South Street Advisors LLC Invests $32.41 Million in Micron Technology, Inc. $MU

South Street Advisors LLC purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 28,078 shares of the semiconductor manufacturer's stock, valued at approximately $32,410,000. Micron Technology makes up about 4.2% of South Street Advisors LLC's portfolio, making the stock its 8th largest position.

A number of other large investors have also recently modified their holdings of the company. High Note Wealth LLC increased its holdings in Micron Technology by 65.4% during 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 during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Micron Technology in the 1st quarter worth $27,000. Bayban bought a new position in shares of Micron Technology during the 4th quarter worth $29,000. Joseph Group Capital Management bought a new position in shares of Micron Technology during the 4th quarter worth $31,000. Finally, Luken Investment Analytics LLC purchased a new position in shares of Micron Technology during the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Buying and Selling at Micron Technology

In related news, Director Lynn A. Dugle sold 1,300 shares of the 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 completion of the transaction, the director directly owned 17,728 shares of the company's stock, valued at $20,394,823.04. This trade represents a 6.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the sale, the executive vice president owned 191,021 shares of the company's stock, valued at $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 177,179 shares of company stock valued at $181,826,211. Insiders own 0.24% of the company's stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron CEO Sanjay Mehrotra said demand for AI memory continues to outpace supply, with industry capacity potentially unable to catch up until 2028. He also described memory as increasingly strategic rather than a commodity. Micron CEO sounds alarm on AI memory crunch
• Positive Sentiment: The company is investing $10 billion in Micron Research Labs to develop next-generation AI memory, supporting its long-term positioning in high-bandwidth memory and other advanced products. Micron CEO’s $10 billion AI-memory investment
• Positive Sentiment: Micron opened a 60,000-square-foot Boise training center and expanded its apprenticeship pipeline, supporting its planned U.S. manufacturing expansion and future workforce needs. Micron Boise training center announcement
• Neutral Sentiment: Analyst sentiment remains broadly favorable, with a consensus “Buy” rating and price targets well above recent trading levels. However, these targets may not offset short-term volatility in the memory cycle and semiconductor sector. Micron consensus Buy recommendation
• Negative Sentiment: Reports that Washington may allow Apple to purchase memory from Chinese suppliers raised concerns about potential demand and pricing pressure for Micron and other memory-chip makers. Memory stocks slide on Apple-China sourcing report
• Negative Sentiment: Investors also reacted to the possibility of a major YMTC initial public offering, which could provide China’s memory industry with additional capital to expand competition. Broad semiconductor de-risking and profit-taking ahead of Nvidia’s results added to selling pressure. Micron and the YMTC threat
• Negative Sentiment: Reports of substantial insider selling, including sales by CEO Sanjay Mehrotra, may have further weakened sentiment by encouraging profit-taking after MU’s strong earlier gains. Micron executive share sales

Micron Technology Stock Performance

Shares of MU opened at $910.43 on Tuesday. Micron Technology, Inc. has a 12 month low of $114.25 and a 12 month high of $1,255.00. The stock has a fifty day moving average price of $963.47 and a 200-day moving average price of $701.56. 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 has a market cap of $1.03 trillion, a PE ratio of 20.61 and a beta of 2.18.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping 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 firm had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the previous year, the business earned $1.91 EPS. The firm's revenue for the quarter was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities research analysts predict 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. The ex-dividend date was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology's payout ratio is presently 1.36%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley lifted their price objective on Micron Technology from $1,050.00 to $1,200.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. Stifel Nicolaus increased their target price on shares of Micron Technology from $550.00 to $1,500.00 and gave the stock a "buy" rating in a report on Thursday, June 18th. Raymond James Financial raised their target price on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. TD Cowen restated a "buy" rating on shares of Micron Technology in a report on Friday, July 10th. Finally, Needham & Company LLC upped their price target on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a "buy" rating in a research report on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $1,261.26.

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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