New Mexico Educational Retirement Board Buys 3,100 Shares of Micron Technology, Inc. $MU

Key Points

• New Mexico Educational Retirement Board increased its Micron stake by 5.9%, purchasing 3,100 shares to own 55,975 shares valued at approximately $64.6 million. Institutional investors collectively hold 80.84% of Micron’s stock.
• Micron reported a strong quarter, with $25.11 in EPS and $41.46 billion in revenue, representing 345.8% year-over-year growth. Analysts maintain a broadly bullish view, with an average “Buy” rating and a $1,295.63 price target.
• Micron’s outlook is supported by robust AI-related high-bandwidth memory demand, but investors are monitoring valuation, potential HBM oversupply and recent insider selling. The stock opened at $1,016.59 and remains well above its 50-day and 200-day moving averages.

New Mexico Educational Retirement Board boosted its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 5.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,975 shares of the semiconductor manufacturer's stock after buying an additional 3,100 shares during the quarter. Micron Technology makes up about 1.6% of New Mexico Educational Retirement Board's holdings, making the stock its 8th biggest position. New Mexico Educational Retirement Board's holdings in Micron Technology were worth $64,611,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MU. Brighton Jones LLC increased its stake in shares of Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after acquiring an additional 976 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Micron Technology by 21.7% during the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer's stock worth $435,000 after acquiring an additional 628 shares in the last quarter. United Bank acquired a new stake in Micron Technology during the second quarter valued at $236,000. Schnieders Capital Management LLC. boosted its position in Micron Technology by 67.9% during the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer's stock valued at $2,093,000 after purchasing an additional 6,867 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Micron Technology by 5.6% in the second quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer's stock valued at $49,987,000 after purchasing an additional 21,619 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

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?

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MU. Needham & Company LLC upped their target price on Micron Technology from $1,550.00 to $1,650.00 and gave the stock a "buy" rating in a research report on Thursday, June 25th. Wolfe Research set a $1,500.00 price target on Micron Technology in a report on Thursday, June 25th. UBS Group reissued a "buy" rating on shares of Micron Technology in a research note on Monday, August 10th. Mizuho dropped their price objective on Micron Technology from $1,375.00 to $1,300.00 and set an "outperform" rating on the stock in a report on Tuesday, August 25th. Finally, Seaport Research Partners reaffirmed a "buy" rating on shares of Micron Technology in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $1,295.63.

Micron Technology Stock Performance

NASDAQ:MU opened at $1,016.59 on Tuesday. The firm has a market capitalization of $1.15 trillion, a PE ratio of 23.02, a PEG ratio of 0.64 and a beta of 2.22. Micron Technology, Inc. has a 1 year low of $125.66 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 firm's fifty day simple moving average is $932.58 and its 200 day simple moving average is $741.12.

Micron Technology (NASDAQ:MU - Get Free Report) last released 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. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. During the same quarter in the previous year, the business earned $1.91 EPS. The business'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. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current 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%.

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares of the company's stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Scott R. Allen sold 879 shares of the company's stock in a transaction that occurred on Thursday, July 23rd. The stock was 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 of the company's stock, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 177,204 shares of company stock worth $182,156,264 over the last 90 days. Company insiders own 0.24% of the company's stock.

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.