Kintra Wealth LLC Has $2.42 Million Stake in Micron Technology, Inc. $MU

Key Points

• Kintra Wealth increased its Micron position by 161% in the second quarter, ending with 2,096 shares valued at approximately $2.42 million.
• Institutional investors own 80.84% of Micron, while analysts remain bullish: the stock has a consensus “Buy” rating and an average price target of $1,295.63.
• Micron reported earnings and revenue well above estimates, supported by strong AI and memory-chip demand; however, its elevated valuation, competitive risks and potential memory-price volatility could lead to increased downside if expectations are not met.

Kintra Wealth LLC increased its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 161.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,096 shares of the semiconductor manufacturer's stock after purchasing an additional 1,293 shares during the period. Kintra Wealth LLC's holdings in Micron Technology were worth $2,419,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MU. Andar Capital Management HK Ltd increased its holdings 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 worth $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Norges Bank bought a new position in shares of Micron Technology in the fourth quarter valued at approximately $6,433,456,000. Primecap Management Co. CA purchased a new position in shares of Micron Technology during the second quarter valued at approximately $22,182,263,000. Legal & General Group Plc purchased a new position in shares of Micron Technology during the second quarter valued at approximately $8,402,393,000. Finally, Situational Awareness LP grew its holdings in Micron Technology by 1,149.0% during the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer's stock worth $5,573,819,000 after buying an additional 5,289,124 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wedbush increased their price target on Micron Technology from $1,300.00 to $1,400.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. UBS Group reaffirmed a "buy" rating on shares of Micron Technology in a report on Monday, August 10th. TD Cowen reiterated a "buy" rating on shares of Micron Technology in a report on Friday, July 10th. Seaport Research Partners reissued a "buy" rating on shares of Micron Technology in a research report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $1,295.63.

Trending Headlines about Micron Technology

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

• Positive Sentiment: AI demand and supply constraints remain major tailwinds. Oracle’s strong cloud-infrastructure growth reinforced expectations for continued data-center AI spending, while limited DRAM and high-bandwidth memory supply could support Micron’s pricing and margins. Micron Stock Rises as This Key Number From Oracle Boosts AI Trade
• Positive Sentiment: Long-term customer agreements may reduce earnings volatility. Micron’s strategic contracts reportedly cover substantial memory volumes through 2030, with pricing protections that improve revenue visibility and could make the company less exposed to the traditional boom-and-bust memory cycle. Micron Bets on Long-Term SCA Deals
• Positive Sentiment: Analysts remain constructive ahead of fiscal fourth-quarter results. Bullish commentary points to persistent shortages, rising HBM4 demand and potentially strong revenue and gross-margin guidance at the September 30 earnings report. Micron’s Q4 Might Change the Game
• Neutral Sentiment: Employee rewards highlight both strong profitability and rising costs. Taiwan-based direct labor employees are slated to receive fiscal 2026 rewards equivalent to 35–68 months of pay. The payouts recognize exceptional results but may increase expense pressure, while unions representing about 10,000 workers continue to threaten industrial action. Micron’s Taiwan Workers to Get Rewards Worth Up to 68 Months of Pay
• Negative Sentiment: Valuation and execution expectations are unusually high. Despite record guidance and worsening shortages, investors appear concerned that much of the AI-memory upside is already reflected in MU’s valuation. Any moderation in memory pricing or results that merely meet expectations could trigger profit-taking. Micron’s 662% Rally Created a Problem Wall Street Cannot Ignore
• Negative Sentiment: Competitive and macroeconomic risks are weighing on sentiment. Intel-backed startup Kepler Computing is targeting the memory-chip market, raising concerns about future pricing power. Separately, higher oil prices, inflation worries and interest-rate pressure have hurt high-beta technology stocks. Micron Stock Slips as Intel-Backed Start-up Takes Aim at Memory-Chip Market

Micron Technology Price Performance

MU stock opened at $975.26 on Monday. The stock has a market cap of $1.10 trillion, a P/E ratio of 22.08, a P/E/G ratio of 0.62 and a beta of 2.22. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The stock's fifty day simple moving average is $929.44 and its two-hundred day simple moving average is $757.27. Micron Technology, Inc. has a 1-year low of $153.21 and a 1-year high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.39 by $3.72. The firm 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 business's revenue was up 345.8% compared to the same quarter last year. During the same period last year, the firm posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology's dividend payout ratio (DPR) is 1.36%.

Insiders Place Their Bets

In other news, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 85,737 shares in the company, valued at $92,933,763.78. This trade represents a 31.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. This trade represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, 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 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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