Micron Technology, Inc. $MU Stake Lowered by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC trimmed its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 16.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,016 shares of the semiconductor manufacturer's stock after selling 2,843 shares during the quarter. Cary Street Partners Financial LLC's holdings in Micron Technology were worth $16,179,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MU. Susquehanna increased their price objective on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the stock a "positive" rating in a report on Thursday, June 25th. Wedbush upped their target price on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. Morgan Stanley upped their target price on shares of 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. Sanford C. Bernstein set a $1,300.00 price target on shares of Micron Technology in a research note on Monday, June 22nd. Finally, Mizuho boosted their price objective on Micron Technology from $1,150.00 to $1,375.00 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $1,259.97.

Insider Buying and Selling

In other news, EVP Sumit Sadana sold 15,000 shares of the firm's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the transaction, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 31,285 shares of Micron Technology stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $926.83, for a total transaction of $28,995,876.55. Following the completion of the transaction, the chief executive officer directly owned 313,218 shares in the company, valued at $290,299,838.94. This represents a 9.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 177,179 shares of company stock worth $181,826,211 in the last ninety days. Insiders own 0.24% of the company's stock.

Micron Technology News Summary

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

• Positive Sentiment: $10 billion AI research investment: Micron unveiled Micron Research Labs, a Boise-based facility backed by a planned $10 billion investment over the next decade. The lab will focus on memory technology, advanced packaging, computing systems and future semiconductor manufacturing, potentially strengthening Micron’s competitive position in AI memory. Micron Unveils Micron Research Labs
• Positive Sentiment: AI is changing memory demand: CEO Sanjay Mehrotra said AI has “totally changed” the traditionally cyclical memory industry because AI systems cannot function without memory. His comments reinforce the view that demand for high-bandwidth memory, server DRAM and data-center storage could remain structurally strong rather than follow the usual boom-and-bust pattern. Micron CEO on AI and the memory industry
• Positive Sentiment: Industry-wide support: SK hynix’s roughly $28.6 billion share repurchase and cancellation program lifted confidence across memory stocks. Investors interpreted the move as evidence of strong cash generation, tight high-end memory supply and management confidence in AI-related demand, with Micron benefiting in sympathy. SK hynix buyback supports memory stocks
• Neutral Sentiment: Large-scale expansion: Micron’s planned $50 billion Idaho manufacturing buildout is expected to create jobs and expand U.S. memory capacity, but it is also straining local infrastructure. The spending should support long-term growth while increasing execution and capital-allocation demands. Micron’s Boise expansion
• Negative Sentiment: No immediate buyback: Unlike some rivals, Micron is prioritizing investment and may have to wait before returning capital through substantial share repurchases, which could make the stock less attractive to investors seeking near-term shareholder distributions. Why Micron is not joining the memory buyback wave
• Negative Sentiment: Institutional selling and valuation risk: Stanley Druckenmiller’s Duquesne Family Office reportedly exited Micron during the second quarter, while recent commentary has warned that AI-related spending and memory pricing may still be cyclical. Micron’s sharp prior pullback also highlights the stock’s volatility and sensitivity to macroeconomic and semiconductor-sector sentiment.

Micron Technology Stock Up 4.0%

Shares of MU stock opened at $974.33 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 quick ratio of 2.98 and a current ratio of 3.42. The business's fifty day moving average is $967.32 and its 200-day moving average is $694.37. The stock has a market cap of $1.10 trillion, a PE ratio of 22.06 and a beta of 2.18.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $35.91 billion. During the same quarter in the prior year, the firm posted $1.91 earnings per share. The company's 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. Equities analysts expect that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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