Saudi Central Bank Purchases 37,398 Shares of Micron Technology, Inc. $MU

Key Points

• Saudi Central Bank increased its Micron stake by 8.3%, purchasing 37,398 shares to reach 487,488 shares valued at approximately $562.7 million. Micron now represents 7.2% of the bank’s portfolio, while institutional investors collectively own 80.84% of the company.
• Micron’s outlook is supported by strong AI-related demand and constrained memory supply. The company exceeded quarterly earnings and revenue estimates, and analysts maintain a consensus “Buy” rating with an average price target of $1,295.63.
• Risks include elevated valuation and insider selling. Executives and directors sold shares recently, with insiders selling 177,204 shares worth about $182.2 million over 90 days, while investors remain concerned that much of the AI-driven upside may already be priced in.

Saudi Central Bank lifted its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 487,488 shares of the semiconductor manufacturer's stock after purchasing an additional 37,398 shares during the quarter. Micron Technology accounts for 7.2% of Saudi Central Bank's portfolio, making the stock its largest position. Saudi Central Bank's holdings in Micron Technology were worth $562,703,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. M.E. Allison & CO. Inc. lifted its holdings in Micron Technology by 0.8% during the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer's stock worth $1,528,000 after acquiring an additional 11 shares in the last quarter. Cherrydale Wealth Management LLC grew its stake in Micron Technology by 1.4% in the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer's stock valued at $1,122,000 after acquiring an additional 13 shares during the period. Bellevue Asset Management LLC increased its holdings in shares of Micron Technology by 25.5% in the second quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer's stock worth $74,000 after acquiring an additional 13 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC increased its holdings in shares of Micron Technology by 8.8% in the second quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer's stock worth $186,000 after acquiring an additional 13 shares in the last quarter. Finally, Red Door Wealth Management LLC raised its position in shares of Micron Technology by 0.7% during the second quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer's stock worth $2,209,000 after purchasing an additional 14 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.

More Micron Technology News

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

• Positive Sentiment: AI demand and supply constraints remain major tailwinds. Oracle’s strong cloud-infrastructure growth reinforced expectations for continued data-center AI spending, while limited DRAM and high-bandwidth memory supply could support Micron’s pricing and margins. Micron Stock Rises as This Key Number From Oracle Boosts AI Trade
• Positive Sentiment: Long-term customer agreements may reduce earnings volatility. Micron’s strategic contracts reportedly cover substantial memory volumes through 2030, with pricing protections that improve revenue visibility and could make the company less exposed to the traditional boom-and-bust memory cycle. Micron Bets on Long-Term SCA Deals
• Positive Sentiment: Analysts remain constructive ahead of fiscal fourth-quarter results. Bullish commentary points to persistent shortages, rising HBM4 demand and potentially strong revenue and gross-margin guidance at the September 30 earnings report. Micron’s Q4 Might Change the Game
• Neutral Sentiment: Employee rewards highlight both strong profitability and rising costs. Taiwan-based direct labor employees are slated to receive fiscal 2026 rewards equivalent to 35–68 months of pay. The payouts recognize exceptional results but may increase expense pressure, while unions representing about 10,000 workers continue to threaten industrial action. Micron’s Taiwan Workers to Get Rewards Worth Up to 68 Months of Pay
• Negative Sentiment: Valuation and execution expectations are unusually high. Despite record guidance and worsening shortages, investors appear concerned that much of the AI-memory upside is already reflected in MU’s valuation. Any moderation in memory pricing or results that merely meet expectations could trigger profit-taking. Micron’s 662% Rally Created a Problem Wall Street Cannot Ignore
• Negative Sentiment: Competitive and macroeconomic risks are weighing on sentiment. Intel-backed startup Kepler Computing is targeting the memory-chip market, raising concerns about future pricing power. Separately, higher oil prices, inflation worries and interest-rate pressure have hurt high-beta technology stocks. Micron Stock Slips as Intel-Backed Start-up Takes Aim at Memory-Chip Market

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction 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 transaction, the executive vice president owned 85,737 shares in the company, valued at approximately $92,933,763.78. This represents a 31.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lynn A. Dugle sold 1,300 shares of the firm's stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the transaction, the director directly owned 17,728 shares of the company's stock, valued at approximately $20,394,823.04. This trade represents a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is currently owned by corporate insiders.

Micron Technology Stock Down 0.2%

MU stock opened at $975.26 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The stock has a market capitalization of $1.10 trillion, a P/E ratio of 22.08, a P/E/G ratio of 0.62 and a beta of 2.22. The business has a 50-day moving average of $929.44 and a 200-day moving average of $754.92. Micron Technology, Inc. has a fifty-two week low of $153.21 and a fifty-two week high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping 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 business had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same period last year, the company earned $1.91 earnings per share. Micron Technology's quarterly revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm 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. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology's dividend payout ratio (DPR) is currently 1.36%.

Analyst Ratings Changes

MU has been the topic of several recent analyst reports. Susquehanna lifted their price objective on Micron Technology from $1,750.00 to $2,000.00 and gave the company a "positive" rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft increased their target price on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a "buy" rating in a research note on Thursday, June 25th. Rosenblatt Securities raised their target price on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the stock a "buy" rating in a report on Thursday, June 25th. KeyCorp reaffirmed an "overweight" rating on shares of Micron Technology in a research note on Monday, July 20th. Finally, Wells Fargo & Company upped their price target on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the company an "overweight" rating 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 issued a Hold rating to the company's stock. According to data from MarketBeat.com, Micron Technology has a consensus rating of "Buy" and a consensus target price of $1,295.63.

Micron Technology Company 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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