Focus Partners Advisor Solutions LLC Sells 5,372 Shares of Micron Technology, Inc. $MU

Key Points

• Focus Partners Advisor Solutions reduced its Micron Technology position by 23.1%, selling 5,372 shares and retaining 17,862 shares valued at approximately $20.6 million. Hedge funds and other institutional investors collectively own 80.84% of the company.
• Micron reported a strong quarter, with EPS of $25.11 versus $21.39 expected and revenue of $41.46 billion, up 345.8% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $1,295.63.
• Insiders sold 217,179 shares worth about $220.6 million over the past 90 days, including CEO Sanjay Mehrotra’s sale of 40,000 shares for roughly $38.8 million. The company paid a quarterly dividend of $0.15 per share, equal to a 0.1% yield.

Focus Partners Advisor Solutions LLC lowered its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 23.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,862 shares of the semiconductor manufacturer's stock after selling 5,372 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Micron Technology were worth $20,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Andar Capital Management HK Ltd lifted its stake in Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock valued at $39,571,847,000 after acquiring an additional 34,278,413 shares during the period. Norges Bank bought a new stake in shares of Micron Technology in the fourth quarter worth approximately $6,433,456,000. AQR Capital Management LLC grew its stake in shares of Micron Technology by 411.9% in the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer's stock worth $606,873,000 after acquiring an additional 2,918,535 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Micron Technology by 1,340.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer's stock valued at $805,148,000 after purchasing an additional 2,625,169 shares during the last quarter. Finally, Amundi raised its holdings in shares of Micron Technology by 65.0% during the fourth quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer's stock valued at $1,424,025,000 after purchasing an additional 1,965,319 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Trading Up 0.6%

NASDAQ:MU opened at $938.40 on Thursday. The firm has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 21.25 and a beta of 2.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The business has a fifty day moving average price of $959.62 and a 200-day moving average price of $709.37. Micron Technology, Inc. has a one year low of $114.25 and a one year high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last issued 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 business had revenue of $41.46 billion during the quarter, compared to analysts' expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business's quarterly revenue was up 345.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Dividend Announcement

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

Insider Activity

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction 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 directly owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the transaction, the executive vice president owned 85,737 shares in the company, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 217,179 shares of company stock worth $220,582,211 over the last ninety days. Company insiders own 0.24% of the company's stock.

Micron Technology News Roundup

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

• Positive Sentiment: Analyst optimism is supporting the rebound. BMO initiated coverage with an “outperform” rating and a $1,300 price target, while Mizuho maintained its “outperform” rating and set a $1,300 target despite lowering its estimate from $1,375. Finance giant sets aggressive Micron stock target after earnings
• Positive Sentiment: Investor commentary remains bullish on Micron’s long-term growth. The company’s latest quarter generated approximately $41.5 billion in revenue, up more than 345% year over year, with earnings substantially exceeding expectations. Analysts and commentators also point to accelerating revenue and profit growth and the possibility of the stock reaching $1,300 by year-end. Prediction: Micron Stock Will Reach $1,300 by the End of 2026
• Positive Sentiment: Reports that DRAM and high-bandwidth memory prices could rise sharply this quarter reinforce Micron’s pricing power. Demand from AI data centers continues to exceed supply, while management expects the memory industry to expand over the long run. Memory Shortage Deepens to Worst Levels Since 2017
• Neutral Sentiment: Micron promoted Manish Bhatia to president and chief operating officer and Scott DeBoer to president and chief technology and products officer. The changes are intended to improve execution and innovation as AI-related memory demand grows, but their financial impact will take time to assess. Micron Announces Leadership Appointments
• Neutral Sentiment: Micron will report fiscal fourth-quarter results on September 30. The release is a potential catalyst because investors will look for evidence that AI demand, pricing and margins remain strong. Micron to Report Fiscal Fourth Quarter Results
• Negative Sentiment: Risks include competition from China’s YMTC, the possibility that long-term contracts limit Micron’s ability to capture rising spot prices, and the memory industry’s historically cyclical downturns. CEO Sanjay Mehrotra’s sale of 40,000 shares for approximately $38.8 million—and continued insider selling without reported purchases—may also weigh on sentiment. Sanjay Mehrotra Sells 40,000 Shares

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MU. TD Cowen restated a "buy" rating on shares of Micron Technology in a report on Friday, July 10th. Susquehanna boosted their target price on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the company a "positive" rating in a research note on Thursday, June 25th. Royal Bank Of Canada increased their price target on Micron Technology from $1,200.00 to $1,500.00 and gave the company an "outperform" rating in a report on Thursday, June 25th. ThinkEquity restated a "buy" rating on shares of Micron Technology in a research note on Monday, August 3rd. Finally, Citigroup cut their price objective on Micron Technology from $1,400.00 to $1,150.00 and set a "buy" rating for the company in a report on Friday, August 7th. Four 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. According to data from MarketBeat.com, Micron Technology 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 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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