Micron Technology, Inc. $MU Stake Increased by Lombard Odier Asset Management Europe Ltd

Key Points

• Lombard Odier Asset Management Europe increased its Micron Technology stake by 20.9% in the second quarter, bringing its holdings to 27,334 shares valued at approximately $31.6 million. Institutional investors collectively own 80.84% of the stock.
• Micron reported quarterly EPS of $25.11 versus the $21.39 consensus estimate, while revenue reached $41.46 billion, up 345.8% year over year and above expectations. The company also issued fourth-quarter 2026 EPS guidance of $30.00–$32.00.
• Analyst sentiment remains broadly positive, with an average rating of “Buy” and an average price target of $1,295.63, although insiders sold roughly $182.2 million of stock over the past 90 days and concerns remain that expanded HBM capacity could eventually create oversupply.

Lombard Odier Asset Management Europe Ltd boosted its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 20.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,334 shares of the semiconductor manufacturer's stock after acquiring an additional 4,724 shares during the period. Micron Technology accounts for 0.1% of Lombard Odier Asset Management Europe Ltd's portfolio, making the stock its 13th largest position. Lombard Odier Asset Management Europe Ltd's holdings in Micron Technology were worth $31,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. High Note Wealth LLC raised its stake in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock valued at $25,000 after purchasing an additional 34 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Micron Technology in the first quarter worth about $27,000. Bayban acquired a new position in Micron Technology in the fourth quarter worth about $29,000. WealthCollab LLC increased its holdings in Micron Technology by 4,500.0% in the second quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer's stock valued at $34,000 after buying an additional 270 shares during the last quarter. Finally, Financial Life Planners bought a new stake in Micron Technology in the first quarter valued at about $36,000. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Stock Performance

Micron Technology stock opened at $1,016.59 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The business's 50-day simple moving average is $932.58 and its 200-day simple moving average is $741.12. The firm has a market capitalization of $1.15 trillion, a PE ratio of 23.02, a PEG ratio of 0.64 and a beta of 2.22. Micron Technology, Inc. has a 52 week low of $125.66 and a 52 week high of $1,255.00.

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 firm had revenue of $41.46 billion during 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 firm's revenue for the quarter was up 345.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities research analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Announces Dividend

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

More Micron Technology News

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

• Positive Sentiment: Analysts and market commentators remain bullish on Micron’s role as a supplier of high-bandwidth memory (HBM) used in AI systems. Korean memory stocks reportedly surged while U.S. markets were closed, reinforcing expectations that tight AI-memory supply and strong pricing could support Micron’s earnings and its roughly $50 billion outlook. Micron's $50 Billion Guide Gets an 8.3% Signal From Seoul
• Positive Sentiment: A top analyst issued an aggressive new price target for MU, while several articles argue that the memory shortage and AI infrastructure buildout could drive another leg higher. Some forecasts point to continued momentum into and after the Sept. 30 earnings release. Micron, SanDisk get new aggressive price targets from top analyst Prediction: Micron Stock Will Skyrocket After Sept. 30
• Positive Sentiment: Micron’s latest quarterly results substantially exceeded expectations, with $25.11 in EPS and $41.46 billion in revenue, up 345.8% year over year. That performance provides a strong fundamental backdrop for the current rally and raises expectations for another earnings beat.
• Neutral Sentiment: Investors are now focused on whether contract-memory pricing, HBM demand and management’s guidance can justify MU’s elevated valuation and support a move toward the $1,250 area. What Would It Take to Get MU Stock Up to $1,250?
• Negative Sentiment: Micron’s plan to significantly expand HBM capacity could eventually create oversupply, pressure pricing and weaken margins if AI demand fails to keep pace. The stock has also struggled to regain its June peak, prompting questions about whether the rally is losing momentum. Could Doubling HBM Capacity Create an Oversupply Headwind? Is Micron Technology Stock Running Out of Steam?

Insider Buying and Selling

In related news, EVP April S. Arnzen sold 40,000 shares of the company's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the sale, the director directly owned 17,728 shares of the company's stock, valued at approximately $20,394,823.04. This trade represents a 6.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 177,204 shares of company stock valued at $182,156,264 in the last ninety days. Company insiders own 0.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup reduced their target price on Micron Technology from $1,400.00 to $1,150.00 and set a "buy" rating on the stock in a report on Friday, August 7th. Seaport Research Partners reiterated a "buy" rating on shares of Micron Technology in a report on Friday, August 14th. Rosenblatt Securities raised their price objective on Micron Technology from $1,200.00 to $1,500.00 and gave the stock a "buy" rating in a research note on Thursday, June 25th. New Street Research upgraded Micron Technology from a "neutral" rating to a "buy" rating and set a $1,250.00 price objective on the stock in a research note on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the stock a "buy" rating in a report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $1,295.63.

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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