Gotham Asset Management LLC Purchases 27,865 Shares of Micron Technology, Inc. $MU

Key Points

• Gotham Asset Management LLC boosted its Micron position by 10.3%, purchasing 27,865 shares to own 298,570 shares valued at about $49.96 million at the end of the quarter.
• Micron delivered a strong quarter — $4.78 EPS vs $3.77 expected and $13.64B revenue (up 56.7% YoY) — spurring multiple analyst price‑target raises and lifting the stock toward its 52‑week high.
• Insiders and institutions active: a director bought 11,600 shares recently while insiders were net sellers last quarter, and institutional investors hold roughly 80.84% of the shares.

Gotham Asset Management LLC boosted its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 10.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 298,570 shares of the semiconductor manufacturer's stock after acquiring an additional 27,865 shares during the period. Gotham Asset Management LLC's holdings in Micron Technology were worth $49,957,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MU. Brighton Jones LLC lifted its position in Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock valued at $532,000 after purchasing an additional 976 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Micron Technology by 21.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer's stock valued at $435,000 after purchasing an additional 628 shares during the last quarter. United Bank acquired a new stake in shares of Micron Technology during the 2nd quarter worth approximately $236,000. Schnieders Capital Management LLC. grew its position in shares of Micron Technology by 67.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer's stock worth $2,093,000 after buying an additional 6,867 shares during the period. Finally, Foundations Investment Advisors LLC raised its stake in shares of Micron Technology by 26.1% during the second quarter. Foundations Investment Advisors LLC now owns 8,274 shares of the semiconductor manufacturer's stock worth $1,020,000 after buying an additional 1,713 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Stock Up 5.1%

Shares of NASDAQ MU opened at $426.13 on Monday. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $455.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. The stock has a market cap of $479.61 billion, a P/E ratio of 40.51 and a beta of 1.50. The firm has a 50 day moving average price of $391.35 and a 200 day moving average price of $273.84.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same period last year, the business posted $1.79 earnings per share. The business's revenue for the quarter was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th were issued a dividend of $0.115 per share. The ex-dividend date was Monday, December 29th. This represents a $0.46 annualized dividend and a yield of 0.1%. Micron Technology's payout ratio is currently 4.37%.

Insider Activity

In other Micron Technology news, Director Teyin M. Liu purchased 11,600 shares of the company's stock in a transaction dated Tuesday, January 13th. The shares were bought at an average price of $337.07 per share, with a total value of $3,910,012.00. Following the completion of the transaction, the director directly owned 14,310 shares in the company, valued at $4,823,471.70. This trade represents a 428.04% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $277.09, for a total value of $4,156,350.00. Following the transaction, the executive vice president owned 165,618 shares in the company, valued at $45,891,091.62. This trade represents a 8.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders purchased 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. Insiders own 0.24% of the company's stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Wedbush raised its price target to $500 and reiterated an Outperform rating, citing stronger-than-expected memory pricing as the driver behind the upgrade. Micron Technology price target boosted on stronger-than-expected memory pricing
• Positive Sentiment: Analysts and reports say HBM capacity is effectively sold out for 2026 and DRAM/NAND pricing remains on a strong trajectory, supporting margin upside and near-term revenue visibility. Micron Technology: HBM Sold Out For 2026, Wall Street Is Still Underpricing
• Positive Sentiment: Street previews expect a “monster” Q2: consensus models show very large YoY revenue and EPS growth driven by AI memory demand and operating leverage, so investors are positioned for another beat. Micron Q2 Earnings Preview: Expect Another Monster Quarter
• Positive Sentiment: Multiple firms (Wolfe, Susquehanna and others) have raised targets (some as high as $500–$525), reinforcing momentum and giving investors fresh upside scenarios ahead of earnings. Micron (MU) Stock Surges as Wolfe Research Sets $500 Price Target Analysts Remain Positive on Micron Technology, Here’s Why?
• Neutral Sentiment: Several bullish write-ups highlight Micron’s valuation vs. peers (forward P/E and PEG), arguing the stock still looks cheap relative to growth — but those points are debateable and depend on how long pricing strength lasts. Micron: Dirt Cheap Before Earnings
• Neutral Sentiment: Market commentary stresses that Q3 guidance will be the key catalyst — strong quarter now is expected, but the company’s outlook and durability of pricing trends will determine whether the rally continues. Micron's stock is rising. Here's the big question heading into earnings.
• Negative Sentiment: Risks remain: memory is cyclical and investors warn of potential overinvestment by suppliers that could erode prices; recent short-term volatility and a pullback earlier this week show sentiment can reverse quickly if guidance disappoints. Micron (MU) Falls More Steeply Than Broader Market

Analysts Set New Price Targets

Several brokerages recently weighed in on MU. KeyCorp increased their price objective on shares of Micron Technology from $325.00 to $450.00 and gave the company an "overweight" rating in a report on Tuesday, January 13th. Itau BBA Securities reaffirmed an "outperform" rating on shares of Micron Technology in a report on Thursday, December 18th. Wolfe Research upped their target price on shares of Micron Technology from $300.00 to $350.00 and gave the company an "outperform" rating in a research report on Thursday, December 18th. The Goldman Sachs Group reissued a "neutral" rating and issued a $360.00 price target on shares of Micron Technology in a research note on Monday, March 2nd. Finally, JPMorgan Chase & Co. raised their price target on Micron Technology from $220.00 to $350.00 and gave the stock an "overweight" rating in a research report on Thursday, December 18th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $389.41.

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.

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.