SPX Gestao de Recursos Ltda Acquires 16,868 Shares of Micron Technology, Inc. $MU

Key Points

• SPX Gestao de Recursos increased its Micron stake by 7,845.6% in the second quarter, acquiring 16,868 additional shares for a total holding of 17,083 shares valued at $19.7 million. Institutional investors collectively own 80.84% of Micron.
• Micron reported quarterly EPS of $25.11 and revenue of $41.46 billion, surpassing estimates and representing 345.8% year-over-year revenue growth. Analysts maintain a consensus “Buy” rating with an average price target of $1,295.63.
• Micron insiders have sold 177,204 shares worth $182.2 million over the past quarter, including 40,000 shares sold by CEO Sanjay Mehrotra for $38.8 million. The company also declared a quarterly dividend of $0.15 per share, yielding approximately 0.1%.

SPX Gestao de Recursos Ltda raised its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 7,845.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,083 shares of the semiconductor manufacturer's stock after acquiring an additional 16,868 shares during the quarter. Micron Technology makes up about 2.0% of SPX Gestao de Recursos Ltda's portfolio, making the stock its 19th biggest position. SPX Gestao de Recursos Ltda's holdings in Micron Technology were worth $19,719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MU. Cornerstone Select Advisors LLC lifted its stake in shares of Micron Technology by 8.7% during the 2nd quarter. Cornerstone Select Advisors LLC now owns 14,227 shares of the semiconductor manufacturer's stock worth $16,422,000 after purchasing an additional 1,133 shares during the last quarter. Strata Wealth Advisors LLC grew its stake in Micron Technology by 18.7% in the second quarter. Strata Wealth Advisors LLC now owns 1,268 shares of the semiconductor manufacturer's stock valued at $1,464,000 after purchasing an additional 200 shares during the last quarter. Fort Sheridan Advisors LLC raised its holdings in Micron Technology by 2.3% in the second quarter. Fort Sheridan Advisors LLC now owns 4,433 shares of the semiconductor manufacturer's stock worth $5,116,000 after purchasing an additional 100 shares in the last quarter. Moran Wealth Management LLC raised its holdings in Micron Technology by 6.1% in the second quarter. Moran Wealth Management LLC now owns 23,844 shares of the semiconductor manufacturer's stock worth $27,523,000 after purchasing an additional 1,379 shares in the last quarter. Finally, Insight Advisors LLC PA lifted its position in shares of Micron Technology by 23.1% during the second quarter. Insight Advisors LLC PA now owns 3,065 shares of the semiconductor manufacturer's stock valued at $3,538,000 after buying an additional 576 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $1,016.59 on Tuesday. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 52-week low of $125.66 and a 52-week high of $1,255.00. The stock has a market cap of $1.15 trillion, a price-to-earnings ratio of 23.02, a PEG ratio of 0.64 and a beta of 2.22. The business has a 50-day moving average price of $932.58 and a 200-day moving average price of $741.12.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 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 firm had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. During the same quarter in the prior year, the firm earned $1.91 earnings per share. Micron Technology'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 analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently announced 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. 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 1.36%.

Insider Activity

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lynn Dugle sold 1,300 shares of the company'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 sale, the director directly owned 17,728 shares in the company, valued at approximately $20,394,823.04. The trade was a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 177,204 shares of company stock valued at $182,156,264 over the last quarter. 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: Analysts and market commentators remain bullish on Micron’s role as a supplier of high-bandwidth memory (HBM) used in AI systems. Korean memory stocks reportedly surged while U.S. markets were closed, reinforcing expectations that tight AI-memory supply and strong pricing could support Micron’s earnings and its roughly $50 billion outlook. Micron's $50 Billion Guide Gets an 8.3% Signal From Seoul
• Positive Sentiment: A top analyst issued an aggressive new price target for MU, while several articles argue that the memory shortage and AI infrastructure buildout could drive another leg higher. Some forecasts point to continued momentum into and after the Sept. 30 earnings release. Micron, SanDisk get new aggressive price targets from top analyst Prediction: Micron Stock Will Skyrocket After Sept. 30
• Positive Sentiment: Micron’s latest quarterly results substantially exceeded expectations, with $25.11 in EPS and $41.46 billion in revenue, up 345.8% year over year. That performance provides a strong fundamental backdrop for the current rally and raises expectations for another earnings beat.
• Neutral Sentiment: Investors are now focused on whether contract-memory pricing, HBM demand and management’s guidance can justify MU’s elevated valuation and support a move toward the $1,250 area. What Would It Take to Get MU Stock Up to $1,250?
• Negative Sentiment: Micron’s plan to significantly expand HBM capacity could eventually create oversupply, pressure pricing and weaken margins if AI demand fails to keep pace. The stock has also struggled to regain its June peak, prompting questions about whether the rally is losing momentum. Could Doubling HBM Capacity Create an Oversupply Headwind? Is Micron Technology Stock Running Out of Steam?

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MU shares. Sanford C. Bernstein set a $1,300.00 price objective on shares of Micron Technology in a research report on Monday, June 22nd. ThinkEquity restated a "buy" rating on shares of Micron Technology in a research note on Monday, August 3rd. Erste Group Bank upgraded Micron Technology from a "hold" rating to a "buy" rating in a report on Thursday, June 25th. Stifel Nicolaus raised their price objective on Micron Technology from $550.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Thursday, June 18th. Finally, Wedbush raised their price objective on Micron Technology from $1,300.00 to $1,400.00 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-one have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Micron Technology currently has a consensus rating of "Buy" and an average price target of $1,295.63.

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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