Corient Private Wealth LP Reduces Stock Position in Micron Technology, Inc. $MU

Key Points

• Corient Private Wealth LP cut its Micron Technology position by 41.5% in the second quarter, selling 131,176 shares and retaining 185,140 shares valued at approximately $213.7 million. Institutional investors collectively own 80.84% of the company.
• Micron insiders have also been selling shares, with executives disposing of 177,204 shares worth about $182.2 million over the past 90 days. CEO Sanjay Mehrotra and EVP April Arnzen each sold 40,000 shares in separate transactions.
• The company’s outlook remains supported by tight DRAM supply, strong high-bandwidth memory demand and expansion plans, though AI-spending concerns and rising competition pose risks. Analysts maintain a consensus “Buy” rating, with an average price target of $1,295.63.

Corient Private Wealth LP decreased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 41.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 185,140 shares of the semiconductor manufacturer's stock after selling 131,176 shares during the quarter. Corient Private Wealth LP's holdings in Micron Technology were worth $213,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Formuepleje A S purchased a new position in shares of Micron Technology in the second quarter valued at $58,876,000. Tucker Asset Management LLC raised its stake in shares of Micron Technology by 28.7% during the 2nd quarter. Tucker Asset Management LLC now owns 1,430 shares of the semiconductor manufacturer's stock valued at $1,651,000 after purchasing an additional 319 shares during the period. HORAN Wealth LLC purchased a new stake in Micron Technology during the 2nd quarter worth about $568,000. Wellington Grp LLC lifted its holdings in Micron Technology by 11.4% during the 2nd quarter. Wellington Grp LLC now owns 5,734 shares of the semiconductor manufacturer's stock worth $6,619,000 after purchasing an additional 587 shares in the last quarter. Finally, Advus Financial Partners LLC boosted its stake in Micron Technology by 6.9% in the 2nd quarter. Advus Financial Partners LLC now owns 2,513 shares of the semiconductor manufacturer's stock worth $2,900,000 after purchasing an additional 163 shares during the period. 80.84% of the stock is owned by institutional investors.

Insider Transactions at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president owned 85,737 shares of the company's stock, valued at $92,933,763.78. This represents a 31.81% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 177,204 shares of company stock valued at $182,156,264. 0.24% of the stock is currently owned by corporate insiders.

Key Micron Technology News

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

• Positive Sentiment: Micron’s long-term outlook remains supported by tight DRAM supply, strong HBM demand, and planned expansion of DRAM and HBM manufacturing capacity. Long-term customer agreements could support pricing and growth through 2027 and beyond. Micron Has More Firepower Left in Its Cylinder for the Long Term
• Positive Sentiment: Investors are looking ahead to Micron’s September 30 earnings report, with expectations for continued record DRAM and NAND pricing, strong results, and optimistic forward guidance. Prediction: Micron’s Sept. 30 Earnings Will Confirm the Memory Shortage Isn’t Over
• Neutral Sentiment: Technical analysts are monitoring a closely watched support level after the stock’s decline. A break below that level could signal additional near-term weakness, while stabilization could allow investors to refocus on Micron’s earnings and HBM expansion plans. Micron Stock Sends Urgent Signal as Shares Slide
• Negative Sentiment: Shares declined with other AI-related semiconductor stocks after Anthropic and OpenAI executives called for a slower pace of AI development. Investors fear that a moderation in AI spending could reduce demand expectations for memory chips and weaken the premium valuation assigned to HBM suppliers. Memory Stocks Lead AI Selloff
• Negative Sentiment: Additional risks include the possibility that Nvidia develops chips requiring less expensive memory, while Samsung and SK Hynix gain HBM market share. A report that DeepSeek materially reduced its HBM and SSD requirements has also challenged the assumption that AI usage will translate directly into proportional memory demand. DeepSeek Cut Its KV-Cache HBM Need
• Negative Sentiment: Potentially higher interest rates are adding pressure to high-growth technology stocks and amplifying the sector-wide selloff. Dow Jones Futures: Nvidia, Micron, Sandisk Dive on AI Fears

Micron Technology Stock Performance

NASDAQ:MU opened at $924.03 on Tuesday. The business has a 50 day moving average of $928.22 and a 200 day moving average of $760.84. The company has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 20.92, a PEG ratio of 0.62 and a beta of 2.22. Micron Technology, Inc. has a 1-year low of $154.65 and a 1-year high of $1,255.00. 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 (NASDAQ:MU - Get Free Report) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping analysts' consensus estimates 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%. The firm's revenue was up 345.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, sell-side analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently announced 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 yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology's payout ratio is 1.36%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Morgan Stanley lifted their target price on Micron Technology from $1,050.00 to $1,200.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. BMO Capital Markets assumed coverage on shares of Micron Technology in a research report on Friday, August 21st. They issued an "outperform" rating and a $1,300.00 price objective for the company. Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, June 25th. Raymond James Financial boosted their price objective on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the company an "outperform" rating in a research note 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 stock a "buy" rating in a report on Thursday, June 18th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $1,295.63.

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.

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.