Micron Technology, Inc. $MU Shares Bought by Principal Financial Group Inc.

Key Points

• Principal Financial Group increased its Micron stake by 6.5% in the second quarter, purchasing 101,984 additional shares and bringing its holdings to 1.67 million shares worth about $1.93 billion. Institutional investors and hedge funds collectively own 80.84% of Micron.
• Micron reported strong quarterly results, with earnings of $25.11 per share and revenue of $41.46 billion, significantly exceeding analyst expectations. Revenue surged 345.8% year over year, and analysts expect full-year earnings of $72.93 per share.
• Analysts remain broadly bullish on MU, with a consensus “Buy” rating and an average price target of $1,261.26, although recent insider stock sales and valuation or memory-cycle concerns present potential risks.

Principal Financial Group Inc. boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,674,981 shares of the semiconductor manufacturer's stock after purchasing an additional 101,984 shares during the period. Micron Technology makes up approximately 0.9% of Principal Financial Group Inc.'s holdings, making the stock its 16th biggest position. Principal Financial Group Inc. owned about 0.15% of Micron Technology worth $1,933,414,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MU. Ramsey Quantitative Systems acquired a new stake in shares of Micron Technology during the second quarter worth $46,000. RHL Group LLC acquired a new stake in Micron Technology during the 2nd quarter worth about $47,000. Signature Resources Capital Management LLC lifted its stake in Micron Technology by 1,125.0% during the second quarter. Signature Resources Capital Management LLC now owns 49 shares of the semiconductor manufacturer's stock valued at $57,000 after buying an additional 45 shares in the last quarter. Davis Capital Management boosted its holdings in shares of Micron Technology by 510.0% in the second quarter. Davis Capital Management now owns 61 shares of the semiconductor manufacturer's stock worth $70,000 after buying an additional 51 shares during the period. Finally, Bellevue Asset Management LLC increased its position in shares of Micron Technology by 25.5% in the second quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer's stock worth $74,000 after acquiring an additional 13 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Price Performance

MU stock opened at $966.78 on Monday. The stock has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 21.89 and a beta of 2.19. 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 52-week low of $114.25 and a 52-week high of $1,255.00. The stock's fifty day simple moving average is $967.02 and its 200-day simple moving average is $698.10.

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

Micron Technology Announces Dividend

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

Insider Activity

In other news, CAO Scott R. Allen sold 879 shares of the business's stock in a transaction dated Thursday, July 23rd. The stock was 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 approximately $34,958,000. The trade was a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the sale, the executive vice president directly owned 85,737 shares of the company's stock, valued at $92,933,763.78. The trade was a 31.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 177,179 shares of company stock valued at $181,826,211 in the last ninety days. 0.24% of the stock is owned by company insiders.

Trending Headlines about Micron Technology

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

Analysts Set New Price Targets

Several brokerages recently commented on MU. Mizuho upped their price target on shares of Micron Technology from $1,150.00 to $1,375.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. Wedbush lifted their price target on Micron Technology from $1,300.00 to $1,400.00 and gave the company an "outperform" rating in a report on Thursday, June 25th. Cantor Fitzgerald restated an "overweight" rating and set a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday, June 25th. TD Cowen reiterated a "buy" rating on shares of Micron Technology in a report on Friday, July 10th. Finally, Needham & Company LLC raised their price target on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a "buy" rating in a report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $1,261.26.

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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