Micron Technology, Inc. $MU is Clearline Capital LP's 3rd Largest Position

Key Points

• Clearline Capital LP cut its Micron stake by 28.8% in Q3 to 205,216 shares (worth ~$34.34M), leaving Micron as its 3rd-largest holding and 1.6% of the fund's portfolio.
• Analysts have been raising targets and ratings — consensus is a Buy with an average target of $389.41, and multiple firms have lifted targets into the roughly $450–$500 range.
• Micron's fundamentals and demand outlook are bullish: it posted a strong EPS beat ($4.78 vs. $3.77 est.) with revenue up 56.7% YoY, set aggressive Q2 2026 guidance, and faces robust AI memory demand (HBM reportedly sold out for 2026) supporting margin and revenue upside.

Clearline Capital LP decreased its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 28.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 205,216 shares of the semiconductor manufacturer's stock after selling 83,170 shares during the period. Micron Technology accounts for 1.6% of Clearline Capital LP's portfolio, making the stock its 3rd largest position. Clearline Capital LP's holdings in Micron Technology were worth $34,337,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Orleans Capital Management Corp LA purchased a new position in shares of Micron Technology in the 2nd quarter worth about $256,000. iA Global Asset Management Inc. grew its holdings in shares of Micron Technology by 18.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer's stock worth $24,578,000 after purchasing an additional 23,117 shares during the period. Cary Street Partners Financial LLC increased its position in Micron Technology by 25.0% during the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer's stock worth $3,221,000 after purchasing an additional 5,233 shares in the last quarter. Wealthspire Advisors LLC raised its holdings in Micron Technology by 27.8% in the second quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer's stock valued at $1,818,000 after buying an additional 3,208 shares during the period. Finally, Wealthfront Advisers LLC raised its holdings in Micron Technology by 9.8% in the third quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer's stock valued at $15,962,000 after buying an additional 8,489 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on MU. Needham & Company LLC boosted their price objective on shares of Micron Technology from $380.00 to $450.00 and gave the stock a "buy" rating in a research note on Tuesday, February 17th. UBS Group lifted their target price on shares of Micron Technology to $475.00 and gave the company a "buy" rating in a report on Monday, March 2nd. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $360.00 price target on shares of Micron Technology in a research report on Monday, March 2nd. HSBC raised their price objective on Micron Technology from $350.00 to $500.00 and gave the company a "buy" rating in a research report on Friday, January 23rd. Finally, Wolfe Research upped their target price on Micron Technology from $300.00 to $350.00 and gave the stock an "outperform" rating in a research report on Thursday, December 18th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $389.41.

Insider Activity at Micron Technology

In related news, Director Teyin M. Liu acquired 11,600 shares of Micron Technology stock in a transaction on Tuesday, January 13th. The shares were purchased at an average cost of $337.07 per share, for a total transaction of $3,910,012.00. Following the purchase, the director directly owned 14,310 shares of the company's stock, valued at $4,823,471.70. The trade was a 428.04% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven J. Gomo sold 5,000 shares of the firm's stock in a transaction on Friday, December 19th. The stock was sold at an average price of $263.63, for a total transaction of $1,318,150.00. Following the transaction, the director directly owned 19,139 shares of the company's stock, valued at approximately $5,045,614.57. This represents a 20.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders bought 23,200 shares of company stock worth $7,821,723 and sold 73,623 shares worth $27,307,408. Corporate insiders own 0.24% of the company's stock.

Key Headlines Impacting 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

Micron Technology Price Performance

MU opened at $426.13 on Friday. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $455.50. The firm has a market cap of $479.61 billion, a price-to-earnings ratio of 40.51 and a beta of 1.50. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $391.35 and a 200 day simple moving average of $272.75.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.77 by $1.01. The business had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The company's revenue for the quarter was up 56.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal 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 given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, December 29th. Micron Technology's dividend payout ratio is presently 4.37%.

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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