Micron Technology, Inc. $MU Shares Bought by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors increased its Micron stake by 13.3% in the second quarter, bringing its holdings to 58,236 shares valued at approximately $67.2 million. Institutional investors collectively own 80.84% of Micron’s outstanding stock.
• Wall Street remains broadly bullish: Micron has an average “Buy” rating and a consensus price target of $1,295.63, supported by 35 Buy or Strong Buy ratings versus three Holds.
• Micron’s latest quarter significantly exceeded expectations, with EPS of $25.11 and revenue of $41.46 billion, up 345.8% year over year. However, insiders sold roughly $182.2 million of stock over the past 90 days, while the company’s quarterly dividend remains $0.15 per share.

Sequoia Financial Advisors LLC grew its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 13.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,236 shares of the semiconductor manufacturer's stock after purchasing an additional 6,842 shares during the period. Sequoia Financial Advisors LLC's holdings in Micron Technology were worth $67,222,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MU. Van Hulzen Asset Management LLC acquired a new position in shares of Micron Technology in the second quarter worth about $320,000. MCF Advisors LLC grew its position in shares of Micron Technology by 82.3% during the 2nd quarter. MCF Advisors LLC now owns 2,838 shares of the semiconductor manufacturer's stock valued at $3,276,000 after acquiring an additional 1,281 shares during the period. Arlington Capital Management Inc. purchased a new position in shares of Micron Technology in the 2nd quarter valued at about $276,000. Gemmer Asset Management LLC increased its stake in shares of Micron Technology by 0.3% in the 2nd quarter. Gemmer Asset Management LLC now owns 86,773 shares of the semiconductor manufacturer's stock valued at $100,161,000 after purchasing an additional 219 shares in the last quarter. Finally, National Pension Service raised its holdings in Micron Technology by 0.4% in the 2nd quarter. National Pension Service now owns 2,886,160 shares of the semiconductor manufacturer's stock worth $3,331,466,000 after purchasing an additional 10,108 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Activity

In related news, EVP April Arnzen sold 40,000 shares of the business's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the transaction, the executive vice president directly owned 85,737 shares in the company, valued at approximately $92,933,763.78. The trade was a 31.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Scott Allen sold 879 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer directly owned 34,958 shares of the company's stock, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 177,204 shares of company stock valued at $182,156,264 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MU shares. KeyCorp reiterated an "overweight" rating on shares of Micron Technology in a research report on Monday, July 20th. Needham & Company LLC upped their target price on Micron Technology from $1,550.00 to $1,650.00 and gave the stock a "buy" rating in a research note on Thursday, June 25th. Citigroup decreased their target price on Micron Technology from $1,400.00 to $1,150.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Cantor Fitzgerald reissued an "overweight" rating and issued a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 25th. Finally, BMO Capital Markets started coverage on shares of Micron Technology in a report on Friday, August 21st. They issued an "outperform" rating and a $1,300.00 price target for the company. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $1,295.63.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $927.60 on Wednesday. The stock has a market capitalization of $1.05 trillion, a P/E ratio of 21.00, a PEG ratio of 0.58 and a beta of 2.22. The business has a 50 day simple moving average of $928.01 and a two-hundred day simple moving average of $764.35. Micron Technology, Inc. has a 12 month low of $154.65 and a 12 month high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98.

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 the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm had revenue of $41.46 billion during the quarter, compared to analysts' expectations of $35.91 billion. During the same period in the previous year, the business earned $1.91 earnings per share. The firm's revenue for the quarter was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Key Stories 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

Micron Technology Company 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.

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