Nippon Life Global Investors Americas Inc. acquired a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 56,970 shares of the semiconductor manufacturer's stock, valued at approximately $65,760,000. Micron Technology makes up about 2.6% of Nippon Life Global Investors Americas Inc.'s holdings, making the stock its 12th biggest position.
Other hedge funds and other institutional investors also recently modified their holdings of the company. J.Safra Asset Management Corp boosted its position in shares of Micron Technology by 36.4% in the second quarter. J.Safra Asset Management Corp now owns 3,162 shares of the semiconductor manufacturer's stock valued at $3,650,000 after acquiring an additional 844 shares during the period. Global Retirement Partners LLC bought a new stake in Micron Technology in the 2nd quarter valued at about $46,624,000. Alberta Investment Management Corp acquired a new position in shares of Micron Technology during the 2nd quarter worth approximately $115,429,000. Elite Life Management LLC grew its position in shares of Micron Technology by 32.0% during the 2nd quarter. Elite Life Management LLC now owns 483 shares of the semiconductor manufacturer's stock worth $558,000 after purchasing an additional 117 shares in the last quarter. Finally, SCS Capital Management LLC increased its holdings in shares of Micron Technology by 4.5% during the second quarter. SCS Capital Management LLC now owns 936 shares of the semiconductor manufacturer's stock worth $1,080,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.
Insider Transactions at Micron Technology
In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the transaction, the executive vice president directly owned 85,737 shares in the company, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the sale, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 217,179 shares of company stock valued at $220,582,211 over the last three months. Company insiders own 0.24% of the company's stock.
Micron Technology Stock Performance
NASDAQ MU opened at $938.40 on Thursday. The firm's fifty day moving average price is $959.62 and its two-hundred day moving average price is $709.37. The stock has a market cap of $1.06 trillion, a PE ratio of 21.25 and a beta of 2.18. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. Micron Technology, Inc. has a fifty-two week low of $114.25 and a fifty-two week high of $1,255.00.
Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating analysts' consensus estimates of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company had revenue of $41.46 billion during the quarter, compared to analysts' expectations of $35.91 billion. During the same period in the prior year, the company earned $1.91 EPS. Micron Technology'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. On average, equities analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.
Micron Technology Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology's dividend payout ratio is presently 1.36%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Raymond James Financial boosted their price target 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. Susquehanna lifted their price objective on Micron Technology from $1,750.00 to $2,000.00 and gave the company a "positive" rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft increased their target price on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a "buy" rating in a report on Thursday, June 25th. Wedbush raised their price target 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. Finally, Mizuho dropped their price target on Micron Technology from $1,375.00 to $1,300.00 and set an "outperform" rating for the company in a research note on Tuesday. Four 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. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $1,295.63.
Read Our Latest Research Report on MU
Key Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Analyst optimism is supporting the rebound. BMO initiated coverage with an “outperform” rating and a $1,300 price target, while Mizuho maintained its “outperform” rating and set a $1,300 target despite lowering its estimate from $1,375. Finance giant sets aggressive Micron stock target after earnings
- Positive Sentiment: Investor commentary remains bullish on Micron’s long-term growth. The company’s latest quarter generated approximately $41.5 billion in revenue, up more than 345% year over year, with earnings substantially exceeding expectations. Analysts and commentators also point to accelerating revenue and profit growth and the possibility of the stock reaching $1,300 by year-end. Prediction: Micron Stock Will Reach $1,300 by the End of 2026
- Positive Sentiment: Reports that DRAM and high-bandwidth memory prices could rise sharply this quarter reinforce Micron’s pricing power. Demand from AI data centers continues to exceed supply, while management expects the memory industry to expand over the long run. Memory Shortage Deepens to Worst Levels Since 2017
- Neutral Sentiment: Micron promoted Manish Bhatia to president and chief operating officer and Scott DeBoer to president and chief technology and products officer. The changes are intended to improve execution and innovation as AI-related memory demand grows, but their financial impact will take time to assess. Micron Announces Leadership Appointments
- Neutral Sentiment: Micron will report fiscal fourth-quarter results on September 30. The release is a potential catalyst because investors will look for evidence that AI demand, pricing and margins remain strong. Micron to Report Fiscal Fourth Quarter Results
- Negative Sentiment: Risks include competition from China’s YMTC, the possibility that long-term contracts limit Micron’s ability to capture rising spot prices, and the memory industry’s historically cyclical downturns. CEO Sanjay Mehrotra’s sale of 40,000 shares for approximately $38.8 million—and continued insider selling without reported purchases—may also weigh on sentiment. Sanjay Mehrotra Sells 40,000 Shares
Micron Technology Profile
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Free Report)
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.
Further Reading
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