Principal Financial Group Inc. Purchases 326,369 Shares of Micron Technology, Inc. $MU

Key Points

• Principal Financial Group increased its Micron stake by 26.2% in the first quarter, buying 326,369 additional shares and bringing its total holding to 1,572,997 shares valued at about $531.4 million.
• Micron reported better-than-expected quarterly results, with EPS of $25.11 versus $21.39 expected and revenue of $41.46 billion, up 345.8% from a year earlier. The company also guided Q4 2026 EPS to $30.00-$32.00.
• Despite a recent 4.4% share decline, Wall Street remains broadly bullish: several analysts raised price targets, and the consensus rating on the stock is “Buy” with an average target of $1,263.76.

Principal Financial Group Inc. grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 26.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,572,997 shares of the semiconductor manufacturer's stock after buying an additional 326,369 shares during the quarter. Principal Financial Group Inc. owned 0.14% of Micron Technology worth $531,421,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC grew its holdings 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 purchasing an additional 976 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Micron Technology by 21.7% in the 2nd 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 purchased a new position in shares of Micron Technology during the second quarter worth approximately $236,000. Schnieders Capital Management LLC. boosted its holdings in shares of Micron Technology by 67.9% in 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 period. Finally, Sei Investments Co. raised its position in Micron Technology by 5.6% during the 2nd 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. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Micron Technology

In other news, Director Lynn A. Dugle sold 1,300 shares of the company's stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the sale, the director owned 17,728 shares of the company's stock, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the company's stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the sale, the director owned 17,139 shares in the company, valued at approximately $13,488,907.17. This trade represents a 10.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 163,300 shares of company stock worth $152,667,204 in the last ninety days. 0.24% of the stock is owned by company insiders.

Micron Technology Stock Down 4.4%

Shares of NASDAQ MU opened at $936.18 on Tuesday. The firm has a market cap of $1.06 trillion, a price-to-earnings ratio of 21.19 and a beta of 2.14. The company's 50-day simple moving average is $931.65 and its 200-day simple moving average is $584.94. 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, Inc. has a 52-week low of $103.38 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $41.46 billion during the quarter, compared to analysts' expectations of $35.91 billion. During the same quarter 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. Equities analysts predict that Micron Technology, Inc. will post 72.94 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 6th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, July 6th. Micron Technology's dividend payout ratio (DPR) is 1.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MU shares. Wells Fargo & Company increased their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the stock an "overweight" rating in a research report on Thursday, June 25th. Barclays boosted their price objective on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Wedbush increased their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. Mizuho raised their price target on shares of Micron Technology from $1,150.00 to $1,375.00 and gave the company an "outperform" rating in a report on Thursday, June 25th. Finally, KeyCorp boosted their price objective on shares of Micron Technology from $600.00 to $1,600.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $1,263.76.

Micron Technology News Roundup

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

• Positive Sentiment: Micron is still being viewed as a long-term AI winner, with articles highlighting strong demand for DRAM/HBM memory, a persistent supply shortage, and large customer commitments that improve revenue visibility. Micron (MU) Just Put $3 Billion Into GlobalWafers To Secure AI Supply
• Positive Sentiment: Analysts and commentators continue to argue that Micron remains attractively valued after the pullback, pointing to strong growth, buy ratings, and upside potential if AI memory demand stays tight. Micron Offers a Lucrative Investment Opportunity at Current Valuation
• Neutral Sentiment: Several pieces frame Micron as part of a bigger AI-memory cycle, with bullish takes saying the memory market could stay tight for years, but also noting that investors are becoming more cautious after a huge run-up. The SK Hynix IPO and 2027’s AI Memory Squeeze (MU)
• Negative Sentiment: Micron is getting dragged lower in sympathy with SK Hynix and other memory names after a weak outlook from SK Hynix sparked fears that the AI memory rally may be overextended. Micron Stock Drops as Memory Rivals' Surging Spending Stokes Fears
• Negative Sentiment: Broader market weakness, including a Nasdaq selloff and rising oil-related geopolitical concerns, is adding pressure to chip stocks and weighing on Micron shares. Dow Jones Futures: Nasdaq Sells Off, Oil Prices Spike On Trump Blockade; Micron, Sandisk, SK Hynix, SpaceX Dive

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.

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