Micron Technology, Inc. $MU Stock Position Increased by Empirical Finance LLC

Key Points

• Empirical Finance increased its Micron position by 3.4% in the second quarter to 38,219 shares valued at approximately $44.1 million. Institutional investors collectively own 80.84% of the company.
• Micron reported quarterly EPS of $25.11, exceeding estimates of $21.39, while revenue rose 345.8% year over year to $41.46 billion. Analysts maintain an overall “Buy” rating with an average price target of $1,295.63.
• Insiders sold 177,204 shares worth roughly $182.2 million over the past three months, while investors continue to weigh Micron’s strong DRAM and HBM demand outlook against risks from slower AI spending, competition, and potentially higher interest rates.

Empirical Finance LLC grew its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 3.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,219 shares of the semiconductor manufacturer's stock after purchasing an additional 1,249 shares during the period. Micron Technology makes up 1.8% of Empirical Finance LLC's holdings, making the stock its 8th largest position. Empirical Finance LLC's holdings in Micron Technology were worth $44,116,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. M.E. Allison & CO. Inc. boosted its position 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 buying an additional 11 shares during the last quarter. Cherrydale Wealth Management LLC raised its position in Micron Technology by 1.4% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer's stock worth $1,122,000 after buying an additional 13 shares during the last quarter. Bellevue Asset Management LLC lifted its stake in Micron Technology by 25.5% during the 2nd quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer's stock valued at $74,000 after acquiring an additional 13 shares during the period. Mowery & Schoenfeld Wealth Management LLC lifted its stake in Micron Technology by 8.8% during the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer's stock valued at $186,000 after acquiring an additional 13 shares during the period. Finally, Red Door Wealth Management LLC boosted its holdings in shares of Micron Technology by 0.7% in the 2nd quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer's stock valued at $2,209,000 after acquiring an additional 14 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $924.03 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 firm has a fifty day moving average of $928.22 and a 200 day moving average of $760.84. The firm has a market cap of $1.04 trillion, a PE ratio of 20.92, a PEG ratio of 0.62 and a beta of 2.22. Micron Technology, Inc. has a one year low of $154.65 and a one year high of $1,255.00.

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 for the quarter, compared to the consensus estimate of $35.91 billion. During the same period last year, the firm posted $1.91 earnings per share. The company's revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, research analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently declared 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. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology's dividend payout ratio is 1.36%.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the sale, the executive vice president directly owned 85,737 shares in the company, valued at approximately $92,933,763.78. The trade was a 31.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer directly owned 34,958 shares of the company's stock, valued at $34,958,000. The trade was a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 177,204 shares of company stock worth $182,156,264 in the last three months. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MU shares. TD Cowen reiterated a "buy" rating on shares of Micron Technology in a research note on Friday, July 10th. Mizuho decreased their target price on shares of Micron Technology from $1,375.00 to $1,300.00 and set an "outperform" rating for the company in a research report on Tuesday, August 25th. Zacks Research lowered shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 19th. Wells Fargo & Company upped 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, Raymond James Financial lifted their price objective on Micron Technology from $1,100.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $1,295.63.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron’s long-term outlook remains supported by tight DRAM supply, strong HBM demand, and planned expansion of DRAM and HBM manufacturing capacity. Long-term customer agreements could support pricing and growth through 2027 and beyond. Micron Has More Firepower Left in Its Cylinder for the Long Term
• Positive Sentiment: Investors are looking ahead to Micron’s September 30 earnings report, with expectations for continued record DRAM and NAND pricing, strong results, and optimistic forward guidance. Prediction: Micron’s Sept. 30 Earnings Will Confirm the Memory Shortage Isn’t Over
• Neutral Sentiment: Technical analysts are monitoring a closely watched support level after the stock’s decline. A break below that level could signal additional near-term weakness, while stabilization could allow investors to refocus on Micron’s earnings and HBM expansion plans. Micron Stock Sends Urgent Signal as Shares Slide
• Negative Sentiment: Shares declined with other AI-related semiconductor stocks after Anthropic and OpenAI executives called for a slower pace of AI development. Investors fear that a moderation in AI spending could reduce demand expectations for memory chips and weaken the premium valuation assigned to HBM suppliers. Memory Stocks Lead AI Selloff
• Negative Sentiment: Additional risks include the possibility that Nvidia develops chips requiring less expensive memory, while Samsung and SK Hynix gain HBM market share. A report that DeepSeek materially reduced its HBM and SSD requirements has also challenged the assumption that AI usage will translate directly into proportional memory demand. DeepSeek Cut Its KV-Cache HBM Need
• Negative Sentiment: Potentially higher interest rates are adding pressure to high-growth technology stocks and amplifying the sector-wide selloff. Dow Jones Futures: Nvidia, Micron, Sandisk Dive on AI Fears

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron's products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.

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