NS Partners Ltd Acquires 14,518 Shares of Micron Technology, Inc. $MU

Key Points

• NS Partners increased its Micron position by 49.8% in the second quarter, acquiring 14,518 shares for a total of 43,692 shares valued at approximately $50.4 million. Institutional investors and hedge funds collectively own 80.84% of Micron.
• Micron reported quarterly earnings of $25.11 per share, beating estimates of $21.39, while revenue reached $41.46 billion and rose 345.8% year over year. The company also guided for fourth-quarter earnings of $30.00–$32.00 per share.
• Wall Street remains broadly positive, with an average “Buy” rating and a $1,295.63 price target, supported by strong AI-related memory demand. However, recent insider selling and concerns about future memory oversupply and Chinese competition present risks.

NS Partners Ltd raised its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 49.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,692 shares of the semiconductor manufacturer's stock after acquiring an additional 14,518 shares during the quarter. Micron Technology comprises 2.2% of NS Partners Ltd's investment portfolio, making the stock its 12th biggest holding. NS Partners Ltd's holdings in Micron Technology were worth $50,433,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. State Street Corp increased its holdings in Micron Technology by 2.1% in the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer's stock worth $15,061,310,000 after purchasing an additional 1,090,644 shares in the last quarter. Andar Capital Management HK Ltd lifted its position in shares of Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock valued at $39,571,847,000 after acquiring an additional 34,278,413 shares during the period. Norges Bank acquired a new position in shares of Micron Technology during the 4th quarter valued at $6,433,456,000. Primecap Management Co. CA bought a new position in Micron Technology during the second quarter worth $22,182,263,000. Finally, Morgan Stanley boosted its stake in Micron Technology by 5.1% during the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer's stock worth $4,679,771,000 after acquiring an additional 794,289 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Price Performance

Micron Technology stock opened at $1,000.26 on Wednesday. Micron Technology, Inc. has a 52 week low of $131.56 and a 52 week high of $1,255.00. The company's 50 day moving average price is $929.50 and its two-hundred day moving average price is $745.20. The stock has a market cap of $1.13 trillion, a P/E ratio of 22.65, a P/E/G ratio of 0.64 and a beta of 2.22. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping analysts' consensus estimates of $21.39 by $3.72. The company had revenue of $41.46 billion for the quarter, compared to analysts' expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business's revenue for the quarter was up 345.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology's payout ratio is presently 1.36%.

Wall Street Analyst Weigh In

MU has been the topic of a number of research reports. Needham & Company LLC upped their price target on Micron Technology from $1,550.00 to $1,650.00 and gave the stock a "buy" rating in a research note on Thursday, June 25th. New Street Research upgraded Micron Technology from a "neutral" rating to a "buy" rating and set a $1,250.00 price objective for the company in a report on Friday, August 14th. Citigroup lowered their target price on Micron Technology from $1,400.00 to $1,150.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Erste Group Bank raised shares of Micron Technology from a "hold" rating to a "buy" rating in a research report on Thursday, June 25th. Finally, UBS Group restated a "buy" rating on shares of Micron Technology in a research note on Monday, August 10th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $1,295.63.

Insider Activity

In other news, EVP April Arnzen sold 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the sale, the executive vice president owned 85,737 shares in the company, valued at $92,933,763.78. This trade represents a 31.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. This trade represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is owned by insiders.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data
• Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk
• Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom
• Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000
• Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now
• Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron's products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.

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