Micron Technology, Inc. $MU Stock Holdings Lifted by E. Ohman J or Asset Management AB

Key Points

• E. Ohman Jor Asset Management increased its Micron stake by 3.7% in the second quarter to 39,824 shares valued at about $46 million. Institutional investors collectively own 80.84% of Micron.
• Micron reported a major quarterly earnings beat, with EPS of $25.11 versus the $21.39 consensus and revenue of $41.46 billion, up 345.8% year over year. Tight HBM supply and strong AI-infrastructure demand are supporting expectations for sustained pricing power and growth.
• Analysts remain broadly bullish: 35 rate the stock Strong Buy or Buy, while the consensus price target is $1,260.31. However, insiders sold 162,179 shares worth approximately $167.8 million over the past 90 days.

E. Ohman J or Asset Management AB lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 3.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,824 shares of the semiconductor manufacturer's stock after buying an additional 1,420 shares during the period. Micron Technology accounts for approximately 1.1% of E. Ohman J or Asset Management AB's holdings, making the stock its 18th biggest position. E. Ohman J or Asset Management AB's holdings in Micron Technology were worth $45,968,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. M.E. Allison & CO. Inc. boosted its stake in Micron Technology by 0.8% in the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer's stock valued at $1,528,000 after acquiring an additional 11 shares during the period. Signature Equity Partners LLC raised its position in shares of Micron Technology by 6.3% during the 1st quarter. Signature Equity Partners LLC now owns 253 shares of the semiconductor manufacturer's stock worth $86,000 after purchasing an additional 15 shares during the period. Clearwater Capital Advisors LLC raised its position in shares of Micron Technology by 1.1% during the 1st quarter. Clearwater Capital Advisors LLC now owns 1,617 shares of the semiconductor manufacturer's stock worth $546,000 after purchasing an additional 18 shares during the period. Capital Advisors Ltd. LLC raised its position in shares of Micron Technology by 10.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 247 shares of the semiconductor manufacturer's stock worth $83,000 after purchasing an additional 23 shares during the period. Finally, Manning & Napier Advisors LLC lifted its holdings in shares of Micron Technology by 2.4% in the 4th quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer's stock worth $301,000 after purchasing an additional 24 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Transactions at Micron Technology

In other news, CEO Sanjay Mehrotra sold 37,439 shares of the company's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $960.38, for a total value of $35,955,666.82. Following the completion of the sale, the chief executive officer owned 387,064 shares in the company, valued at $371,728,524.32. This represents a 8.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lynn A. Dugle sold 1,300 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 17,728 shares of the company's stock, valued at $20,394,823.04. This represents a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 162,179 shares of company stock valued at $167,811,861. Company insiders own 0.24% of the company's stock.

Micron Technology Stock Down 1.9%

MU stock opened at $861.00 on Tuesday. The firm's 50-day moving average is $971.54 and its two-hundred day moving average is $664.13. The company has a market capitalization of $972.40 billion, a price-to-earnings ratio of 19.49 and a beta of 2.19. Micron Technology, Inc. has a 52 week low of $113.46 and a 52 week high of $1,255.00. 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 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 net margin of 55.91% and a return on equity of 71.13%. The business had revenue of $41.46 billion during the quarter, compared to analysts' expectations of $35.91 billion. During the same period last year, the firm posted $1.91 earnings per share. The business'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. On average, analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders 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 yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology's dividend payout ratio (DPR) is presently 1.36%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MU shares. Raymond James Financial boosted their price objective on Micron Technology from $1,100.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. Melius Research initiated coverage on Micron Technology in a research report on Monday, April 27th. They issued a "buy" rating and a $700.00 target price on the stock. KeyCorp reiterated an "overweight" rating on shares of Micron Technology in a research note on Monday, July 20th. Wells Fargo & Company boosted their price target on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. Finally, Needham & Company LLC upped their price target on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a "buy" rating in a research report on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Micron Technology presently has an average rating of "Buy" and a consensus price target of $1,260.31.

Key Stories Impacting Micron Technology

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

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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