Elevated Capital Advisors LLC Cuts Stock Holdings in Micron Technology, Inc. $MU

Key Points

• Elevated Capital Advisors cut its Micron stake by 59.7% in the second quarter, selling 1,303 shares and retaining 881 shares valued at approximately $1.02 million. Hedge funds and institutional investors collectively own 80.84% of Micron.
• Micron reported quarterly results well above expectations, with adjusted earnings of $25.11 per share versus the $21.39 consensus and revenue of $41.46 billion versus $35.91 billion expected. Revenue increased 345.8% year over year, supported by strong semiconductor demand.
• Analysts remain broadly bullish: Micron has a consensus “Buy” rating and an average price target of $1,259.97, while shares recently traded up 4.0%. However, company insiders sold 177,179 shares worth about $181.8 million during the quarter.

Elevated Capital Advisors LLC reduced its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 59.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 881 shares of the semiconductor manufacturer's stock after selling 1,303 shares during the period. Elevated Capital Advisors LLC's holdings in Micron Technology were worth $1,017,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. M.E. Allison & CO. Inc. grew its position in shares of Micron Technology by 0.8% during the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer's stock valued at $1,528,000 after purchasing an additional 11 shares in the last quarter. Cherrydale Wealth Management LLC increased its holdings in shares of Micron Technology by 1.4% in the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer's stock worth $1,122,000 after purchasing an additional 13 shares during the last quarter. Red Door Wealth Management LLC lifted its position in shares of Micron Technology by 0.7% in the second quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer's stock worth $2,209,000 after buying an additional 14 shares in the last quarter. Signature Equity Partners LLC lifted its position in shares of Micron Technology by 6.3% in the first quarter. Signature Equity Partners LLC now owns 253 shares of the semiconductor manufacturer's stock worth $86,000 after buying an additional 15 shares in the last quarter. Finally, Madrona Financial Services LLC boosted its stake in Micron Technology by 1.0% during the second quarter. Madrona Financial Services LLC now owns 1,543 shares of the semiconductor manufacturer's stock valued at $1,781,000 after buying an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Buying and Selling at Micron Technology

In related news, Director Lynn A. Dugle sold 1,300 shares of the company's stock in a transaction dated 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 transaction, the director directly owned 17,728 shares of the company's stock, valued at $20,394,823.04. This represents a 6.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Scott R. Allen sold 879 shares of the company's stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 177,179 shares of company stock valued at $181,826,211. 0.24% of the stock is currently owned by corporate insiders.

Micron Technology Trading Up 4.0%

Shares of NASDAQ MU opened at $974.33 on Friday. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $967.32 and a two-hundred day simple moving average of $694.37. The firm has a market cap of $1.10 trillion, a PE ratio of 22.06 and a beta of 2.18. Micron Technology, Inc. has a twelve month low of $114.25 and a twelve month high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts' consensus estimates of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. During the same period in the prior year, the firm earned $1.91 earnings per share. The firm's revenue for the quarter was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Analysts expect that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology's dividend payout ratio is 1.36%.

Analyst Upgrades and Downgrades

MU has been the subject of several research analyst reports. Sanford C. Bernstein set a $1,300.00 price target on Micron Technology in a report on Monday, June 22nd. New Street Research raised shares of Micron Technology from a "neutral" rating to a "buy" rating and set a $1,250.00 price objective for the company in a research note on Friday, August 14th. Mizuho increased their price target on shares of Micron Technology from $1,150.00 to $1,375.00 and gave the company an "outperform" rating in a report on Thursday, June 25th. Bank of America lifted their price target on Micron Technology from $950.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Finally, Raymond James Financial raised their price target on Micron Technology from $1,100.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $1,259.97.

Micron Technology News Roundup

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

• Positive Sentiment: $10 billion AI research investment: Micron unveiled Micron Research Labs, a Boise-based facility backed by a planned $10 billion investment over the next decade. The lab will focus on memory technology, advanced packaging, computing systems and future semiconductor manufacturing, potentially strengthening Micron’s competitive position in AI memory. Micron Unveils Micron Research Labs
• Positive Sentiment: AI is changing memory demand: CEO Sanjay Mehrotra said AI has “totally changed” the traditionally cyclical memory industry because AI systems cannot function without memory. His comments reinforce the view that demand for high-bandwidth memory, server DRAM and data-center storage could remain structurally strong rather than follow the usual boom-and-bust pattern. Micron CEO on AI and the memory industry
• Positive Sentiment: Industry-wide support: SK hynix’s roughly $28.6 billion share repurchase and cancellation program lifted confidence across memory stocks. Investors interpreted the move as evidence of strong cash generation, tight high-end memory supply and management confidence in AI-related demand, with Micron benefiting in sympathy. SK hynix buyback supports memory stocks
• Neutral Sentiment: Large-scale expansion: Micron’s planned $50 billion Idaho manufacturing buildout is expected to create jobs and expand U.S. memory capacity, but it is also straining local infrastructure. The spending should support long-term growth while increasing execution and capital-allocation demands. Micron’s Boise expansion
• Negative Sentiment: No immediate buyback: Unlike some rivals, Micron is prioritizing investment and may have to wait before returning capital through substantial share repurchases, which could make the stock less attractive to investors seeking near-term shareholder distributions. Why Micron is not joining the memory buyback wave
• Negative Sentiment: Institutional selling and valuation risk: Stanley Druckenmiller’s Duquesne Family Office reportedly exited Micron during the second quarter, while recent commentary has warned that AI-related spending and memory pricing may still be cyclical. Micron’s sharp prior pullback also highlights the stock’s volatility and sensitivity to macroeconomic and semiconductor-sector sentiment.

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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