Nykredit A S Purchases Shares of 367,488 Micron Technology, Inc. $MU

Key Points

• Nykredit A S purchased 367,488 Micron shares worth approximately $424.2 million, making Micron its 11th-largest holding and about 1.3% of its portfolio. Institutional investors and hedge funds collectively own 80.84% of Micron.
• Micron reported a substantial quarterly beat, with EPS of $25.11 versus the $21.39 consensus and revenue of $41.46 billion, up 345.8% year over year. Analysts maintain a consensus “Buy” rating and an average price target of $1,295.63.
• Despite strong AI-driven demand and potential multiyear memory-supply agreements, investors face risks from Micron’s sharp rally, high valuation, cyclical memory markets and possible renewed oversupply. Company insiders sold more than $182 million of stock over the past 90 days.

Nykredit A S purchased a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 367,488 shares of the semiconductor manufacturer's stock, valued at approximately $424,188,000. Micron Technology makes up approximately 1.3% of Nykredit A S's investment portfolio, making the stock its 11th largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the company. JNBA Financial Advisors lifted its stake in Micron Technology by 77.3% in the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer's stock valued at $45,000 after acquiring an additional 17 shares in the last quarter. Ramsey Quantitative Systems bought a new position in shares of Micron Technology during the 2nd quarter worth approximately $46,000. RHL Group LLC bought a new position in shares of Micron Technology during the 2nd quarter worth approximately $47,000. Philadelphia Investment Partners LLC acquired a new stake in shares of Micron Technology in the second quarter valued at approximately $54,000. Finally, Signature Resources Capital Management LLC raised its holdings in shares of Micron Technology by 1,125.0% in the second quarter. Signature Resources Capital Management LLC now owns 49 shares of the semiconductor manufacturer's stock valued at $57,000 after purchasing an additional 45 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Price Performance

Shares of MU opened at $977.41 on Friday. The company has a market cap of $1.10 trillion, a price-to-earnings ratio of 22.13, a PEG ratio of 0.65 and a beta of 2.22. Micron Technology, Inc. has a 1-year low of $147.61 and a 1-year high of $1,255.00. The company's fifty day simple moving average is $929.44 and its 200 day simple moving average is $753.37. 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 posted its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $21.39 by $3.72. The firm had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company's quarterly revenue was up 345.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend 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 Upgrades and Downgrades

Several research analysts recently commented on MU shares. Barclays increased their target price on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an "overweight" rating in a report on Thursday, June 25th. Wolfe Research set a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 25th. Cantor Fitzgerald reissued an "overweight" rating and set a $1,500.00 price target on shares of Micron Technology in a research report on Thursday, June 25th. UBS Group restated a "buy" rating on shares of Micron Technology in a research note on Monday, August 10th. Finally, Rosenblatt Securities raised their price objective on Micron Technology from $1,200.00 to $1,500.00 and gave the company a "buy" rating in a report on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Micron Technology presently has an average rating of "Buy" and a consensus price target of $1,295.63.

Insider Buying and Selling

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the business's 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 transaction, the executive vice president owned 191,021 shares of the company's stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lynn A. Dugle sold 1,300 shares of the company's stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the sale, the director owned 17,728 shares in the company, valued at $20,394,823.04. This represents a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 177,204 shares of company stock worth $182,156,264 in the last 90 days. 0.24% of the stock is owned by corporate insiders.

Micron Technology News Summary

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

• Positive Sentiment: Micron has reportedly signed multiyear strategic customer agreements covering approximately $22 billion in memory supply through 2030, including guaranteed floor prices. The contracts could improve revenue visibility and reduce the impact of the traditional memory-chip cycle. Micron: The Show Goes On
• Positive Sentiment: AI data-center demand continues to strain DRAM and high-bandwidth memory supplies. Micron is reportedly only 1.6 percentage points behind the No. 2 DRAM supplier after narrowing a 6.4-point gap in one quarter, suggesting potential market-share gains. Micron Is 1.6 Points From Taking the No. 2 Spot in DRAM
• Positive Sentiment: Recent results were exceptionally strong: quarterly revenue rose 345.8% year over year to $41.46 billion, while earnings exceeded analyst estimates. Analysts remain focused on whether elevated memory pricing and AI demand can support another leg higher. Micron's Earnings Could Be a Catalyst for AI
• Neutral Sentiment: Investors are looking ahead to Micron’s September 30 earnings report for evidence that margins, memory prices and demand remain durable after the stock’s major AI-driven rally. A bullish outlook points to multiyear supply shortages, while historical memory cycles remain a concern. Micron's Boom-and-Bust Risk
• Negative Sentiment: Thursday’s decline reflected a wider memory-stock selloff as rising oil prices increased inflation and interest-rate concerns, pressuring high-beta technology shares. Why Memory Stocks Are Falling
• Negative Sentiment: Valuation concerns have intensified after MU’s 662% one-year rally. Critics argue much of the AI upside is already reflected in the stock, while dependence on a major customer and the possibility of renewed memory oversupply create downside risk. Micron's Rally Created a Problem Wall Street Cannot Ignore
• Negative Sentiment: Intel-backed startup Kepler Computing is targeting the memory-chip market, raising longer-term competitive concerns. Investors are also questioning whether China’s AI-chip development could eventually weaken Micron’s pricing power. Intel-Backed Startup Takes Aim at Memory

About Micron Technology

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.

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU - Free Report).

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.