Navellier & Associates Inc. Purchases 1,751 Shares of Micron Technology, Inc. $MU

Key Points

• Navellier & Associates increased its Micron position by 9.6% in the second quarter, bringing its holdings to 19,915 shares valued at approximately $22.99 million. Institutional investors collectively own 80.84% of Micron’s stock.
• Analysts remain broadly bullish, with 31 Buy and four Strong Buy ratings; the consensus target price is $1,295.63. Micron’s latest quarterly results exceeded expectations, including $25.11 in EPS and $41.46 billion in revenue, up 345.8% year over year.
• Insiders have been selling shares: executives sold 177,204 shares worth $182.2 million over the past 90 days, including a 40,000-share sale by CEO Sanjay Mehrotra. Investors are also weighing strong AI-memory demand against the potential for future HBM oversupply and margin pressure.

Navellier & Associates Inc. grew its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 9.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 19,915 shares of the semiconductor manufacturer's stock after acquiring an additional 1,751 shares during the period. Micron Technology comprises about 1.8% of Navellier & Associates Inc.'s holdings, making the stock its 11th largest holding. Navellier & Associates Inc.'s holdings in Micron Technology were worth $22,988,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. High Note Wealth LLC boosted its position in shares of Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock valued at $25,000 after purchasing an additional 34 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Micron Technology in the first quarter worth $27,000. Bayban bought a new position in Micron Technology in the fourth quarter worth $29,000. WealthCollab LLC raised its holdings in Micron Technology by 4,500.0% in the second quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer's stock worth $34,000 after purchasing an additional 270 shares in the last quarter. Finally, Financial Life Planners purchased a new position in Micron Technology during the first quarter valued at $36,000. Institutional investors own 80.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MU shares. Wolfe Research set a $1,500.00 target price on shares of Micron Technology in a report on Thursday, June 25th. UBS Group reiterated a "buy" rating on shares of Micron Technology in a research note on Monday, August 10th. Needham & Company LLC lifted their price target on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. New Street Research raised shares of Micron Technology from a "neutral" rating to a "buy" rating and set a $1,250.00 price objective on the stock in a research note on Friday, August 14th. Finally, BMO Capital Markets started coverage on shares of Micron Technology in a research note on Friday, August 21st. They set an "outperform" rating and a $1,300.00 price objective on the stock. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Micron Technology has an average rating of "Buy" and an average target price of $1,295.63.

Insider Activity at Micron Technology

In other news, CAO Scott R. Allen sold 879 shares of the company's 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 owned 34,958 shares in the company, valued at approximately $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the transaction, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 177,204 shares of company stock worth $182,156,264 in the last ninety days. 0.24% of the stock is currently owned by company insiders.

Micron Technology Stock Performance

Micron Technology stock opened at $1,016.59 on Tuesday. Micron Technology, Inc. has a 12 month low of $125.66 and a 12 month high of $1,255.00. The company has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 0.64 and a beta of 2.22. The business's fifty day simple moving average is $932.58 and its two-hundred day simple moving average is $741.12. 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 issued its quarterly earnings results 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 firm had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same period last year, the company earned $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. As a group, equities analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company 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 yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology's dividend payout ratio is 1.36%.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Analysts and market commentators remain bullish on Micron’s role as a supplier of high-bandwidth memory (HBM) used in AI systems. Korean memory stocks reportedly surged while U.S. markets were closed, reinforcing expectations that tight AI-memory supply and strong pricing could support Micron’s earnings and its roughly $50 billion outlook. Micron's $50 Billion Guide Gets an 8.3% Signal From Seoul
• Positive Sentiment: A top analyst issued an aggressive new price target for MU, while several articles argue that the memory shortage and AI infrastructure buildout could drive another leg higher. Some forecasts point to continued momentum into and after the Sept. 30 earnings release. Micron, SanDisk get new aggressive price targets from top analyst Prediction: Micron Stock Will Skyrocket After Sept. 30
• Positive Sentiment: Micron’s latest quarterly results substantially exceeded expectations, with $25.11 in EPS and $41.46 billion in revenue, up 345.8% year over year. That performance provides a strong fundamental backdrop for the current rally and raises expectations for another earnings beat.
• Neutral Sentiment: Investors are now focused on whether contract-memory pricing, HBM demand and management’s guidance can justify MU’s elevated valuation and support a move toward the $1,250 area. What Would It Take to Get MU Stock Up to $1,250?
• Negative Sentiment: Micron’s plan to significantly expand HBM capacity could eventually create oversupply, pressure pricing and weaken margins if AI demand fails to keep pace. The stock has also struggled to regain its June peak, prompting questions about whether the rally is losing momentum. Could Doubling HBM Capacity Create an Oversupply Headwind? Is Micron Technology Stock Running Out of Steam?

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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