Micron Technology, Inc. $MU is Andar Capital Management HK Ltd's 2nd Largest Position

Key Points

• Andar Capital Management HK Ltd increased its Micron stake by 642.5% in the second quarter to 29,700 shares valued at $34.3 million, making Micron its second-largest holding and representing 15.4% of its portfolio.
• Micron reported a major quarterly beat, with $25.11 in earnings per share and $41.46 billion in revenue, up 345.8% year over year. The company also guided for fourth-quarter EPS of $30 to $32.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $1,295.63, although insiders sold $182.1 million of stock over the past quarter, including significant sales by the CEO and an executive vice president.

Andar Capital Management HK Ltd increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 642.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,700 shares of the semiconductor manufacturer's stock after purchasing an additional 25,700 shares during the quarter. Micron Technology accounts for about 15.4% of Andar Capital Management HK Ltd's investment portfolio, making the stock its 2nd largest holding. Andar Capital Management HK Ltd's holdings in Micron Technology were worth $34,282,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MU. High Note Wealth LLC increased its position in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after acquiring an additional 34 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Micron Technology in the 1st quarter valued at $27,000. Bayban acquired a new position in shares of Micron Technology during the 4th quarter valued at $29,000. Joseph Group Capital Management acquired a new position in shares of Micron Technology during the 4th quarter valued at $31,000. Finally, Luken Investment Analytics LLC purchased a new stake in Micron Technology during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the sale, the executive vice president directly owned 85,737 shares in the company, valued at $92,933,763.78. The trade was a 31.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 177,179 shares of company stock worth $182,127,955 over the last quarter. Corporate insiders own 0.24% of the company's stock.

Micron Technology Stock Performance

Shares of MU stock opened at $935.74 on Friday. 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 company's fifty day moving average price is $955.65 and its two-hundred day moving average price is $713.18. The firm has a market capitalization of $1.06 trillion, a P/E ratio of 21.18 and a beta of 2.18. Micron Technology, Inc. has a 12 month low of $114.25 and a 12 month 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 for the quarter, beating 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 company had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same period last year, the firm earned $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 anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were paid 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%.

Analyst Ratings Changes

MU has been the subject of several recent research reports. Erste Group Bank upgraded Micron Technology from a "hold" rating to a "buy" rating in a report on Thursday, June 25th. Susquehanna upped their target price on Micron Technology from $1,750.00 to $2,000.00 and gave the stock a "positive" rating in a research report on Thursday, June 25th. Seaport Research Partners reiterated a "buy" rating on shares of Micron Technology in a research note on Friday, August 14th. UBS Group reiterated a "buy" rating on shares of Micron Technology in a report on Monday, August 10th. Finally, Needham & Company LLC boosted their price target on Micron Technology from $1,550.00 to $1,650.00 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. According to MarketBeat.com, the company currently 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: Nvidia said memory availability has become a key constraint on AI expansion and indicated it is willing to pay higher prices. The comments support demand, pricing power and margins for Micron’s DRAM and high-bandwidth memory products. Nvidia’s reported memory-related purchase commitments reportedly more than doubled to $279 billion. Nvidia Says Memory Is a Key Constraint
• Positive Sentiment: President Donald Trump praised Micron’s planned $10 billion investment in U.S. research laboratories, saying it should strengthen America’s position in AI and advanced computing. The announcement reinforces potential strategic and government support for Micron’s domestic expansion. Trump Hails Micron’s U.S. Research Investment
• Positive Sentiment: Recent results remain a major fundamental support: Micron reported $41.46 billion in quarterly revenue and $25.11 in EPS, far exceeding estimates, with revenue up 345.8% year over year. Commentary also highlighted an 84.9% non-GAAP gross margin, surpassing Nvidia’s reported adjusted margin. Micron’s Gross Margin Beat Nvidia’s
• Neutral Sentiment: Micron appointed Manish Bhatia as president and chief operating officer and Scott DeBoer as president and chief technology and products officer. The changes are intended to improve execution during the AI memory expansion but are unlikely to materially alter near-term results. Micron will report fiscal fourth-quarter results on September 30. Micron Announces Leadership Appointments
• Negative Sentiment: Investors appear to be locking in gains after Micron’s powerful rally, while Nvidia’s disclosures raised concerns that memory scarcity could restrict AI hardware deliveries rather than simply boost Micron sales. Potential U.S. chip tariffs and a broader debate over interest rates add to uncertainty. Why Is Micron Stock Falling?
• Negative Sentiment: Competitive risks persist from Chinese memory producer YMTC, while Micron CEO Sanjay Mehrotra’s sale of 40,000 shares for approximately $38.8 million may weigh on sentiment, although insider sales do not necessarily indicate a change in business outlook. Micron CEO Share Sale

Micron Technology Company 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.

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