Micron Technology, Inc. $MU Stake Decreased by Salem Investment Counselors Inc.

Key Points

• Salem Investment Counselors cut its Micron stake by 13.3% in the second quarter, selling 27,381 shares and retaining 178,055 shares valued at approximately $205.5 million. Institutional investors and hedge funds collectively own 80.84% of Micron.
• Micron reported strong quarterly results, with earnings of $25.11 per share versus the $21.39 consensus estimate and revenue of $41.46 billion, up 345.8% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $1,259.97.
• Growth prospects are being supported by AI-driven memory demand and tightening DRAM and NAND prices, although risks include Chinese competition, execution delays at Micron’s new fabrication plant and potential renewed memory-cycle volatility.

Salem Investment Counselors Inc. lessened its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 13.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 178,055 shares of the semiconductor manufacturer's stock after selling 27,381 shares during the period. Micron Technology makes up approximately 5.1% of Salem Investment Counselors Inc.'s portfolio, making the stock its 5th biggest holding. Salem Investment Counselors Inc.'s holdings in Micron Technology were worth $205,527,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MU. Cardinal Point Capital Management ULC raised its position in Micron Technology by 2.3% in the second quarter. Cardinal Point Capital Management ULC now owns 2,188 shares of the semiconductor manufacturer's stock worth $2,525,000 after acquiring an additional 49 shares in the last quarter. Goelzer Investment Management Inc. purchased a new stake in shares of Micron Technology during the 2nd quarter worth $1,226,000. Burney Co. grew its stake in shares of Micron Technology by 166.3% during the 2nd quarter. Burney Co. now owns 19,104 shares of the semiconductor manufacturer's stock worth $22,051,000 after purchasing an additional 11,930 shares during the period. Accurate Wealth Management LLC grew its stake in shares of Micron Technology by 98.0% during the 2nd quarter. Accurate Wealth Management LLC now owns 7,452 shares of the semiconductor manufacturer's stock worth $8,602,000 after purchasing an additional 3,688 shares during the period. Finally, XY Planning Network Inc. acquired a new position in shares of Micron Technology during the 2nd quarter worth $683,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $971.66 on Friday. The stock has a market cap of $1.10 trillion, a price-to-earnings ratio of 22.00 and a beta of 2.18. Micron Technology, Inc. has a 52 week low of $113.46 and a 52 week high of $1,255.00. The company's 50-day moving average price is $965.49 and its 200 day moving average price is $677.08. 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 (NASDAQ:MU - Get Free Report) last posted 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 firm had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm's revenue for the quarter was up 345.8% on a year-over-year basis. During the same period last year, the firm posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, research analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Wall Street Analyst Weigh In

MU has been the subject of several recent analyst reports. Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, June 25th. UBS Group restated a "buy" rating on shares of Micron Technology in a research report on Monday, August 10th. Mizuho increased their target price on shares of Micron Technology from $1,150.00 to $1,375.00 and gave the company an "outperform" rating in a report on Thursday, June 25th. Royal Bank Of Canada lifted their price target on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. Finally, Morgan Stanley boosted their price target on Micron Technology from $1,050.00 to $1,200.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $1,259.97.

Insider Buying and Selling at Micron Technology

In related news, CEO Sanjay Mehrotra sold 37,439 shares of Micron Technology stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the completion of the transaction, the chief executive officer directly owned 387,064 shares in the company, valued at $371,728,524.32. The trade was a 8.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lynn A. Dugle sold 1,300 shares of the company's stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the sale, the director directly owned 17,728 shares in the company, valued at approximately $20,394,823.04. The trade was a 6.83% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 162,179 shares of company stock valued at $167,811,861. Company insiders own 0.24% of the company's stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: New Street upgraded Micron to “Buy” from “Neutral” and set a $1,250 price target, citing the possibility that AI is making memory demand less cyclical. The firm projects a potential $2 trillion-$3 trillion valuation for Micron by the end of the decade. Micron Upgraded to Buy on the Claim Memory Stopped Being Cyclical
• Positive Sentiment: DRAM and NAND prices are tightening again, potentially increasing the earnings impact of Micron’s rapidly expanding data-center business. Analysts are continuing to raise revenue estimates and price targets as AI infrastructure spending supports demand for high-bandwidth memory and storage. Micron Stock Jumps as Memory Pricing Tightens Again
• Positive Sentiment: Micron launched a $250 million Micron Ventures Paradigm Fund to invest across the AI technology stack, including model development, computing infrastructure, enterprise applications and physical AI. The initiative could strengthen partnerships and give Micron earlier insight into future memory and storage requirements. Micron Ventures Launches $250 Million Fund
• Neutral Sentiment: Broader semiconductor strength, record U.S. equity benchmarks and easing rate-hike expectations are supporting risk appetite for memory stocks. Technical analysts also identify approximately $1,012 as an important near-term resistance level. Micron Price Forecast
• Negative Sentiment: Risks remain from rising Chinese competition and execution timing. YMTC has surpassed Micron in NAND shipments, while Micron’s new $9.3 billion fabrication plant is not expected to produce chips until 2028. Michael Burry has also increased bearish positions involving Micron, underscoring concerns about valuation, supply growth and a possible return of memory-cycle volatility.

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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