Hollencrest Capital Management Lowers Stock Holdings in Micron Technology, Inc. $MU

Key Points

• Hollencrest Capital Management cut its Micron stake by 59.8% in the second quarter, selling 5,030 shares and retaining 3,388 shares. Institutional investors collectively own 80.84% of Micron.
• Micron insiders sold 177,204 shares worth approximately $182.2 million over the past 90 days, while insider ownership stands at just 0.24%.
• Wall Street remains bullish, with Micron holding an average “Buy” rating and a consensus price target of $1,295.63. Analysts cite strong AI-driven high-bandwidth memory demand and improving pricing, though potential oversupply and Chinese competition remain risks.

Hollencrest Capital Management lessened its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 59.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,388 shares of the semiconductor manufacturer's stock after selling 5,030 shares during the period. Hollencrest Capital Management's holdings in Micron Technology were worth $3,911,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MU. Ramsey Quantitative Systems acquired a new position in shares of Micron Technology in the second quarter valued at approximately $46,000. RHL Group LLC acquired a new stake in shares of Micron Technology during the second quarter worth $47,000. Philadelphia Investment Partners LLC acquired a new stake in shares of Micron Technology during the second quarter worth $54,000. Signature Resources Capital Management LLC grew its position in Micron Technology by 1,125.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 49 shares of the semiconductor manufacturer's stock valued at $57,000 after buying an additional 45 shares during the last quarter. Finally, Davis Capital Management increased its stake in Micron Technology by 510.0% in the 2nd quarter. Davis Capital Management now owns 61 shares of the semiconductor manufacturer's stock valued at $70,000 after buying an additional 51 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Lynn Dugle sold 1,300 shares of the business's stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the transaction, the director directly owned 17,728 shares of the company's stock, valued at $20,394,823.04. The trade was a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP April Arnzen sold 40,000 shares of the company's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the sale, the executive vice president owned 85,737 shares in the company, valued at $92,933,763.78. This represents a 31.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 177,204 shares of company stock valued at $182,156,264. Company insiders own 0.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MU. Mizuho cut their price objective on shares of Micron Technology from $1,375.00 to $1,300.00 and set an "outperform" rating for the company in a research report on Tuesday, August 25th. Raymond James Financial increased their price target on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. Susquehanna raised their price objective on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the company a "positive" rating in a research report on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 price objective on Micron Technology in a report on Monday, June 22nd. Finally, Rosenblatt Securities boosted their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Micron Technology currently has an average rating of "Buy" and an average target price of $1,295.63.

More Micron Technology News

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

• Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data
• Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk
• Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom
• Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000
• Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now
• Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat

Micron Technology Stock Down 1.6%

Shares of NASDAQ MU opened at $1,000.26 on Wednesday. The firm's 50-day moving average is $929.50 and its two-hundred day moving average is $745.20. The company has a market capitalization of $1.13 trillion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 0.64 and a beta of 2.22. Micron Technology, Inc. has a 12-month low of $131.56 and a 12-month high of $1,255.00. 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 (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the previous year, the firm posted $1.91 EPS. The company's quarterly revenue 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. Equities analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders 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 annualized dividend and a yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is presently 1.36%.

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron's products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.

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