Micron Technology, Inc. $MU Shares Bought by National Pension Service

Key Points

• National Pension Service increased its Micron stake by 0.4% in the second quarter, owning 2.89 million shares valued at approximately $3.33 billion. Institutional investors collectively hold 80.84% of Micron’s stock.
• Analysts maintain a generally bullish view, with Micron receiving an average “Buy” rating and a consensus price target of $1,295.63, despite some firms lowering targets or downgrading the stock.
• Micron’s latest quarterly results exceeded expectations, with earnings of $25.11 per share and revenue of $41.46 billion, representing 345.8% year-over-year revenue growth. The company also declared a quarterly dividend of $0.15 per share.

National Pension Service boosted its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,886,160 shares of the semiconductor manufacturer's stock after purchasing an additional 10,108 shares during the period. Micron Technology makes up about 2.2% of National Pension Service's portfolio, making the stock its 9th biggest position. National Pension Service owned approximately 0.26% of Micron Technology worth $3,331,466,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of MU. Cidel Asset Management Inc. increased its stake in Micron Technology by 4.0% during the 2nd quarter. Cidel Asset Management Inc. now owns 20,468 shares of the semiconductor manufacturer's stock valued at $23,626,000 after purchasing an additional 778 shares in the last quarter. Capital Analysts LLC lifted its stake in shares of Micron Technology by 73.2% during the second quarter. Capital Analysts LLC now owns 1,157 shares of the semiconductor manufacturer's stock worth $1,335,000 after buying an additional 489 shares during the period. SVB Wealth LLC grew its holdings in shares of Micron Technology by 83.7% during the second quarter. SVB Wealth LLC now owns 5,842 shares of the semiconductor manufacturer's stock valued at $6,744,000 after buying an additional 2,662 shares during the last quarter. Insight Wealth Partners LLC purchased a new stake in shares of Micron Technology during the second quarter valued at $358,000. Finally, Concorde Asset Management LLC acquired a new position in shares of Micron Technology in the 2nd quarter valued at $356,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MU. Deutsche Bank Aktiengesellschaft raised their target price on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a "buy" rating in a research note on Thursday, June 25th. ThinkEquity reiterated a "buy" rating on shares of Micron Technology in a research note on Monday, August 3rd. Citigroup cut their price objective on Micron Technology from $1,400.00 to $1,150.00 and set a "buy" rating on the stock in a report on Friday, August 7th. The Goldman Sachs Group raised their price objective on Micron Technology from $900.00 to $1,100.00 and gave the stock a "neutral" rating in a research note on Thursday, June 25th. Finally, Zacks Research downgraded Micron Technology from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 19th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Micron Technology currently has an average rating of "Buy" and a consensus price target of $1,295.63.

Micron Technology Price Performance

NASDAQ:MU opened at $927.60 on Wednesday. Micron Technology, Inc. has a one year low of $154.65 and a one year high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The firm has a market cap of $1.05 trillion, a price-to-earnings ratio of 21.00, a PEG ratio of 0.58 and a beta of 2.22. The firm's fifty day moving average is $928.01 and its two-hundred day moving average is $764.35.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. The company had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm's revenue for the quarter was up 345.8% compared to the same quarter last year. During the same period last year, the firm earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently announced 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. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology's dividend payout ratio (DPR) is 1.36%.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron demonstrated what it describes as the world’s first 512GB DDR5 RDIMM across multiple server platforms. The module reaches speeds of up to 9,200 MT/s and uses more than 60% less operating power than four 128GB modules, strengthening Micron’s position in data-center memory and AI infrastructure. Micron ultra-dense memory module announcement
• Positive Sentiment: Strong AI-related memory demand remains the core bullish argument. Analysts and industry commentary point to tight DRAM supply, high-bandwidth memory demand, planned capacity expansion and potentially extended shortages, supporting Micron’s revenue and pricing outlook. Micron AI memory cycle analysis
• Positive Sentiment: Micron appointed semiconductor veteran Deirdre Hanford to lead Micron Research Labs. The facility is backed by a planned $10 billion, decade-long investment focused on memory, compute architectures, advanced packaging and manufacturing, potentially supporting longer-term technology leadership. Micron Research Labs leadership announcement
• Neutral Sentiment: Commentary remains bullish, with some analysts and Jim Cramer supporting substantially higher price targets. However, these opinions are not new company guidance and depend on continued AI spending, strong memory pricing and successful execution. Jim Cramer Micron thesis
• Negative Sentiment: A Taiwan union representing Micron workers is keeping strike preparations alive while demanding a permanent profit-sharing arrangement. A labor disruption at a major manufacturing hub could create production delays, higher costs or additional uncertainty during a supply-constrained period. Reuters report on Micron Taiwan labor dispute
• Negative Sentiment: Recent warnings from AI leaders calling for slower development triggered a broader technology selloff and renewed questions about future hyperscaler spending. Although infrastructure demand may remain intact, any reduction in AI capital expenditures would threaten Micron’s high-growth memory outlook and elevated valuation. AI concerns affecting semiconductor stocks

Insider Activity at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the company's stock in a transaction that occurred 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 owned 34,958 shares in the company, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Sumit Sadana sold 15,000 shares of the firm's stock in a transaction that occurred on 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 sale, 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 position. The SEC filing for this sale provides additional information. Insiders sold 177,204 shares of company stock valued at $182,156,264 in the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron's products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.

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.