Micron Technology, Inc. $MU Shares Sold by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp reduced its Micron stake by 5.1% in the second quarter, selling 16,020 shares and retaining 298,637 shares valued at approximately $344.7 million. Institutional investors and hedge funds collectively own 80.84% of Micron.
• Micron’s outlook is supported by strong AI-memory demand, with the CEO saying supply may not catch up until 2028 and the company investing $10 billion in next-generation memory research. However, potential Chinese competition, Apple sourcing memory from China, and broad insider selling are weighing on sentiment.
• Analysts maintain a broadly positive view, with a consensus “Buy” rating and a $1,261.26 price target, despite shares opening at $910.43 after a 5.8% decline. Micron recently exceeded quarterly earnings and revenue expectations, reporting $25.11 in EPS and $41.46 billion in revenue.

Fifth Third Bancorp lessened its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 298,637 shares of the semiconductor manufacturer's stock after selling 16,020 shares during the quarter. Fifth Third Bancorp's holdings in Micron Technology were worth $344,713,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MU. Brighton Jones LLC grew its position in shares of Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock valued at $532,000 after buying an additional 976 shares during the last quarter. Sivia Capital Partners LLC lifted its position in Micron Technology by 21.7% in the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer's stock valued at $435,000 after acquiring an additional 628 shares during the last quarter. United Bank purchased a new stake in Micron Technology in the second quarter valued at $236,000. Schnieders Capital Management LLC. boosted its stake in Micron Technology by 67.9% in the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer's stock valued at $2,093,000 after acquiring an additional 6,867 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Micron Technology by 5.6% in the second quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer's stock valued at $49,987,000 after acquiring an additional 21,619 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Transactions at Micron Technology

In other news, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the sale, the executive vice president owned 85,737 shares in the company, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares in the company, valued at approximately $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 a total of 177,179 shares of company stock worth $181,826,211 over the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron CEO Sanjay Mehrotra said demand for AI memory continues to outpace supply, with industry capacity potentially unable to catch up until 2028. He also described memory as increasingly strategic rather than a commodity. Micron CEO sounds alarm on AI memory crunch
• Positive Sentiment: The company is investing $10 billion in Micron Research Labs to develop next-generation AI memory, supporting its long-term positioning in high-bandwidth memory and other advanced products. Micron CEO’s $10 billion AI-memory investment
• Positive Sentiment: Micron opened a 60,000-square-foot Boise training center and expanded its apprenticeship pipeline, supporting its planned U.S. manufacturing expansion and future workforce needs. Micron Boise training center announcement
• Neutral Sentiment: Analyst sentiment remains broadly favorable, with a consensus “Buy” rating and price targets well above recent trading levels. However, these targets may not offset short-term volatility in the memory cycle and semiconductor sector. Micron consensus Buy recommendation
• Negative Sentiment: Reports that Washington may allow Apple to purchase memory from Chinese suppliers raised concerns about potential demand and pricing pressure for Micron and other memory-chip makers. Memory stocks slide on Apple-China sourcing report
• Negative Sentiment: Investors also reacted to the possibility of a major YMTC initial public offering, which could provide China’s memory industry with additional capital to expand competition. Broad semiconductor de-risking and profit-taking ahead of Nvidia’s results added to selling pressure. Micron and the YMTC threat
• Negative Sentiment: Reports of substantial insider selling, including sales by CEO Sanjay Mehrotra, may have further weakened sentiment by encouraging profit-taking after MU’s strong earlier gains. Micron executive share sales

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MU. KeyCorp reaffirmed an "overweight" rating on shares of Micron Technology in a report on Monday, July 20th. Rosenblatt Securities boosted their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the company a "buy" rating in a report on Thursday, June 25th. Mizuho upped their target price on 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. UBS Group restated a "buy" rating on shares of Micron Technology in a research note on Monday, August 10th. Finally, Bank of America lifted their price target on Micron Technology from $950.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $1,261.26.

Micron Technology Stock Down 5.8%

MU opened at $910.43 on Tuesday. Micron Technology, Inc. has a 52 week low of $114.25 and a 52 week high of $1,255.00. The business has a 50 day moving average price of $963.47 and a two-hundred day moving average price of $701.56. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.03 trillion, a PE ratio of 20.61 and a beta of 2.18.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating 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 company's revenue was up 345.8% on a year-over-year basis. During the same period last year, the business posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, research analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Dividend Announcement

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

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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