Neo Ivy Capital Management Cuts Stake in Micron Technology, Inc. $MU

Key Points

• Neo Ivy Capital Management slashed its stake in Micron by 72.4% in Q3, selling 22,361 shares and leaving the fund with 8,514 shares valued at about $1.425 million.
• Several analysts have grown more bullish—firms like Piper Sandler, Bank of America and KeyCorp raised targets into the $400–$450 range—leaving a MarketBeat consensus of Buy with an average price target of $371.83.
• Micron recently reported a strong quarter (EPS $4.78 vs. $3.77 expected, revenue $13.64B, +56.7% YoY) and is ramping AI‑focused products and an assembly/test facility in India, supporting the bullish outlook.

Neo Ivy Capital Management lowered its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 72.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,514 shares of the semiconductor manufacturer's stock after selling 22,361 shares during the period. Neo Ivy Capital Management's holdings in Micron Technology were worth $1,425,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in MU. Sunpointe LLC grew its stake in shares of Micron Technology by 1.3% during the third quarter. Sunpointe LLC now owns 4,011 shares of the semiconductor manufacturer's stock valued at $671,000 after buying an additional 53 shares during the last quarter. LOM Asset Management Ltd lifted its stake in shares of Micron Technology by 21.0% in the 3rd quarter. LOM Asset Management Ltd now owns 10,612 shares of the semiconductor manufacturer's stock valued at $1,776,000 after acquiring an additional 1,845 shares during the last quarter. Barclays PLC lifted its stake in shares of Micron Technology by 3.3% in the 3rd quarter. Barclays PLC now owns 6,796,268 shares of the semiconductor manufacturer's stock valued at $1,137,152,000 after acquiring an additional 215,540 shares during the last quarter. Perennial Investment Advisors LLC boosted its holdings in Micron Technology by 22.8% during the 3rd quarter. Perennial Investment Advisors LLC now owns 4,064 shares of the semiconductor manufacturer's stock valued at $680,000 after acquiring an additional 755 shares during the period. Finally, Crossmark Global Holdings Inc. grew its position in Micron Technology by 8.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 233,046 shares of the semiconductor manufacturer's stock worth $38,993,000 after acquiring an additional 18,490 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on MU shares. Piper Sandler lifted their price target on Micron Technology from $275.00 to $400.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 7th. William Blair started coverage on shares of Micron Technology in a report on Thursday, January 22nd. They issued an "outperform" rating on the stock. Bank of America lifted their target price on shares of Micron Technology from $300.00 to $400.00 and gave the stock a "buy" rating in a research note on Tuesday, January 13th. Wall Street Zen upgraded shares of Micron Technology from a "buy" rating to a "strong-buy" rating in a report on Sunday, November 23rd. Finally, KeyCorp increased their price target on shares of Micron Technology from $325.00 to $450.00 and gave the company an "overweight" rating in a research report on Tuesday, January 13th. Six research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology presently has a consensus rating of "Buy" and an average price target of $371.83.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron began shipping customer samples of its 256GB SOCAMM2 LPDDR5X AI server memory module — its highest‑capacity, power‑efficient AI DRAM — which should support higher ASPs and stronger AI‑server content per box. How Micron’s New 256GB AI Server Memory and India Ramp-Up Will Impact Micron Technology (MU) Investors
• Positive Sentiment: Micron opened and is ramping an advanced assembly & test facility in Sanand, India, expanding global manufacturing footprint to meet AI memory demand and diversify supply chains. Micron Technology, Inc. (MU) Announces the Grand Opening of its Semiconductor Assembly and Test Facility in Sanand, Gujarat, India
• Positive Sentiment: Analysts and research pieces highlight Micron’s AI memory “moat”: HBM tightness, sold‑out 2026 HBM capacity, and guidance that implies very strong margins — supporting upside to earnings expectations. Micron's New Moat: The AI Memory Supercycle
• Positive Sentiment: Earnings‑estimate revisions and momentum scores are improving, with multiple outlets flagging MU as a long‑term/momentum buy given AI demand and recent beat-and-raise results. This supports medium-term bullish case. Earnings Estimates Rising for Micron (MU): Will It Gain?
• Neutral Sentiment: Technical and trading commentary notes MU approaching its 50‑day moving average and offering potential buy points on a rebound; useful for traders but not a fundamental driver. Micron's Setup Sweetens Despite The Current Market Meltdown
• Neutral Sentiment: Mentions in ETF and options strategy pieces (e.g., VLUE holding, short‑put yield ideas) increase investor attention and liquidity but are sideways with respect to immediate fundamentals. Worried About Volatility? These 3 ETFs Have You Covered
• Negative Sentiment: Today’s decline is driven largely by weakness in South Korean memory peers (Samsung, SK Hynix) and a sectorwide selloff; contagion from those losses pressures MU despite company‑specific positives. Micron stock falls as weakness hits global memory sector
• Negative Sentiment: Broader risk‑off drivers — geopolitical tensions (Iran conflict) and macro data/events (investors awaiting February jobs report) — are depressing tech and cyclical names, adding downward pressure on MU. What Is Going On With Micron Tech Stock In Friday Premarket?

Insider Buying and Selling

In other Micron Technology news, Director Steven J. Gomo sold 5,000 shares of the firm's stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $263.63, for a total value of $1,318,150.00. Following the completion of the sale, the director directly owned 19,139 shares in the company, valued at $5,045,614.57. This trade represents a 20.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Manish H. Bhatia sold 26,623 shares of Micron Technology stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total value of $10,410,657.92. Following the sale, the executive vice president directly owned 323,486 shares in the company, valued at approximately $126,495,965.44. The trade was a 7.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders purchased 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. Corporate insiders own 0.24% of the company's stock.

Micron Technology Stock Performance

NASDAQ:MU opened at $370.30 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. The firm's fifty day simple moving average is $379.98 and its 200 day simple moving average is $261.57. The stock has a market cap of $416.78 billion, a P/E ratio of 35.20 and a beta of 1.50. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $455.50.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business had revenue of $13.64 billion during the quarter, compared to analyst estimates of $12.62 billion. During the same period in the prior year, the business earned $1.79 EPS. The company's revenue for the quarter was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, December 29th. Micron Technology's dividend payout ratio is presently 4.37%.

About Micron Technology

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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