Micron Technology, Inc. $MU Shares Sold by Todd Asset Management LLC

Key Points

• Todd Asset Management cut its Micron position by 23.9% in the second quarter, selling 19,328 shares and retaining 61,527 shares valued at approximately $71 million.
• Micron insiders sold 177,179 shares worth about $181.8 million during the past quarter, while institutional investors and hedge funds own 80.84% of the company’s stock.
• Despite the selling, Micron reported better-than-expected quarterly earnings and revenue, and analysts remain bullish: the stock has an average “Buy” rating with a consensus price target of $1,261.26.

Todd Asset Management LLC lowered its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 23.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,527 shares of the semiconductor manufacturer's stock after selling 19,328 shares during the quarter. Micron Technology accounts for 1.3% of Todd Asset Management LLC's investment portfolio, making the stock its 25th largest holding. Todd Asset Management LLC's holdings in Micron Technology were worth $71,020,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. High Note Wealth LLC increased its stake in shares of Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after acquiring an additional 34 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in Micron Technology during the first quarter worth about $27,000. Bayban acquired a new stake in Micron Technology in the fourth quarter valued at about $29,000. Joseph Group Capital Management purchased a new stake in Micron Technology in the 4th quarter valued at approximately $31,000. Finally, Luken Investment Analytics LLC purchased a new stake in Micron Technology in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 31,285 shares of the company's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $926.83, for a total value of $28,995,876.55. Following the transaction, the chief executive officer directly owned 313,218 shares in the company, valued at approximately $290,299,838.94. This represents a 9.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the sale, the executive vice president directly owned 85,737 shares in the company, valued at $92,933,763.78. This represents a 31.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 177,179 shares of company stock valued at $181,826,211. 0.24% of the stock is owned by company insiders.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MU shares. Barclays increased their target price on Micron Technology from $1,175.00 to $2,000.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. BMO Capital Markets assumed coverage on Micron Technology in a research note on Friday. They issued an "outperform" rating and a $1,300.00 price target on the stock. Wells Fargo & Company upped their price objective on Micron Technology from $1,220.00 to $1,525.00 and gave the stock an "overweight" rating in a report on Thursday, June 25th. Melius Research assumed coverage on Micron Technology in a research report on Monday, April 27th. They issued a "buy" rating and a $700.00 price objective for the company. Finally, Wedbush raised their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the company an "outperform" rating in a report on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Micron Technology has an average rating of "Buy" and an average price target of $1,261.26.

Micron Technology Trading Down 0.8%

Shares of Micron Technology stock opened at $966.78 on Friday. Micron Technology, Inc. has a 1 year low of $114.25 and a 1 year 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 business has a 50 day moving average price of $967.02 and a 200 day moving average price of $696.28. The company has a market capitalization of $1.09 trillion, a P/E ratio of 21.89 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 EPS for the quarter, beating analysts' consensus estimates of $21.39 by $3.72. The firm had revenue of $41.46 billion for the quarter, compared to analysts' expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology's quarterly revenue was up 345.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed 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 is currently 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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