Shaker Investments LLC OH Lowers Position in Micron Technology, Inc. $MU

Key Points

• Shaker Investments LLC OH cut its Micron stake by 11.9% in the second quarter, selling 1,987 shares and retaining 14,705 shares worth about $16.97 million. Micron remains the fund’s second-largest holding and represents 6.1% of its portfolio.
• Micron reported strong quarterly results, with EPS of $25.11 versus $21.39 expected and revenue of $41.46 billion, up 345.8% year over year. The stock opened at $971.66, while analysts maintain a consensus “Buy” rating and an average price target of $1,259.97.
• Institutional investors own 80.84% of Micron, but insiders sold 162,179 shares worth $167.8 million during the quarter. Analysts cite tightening DRAM and NAND pricing and AI-driven demand as positives, while Chinese competition, execution timing and memory-cycle volatility remain key risks.

Shaker Investments LLC OH reduced its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 11.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 14,705 shares of the semiconductor manufacturer's stock after selling 1,987 shares during the quarter. Micron Technology accounts for approximately 6.1% of Shaker Investments LLC OH's portfolio, making the stock its 2nd largest holding. Shaker Investments LLC OH's holdings in Micron Technology were worth $16,974,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MU. Vanguard Group Inc. boosted its stake in Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock valued at $30,427,016,000 after acquiring an additional 1,954,644 shares during the last quarter. State Street Corp grew its position in shares of Micron Technology by 2.1% during the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer's stock valued at $15,061,310,000 after acquiring an additional 1,090,644 shares during the period. Norges Bank purchased a new stake in shares of Micron Technology during the 4th quarter worth approximately $6,433,456,000. Morgan Stanley increased its stake in shares of Micron Technology by 5.1% during the 4th quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer's stock worth $4,679,771,000 after purchasing an additional 794,289 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Micron Technology by 1.9% in the 4th quarter. Northern Trust Corp now owns 10,654,349 shares of the semiconductor manufacturer's stock worth $3,040,858,000 after purchasing an additional 194,550 shares during the period. Institutional investors own 80.84% of the company's stock.

Insider Buying and Selling

In other news, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction dated 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 sale, the director directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $92,933,763.78. This trade represents a 31.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 162,179 shares of company stock worth $167,811,861. Company insiders own 0.24% of the company's stock.

Micron Technology Stock Up 2.3%

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 market cap of $1.10 trillion, a PE ratio of 22.00 and a beta of 2.18. 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 company has a 50 day moving average of $965.49 and a 200 day moving average of $677.08.

Micron Technology (NASDAQ:MU - Get Free Report) last issued 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. The business had revenue of $41.46 billion for the quarter, compared to analysts' expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business's revenue for the quarter was up 345.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, sell-side analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology's dividend payout ratio is 1.36%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Susquehanna upped their price objective on Micron Technology from $1,750.00 to $2,000.00 and gave the company a "positive" rating in a research note on Thursday, June 25th. Weiss Ratings reissued a "buy (b)" rating on shares of Micron Technology in a research report on Friday, August 7th. New Street Research upgraded Micron Technology from a "neutral" rating to a "buy" rating and set a $1,250.00 target price on the stock in a research note on Friday. Stifel Nicolaus upped their price target on Micron Technology from $550.00 to $1,500.00 and gave the company a "buy" rating in a research report on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price target 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. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $1,259.97.

Trending Headlines about Micron Technology

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.

Micron Technology Company 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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