Corient Private Wealth LP Sells 28,846 Shares of Micron Technology, Inc. $MU

Key Points

• Corient Private Wealth reduced its Micron Technology position by 9.1%, selling 28,846 shares during the second quarter while retaining 287,470 shares valued at approximately $331.8 million. Institutional investors collectively own 80.84% of the company.
• Micron’s fundamentals and analyst outlook remain strong: quarterly EPS and revenue significantly exceeded expectations, with revenue up 345.8% year over year. Analysts maintain an overall “Buy” rating with an average price target of $1,295.63.
• AI-driven memory demand is supporting Micron’s growth, particularly for high-bandwidth memory used in data centers, though competition from Chinese chipmakers, potential industry oversupply and labor-related disruptions remain key risks. Insiders have also sold more than $182 million of company stock over the past quarter.

Corient Private Wealth LP cut its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 9.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 287,470 shares of the semiconductor manufacturer's stock after selling 28,846 shares during the quarter. Corient Private Wealth LP's holdings in Micron Technology were worth $331,798,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MU. Ramsey Quantitative Systems acquired a new position in Micron Technology during the 2nd quarter valued at $46,000. RHL Group LLC acquired a new stake in Micron Technology in the 2nd quarter worth $47,000. Philadelphia Investment Partners LLC acquired a new stake in Micron Technology in the 2nd quarter worth $54,000. Signature Resources Capital Management LLC increased its holdings in shares of Micron Technology by 1,125.0% during the 2nd quarter. Signature Resources Capital Management LLC now owns 49 shares of the semiconductor manufacturer's stock worth $57,000 after purchasing an additional 45 shares during the period. Finally, Davis Capital Management increased its holdings in shares of Micron Technology by 510.0% during the 2nd quarter. Davis Capital Management now owns 61 shares of the semiconductor manufacturer's stock worth $70,000 after purchasing an additional 51 shares during the period. 80.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

MU has been the subject of several research reports. Raymond James Financial increased their target price 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. Wolfe Research set a $1,500.00 price target on Micron Technology in a research note on Thursday, June 25th. The Goldman Sachs Group boosted their price target on Micron Technology from $900.00 to $1,100.00 and gave the company a "neutral" rating in a research note on Thursday, June 25th. DA Davidson upped their price target on Micron Technology from $1,500.00 to $2,000.00 and gave the company a "buy" rating in a report on Thursday, June 25th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Micron Technology in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Micron Technology has an average rating of "Buy" and an average price target of $1,295.63.

Micron Technology Stock Performance

NASDAQ MU opened at $1,016.59 on Friday. The stock has a market cap of $1.15 trillion, a P/E ratio of 23.02, a PEG ratio of 0.64 and a beta of 2.22. The company's 50-day simple moving average is $935.15 and its 200 day simple moving average is $734.51. Micron Technology, Inc. has a twelve month low of $125.66 and a twelve month high of $1,255.00. 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 announced its quarterly 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 firm had revenue of $41.46 billion during 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 company's revenue for the quarter was up 345.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, research analysts forecast 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. Investors of record on Monday, July 6th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology's dividend payout ratio (DPR) is 1.36%.

Key Micron Technology News

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

Insiders Place Their Bets

In other Micron Technology news, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the transaction, the director directly owned 17,728 shares in the company, valued at $20,394,823.04. This represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Scott R. 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 transaction, the chief accounting officer directly owned 34,958 shares of the company's stock, valued at approximately $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 177,204 shares of company stock worth $182,156,264 over the last quarter. Corporate insiders own 0.24% of the company's stock.

Micron Technology 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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