Micron Technology, Inc. $MU Position Lessened by Halter Ferguson Financial Inc.

Key Points

• Halter Ferguson Financial cut its Micron stake by 72% in the second quarter, selling 46,545 shares and retaining 18,140 shares valued at approximately $20.9 million.
• Micron reported strong quarterly results, with EPS of $25.11 versus $21.39 expected and revenue of $41.46 billion, up 345.8% year over year. Analysts maintain a broadly bullish view, with 32 Buy and three Strong Buy ratings.
• AI-driven memory demand remains a major growth catalyst: Micron plans to invest $10 billion in a Boise research facility and $50 billion in manufacturing expansion, though the spending may delay substantial share repurchases and increase execution demands.

Halter Ferguson Financial Inc. lowered its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 72.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,140 shares of the semiconductor manufacturer's stock after selling 46,545 shares during the period. Micron Technology comprises 3.4% of Halter Ferguson Financial Inc.'s portfolio, making the stock its 7th largest position. Halter Ferguson Financial Inc.'s holdings in Micron Technology were worth $20,939,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Micron Technology by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock worth $30,427,016,000 after buying an additional 1,954,644 shares in the last quarter. State Street Corp raised 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 valued at $15,061,310,000 after acquiring an additional 1,090,644 shares in the last quarter. Norges Bank acquired a new stake in Micron Technology in the fourth quarter valued at $6,433,456,000. Morgan Stanley boosted its stake in Micron Technology by 5.1% during the 4th quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer's stock valued at $4,679,771,000 after acquiring an additional 794,289 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Micron Technology by 1.9% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Activity

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the firm's stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the sale, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Sumit Sadana sold 15,000 shares of the business's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares of the company's stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 177,179 shares of company stock worth $181,826,211 over the last 90 days. Insiders own 0.24% of the company's stock.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $974.33 on Friday. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a fifty-two week low of $114.25 and a fifty-two week high of $1,255.00. The firm has a 50-day simple moving average of $967.32 and a 200 day simple moving average of $694.37. The company has a market cap of $1.10 trillion, a PE ratio of 22.06 and a beta of 2.18.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm had revenue of $41.46 billion for the quarter, compared to analysts' expectations of $35.91 billion. During the same quarter last year, the company posted $1.91 earnings per share. Micron Technology'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, sell-side analysts anticipate 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 given a dividend of $0.15 per share. The ex-dividend date was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology's payout ratio is currently 1.36%.

Analyst Ratings Changes

Several research firms have recently weighed in on MU. Bank of America boosted their target price on shares of Micron Technology from $950.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Melius Research began coverage on shares of Micron Technology in a research report on Monday, April 27th. They set a "buy" rating and a $700.00 price target on the stock. UBS Group reiterated a "buy" rating on shares of Micron Technology in a research note on Monday, August 10th. Raymond James Financial boosted their price objective on Micron Technology from $1,100.00 to $1,500.00 and gave the company an "outperform" rating in a report on Thursday, June 25th. Finally, DA Davidson upped their price objective on Micron Technology from $1,500.00 to $2,000.00 and gave the company a "buy" rating in a research note on Thursday, June 25th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Micron Technology presently has an average rating of "Buy" and an average target price of $1,259.97.

Micron Technology News Roundup

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

• Positive Sentiment: $10 billion AI research investment: Micron unveiled Micron Research Labs, a Boise-based facility backed by a planned $10 billion investment over the next decade. The lab will focus on memory technology, advanced packaging, computing systems and future semiconductor manufacturing, potentially strengthening Micron’s competitive position in AI memory. Micron Unveils Micron Research Labs
• Positive Sentiment: AI is changing memory demand: CEO Sanjay Mehrotra said AI has “totally changed” the traditionally cyclical memory industry because AI systems cannot function without memory. His comments reinforce the view that demand for high-bandwidth memory, server DRAM and data-center storage could remain structurally strong rather than follow the usual boom-and-bust pattern. Micron CEO on AI and the memory industry
• Positive Sentiment: Industry-wide support: SK hynix’s roughly $28.6 billion share repurchase and cancellation program lifted confidence across memory stocks. Investors interpreted the move as evidence of strong cash generation, tight high-end memory supply and management confidence in AI-related demand, with Micron benefiting in sympathy. SK hynix buyback supports memory stocks
• Neutral Sentiment: Large-scale expansion: Micron’s planned $50 billion Idaho manufacturing buildout is expected to create jobs and expand U.S. memory capacity, but it is also straining local infrastructure. The spending should support long-term growth while increasing execution and capital-allocation demands. Micron’s Boise expansion
• Negative Sentiment: No immediate buyback: Unlike some rivals, Micron is prioritizing investment and may have to wait before returning capital through substantial share repurchases, which could make the stock less attractive to investors seeking near-term shareholder distributions. Why Micron is not joining the memory buyback wave
• Negative Sentiment: Institutional selling and valuation risk: Stanley Druckenmiller’s Duquesne Family Office reportedly exited Micron during the second quarter, while recent commentary has warned that AI-related spending and memory pricing may still be cyclical. Micron’s sharp prior pullback also highlights the stock’s volatility and sensitivity to macroeconomic and semiconductor-sector sentiment.

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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