Micron Technology, Inc. $MU Position Reduced by New Paradigm Capital Management LLC

Key Points

• New Paradigm Capital Management cut its Micron stake by 95.2% in the second quarter, selling 10,000 shares and retaining 500 shares worth approximately $577,000. Institutional investors and hedge funds collectively own 80.84% of Micron.
• Micron reported strong quarterly results, with revenue up 345.8% year over year to $41.46 billion and EPS of $25.11, beating analyst expectations. The company also announced a planned $10 billion, decade-long investment in research focused on memory, advanced packaging and AI infrastructure.
• Analysts remain broadly bullish, with Micron holding an average “Buy” rating and a $1,261.26 target price, but valuation, memory cyclicality, rising yields and insider selling remain key risks.

New Paradigm Capital Management LLC lessened its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 95.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 500 shares of the semiconductor manufacturer's stock after selling 10,000 shares during the period. Micron Technology makes up 1.2% of New Paradigm Capital Management LLC's holdings, making the stock its 14th largest position. New Paradigm Capital Management LLC's holdings in Micron Technology were worth $577,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Investment Research Partners LLC lifted its position in shares of Micron Technology by 14.3% during the 2nd quarter. Investment Research Partners LLC now owns 1,296 shares of the semiconductor manufacturer's stock valued at $1,496,000 after acquiring an additional 162 shares during the last quarter. Invested Advisors acquired a new stake in shares of Micron Technology in the second quarter worth $248,000. Summit Wealth Group LLC grew its holdings in shares of Micron Technology by 30.4% during the second quarter. Summit Wealth Group LLC now owns 4,079 shares of the semiconductor manufacturer's stock valued at $4,708,000 after buying an additional 952 shares in the last quarter. 71 West Capital Partners grew its holdings in shares of Micron Technology by 60.2% during the second quarter. 71 West Capital Partners now owns 5,980 shares of the semiconductor manufacturer's stock valued at $6,903,000 after buying an additional 2,247 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its position in Micron Technology by 32.1% during the second quarter. Checchi Capital Advisers LLC now owns 7,032 shares of the semiconductor manufacturer's stock valued at $8,117,000 after buying an additional 1,708 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology News Roundup

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

• Positive Sentiment: $10 billion research commitment: Micron unveiled Micron Research Labs in Boise, backed by a planned $10 billion investment over the next decade. The facility will focus on memory, advanced packaging, computing systems and future semiconductor manufacturing, potentially strengthening Micron’s position in AI infrastructure. Micron Research Labs announcement
• Positive Sentiment: Strong AI demand outlook: CEO Sanjay Mehrotra said AI has fundamentally changed the traditional boom-and-bust memory cycle and that AI systems cannot scale without memory. Tight supply and demand for high-bandwidth memory, server DRAM and data-center products remain key bullish catalysts. Micron CEO AI demand comments
• Positive Sentiment: Upbeat analyst coverage: BMO Capital Markets initiated coverage with an “outperform” rating and a $1,300 price target. Separately, D.A. Davidson analyst Gil Luria reportedly raised his target to $2,000, keeping a Buy rating. These forecasts suggest analysts expect AI-driven memory pricing and earnings to support further gains. Micron price target commentary
• Positive Sentiment: Positive sector momentum: Strong demand and SK hynix’s $28.6 billion buyback are supporting confidence across memory stocks. Investors are also watching Nvidia’s upcoming earnings for evidence that AI infrastructure spending remains robust. Nvidia and Micron AI outlook
• Neutral Sentiment: Long-term expansion versus execution risk: Micron’s broader $50 billion Idaho manufacturing buildout should increase U.S. capacity and support future growth, but the scale of the spending raises capital-allocation, construction and execution risks.
• Negative Sentiment: Valuation and cyclicality concerns: Commentary warns that Micron’s record revenue has been driven primarily by higher memory prices rather than substantial shipment growth. Bears argue that memory remains cyclical and that AI optimism may already be reflected in the stock’s substantial prior rally. Micron memory price analysis
• Negative Sentiment: Market and analyst pressure: Rising Treasury yields have weighed on growth stocks, while Zacks Research downgraded Micron from “strong buy” to “hold.” Michael Burry’s warning that AI infrastructure may contain excessive leverage adds to broader sector risk.
• Negative Sentiment: Insider and institutional selling: EVP Sumit Sadana sold 15,000 shares for approximately $14 million, and Stanley Druckenmiller’s fund reportedly exited Micron during the second quarter. Neither transaction necessarily signals deteriorating fundamentals, but both can reinforce profit-taking concerns after the sharp advance. Micron insider sale
• Negative Sentiment: No near-term buyback: Micron is prioritizing large investments and cannot immediately match rivals’ aggressive repurchases, reducing a potential source of near-term shareholder support. Micron buyback analysis

Micron Technology Stock Performance

MU opened at $966.78 on Monday. 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 stock's 50 day moving average price is $967.02 and its two-hundred day moving average price is $698.10. The firm has a market capitalization of $1.09 trillion, a P/E ratio of 21.89 and a beta of 2.19. 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 issued its quarterly 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. 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 analyst estimates of $35.91 billion. During the same period in the previous year, the company earned $1.91 earnings per share. The company's quarterly revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MU. Wells Fargo & Company increased their price objective on Micron Technology from $1,220.00 to $1,525.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. New Street Research raised Micron Technology from a "neutral" rating to a "buy" rating and set a $1,250.00 target price on the stock in a research note on Friday, August 14th. Weiss Ratings reiterated a "buy (b)" rating on shares of Micron Technology in a report on Friday, August 7th. Barclays increased their price target on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an "overweight" rating in a research report on Thursday, June 25th. Finally, Susquehanna raised their price target on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the stock a "positive" rating in a report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Micron Technology currently has an average rating of "Buy" and an average target price of $1,261.26.

Insider Buying and Selling at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Scott R. Allen sold 879 shares of the company's stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer directly owned 34,958 shares of the company's stock, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 177,179 shares of company stock valued at $181,826,211 in the last three months. Company insiders own 0.24% of the company's stock.

About Micron Technology

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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