D.B. Root & Company LLC Makes New $3.14 Million Investment in Micron Technology, Inc. $MU

Key Points

• D.B. Root & Company LLC initiated a $3.14 million position in Micron Technology during the second quarter, purchasing 2,723 shares. Institutional investors collectively own 80.84% of Micron’s stock.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $1,295.63. Recent coverage included upgrades from New Street Research and Rosenblatt Securities, although Zacks Research downgraded the stock to “Hold.”
• Micron reported quarterly results well above expectations, including $25.11 in EPS on $41.46 billion in revenue, with revenue up 345.8% year over year. Strong AI-driven memory demand supports the outlook, but rising competition from China’s CXMT and elevated expectations pose risks.

D.B. Root & Company LLC purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,723 shares of the semiconductor manufacturer's stock, valued at approximately $3,143,000. Micron Technology makes up approximately 0.7% of D.B. Root & Company LLC's holdings, making the stock its 24th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. High Note Wealth LLC lifted its stake in Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after acquiring an additional 34 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in Micron Technology during the 1st quarter valued at about $27,000. Bayban purchased a new position in Micron Technology during the 4th quarter valued at about $29,000. Luken Investment Analytics LLC bought a new stake in shares of Micron Technology in the 4th quarter valued at about $31,000. Finally, WealthCollab LLC lifted its position in shares of Micron Technology by 4,500.0% in the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer's stock worth $34,000 after purchasing an additional 270 shares during the period. Hedge funds and other institutional investors own 80.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. TD Cowen reiterated a "buy" rating on shares of Micron Technology in a research note on Friday, July 10th. Zacks Research lowered Micron Technology from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 19th. Rosenblatt Securities upped their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the stock a "buy" rating in a report on Thursday, June 25th. The Goldman Sachs Group lifted their price target on Micron Technology from $900.00 to $1,100.00 and gave the company a "neutral" rating in a report on Thursday, June 25th. Finally, New Street Research raised Micron Technology from a "neutral" rating to a "buy" rating and set a $1,250.00 price target for the company in a research report on Friday, August 14th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Micron Technology has a consensus rating of "Buy" and an average price target of $1,295.63.

Micron Technology Price Performance

NASDAQ MU opened at $958.16 on Friday. The firm's fifty day simple moving average is $937.47 and its two-hundred day simple moving average is $732.52. The firm has a market capitalization of $1.08 trillion, a P/E ratio of 21.69, a P/E/G ratio of 0.61 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. Micron Technology, Inc. has a 12-month low of $118.52 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 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 analyst estimates of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business's revenue for the quarter was up 345.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Analysts forecast that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently declared 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 dividend payout ratio (DPR) is currently 1.36%.

Insider Buying and Selling at Micron Technology

In related news, Director Lynn A. Dugle sold 1,300 shares of Micron Technology stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the sale, the director directly owned 17,728 shares in the company, valued at $20,394,823.04. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 177,204 shares of company stock valued at $182,156,264. Insiders own 0.24% of the company's stock.

Key Micron Technology News

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

• Positive Sentiment: Record results and upbeat outlook support the bull case. Micron’s fiscal third-quarter revenue reached $41.46 billion, while non-GAAP EPS was $25.11, both well above expectations. Management’s fiscal fourth-quarter outlook—approximately $50 billion in revenue, $31 in non-GAAP EPS and an estimated 86% gross margin—has reinforced expectations for another record quarter. Micron's Q4 2026 Period Will Be Another Record Quarter
• Positive Sentiment: AI demand is extending beyond high-bandwidth memory (HBM). Hyperscaler spending is tightening supplies of HBM, DRAM and NAND, driving contract-price increases and diverting production away from consumer electronics. Micron also has 16 strategic customer agreements, including multiyear commitments and pricing protections, improving revenue visibility and reducing—though not eliminating—the impact of traditional memory cycles. Micron: The AI Memory Shortage Has Spread Beyond HBM
• Positive Sentiment: Analysts and institutional investors remain broadly constructive. Several reports argue that sold-out HBM capacity, strong pricing and a valuation below some semiconductor peers leave room for further gains. Soros Fund Management increased its reported Micron position nearly eightfold in the second quarter, although other investors, including David Tepper, reduced their exposure. Soros Fund Management Increased Micron Nearly Eightfold
• Neutral Sentiment: Micron also received a legal tailwind. A U.S. appeals court upheld Patent Office rulings invalidating five Netlist memory patents, removing a potential source of litigation pressure. Netlist Loses Patent Infringement Appeal Against Micron
• Negative Sentiment: China’s CXMT is gaining DRAM share, increasing long-term competition. Reports place CXMT near 10% of the DRAM market, raising concerns that Chinese capacity could eventually pressure pricing and market share, despite Micron’s near-term production being largely committed under contracts. Chinese Chipmaker CXMT Surges to 10% DRAM Share
• Negative Sentiment: High expectations and external risks are limiting enthusiasm. Critics argue that the upcoming quarterly report must deliver near-perfect execution after MU’s major rally. A potentially restrictive Federal Reserve decision could pressure richly valued growth stocks, while labor tensions in Taiwan—including demands for unusually large bonuses and a possible strike vote—create supply-continuity and margin risks. The Fed's September Decision Could Hit Micron Harder Than Its Own Earnings

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source