Micron Technology, Inc. $MU Shares Sold by First Trust Advisors LP

Key Points

• First Trust Advisors LP cut its stake in Micron Technology by 28.8%, selling 492,258 shares and retaining 1,219,916 shares worth about $204.1 million.
• Micron beat quarterly expectations — EPS $4.78 vs. $3.77 and revenue $13.64B (up 56.7% YoY) — and set Q2 2026 guidance that, along with the results, spurred multiple analyst price‑target raises and a consensus "Buy" rating.
• Company catalysts include shipping samples of a 256GB LPDDR5X AI server memory and ramping a new assembly & test facility in Sanand, India, though shares are also vulnerable to sectorwide weakness and broader macro/geopolitical risks.

First Trust Advisors LP cut its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 28.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,219,916 shares of the semiconductor manufacturer's stock after selling 492,258 shares during the period. First Trust Advisors LP owned about 0.11% of Micron Technology worth $204,116,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. American Capital Advisory LLC boosted its position in Micron Technology by 20.4% during the third quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer's stock worth $46,000 after purchasing an additional 46 shares during the period. Teamwork Financial Advisors LLC raised its position in shares of Micron Technology by 0.4% in the third quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer's stock valued at $2,505,000 after purchasing an additional 53 shares during the period. Blue Trust Inc. lifted its stake in shares of Micron Technology by 0.5% in the third quarter. Blue Trust Inc. now owns 10,633 shares of the semiconductor manufacturer's stock worth $1,779,000 after buying an additional 53 shares during the last quarter. Lodestone Wealth Management LLC lifted its stake in shares of Micron Technology by 3.2% in the third quarter. Lodestone Wealth Management LLC now owns 1,693 shares of the semiconductor manufacturer's stock worth $283,000 after buying an additional 53 shares during the last quarter. Finally, Sunpointe LLC boosted its holdings in shares of Micron Technology by 1.3% during the 3rd quarter. Sunpointe LLC now owns 4,011 shares of the semiconductor manufacturer's stock worth $671,000 after buying an additional 53 shares during the period. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Stock Performance

NASDAQ:MU opened at $370.30 on Friday. The firm's 50-day moving average is $379.98 and its 200-day moving average is $262.55. The company has a market cap of $416.78 billion, a price-to-earnings ratio of 35.20 and a beta of 1.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $455.50.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business had revenue of $13.64 billion during the quarter, compared to analysts' expectations of $12.62 billion. During the same quarter last year, the company earned $1.79 earnings per share. The firm's revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, December 29th. Micron Technology's dividend payout ratio (DPR) is presently 4.37%.

Key Micron Technology News

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

• Positive Sentiment: Micron began shipping customer samples of its 256GB SOCAMM2 LPDDR5X AI server memory module — its highest‑capacity, power‑efficient AI DRAM — which should support higher ASPs and stronger AI‑server content per box. How Micron’s New 256GB AI Server Memory and India Ramp-Up Will Impact Micron Technology (MU) Investors
• Positive Sentiment: Micron opened and is ramping an advanced assembly & test facility in Sanand, India, expanding global manufacturing footprint to meet AI memory demand and diversify supply chains. Micron Technology, Inc. (MU) Announces the Grand Opening of its Semiconductor Assembly and Test Facility in Sanand, Gujarat, India
• Positive Sentiment: Analysts and research pieces highlight Micron’s AI memory “moat”: HBM tightness, sold‑out 2026 HBM capacity, and guidance that implies very strong margins — supporting upside to earnings expectations. Micron's New Moat: The AI Memory Supercycle
• Positive Sentiment: Earnings‑estimate revisions and momentum scores are improving, with multiple outlets flagging MU as a long‑term/momentum buy given AI demand and recent beat-and-raise results. This supports medium-term bullish case. Earnings Estimates Rising for Micron (MU): Will It Gain?
• Neutral Sentiment: Technical and trading commentary notes MU approaching its 50‑day moving average and offering potential buy points on a rebound; useful for traders but not a fundamental driver. Micron's Setup Sweetens Despite The Current Market Meltdown
• Neutral Sentiment: Mentions in ETF and options strategy pieces (e.g., VLUE holding, short‑put yield ideas) increase investor attention and liquidity but are sideways with respect to immediate fundamentals. Worried About Volatility? These 3 ETFs Have You Covered
• Negative Sentiment: Today’s decline is driven largely by weakness in South Korean memory peers (Samsung, SK Hynix) and a sectorwide selloff; contagion from those losses pressures MU despite company‑specific positives. Micron stock falls as weakness hits global memory sector
• Negative Sentiment: Broader risk‑off drivers — geopolitical tensions (Iran conflict) and macro data/events (investors awaiting February jobs report) — are depressing tech and cyclical names, adding downward pressure on MU. What Is Going On With Micron Tech Stock In Friday Premarket?

Insider Activity at Micron Technology

In other news, EVP Sumit Sadana sold 25,000 shares of the business's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the sale, the executive vice president directly owned 248,021 shares in the company, valued at approximately $106,621,747.69. The trade was a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Scott R. Allen sold 2,000 shares of the company's stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total value of $675,000.00. Following the completion of the transaction, the chief accounting officer owned 38,237 shares of the company's stock, valued at $12,904,987.50. The trade was a 4.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have acquired 23,200 shares of company stock worth $7,821,723 and have sold 73,623 shares worth $27,307,408. 0.24% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on MU. Bank of America lifted their target price on shares of Micron Technology from $300.00 to $400.00 and gave the stock a "buy" rating in a report on Tuesday, January 13th. Weiss Ratings restated a "buy (b-)" rating on shares of Micron Technology in a report on Thursday, January 29th. Needham & Company LLC raised their price target on Micron Technology from $380.00 to $450.00 and gave the company a "buy" rating in a research report on Tuesday, February 17th. Mizuho lifted their price objective on Micron Technology from $390.00 to $480.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 27th. Finally, Phillip Securities upgraded Micron Technology to a "strong-buy" rating in a research note on Monday, February 2nd. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $371.83.

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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