FNY Investment Advisers LLC Increases Stake in Micron Technology, Inc. $MU

Key Points

• FNY Investment Advisers increased its Micron stake by 3,298% in the second quarter, purchasing 1,649 additional shares to own 1,699 shares valued at approximately $1.96 million. Institutional investors collectively own 80.84% of Micron’s stock.
• Micron reported a strong quarter, with $41.46 billion in revenue and $25.11 in adjusted EPS, surpassing analyst estimates; revenue grew 345.8% year over year. AI infrastructure demand and high-bandwidth memory sales continue to support the company’s outlook.
• Wall Street remains broadly bullish, with a consensus “Buy” rating and an average price target of $1,268.93, although insiders have sold approximately $169.4 million of shares over the past 90 days.

FNY Investment Advisers LLC increased its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 3,298.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,699 shares of the semiconductor manufacturer's stock after purchasing an additional 1,649 shares during the period. Micron Technology accounts for about 0.7% of FNY Investment Advisers LLC's portfolio, making the stock its 27th largest position. FNY Investment Advisers LLC's holdings in Micron Technology were worth $1,961,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of MU. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Micron Technology during the first quarter worth $27,000. High Note Wealth LLC grew its holdings in shares of Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock valued at $25,000 after buying an additional 34 shares during the last quarter. Steigerwald Gordon & Koch Inc. grew its holdings in shares of Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 96 shares during the last quarter. Bayban acquired a new position in shares of Micron Technology in the 4th quarter valued at $29,000. Finally, Financial Life Planners purchased a new position in Micron Technology in the 1st quarter worth $36,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology News Summary

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

• Positive Sentiment: Micron remains a favored growth stock because its fiscal third-quarter results were well above expectations, with $41.5 billion in revenue, $25.11 in adjusted EPS and revenue growth of more than 345% year over year. The company also issued strong fourth-quarter guidance. Micron & 2 Profitable Stocks Smart Investors Are Buying in August
• Positive Sentiment: AI infrastructure demand continues to support Micron’s high-bandwidth memory business. Industry commentary indicates that memory demand may exceed global supply for several years, while Micron’s 2026 HBM output is reportedly sold out and customer agreements provide additional revenue visibility. How SpaceX’s Earnings Call Turned Bullish for Memory Stocks
• Positive Sentiment: Several analysts and financial publications view MU as attractively valued after its pullback, with reported price targets materially above the current trading level. Record cash flow could also support share repurchases across the memory industry. Micron Is an Incredible Bargain Below $1,000

Insider Activity at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the company's stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven J. Gomo sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the sale, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. The trade was a 10.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 164,179 shares of company stock valued at $169,385,921 in the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Micron Technology in a research report on Tuesday, May 12th. Wolfe Research set a $1,500.00 price objective on Micron Technology in a report on Thursday, June 25th. Needham & Company LLC raised their price objective on Micron Technology from $1,550.00 to $1,650.00 and gave the stock a "buy" rating in a research note on Thursday, June 25th. DA Davidson lifted their target price on Micron Technology from $1,500.00 to $2,000.00 and gave the stock a "buy" rating in a report on Thursday, June 25th. Finally, Wedbush lifted their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. Four equities research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $1,268.93.

Micron Technology Price Performance

NASDAQ:MU opened at $881.47 on Friday. Micron Technology, Inc. has a one year low of $110.79 and a one year high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The firm has a market cap of $995.52 billion, a price-to-earnings ratio of 19.96 and a beta of 2.18. The firm's fifty day moving average is $976.89 and its two-hundred day moving average is $657.02.

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, beating analysts' consensus estimates of $21.39 by $3.72. The business 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 company's revenue was up 345.8% on a year-over-year basis. During the same quarter last year, the business posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were issued a dividend of $0.15 per share. 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 1.36%.

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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