Micron Technology, Inc. $MU Shares Sold by BayBridge Capital Group LLC

Key Points

• BayBridge Capital Group cut its Micron position by 56.8% in the second quarter, selling 1,122 shares and retaining 853 shares valued at approximately $985,000. Institutional investors and hedge funds collectively own 80.84% of Micron.
• Analysts remain broadly bullish: Micron has a consensus “Buy” rating and an average price target of $1,259.97. Recent optimism is tied to tightening DRAM and NAND prices, strong AI-driven data-center demand, and better-than-expected earnings and revenue.
• Risks include rising Chinese competition and execution delays. YMTC has surpassed Micron in NAND shipments, while Micron’s $9.3 billion fabrication plant is not expected to begin production until 2028; insiders also sold more than $167 million of shares over the last quarter.

BayBridge Capital Group LLC trimmed its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 56.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 853 shares of the semiconductor manufacturer's stock after selling 1,122 shares during the quarter. BayBridge Capital Group LLC's holdings in Micron Technology were worth $985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cardinal Point Capital Management ULC increased its position in Micron Technology by 2.3% in the second quarter. Cardinal Point Capital Management ULC now owns 2,188 shares of the semiconductor manufacturer's stock worth $2,525,000 after buying an additional 49 shares during the period. Goelzer Investment Management Inc. acquired a new position in shares of Micron Technology during the second quarter valued at $1,226,000. Burney Co. boosted its holdings in shares of Micron Technology by 166.3% during the second quarter. Burney Co. now owns 19,104 shares of the semiconductor manufacturer's stock valued at $22,051,000 after acquiring an additional 11,930 shares during the period. Accurate Wealth Management LLC grew its position in shares of Micron Technology by 98.0% during the second quarter. Accurate Wealth Management LLC now owns 7,452 shares of the semiconductor manufacturer's stock worth $8,602,000 after acquiring an additional 3,688 shares during the last quarter. Finally, XY Planning Network Inc. bought a new position in shares of Micron Technology during the second quarter worth about $683,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Micron Technology

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

• Positive Sentiment: New Street upgraded Micron to “Buy” from “Neutral” and set a $1,250 price target, citing the possibility that AI is making memory demand less cyclical. The firm projects a potential $2 trillion-$3 trillion valuation for Micron by the end of the decade. Micron Upgraded to Buy on the Claim Memory Stopped Being Cyclical
• Positive Sentiment: DRAM and NAND prices are tightening again, potentially increasing the earnings impact of Micron’s rapidly expanding data-center business. Analysts are continuing to raise revenue estimates and price targets as AI infrastructure spending supports demand for high-bandwidth memory and storage. Micron Stock Jumps as Memory Pricing Tightens Again
• Positive Sentiment: Micron launched a $250 million Micron Ventures Paradigm Fund to invest across the AI technology stack, including model development, computing infrastructure, enterprise applications and physical AI. The initiative could strengthen partnerships and give Micron earlier insight into future memory and storage requirements. Micron Ventures Launches $250 Million Fund
• Neutral Sentiment: Broader semiconductor strength, record U.S. equity benchmarks and easing rate-hike expectations are supporting risk appetite for memory stocks. Technical analysts also identify approximately $1,012 as an important near-term resistance level. Micron Price Forecast
• Negative Sentiment: Risks remain from rising Chinese competition and execution timing. YMTC has surpassed Micron in NAND shipments, while Micron’s new $9.3 billion fabrication plant is not expected to produce chips until 2028. Michael Burry has also increased bearish positions involving Micron, underscoring concerns about valuation, supply growth and a possible return of memory-cycle volatility.

Analyst Ratings Changes

Several research analysts have commented on MU shares. Needham & Company LLC upped their target price on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a "buy" rating in a research report on Thursday, June 25th. Melius Research began coverage on Micron Technology in a research report on Monday, April 27th. They set a "buy" rating and a $700.00 price objective for the company. Royal Bank Of Canada increased their price objective on Micron Technology from $1,200.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. DA Davidson raised their target price on Micron Technology from $1,500.00 to $2,000.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Micron Technology in a research note on Friday, July 10th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Micron Technology has a consensus rating of "Buy" and an average price target of $1,259.97.

Micron Technology Price Performance

NASDAQ MU opened at $971.66 on Friday. Micron Technology, Inc. has a 12 month low of $113.46 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. The firm has a market capitalization of $1.10 trillion, a PE ratio of 22.00 and a beta of 2.18. The company's 50 day simple moving average is $965.49 and its 200 day simple moving average is $677.08.

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 for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $35.91 billion. During the same period in the prior year, the firm posted $1.91 earnings per share. The firm's revenue for the quarter was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts forecast that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology's payout ratio is presently 1.36%.

Insider Buying and Selling 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 transaction of $1,495,559.00. Following the completion of the sale, the director directly owned 17,728 shares of the company's stock, valued at $20,394,823.04. This represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott R. Allen sold 879 shares of the firm'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 transaction of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares of the company's stock, valued at $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 162,179 shares of company stock valued at $167,811,861 over the last quarter. Company insiders own 0.24% of the company's stock.

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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