Micron Technology, Inc. $MU Shares Sold by Cherokee Insurance Co

Key Points

• Cherokee Insurance Co. cut its Micron Technology stake by 50% in the second quarter, selling 1,800 shares and retaining 1,800 shares valued at approximately $2.08 million.
• Other institutional investors made modest purchases, but insiders sold 177,179 shares worth about $181.8 million over the past three months. Institutions own 80.84% of Micron, while insiders hold just 0.24%.
• Micron reported quarterly earnings and revenue well above analyst expectations, with revenue up 345.8% year over year. Analysts maintain a consensus “Buy” rating and an average price target of $1,261.26, although valuation, memory-price cyclicality and heavy investment spending remain risks.

Cherokee Insurance Co trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 50.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,800 shares of the semiconductor manufacturer's stock after selling 1,800 shares during the period. Cherokee Insurance Co's holdings in Micron Technology were worth $2,078,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MU. M.E. Allison & CO. Inc. increased its stake in Micron Technology by 0.8% during the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer's stock worth $1,528,000 after acquiring an additional 11 shares during the last quarter. Cherrydale Wealth Management LLC lifted its stake in shares of Micron Technology by 1.4% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer's stock valued at $1,122,000 after purchasing an additional 13 shares in the last quarter. Red Door Wealth Management LLC grew its holdings in shares of Micron Technology by 0.7% during the 2nd quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer's stock worth $2,209,000 after purchasing an additional 14 shares during the period. Signature Equity Partners LLC grew its holdings in shares of Micron Technology by 6.3% during the 1st quarter. Signature Equity Partners LLC now owns 253 shares of the semiconductor manufacturer's stock worth $86,000 after purchasing an additional 15 shares during the period. Finally, Madrona Financial Services LLC grew its holdings in shares of Micron Technology by 1.0% during the 2nd quarter. Madrona Financial Services LLC now owns 1,543 shares of the semiconductor manufacturer's stock worth $1,781,000 after purchasing an additional 16 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Micron Technology

In other Micron Technology news, 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 completion of the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of Micron Technology stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the sale, the director owned 17,728 shares in the company, valued at $20,394,823.04. This represents a 6.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 177,179 shares of company stock valued at $181,826,211 in the last three months. 0.24% of the stock is currently owned by company insiders.

Micron Technology Trading Down 0.8%

NASDAQ MU opened at $966.78 on Friday. The stock has a market cap of $1.09 trillion, a P/E ratio of 21.89 and a beta of 2.18. The company's fifty day simple moving average is $967.02 and its 200-day simple moving average is $696.28. The company has a current ratio of 3.42, a quick ratio of 2.98 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.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating 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 business had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. During the same period last year, the business earned $1.91 EPS. The business's 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 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. Investors of record on Monday, July 6th were paid a $0.15 dividend. The ex-dividend date was Monday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology's payout ratio is 1.36%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. The Goldman Sachs Group raised their price target on shares of Micron Technology from $900.00 to $1,100.00 and gave the company a "neutral" rating in a report on Thursday, June 25th. BMO Capital Markets started coverage on shares of Micron Technology in a research note on Friday. They set an "outperform" rating and a $1,300.00 price objective for the company. Cantor Fitzgerald reissued an "overweight" rating and issued a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday, June 25th. Melius Research began coverage on shares of Micron Technology in a research note on Monday, April 27th. They issued a "buy" rating and a $700.00 target price on the stock. Finally, New Street Research upgraded shares of Micron Technology from a "neutral" rating to a "buy" rating and set a $1,250.00 target price on the stock in a report on Friday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $1,261.26.

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

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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