worth $77,000 after purchasing an additional 24 shares in the last quarter. Finally, Vivaldi Capital Management LP increased its holdings in Micron Technology by 1.2% in the 4th quarter. Vivaldi Capital Management LP now owns 1,964 shares of the semiconductor manufacturer's stock worth $561,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.
Micron Technology Price Performance
Shares of MU opened at $979.30 on Monday. The company has a market capitalization of $1.11 trillion, a PE ratio of 22.17 and a beta of 2.14. The stock's 50-day moving average price is $923.27 and its two-hundred day moving average price is $580.30. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 12 month low of $103.38 and a 12 month 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 (EPS) for the quarter, topping analysts' consensus estimates of $21.39 by $3.72. The company had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm's revenue was up 345.8% compared to the same quarter last year. During the same period last year, the company earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, analysts anticipate that Micron Technology, Inc. will post 72.94 EPS for the current year.
Micron Technology Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, July 6th. Micron Technology's dividend payout ratio is currently 1.36%.
Analyst Upgrades and Downgrades
MU has been the subject of several research reports. Royal Bank Of Canada increased their target price on 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. Weiss Ratings restated a "buy (b)" rating on shares of Micron Technology in a report on Tuesday, May 12th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the company a "buy" rating in a report on Thursday, June 25th. Finally, DA Davidson lifted their target price on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the stock a "buy" rating in a research report on Thursday, June 25th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $1,263.76.
Get Our Latest Research Report on Micron Technology
More Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: TD Cowen reiterated a Buy on Micron with a $1,600 price target, citing tight supply and strong demand for AI memory. Micron’s (MU) Tight Supply Drives This Five-Star Analyst’s $1,600 Outlook
- Positive Sentiment: Micron announced plans to invest up to $3 billion in the U.S. semiconductor supply chain, including a $500 million financing deal with GlobalWafers and a 10-year wafer supply agreement, which supports long-term manufacturing capacity and supply security. Micron boosts plans for investment in US to over $250B
- Positive Sentiment: Analysts and investors continue to highlight Micron’s blowout results, with strong revenue growth, margin expansion, and high-bandwidth memory demand reinforcing the long-term bull case. Micron Crushes Earnings: Is a Stock Split Next?
- Neutral Sentiment: Micron is also getting attention from traders because of heavy volume and broader volatility in the AI-memory complex, which suggests the stock may be consolidating after a strong move. Why Is Micron Stock Slipping Today, 7/10/26?
- Negative Sentiment: SK Hynix’s Nasdaq debut is giving investors another way to play AI memory, which may be pulling some money away from Micron and fueling valuation comparisons across the sector. Is SK Hynix stock a better pick to play AI memory market than Micron?
- Negative Sentiment: Some articles note that the recent AI sell-off is more about stretched expectations than fundamentals, implying investors are taking profits even in strong names like Micron. The AI Sell-Off That Isn't About AI
Insider Activity
In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the transaction, the executive vice president owned 85,737 shares in the company, valued at approximately $92,933,763.78. This trade 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 business's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the completion of the transaction, the chief executive officer owned 424,503 shares in the company, valued at $227,643,978.78. This trade represents a 8.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 163,300 shares of company stock worth $152,667,204 in the last 90 days. 0.24% of the stock is owned by company insiders.
Micron Technology Profile
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Free Report)
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.
See Also
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