QRG Capital Management Inc. Raises Stake in Micron Technology, Inc. $MU

Key Points

• QRG Capital Management increased its Micron stake by 5% in the second quarter, bringing its holdings to 216,617 shares valued at approximately $250 million. Institutional investors collectively own 80.84% of Micron.
• Analysts remain broadly bullish, with an average rating of “Buy” and an average price target of $1,259.97. Micron also exceeded quarterly earnings and revenue expectations, reporting $25.11 in EPS and $41.46 billion in revenue.
• AI-driven demand and tightening DRAM and NAND pricing support Micron’s outlook, but Chinese competition, execution delays and renewed memory-cycle volatility remain key risks; company insiders have also sold substantial shares recently.

QRG Capital Management Inc. grew its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 216,617 shares of the semiconductor manufacturer's stock after acquiring an additional 10,384 shares during the quarter. Micron Technology accounts for approximately 2.1% of QRG Capital Management Inc.'s portfolio, making the stock its 7th largest holding. QRG Capital Management Inc.'s holdings in Micron Technology were worth $250,039,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MU. Ramsey Quantitative Systems bought a new position in shares of Micron Technology during the second quarter valued at about $46,000. Signature Resources Capital Management LLC boosted its holdings in Micron Technology by 1,125.0% during the second quarter. Signature Resources Capital Management LLC now owns 49 shares of the semiconductor manufacturer's stock worth $57,000 after purchasing an additional 45 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Micron Technology during the first quarter worth about $27,000. High Note Wealth LLC grew its position in Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 34 shares in the last quarter. Finally, Bayban purchased a new stake in Micron Technology in the 4th quarter valued at about $29,000. Institutional investors own 80.84% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on MU shares. KeyCorp reissued an "overweight" rating on shares of Micron Technology in a research report on Monday, July 20th. Wells Fargo & Company upped their target price on Micron Technology from $1,220.00 to $1,525.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 price target on Micron Technology in a research report on Monday, June 22nd. ThinkEquity reiterated a "buy" rating on shares of Micron Technology in a report on Monday, August 3rd. Finally, Raymond James Financial boosted their price objective on Micron Technology from $1,100.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $1,259.97.

Micron Technology Trading Up 2.3%

NASDAQ:MU opened at $971.66 on Friday. Micron Technology, Inc. has a 12 month low of $113.46 and a 12 month high of $1,255.00. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The firm's 50 day moving average is $965.49 and its 200 day moving average is $677.08. The stock has a market capitalization of $1.10 trillion, a PE ratio of 22.00 and a beta of 2.18.

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 for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. During the same period in the prior year, the company earned $1.91 earnings per share. 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. Sell-side analysts expect that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were paid 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 is presently 1.36%.

Key Micron Technology News

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

• Positive Sentiment: New Street upgraded Micron to “Buy” from “Neutral” and set a $1,250 price target, citing the possibility that AI is making memory demand less cyclical. The firm projects a potential $2 trillion-$3 trillion valuation for Micron by the end of the decade. Micron Upgraded to Buy on the Claim Memory Stopped Being Cyclical
• Positive Sentiment: DRAM and NAND prices are tightening again, potentially increasing the earnings impact of Micron’s rapidly expanding data-center business. Analysts are continuing to raise revenue estimates and price targets as AI infrastructure spending supports demand for high-bandwidth memory and storage. Micron Stock Jumps as Memory Pricing Tightens Again
• Positive Sentiment: Micron launched a $250 million Micron Ventures Paradigm Fund to invest across the AI technology stack, including model development, computing infrastructure, enterprise applications and physical AI. The initiative could strengthen partnerships and give Micron earlier insight into future memory and storage requirements. Micron Ventures Launches $250 Million Fund
• Neutral Sentiment: Broader semiconductor strength, record U.S. equity benchmarks and easing rate-hike expectations are supporting risk appetite for memory stocks. Technical analysts also identify approximately $1,012 as an important near-term resistance level. Micron Price Forecast
• Negative Sentiment: Risks remain from rising Chinese competition and execution timing. YMTC has surpassed Micron in NAND shipments, while Micron’s new $9.3 billion fabrication plant is not expected to produce chips until 2028. Michael Burry has also increased bearish positions involving Micron, underscoring concerns about valuation, supply growth and a possible return of memory-cycle volatility.

Insider Transactions at Micron Technology

In related news, CEO Sanjay Mehrotra sold 37,439 shares of Micron Technology stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $960.38, for a total value of $35,955,666.82. Following the completion of the sale, the chief executive officer owned 387,064 shares of the company's stock, valued at approximately $371,728,524.32. This trade represents a 8.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the business's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value 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 represents a 31.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 162,179 shares of company stock worth $167,811,861 over the last 90 days. 0.24% of the stock is owned by insiders.

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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