Micron Technology, Inc. $MU Stock Position Trimmed by Congress Park Capital LLC

Key Points

• Congress Park Capital cut its Micron stake by 25% in the second quarter, selling 1,725 shares and retaining 5,163 shares worth approximately $5.96 million. Institutional investors collectively own 80.84% of Micron.
• Micron reported strong quarterly results, with EPS of $25.11 versus a $21.39 consensus estimate and revenue of $41.46 billion, up 345.8% year over year. Analysts remain bullish, with a consensus “Buy” rating and average price target of $1,259.97.
• Despite improving AI-driven memory demand and tightening DRAM and NAND pricing, risks include Chinese competition, delayed production from Micron’s new fab, elevated valuation and a potential return of memory-cycle volatility. Insiders have also sold $167.8 million of shares over the past 90 days.

Congress Park Capital LLC trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 25.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,163 shares of the semiconductor manufacturer's stock after selling 1,725 shares during the period. Micron Technology accounts for approximately 1.6% of Congress Park Capital LLC's holdings, making the stock its 18th biggest position. Congress Park Capital LLC's holdings in Micron Technology were worth $5,960,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MU. Heritage Trust Co raised its stake in shares of Micron Technology by 9.7% during the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer's stock valued at $4,289,000 after purchasing an additional 1,323 shares in the last quarter. Castleark Management LLC acquired a new stake in Micron Technology in the first quarter worth about $3,709,000. Legacy Wealth Management LLC MS grew its position in Micron Technology by 73.3% in the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer's stock valued at $4,091,000 after buying an additional 1,499 shares in the last quarter. PKO BP BANKOWY Universal Pension Society JSC bought a new position in Micron Technology in the 4th quarter valued at about $61,306,000. Finally, Financial Synergies Wealth Advisors Inc. acquired a new position in Micron Technology during the 4th quarter valued at about $1,316,000. Institutional investors own 80.84% of the company's stock.

Insiders Place Their Bets

In other news, Director Lynn A. Dugle sold 1,300 shares of the business's stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the transaction, the director owned 17,728 shares in the company, valued at approximately $20,394,823.04. The trade was a 6.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 37,439 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $371,728,524.32. This represents a 8.82% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 162,179 shares of company stock valued at $167,811,861. Corporate insiders own 0.24% of the company's stock.

Micron Technology Stock Performance

Shares of MU stock opened at $971.66 on Friday. The company has a market capitalization of $1.10 trillion, a price-to-earnings ratio of 22.00 and a beta of 2.18. Micron Technology, Inc. has a 1-year low of $113.46 and a 1-year 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. The stock's fifty day simple moving average is $965.49 and its 200-day simple moving average is $677.08.

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 (EPS) for the quarter, topping 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 period last year, the company earned $1.91 earnings per share. Micron Technology's quarterly 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. On average, sell-side analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

More Micron Technology News

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

• Positive Sentiment: New Street upgraded Micron to “Buy” from “Neutral” and set a $1,250 price target, citing the possibility that AI is making memory demand less cyclical. The firm projects a potential $2 trillion-$3 trillion valuation for Micron by the end of the decade. Micron Upgraded to Buy on the Claim Memory Stopped Being Cyclical
• Positive Sentiment: DRAM and NAND prices are tightening again, potentially increasing the earnings impact of Micron’s rapidly expanding data-center business. Analysts are continuing to raise revenue estimates and price targets as AI infrastructure spending supports demand for high-bandwidth memory and storage. Micron Stock Jumps as Memory Pricing Tightens Again
• Positive Sentiment: Micron launched a $250 million Micron Ventures Paradigm Fund to invest across the AI technology stack, including model development, computing infrastructure, enterprise applications and physical AI. The initiative could strengthen partnerships and give Micron earlier insight into future memory and storage requirements. Micron Ventures Launches $250 Million Fund
• Neutral Sentiment: Broader semiconductor strength, record U.S. equity benchmarks and easing rate-hike expectations are supporting risk appetite for memory stocks. Technical analysts also identify approximately $1,012 as an important near-term resistance level. Micron Price Forecast
• Negative Sentiment: Risks remain from rising Chinese competition and execution timing. YMTC has surpassed Micron in NAND shipments, while Micron’s new $9.3 billion fabrication plant is not expected to produce chips until 2028. Michael Burry has also increased bearish positions involving Micron, underscoring concerns about valuation, supply growth and a possible return of memory-cycle volatility.

Analyst Upgrades and Downgrades

MU has been the topic of a number of recent analyst reports. Seaport Research Partners restated a "buy" rating on shares of Micron Technology in a research report on Friday. Needham & Company LLC increased their price objective on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the company a "buy" rating in a report on Thursday, June 25th. Rosenblatt Securities raised their price objective on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company a "buy" rating in a research note on Thursday, June 25th. Morgan Stanley boosted their target price on Micron Technology from $1,050.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Thursday, June 25th. Finally, Wedbush upped their target price on 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. Four analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $1,259.97.

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.

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source