Micron Technology, Inc. $MU Shares Acquired by Verus Capital Partners LLC

Key Points

• Verus Capital Partners increased its Micron position by 1,375.1% in the first quarter, ending with 85,438 shares valued at $28.9 million. Institutional investors collectively own 80.84% of Micron.
• Micron reported a strong quarter, with EPS of $25.11 versus the $21.39 estimate and revenue of $41.46 billion, up 345.8% year over year. Analysts remain bullish, with a consensus “Buy” rating and an average price target of $1,268.93.
• Risks include elevated volatility and insider selling: executives sold $169.4 million of stock over the past 90 days, while profit-taking, leveraged-fund liquidations and bearish bets have added near-term pressure.

Verus Capital Partners LLC raised its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 1,375.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,438 shares of the semiconductor manufacturer's stock after buying an additional 79,646 shares during the quarter. Micron Technology accounts for 2.0% of Verus Capital Partners LLC's holdings, making the stock its 9th biggest holding. Verus Capital Partners LLC's holdings in Micron Technology were worth $28,864,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new position in Micron Technology during the first quarter worth about $27,000. High Note Wealth LLC increased its holdings in shares of Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 34 shares during the period. Steigerwald Gordon & Koch Inc. increased its holdings in shares of Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 96 shares during the period. Bayban acquired a new stake in shares of Micron Technology in the fourth quarter valued at approximately $29,000. Finally, Financial Life Planners bought a new stake in shares of Micron Technology in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Activity at Micron Technology

In related news, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the transaction, the director owned 17,728 shares of the company's stock, valued at $20,394,823.04. This represents a 6.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott R. Allen sold 879 shares of the firm'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 transaction of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 164,179 shares of company stock worth $169,385,921 in the last ninety days. Insiders own 0.24% of the company's stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Memory shortage outlook remains supportive: Apple CEO Tim Cook said memory costs rose significantly in the latest quarter and are likely to remain elevated, while Samsung indicated supply constraints could persist through 2028. These comments reinforce expectations for strong pricing and demand for Micron’s DRAM and high-bandwidth memory products. Why Micron Stock Is Rising on What Apple's Tim Cook Didn't Say
• Positive Sentiment: Sector fund flows and AI spending provide support: Semiconductor ETFs attracted substantial new money this week as investors responded to strong technology earnings. Separate analyst commentary continues to point to more than $750 billion in planned 2026 Big Tech AI spending, supporting long-term demand for Micron’s AI memory products. Semiconductor ETFs Draw Cash This Week as Chip Stocks Rally
• Positive Sentiment: Fundamentals and valuation remain bullish arguments: Micron recently reported much better-than-expected quarterly earnings and revenue, with revenue up more than 345% year over year. Analysts cited strong free cash flow, strategic customer agreements and AI-driven demand, with reported price targets substantially above the current trading level.
• Neutral Sentiment: Technical trading is highly volatile: MU rebounded from a key support area and generated a bullish trading signal, but significant overhead resistance remains. Large intraday swings and elevated options activity are making short-term direction difficult to predict. Micron stock rebounds off key support, but technical overhead persists
• Negative Sentiment: Near-term selling pressure weighs on the shares: Reports attributed the latest weakness to semiconductor-sector profit-taking, leveraged-fund liquidations and updated short positions. A prominent bearish investor, Michael Burry, also disclosed expanded bets against Micron and other chip stocks, adding to negative sentiment. Why Is Micron Stock Falling on Friday?
• Negative Sentiment: Insider selling is another overhang: Recent disclosures show extensive sales by Micron executives, including CEO Sanjay Mehrotra, with no reported insider purchases in the cited six-month period. While these transactions may be scheduled, investors may interpret them as a short-term confidence signal.

Micron Technology Price Performance

Shares of MU stock opened at $823.03 on Friday. The business has a fifty day simple moving average of $976.92 and a 200 day simple moving average of $639.97. The company has a market cap of $929.52 billion, a P/E ratio of 18.63 and a beta of 2.14. 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 twelve month low of $103.38 and a twelve month high of $1,255.00.

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

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were issued a dividend of $0.15 per share. 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 1.36%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada increased their price target on Micron Technology from $1,200.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. Morgan Stanley upped their target price on Micron Technology from $1,050.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Thursday, June 25th. Wedbush increased their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft increased their target price on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a "buy" rating in a report on Thursday, June 25th. Finally, Susquehanna raised their price target 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. Four research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $1,268.93.

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.

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