Teachers Retirement System of The State of Kentucky Reduces Stock Position in Micron Technology, Inc. $MU

Key Points

• Teachers Retirement System of the State of Kentucky cut its stake in Micron Technology by 9.9% in Q3, selling 20,300 shares and leaving it with 185,653 shares valued at about $31.06 million.
• Insider activity was mixed: EVP Manish H. Bhatia sold 26,623 shares for roughly $10.41 million (a 7.6% reduction), while director Teyin M. Liu bought 11,600 shares (a 428% increase); insiders sold 73,623 shares and bought 23,200 shares in the last three months.
• Micron beat earnings (EPS $4.78 vs. $3.77; revenue $13.64B) and has strong analyst support — consensus rating "Buy" with a $371.83 price target and several firms raising targets (e.g., UBS $475, Stifel $550, Piper Sandler $400).

Teachers Retirement System of The State of Kentucky cut its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 185,653 shares of the semiconductor manufacturer's stock after selling 20,300 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Micron Technology were worth $31,063,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strive Asset Management LLC bought a new position in Micron Technology in the 3rd quarter worth about $3,346,000. Focus Partners Advisor Solutions LLC lifted its holdings in shares of Micron Technology by 107.2% in the third quarter. Focus Partners Advisor Solutions LLC now owns 17,983 shares of the semiconductor manufacturer's stock worth $3,009,000 after buying an additional 9,302 shares in the last quarter. Becker Capital Management Inc. boosted its position in shares of Micron Technology by 8.0% in the third quarter. Becker Capital Management Inc. now owns 6,284 shares of the semiconductor manufacturer's stock valued at $1,051,000 after acquiring an additional 464 shares during the period. Kingsview Wealth Management LLC boosted its position in shares of Micron Technology by 9.1% in the third quarter. Kingsview Wealth Management LLC now owns 6,504 shares of the semiconductor manufacturer's stock valued at $1,088,000 after acquiring an additional 540 shares during the period. Finally, 111 Capital grew its stake in Micron Technology by 12.0% during the third quarter. 111 Capital now owns 34,932 shares of the semiconductor manufacturer's stock valued at $5,845,000 after acquiring an additional 3,753 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Manish H. Bhatia sold 26,623 shares of the business's stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total value of $10,410,657.92. Following the completion of the transaction, the executive vice president directly owned 323,486 shares of the company's stock, valued at approximately $126,495,965.44. The trade was a 7.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Teyin M. Liu purchased 11,600 shares of Micron Technology stock in a transaction dated Tuesday, January 13th. The shares were acquired at an average cost of $337.07 per share, for a total transaction of $3,910,012.00. Following the completion of the transaction, the director owned 14,310 shares of the company's stock, valued at approximately $4,823,471.70. This represents a 428.04% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 23,200 shares of company stock worth $7,821,723 and sold 73,623 shares worth $27,307,408. 0.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on MU shares. The Goldman Sachs Group reissued a "neutral" rating and issued a $360.00 price target on shares of Micron Technology in a report on Monday. William Blair initiated coverage on Micron Technology in a research report on Thursday, January 22nd. They issued an "outperform" rating on the stock. Raymond James Financial boosted their target price on Micron Technology from $190.00 to $310.00 and gave the stock an "outperform" rating in a research report on Thursday, December 18th. Weiss Ratings restated a "buy (b-)" rating on shares of Micron Technology in a research note on Thursday, January 29th. Finally, Piper Sandler raised their price target on Micron Technology from $275.00 to $400.00 and gave the company an "overweight" rating in a report on Wednesday, January 7th. Six research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $371.83.

Micron Technology Trading Up 0.1%

Shares of MU opened at $412.67 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78. The firm has a market capitalization of $464.46 billion, a price-to-earnings ratio of 39.23 and a beta of 1.50. The company has a 50-day moving average of $371.72 and a 200 day moving average of $256.07. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $455.50.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating analysts' consensus estimates of $3.77 by $1.01. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The business had revenue of $13.64 billion during the quarter, compared to analyst estimates of $12.62 billion. During the same period in the previous year, the company posted $1.79 EPS. Micron Technology's revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th were paid a dividend of $0.115 per share. The ex-dividend date was Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is currently 4.37%.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: UBS raised its price target on MU to $475 and reiterated a Buy, boosting upside expectations for the stock. Micron price target raised by UBS to $475
• Positive Sentiment: Stifel set a street-high $550 target ahead of earnings, citing stronger-than-expected memory pricing and margin strength — a bullish signal for near-term revenue and EPS upside. Micron Gets Street High $550 Price Target Ahead of Earnings
• Positive Sentiment: Micron’s massive AI memory capacity buildout (new fabs in U.S., Japan, India) underscores management’s multi-year supply commitment; high-bandwidth memory (HBM) for 2026 is reportedly fully committed, supporting revenue visibility but implying heavy capex ahead. Micron’s Massive AI Memory Buildout Tests Multi Year Investment Thesis
• Positive Sentiment: Analyst commentary and model updates (multiple outlets) continue to favor MU, citing an impressive earnings surprise history and strong near-term beat potential driven by elevated memory ASPs and mix. Will Micron (MU) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: TipRanks roundup: Wall Street is split on how long the current memory shortage will persist — supports continued upside if tightness lasts, but creates uncertainty for 2027+ forecasts. Micron Stock 2026 Outlook: How Long Can the Memory Shortage Last? Top Analysts Weigh In
• Neutral Sentiment: Morgan Stanley’s renewed bullishness on Nvidia highlights broader AI/data-center tailwinds for semiconductors — a sector-level positive for Micron but indirect; benefits depend on continued GPU and AI server demand. Morgan Stanley Turns Bullish on Nvidia Again -- Here's Why
• Negative Sentiment: Counterpoints: coverage warns of rising HBM competition and cyclical oversupply risk that have pressured recent short-term performance; investors should watch pricing trends and capex spending versus demand to gauge downside risk. How Low Can Micron Stock Go?

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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