Galaxy Digital Capital Management GP LLC Takes Position in Micron Technology, Inc. $MU

Galaxy Digital Capital Management GP LLC purchased a new position in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,972 shares of the semiconductor manufacturer's stock, valued at approximately $3,431,000. Micron Technology comprises 1.7% of Galaxy Digital Capital Management GP LLC's investment portfolio, making the stock its 18th largest position.

Other hedge funds also recently bought and sold shares of the company. Osterweis Capital Management Inc. bought a new position in Micron Technology during the second quarter valued at $10,347,000. Nicholas Investment Partners LP purchased a new stake in Micron Technology during the second quarter valued at approximately $7,920,000. Trybe Capital Management LP bought a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $134,312,000. White Knight Strategic Wealth Advisors LLC purchased a new position in shares of Micron Technology in the 2nd quarter worth approximately $758,000. Finally, Legal & General Group Plc purchased a new position in shares of Micron Technology in the 2nd quarter worth approximately $8,402,393,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

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

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 264,503 shares of the company's stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the business'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 completion of the sale, the chief accounting officer owned 34,958 shares of the company's stock, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 177,204 shares of company stock valued at $182,156,264. Company insiders own 0.24% of the company's stock.

Micron Technology Price Performance

Micron Technology stock opened at $1,016.59 on Friday. The stock has a market cap of $1.15 trillion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 0.61 and a beta of 2.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. Micron Technology, Inc. has a 1 year low of $125.66 and a 1 year high of $1,255.00. The firm has a 50-day moving average of $935.15 and a two-hundred day moving average of $734.51.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter in the previous year, the firm posted $1.91 earnings per share. The company's revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MU shares. Wells Fargo & Company raised their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the stock an "overweight" rating in a research report on Thursday, June 25th. New Street Research raised shares of Micron Technology from a "neutral" rating to a "buy" rating and set a $1,250.00 target price on the stock in a research note on Friday, August 14th. Needham & Company LLC lifted their price target on shares of 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. Morgan Stanley increased their price objective on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Thursday, June 25th. Finally, Bank of America raised their price objective on shares of Micron Technology from $950.00 to $1,500.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. Four investment 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 stock. Based on data from MarketBeat.com, the stock currently 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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