Micron Technology, Inc. $MU Stock Holdings Raised by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings increased its Micron stake by 18.1% in the second quarter, bringing its holdings to 67,693 shares valued at approximately $78.1 million. Institutional investors collectively own 80.84% of Micron.
• Micron reported quarterly EPS of $25.11 and revenue of $41.46 billion, beating analyst estimates of $21.39 and $35.91 billion, respectively; revenue surged 345.8% year over year. Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and a $1,259.97 target price.
• Company insiders sold roughly 162,179 shares worth $167.8 million over the past three months, while risks include profit-taking, valuation pressure, a potential increase in memory supply and longer-term competition from Intel.

Crossmark Global Holdings Inc. raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 18.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,693 shares of the semiconductor manufacturer's stock after purchasing an additional 10,372 shares during the quarter. Micron Technology accounts for about 1.0% of Crossmark Global Holdings Inc.'s portfolio, making the stock its 9th largest position. Crossmark Global Holdings Inc.'s holdings in Micron Technology were worth $78,137,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Coastwise Capital Group LLC bought a new position in shares of Micron Technology in the 2nd quarter valued at about $352,000. Truefg LLC bought a new stake in Micron Technology during the second quarter worth approximately $231,000. Waystone Advisors LLC purchased a new stake in Micron Technology during the second quarter valued at approximately $298,000. Integrated Financial Solutions Inc. raised its position in Micron Technology by 339.2% during the second quarter. Integrated Financial Solutions Inc. now owns 2,798 shares of the semiconductor manufacturer's stock valued at $3,230,000 after purchasing an additional 2,161 shares during the period. Finally, Ledyard National Bank bought a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $1,723,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 37,439 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the completion of the sale, the chief executive officer directly owned 387,064 shares of the company's stock, valued at approximately $371,728,524.32. This represents a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the firm's stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 162,179 shares of company stock valued at $167,811,861. Company insiders own 0.24% of the company's stock.

Key Micron Technology News

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

• Positive Sentiment: AI-driven memory shortage: Demand for high-bandwidth memory (HBM) used in AI data centers continues to absorb manufacturing capacity. HBM requires substantially more wafer capacity than conventional DRAM, supporting tight supply, higher pricing and stronger margins for Micron. Industry growth targets and fully allocated HBM production suggest the shortage could persist. Why This Memory Chip Boom May Have More Staying Power Than History Suggests
• Positive Sentiment: U.S. policy reduces Chinese competition: Reports that the White House is discouraging U.S. technology companies from sourcing conventional memory chips from Chinese suppliers, including Apple’s potential suppliers, improved sentiment toward Micron and other Western memory producers. The policy could strengthen Micron’s negotiating position and support longer-term domestic demand. Micron Shares Rise as White House Pushes Apple Away From Chinese Memory Chips
• Positive Sentiment: Upbeat analyst outlook: Bank of America maintained a Buy rating and a $1,550 price target, arguing that concerns about a cyclical peak are overstated. The firm projects Micron’s earnings could exceed $230 per share by fiscal 2030, while recent quarterly results showed $41.46 billion in revenue and $25.11 in EPS, both well ahead of estimates. BofA Sees Micron EPS Topping $230 by FY30
• Positive Sentiment: Broader AI enthusiasm: Comments from Elon Musk emphasizing the importance of memory and storage for agentic AI helped lift Micron alongside SanDisk and other memory stocks. Comparisons with AMD and NVIDIA also highlighted Micron’s rapid earnings growth and relatively lower valuation. Elon Musk Just Uttered Massively Bullish Words for Micron
• Neutral Sentiment: Institutional profit-taking: Appaloosa Management reduced its Micron position by 41%, while Stanley Druckenmiller’s Duquesne Family Office exited the stock. The selling may reflect profit-taking after the enormous rally, although Micron remains a major holding for some investors. Hedge Fund Heavyweights Are Dumping Micron
• Negative Sentiment: Risks remain elevated: Micron’s sharp advance leaves the stock vulnerable to valuation compression, profit-taking, a broader technology pullback and any eventual increase in memory supply. Intel is also exploring new memory architectures, potentially creating a longer-term competitive threat. Intel Eyes a Memory Comeback

Micron Technology Stock Up 4.1%

NASDAQ:MU opened at $1,011.75 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The firm has a market cap of $1.14 trillion, a PE ratio of 22.91 and a beta of 2.19. The company has a 50-day moving average of $966.74 and a 200 day moving average of $683.34. Micron Technology, Inc. has a 1-year low of $113.46 and a 1-year high of $1,255.00.

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, topping analysts' consensus estimates of $21.39 by $3.72. The company had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology's revenue was up 345.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, research analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MU shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Micron Technology in a report on Friday, August 7th. Bank of America raised their target price on shares of Micron Technology from $950.00 to $1,500.00 and gave the stock a "buy" rating in a report on Tuesday, June 23rd. Wolfe Research set a $1,500.00 price target on shares of Micron Technology in a report on Thursday, June 25th. Mizuho increased their price objective on shares of 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. Finally, Raymond James Financial increased their price objective on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. Four equities research 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 MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $1,259.97.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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