Micron Technology, Inc. $MU Shares Bought by iA Global Asset Management Inc.

Key Points

• iA Global Asset Management increased its Micron Technology stake by 22% in the first quarter, buying 36,612 more shares and bringing its total holdings to 203,167 shares valued at about $68.6 million.
• Micron’s latest earnings beat expectations sharply, with quarterly EPS of $25.11 versus $21.39 expected and revenue of $41.46 billion versus $35.91 billion, while guidance points to continued strength ahead.
• Analyst sentiment remains bullish overall, with multiple firms raising price targets and MarketBeat showing a consensus rating of Buy; however, insider selling and a class-action price-fixing lawsuit create some headline risk.

iA Global Asset Management Inc. raised its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 22.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 203,167 shares of the semiconductor manufacturer's stock after purchasing an additional 36,612 shares during the quarter. Micron Technology accounts for 1.0% of iA Global Asset Management Inc.'s holdings, making the stock its 25th largest holding. iA Global Asset Management Inc.'s holdings in Micron Technology were worth $68,638,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Capital Advisors Ltd. LLC raised its holdings in Micron Technology by 10.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 247 shares of the semiconductor manufacturer's stock valued at $83,000 after buying an additional 23 shares during the period. Manning & Napier Advisors LLC boosted its stake in Micron Technology by 2.4% during the fourth quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer's stock worth $301,000 after buying an additional 24 shares during the period. Essex Bank boosted its stake in Micron Technology by 2.0% during the first quarter. Essex Bank now owns 1,252 shares of the semiconductor manufacturer's stock worth $423,000 after buying an additional 24 shares during the period. SWAN Capital LLC increased its position in shares of Micron Technology by 9.7% during the fourth quarter. SWAN Capital LLC now owns 271 shares of the semiconductor manufacturer's stock valued at $77,000 after acquiring an additional 24 shares during the last quarter. Finally, Vivaldi Capital Management LP increased its position in shares of Micron Technology by 1.2% during the fourth quarter. Vivaldi Capital Management LP now owns 1,964 shares of the semiconductor manufacturer's stock valued at $561,000 after acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

More Micron Technology News

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

• Positive Sentiment: Analysts and writers say Micron’s strategic customer agreements, long-term supply deals, and AI-related memory demand are reducing cyclicality and supporting higher earnings visibility. Micron: This Cycle Is Different
• Positive Sentiment: Recent coverage highlighted Micron’s record quarter, with revenue and EPS far above expectations and guidance that points to continued strength in DRAM and NAND pricing. What's Next for Micron Stock After Best Ever Quarter
• Positive Sentiment: Wall Street sentiment remains upbeat, with multiple bullish notes and higher price targets as analysts see continued upside from AI capex and tighter memory supply. Surging Earnings Estimates Signal Upside for Micron (MU) Stock
• Neutral Sentiment: Micron announced a $250 million investment in “Trump Accounts” for children and families, which is mainly a corporate philanthropy and workforce-development story rather than a direct operating catalyst. Micron Announces $250 Million Investment in Trump Accounts Reaching 1 Million Children, Families and the Future Workforce
• Negative Sentiment: A class-action lawsuit alleging DRAM price-fixing among Micron, Samsung, and SK Hynix is creating headline risk, even though many investors view the claims as tied to normal supply-demand dynamics. Micron and Other Memory Makers Are Being Sued Over Price Fixing Claims. This Is Nothing More Than Headline Risk for MU Stock.
• Negative Sentiment: Some traders are warning that after Micron’s huge year-to-date rally, the stock may be vulnerable to a pullback if AI enthusiasm cools or if supply growth catches up. Why Micron Technology's Stock Could Fall After July 10

Micron Technology Trading Up 0.8%

Shares of MU stock opened at $1,154.29 on Wednesday. Micron Technology, Inc. has a fifty-two week low of $103.38 and a fifty-two week high of $1,255.00. The company has a 50 day moving average price of $844.97 and a 200 day moving average price of $539.17. The stock has a market capitalization of $1.30 trillion, a P/E ratio of 26.13 and a beta of 2.16. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42.

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, 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 company had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. During the same period in the prior year, the business earned $1.91 EPS. The firm's quarterly 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. Equities research analysts predict that Micron Technology, Inc. will post 71.74 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, July 6th. Micron Technology's dividend payout ratio (DPR) is presently 1.36%.

Insider Activity

In related news, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction on 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 completion of the transaction, the director directly owned 17,139 shares in the company, valued at approximately $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 28,506 shares of the business's stock in a transaction on Friday, June 26th. The stock was sold at an average price of $1,149.28, for a total value of $32,761,375.68. Following the transaction, the chief executive officer directly owned 355,997 shares of the company's stock, valued at $409,140,232.16. The trade was a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 146,000 shares of company stock worth $117,926,445. Corporate insiders own 0.24% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. UBS Group upped their price objective on shares of Micron Technology from $535.00 to $1,625.00 and gave the stock a "buy" rating in a report on Tuesday, May 26th. Wolfe Research set a $1,500.00 target price on shares of Micron Technology in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the company a "buy" rating in a report on Thursday, June 25th. Summit Insights cut Micron Technology from a "buy" rating to a "hold" rating in a research note on Thursday, March 19th. Finally, Morgan Stanley raised their price target on Micron Technology from $1,050.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Thursday, June 25th. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $1,263.76.

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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