Micron Technology, Inc. $MU Stake Lifted by Handelsbanken Fonder AB

Key Points

• Handelsbanken Fonder increased its Micron stake by 6.3% in the second quarter, adding 37,420 shares to hold 630,685 shares worth approximately $728 million. Institutional investors collectively own 80.84% of Micron.
• Analysts remain broadly bullish on Micron. The stock has a consensus “Buy” rating and an average price target of $1,260.31, with several firms citing strong AI-related memory demand and tight HBM supply.
• Micron reported a significant quarterly beat, posting $25.11 in EPS and $41.46 billion in revenue, with revenue up 345.8% year over year. However, company insiders sold substantial shares recently, including CEO Sanjay Mehrotra’s sale of 31,285 shares.

Handelsbanken Fonder AB lifted its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 6.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 630,685 shares of the semiconductor manufacturer's stock after acquiring an additional 37,420 shares during the period. Micron Technology accounts for about 2.1% of Handelsbanken Fonder AB's investment portfolio, making the stock its 9th largest holding. Handelsbanken Fonder AB owned about 0.06% of Micron Technology worth $727,993,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MU. Wealth Group Ltd bought a new stake in shares of Micron Technology during the second quarter valued at approximately $296,000. Salvus Wealth Management LLC raised its holdings in Micron Technology by 11.1% in the second quarter. Salvus Wealth Management LLC now owns 1,000 shares of the semiconductor manufacturer's stock worth $1,154,000 after purchasing an additional 100 shares in the last quarter. Scott Capital Advisors LLC bought a new stake in shares of Micron Technology during the 2nd quarter valued at $265,000. Spinnaker Investment Group LLC boosted its holdings in shares of Micron Technology by 18.8% during the 2nd quarter. Spinnaker Investment Group LLC now owns 752 shares of the semiconductor manufacturer's stock valued at $868,000 after buying an additional 119 shares in the last quarter. Finally, Affiance Financial LLC bought a new stake in shares of Micron Technology during the 2nd quarter valued at $832,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MU. Melius Research initiated coverage on shares of Micron Technology in a research note on Monday, April 27th. They issued a "buy" rating and a $700.00 price target for the company. KeyCorp reissued an "overweight" rating on shares of Micron Technology in a research note on Monday, July 20th. The Goldman Sachs Group raised their target price on shares of Micron Technology from $900.00 to $1,100.00 and gave the company a "neutral" rating in a research note on Thursday, June 25th. Bank of America lifted their target price on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 25th. Four investment 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 data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $1,260.31.

Micron Technology Price Performance

Shares of MU opened at $861.00 on Tuesday. Micron Technology, Inc. has a twelve month low of $113.46 and a twelve month high of $1,255.00. The company has a market capitalization of $972.40 billion, a P/E ratio of 19.49 and a beta of 2.19. The firm has a 50 day moving average of $971.54 and a 200 day moving average of $664.13. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $41.46 billion for the quarter, compared to analysts' expectations of $35.91 billion. During the same period in the prior year, the firm posted $1.91 EPS. The firm's quarterly revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts anticipate 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. Investors of record on Monday, July 6th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is 1.36%.

Micron Technology News Roundup

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

• Positive Sentiment: HBM supply remains exceptionally tight. UBS said Nvidia may have reduced planned HBM4E content in its upcoming VR300 GPU because of constrained availability. The shortage could strengthen Micron’s pricing power and support a “structural reset” higher in earnings potential. Micron poised for structural reset in earnings power
• Positive Sentiment: Fundamentals and long-term demand remain strong. Recent coverage highlights Micron’s $41.46 billion in quarterly revenue and $25.11 in EPS, while strategic customer agreements could secure a significant portion of future DRAM and NAND volumes. Automotive agreements and continued AI infrastructure spending may also reduce the company’s historical earnings cyclicality. Micron Could Reclaim Its Previous Highs
• Positive Sentiment: Analyst and investor attention is focused on the KeyBanc technology forum. Micron executives’ presentation could provide updated commentary on demand, supply, pricing and guidance, with some retail investors positioning for a possible outlook increase. MU Outpaced SNDK WDC This Week

Insiders Place Their Bets

In related news, CEO Sanjay Mehrotra sold 31,285 shares of Micron Technology stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $926.83, for a total value of $28,995,876.55. Following the completion of the sale, the chief executive officer directly owned 313,218 shares in the company, valued at approximately $290,299,838.94. This trade represents a 9.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the business's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the transaction, the executive vice president directly owned 85,737 shares of the company's stock, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 162,179 shares of company stock valued at $167,811,861 over the last quarter. Corporate insiders own 0.24% of the company's stock.

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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