Pure Financial Advisors LLC Boosts Position in Micron Technology, Inc. $MU

Key Points

• Pure Financial Advisors increased its Micron Technology position by 23.5% in the second quarter, bringing its holdings to 8,505 shares valued at approximately $9.8 million. Institutional investors collectively own 80.84% of Micron’s stock.
• Micron reported quarterly EPS of $25.11, beating estimates of $21.39, while revenue rose 345.8% year over year to $41.46 billion. Analysts maintain a broadly positive view, with the stock carrying an average “Buy” rating and a consensus price target of $1,295.63.
• AI-driven memory demand remains a major growth catalyst, but investors face risks from rising competition, potential future oversupply and insider selling. Executives and directors sold shares worth roughly $182.2 million over the past 90 days.

Pure Financial Advisors LLC raised its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 23.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,505 shares of the semiconductor manufacturer's stock after purchasing an additional 1,620 shares during the quarter. Pure Financial Advisors LLC's holdings in Micron Technology were worth $9,817,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MU. Brighton Jones LLC lifted its stake in Micron Technology by 18.3% during 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 in the last quarter. Sivia Capital Partners LLC raised its position 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 valued at $435,000 after purchasing an additional 628 shares in the last quarter. United Bank acquired a new stake in Micron Technology in the second quarter valued at approximately $236,000. Schnieders Capital Management LLC. raised its holdings in shares of Micron Technology by 67.9% in the 2nd 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 in the last quarter. Finally, Sei Investments Co. raised 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 buying an additional 21,619 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Price Performance

Shares of MU opened at $1,016.59 on Friday. The company has a market cap of $1.15 trillion, a P/E ratio of 23.02, a PEG ratio of 0.64 and a beta of 2.22. The stock has a fifty day moving average price of $935.15 and a 200 day moving average price of $734.51. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. Micron Technology, Inc. has a 12 month low of $125.66 and a 12 month high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (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 for the quarter, compared to analysts' expectations of $35.91 billion. During the same period last year, the business posted $1.91 earnings per share. The firm's quarterly 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, research analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were given a dividend of $0.15 per share. The ex-dividend date was Monday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is 1.36%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup reduced their price objective on shares of Micron Technology from $1,400.00 to $1,150.00 and set a "buy" rating for the company in a research report on Friday, August 7th. TD Cowen reaffirmed a "buy" rating on shares of Micron Technology in a research report on Friday, July 10th. DA Davidson upped their target price on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the stock a "buy" rating in a research report on Thursday, June 25th. UBS Group restated a "buy" rating on shares of Micron Technology in a report on Monday, August 10th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $1,500.00 price objective on shares of Micron Technology in a report on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $1,295.63.

More Micron Technology News

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

• Positive Sentiment: AI memory demand remains the key catalyst. Micron is reportedly increasing production capacity for more profitable, high-demand memory products used in AI servers, including high-bandwidth memory (HBM). Investors see sustained hyperscaler spending as supporting pricing, revenue and margins. Micron is doubling down on AI memory chips
• Positive Sentiment: Memory stocks led the market. Micron and other memory-related companies benefited from renewed enthusiasm for AI infrastructure, the release of a new OpenAI model and expectations that the NAND pricing cycle may be strengthening. Memory and AI-related stocks lead the market
• Positive Sentiment: Analyst upside forecasts added support. Lynx Equity Strategies said volatility has normalized and maintained an aggressive price target of $1,325 for MU, implying substantial potential upside from recent levels. Lynx Equity sees Micron and SanDisk breakout
• Positive Sentiment: Recent operating results provide fundamental support. Micron’s latest reported quarter significantly exceeded earnings and revenue expectations, with revenue up sharply year over year. The company also issued strong fourth-quarter guidance, reinforcing the view that AI-related memory shortages are translating into exceptional profitability.
• Neutral Sentiment: Long-term customer agreements may reduce—but not eliminate—cyclicality. Reports highlight 16 strategic agreements extending through 2030, some with price floors or bands. These contracts could improve earnings visibility, although investors remain concerned that new industry capacity could eventually pressure pricing. Micron’s contracts reveal the next AI bottleneck
• Negative Sentiment: Competition and execution risks remain. Chinese chipmaker CXMT is gaining DRAM market share, while planned capacity investments by Asian producers could eventually create oversupply. Micron also faces potential labor disruption in Taiwan after unions sought substantially higher compensation, creating a risk to costs and supply continuity. Chinese chipmaker CXMT gains DRAM share

Insider Activity at Micron Technology

In other news, Director Lynn Dugle sold 1,300 shares of Micron Technology 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 transaction, the director owned 17,728 shares of the company's stock, valued at $20,394,823.04. The trade was a 6.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP April Arnzen sold 40,000 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The stock was 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. The trade was a 31.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 177,204 shares of company stock worth $182,156,264. Company insiders own 0.24% of the company's stock.

About Micron Technology

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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