Micron Technology, Inc. $MU Shares Sold by Patton Fund Management Inc.

Key Points

• Patton Fund Management cut its Micron position by 34.4% in the second quarter, selling 2,796 shares and retaining 5,337 shares worth approximately $6.16 million. Institutional investors still own 80.84% of Micron’s stock.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $1,260.31, supported by strong AI-related memory demand and constrained DRAM and high-bandwidth memory supply.
• Micron reported quarterly revenue of $41.46 billion, up 345.8% year over year, and EPS of $25.11, exceeding estimates. However, substantial insider selling, potential margin limits from customer contracts and new patent litigation add risks to the optimistic outlook.

Patton Fund Management Inc. trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 34.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,337 shares of the semiconductor manufacturer's stock after selling 2,796 shares during the quarter. Micron Technology makes up about 1.3% of Patton Fund Management Inc.'s portfolio, making the stock its 11th biggest holding. Patton Fund Management Inc.'s holdings in Micron Technology were worth $6,160,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. boosted its holdings in Micron Technology by 1.4% during the second quarter. Armstrong Advisory Group Inc. now owns 1,560 shares of the semiconductor manufacturer's stock worth $1,800,000 after buying an additional 22 shares in the last quarter. Southland Equity Partners LLC purchased a new position in Micron Technology in the second quarter valued at $252,000. McAlister Sweet & Associates Inc. increased its holdings in Micron Technology by 37.3% in the second quarter. McAlister Sweet & Associates Inc. now owns 2,081 shares of the semiconductor manufacturer's stock valued at $2,402,000 after buying an additional 565 shares in the last quarter. Breachway Investments LLC acquired a new position in shares of Micron Technology in the second quarter worth about $260,000. Finally, Generali Investments CEE investicni spolecnost a.s. raised its position in shares of Micron Technology by 44.7% in the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 10,223 shares of the semiconductor manufacturer's stock worth $11,800,000 after acquiring an additional 3,157 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MU shares. Raymond James Financial increased their target price on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an "outperform" rating in a research note on Thursday, June 25th. Melius Research initiated coverage on Micron Technology in a report on Monday, April 27th. They issued a "buy" rating and a $700.00 price target for the company. Morgan Stanley increased their price target on Micron Technology from $1,050.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Thursday, June 25th. Needham & Company LLC raised their price objective on Micron Technology from $1,550.00 to $1,650.00 and gave the company a "buy" rating in a report on Thursday, June 25th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $1,260.31.

Insider Transactions at Micron Technology

In other Micron Technology news, Director Lynn A. Dugle sold 1,300 shares of the firm's stock in a transaction 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 transaction, the director owned 17,728 shares in the company, valued at approximately $20,394,823.04. This trade represents a 6.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction 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 directly owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 162,179 shares of company stock worth $167,811,861. 0.24% of the stock is owned by insiders.

Key Micron Technology News

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

• Positive Sentiment: AI infrastructure spending boosted semiconductor sentiment. Strong earnings and forecasts from CoreWeave and Super Micro Computer reassured investors that hyperscaler and data-center capital expenditures remain robust, supporting demand for Micron’s high-bandwidth memory and other products. AI infrastructure stocks surge after strong earnings from CoreWeave, Supermicro
• Positive Sentiment: Memory shortages and multi-year demand visibility remain bullish. Reports highlighted constrained DRAM and high-bandwidth memory supply, with demand reportedly extending through 2027. Micron’s take-or-pay and strategic customer agreements could lock in volumes, improve revenue visibility and reduce some of the industry’s historical cyclicality. Can Micron’s Take-or-Pay Deals Improve Revenue Growth Visibility?
• Positive Sentiment: Recent financial performance supports the rally. Micron’s fiscal third-quarter revenue rose roughly 346% year over year to about $41.5 billion, while gross margin reached approximately 85%. Analysts and investors cited the earnings surge, elevated pricing and potential benefits from AI, advanced computing and robotics as reasons for continued optimism.
• Neutral Sentiment: Profitability may be peaking in the near term. Although record margins are a major catalyst, some new customer contracts reportedly cap pricing. That could limit further margin expansion if memory prices continue rising, even as contracted demand supports revenue growth. Micron Set A Margin Record On Prices It Has Agreed To Cap
• Negative Sentiment: Netlist initiated new patent litigation against Micron. The action at the U.S. International Trade Commission creates potential legal costs, disruption or restrictions involving products alleged to infringe Netlist patents. The financial impact is uncertain, but the filing adds an overhang to the otherwise bullish narrative. Micron Technology Faces New Legal Action Over Alleged Infringement of Netlist Patents
• Negative Sentiment: Insider selling and cyclical concerns temper enthusiasm. Reported insider activity showed sales without purchases over the past six months, while critics warn that expectations for AI-driven growth and margins may already be extremely high.

Micron Technology Stock Up 4.9%

MU stock opened at $911.29 on Thursday. Micron Technology, Inc. has a 52 week low of $113.46 and a 52 week high of $1,255.00. 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 firm has a 50-day simple moving average of $964.26 and a 200-day simple moving average of $671.13. The stock has a market capitalization of $1.03 trillion, a P/E ratio of 20.63 and a beta of 2.18.

Micron Technology (NASDAQ:MU - Get Free Report) last issued 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 firm had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. During the same period last year, the company posted $1.91 EPS. Micron Technology's quarterly revenue 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. Equities analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Micron Technology Company 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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