Micron Technology, Inc. $MU is Chapin Davis Inc.'s 5th Largest Position

Key Points

• Chapin Davis increased its Micron stake by 737.3% in the second quarter, making the semiconductor company its fifth-largest holding at approximately $20.7 million. Institutional investors collectively own 80.84% of Micron’s shares.
• Micron reported quarterly earnings and revenue well above analyst expectations, with revenue up 345.8% year over year. Strong guidance and sustained AI-related memory demand are supporting the company’s growth outlook.
• Analysts maintain a broadly bullish view, with a consensus “Buy” rating and a $1,268.93 price target, although insider selling, potential memory oversupply and elevated expectations continue to pose risks.

Chapin Davis Inc. boosted its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 737.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,943 shares of the semiconductor manufacturer's stock after acquiring an additional 15,800 shares during the period. Micron Technology accounts for approximately 3.6% of Chapin Davis Inc.'s holdings, making the stock its 5th biggest holding. Chapin Davis Inc.'s holdings in Micron Technology were worth $20,711,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Micron Technology by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock valued at $30,427,016,000 after buying an additional 1,954,644 shares during the last quarter. State Street Corp boosted its holdings in Micron Technology by 2.1% in the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer's stock worth $15,061,310,000 after acquiring an additional 1,090,644 shares in the last quarter. Norges Bank purchased a new stake in shares of Micron Technology in the fourth quarter worth $6,433,456,000. Morgan Stanley grew its stake in shares of Micron Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer's stock worth $4,679,771,000 after acquiring an additional 794,289 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Micron Technology by 1.9% during the fourth quarter. Northern Trust Corp now owns 10,654,349 shares of the semiconductor manufacturer's stock valued at $3,040,858,000 after acquiring an additional 194,550 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Up 0.1%

Shares of Micron Technology stock opened at $893.19 on Thursday. Micron Technology, Inc. has a twelve month low of $106.75 and a twelve month high of $1,255.00. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company's 50 day moving average is $977.73 and its 200 day moving average is $653.36. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of 20.22 and a beta of 2.18.

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

Micron Technology Announces Dividend

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

Insider Activity at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the transaction, the director owned 17,139 shares of the company's stock, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of the company's stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 164,179 shares of company stock valued at $169,385,921 in the last 90 days. 0.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MU has been the topic of a number of analyst reports. Raymond James Financial upped 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 research note on Thursday, June 25th. Barclays raised their price objective on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the company an "overweight" rating in a research note on Thursday, June 25th. The Goldman Sachs Group lifted their target price on shares of Micron Technology from $900.00 to $1,100.00 and gave the stock a "neutral" rating in a report on Thursday, June 25th. ThinkEquity reiterated a "buy" rating on shares of Micron Technology in a research note on Monday. Finally, Wells Fargo & Company increased their price target on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $1,268.93.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Elon Musk said memory-chip demand is growing much faster than global production, implying that elevated pricing could persist for years. The comments reinforced the outlook for Micron’s high-bandwidth memory and other AI-related products. Micron Retreats From Earlier Gains After Musk Flagged Surging Memory Prices
• Positive Sentiment: Samsung’s warning that memory shortages may worsen in 2027 and continue through 2028 strengthened expectations for a prolonged supply-constrained cycle. Micron’s sold-out 2026 HBM capacity and customer commitments further support revenue visibility. Micron Has More to Gain Than Nvidia Has to Lose From Samsung’s 2028 Warning
• Positive Sentiment: Bank of America reiterated its Buy rating and $1,550 price target, calling the recent pullback an enhanced buying opportunity. The firm said cloud and AI-infrastructure demand remains solid and Micron’s pricing power is intact. Micron Pullback Seen as Buying Opportunity Amid Solid End-Demand
• Positive Sentiment: Micron’s latest quarterly results showed record revenue of about $41.5 billion, sharply higher year over year, with earnings and revenue exceeding analyst estimates. Strong forward guidance and a robust semiconductor earnings season are providing additional support.
• Neutral Sentiment: A broader semiconductor rally tied to renewed AI optimism helped lift MU and other chip stocks, although gains faded as investors reassessed risk across high-growth technology shares. Semiconductor Rally Powers S&P 500 to Fresh Record High
• Negative Sentiment: Investors remain concerned that elevated expectations for AI spending could lead to oversupply, weaker pricing or a sharper memory-stock correction. Chinese competition and Micron’s substantial retreat from its recent peak add to volatility.
• Negative Sentiment: Michael Burry’s reported short position in MU and extensive insider selling are weighing on sentiment, even though these signals do not necessarily reflect the company’s operating outlook. Micron Technology Stock Opinions on AI Demand and Short Warnings

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.

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