The Manufacturers Life Insurance Company Decreases Holdings in Micron Technology, Inc. $MU

Key Points

• The Manufacturers Life Insurance Company cut its Micron stake by 5% in the second quarter, selling 50,762 shares and retaining 959,599 shares worth approximately $1.11 billion. Institutional investors still own about 80.84% of Micron.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $1,295.63; several firms recently raised or set targets between $1,200 and $1,500.
• Micron’s outlook is supported by strong AI-related memory demand, improving data-center products and recent earnings that beat estimates, though potential Taiwan labor disruptions and a slowdown in AI spending pose risks.

The Manufacturers Life Insurance Company reduced its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 959,599 shares of the semiconductor manufacturer's stock after selling 50,762 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Micron Technology worth $1,107,638,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MU. Tortoise Investment Management LLC purchased a new stake in shares of Micron Technology in the second quarter worth about $238,000. Sequoia Financial Advisors LLC grew its stake in shares of Micron Technology by 13.3% in the second quarter. Sequoia Financial Advisors LLC now owns 58,236 shares of the semiconductor manufacturer's stock valued at $67,222,000 after buying an additional 6,842 shares in the last quarter. Van Hulzen Asset Management LLC purchased a new stake in shares of Micron Technology during the 2nd quarter valued at about $320,000. MCF Advisors LLC lifted its position in Micron Technology by 82.3% during the 2nd quarter. MCF Advisors LLC now owns 2,838 shares of the semiconductor manufacturer's stock worth $3,276,000 after acquiring an additional 1,281 shares in the last quarter. Finally, Arlington Capital Management Inc. acquired a new position in Micron Technology during the 2nd quarter worth approximately $276,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on MU. UBS Group restated a "buy" rating on shares of Micron Technology in a report on Monday, August 10th. Morgan Stanley boosted their target price on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Thursday, June 25th. Wolfe Research set a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 target price on shares of Micron Technology in a research note on Monday, June 22nd. Finally, TD Cowen reaffirmed a "buy" rating on shares of Micron Technology in a report on Friday, July 10th. Four investment 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $1,295.63.

More Micron Technology News

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

• Positive Sentiment: Micron demonstrated what it describes as the world’s first 512GB DDR5 RDIMM across multiple server platforms. The module reaches speeds of up to 9,200 MT/s and uses more than 60% less operating power than four 128GB modules, strengthening Micron’s position in data-center memory and AI infrastructure. Micron ultra-dense memory module announcement
• Positive Sentiment: Strong AI-related memory demand remains the core bullish argument. Analysts and industry commentary point to tight DRAM supply, high-bandwidth memory demand, planned capacity expansion and potentially extended shortages, supporting Micron’s revenue and pricing outlook. Micron AI memory cycle analysis
• Positive Sentiment: Micron appointed semiconductor veteran Deirdre Hanford to lead Micron Research Labs. The facility is backed by a planned $10 billion, decade-long investment focused on memory, compute architectures, advanced packaging and manufacturing, potentially supporting longer-term technology leadership. Micron Research Labs leadership announcement
• Neutral Sentiment: Commentary remains bullish, with some analysts and Jim Cramer supporting substantially higher price targets. However, these opinions are not new company guidance and depend on continued AI spending, strong memory pricing and successful execution. Jim Cramer Micron thesis
• Negative Sentiment: A Taiwan union representing Micron workers is keeping strike preparations alive while demanding a permanent profit-sharing arrangement. A labor disruption at a major manufacturing hub could create production delays, higher costs or additional uncertainty during a supply-constrained period. Reuters report on Micron Taiwan labor dispute
• Negative Sentiment: Recent warnings from AI leaders calling for slower development triggered a broader technology selloff and renewed questions about future hyperscaler spending. Although infrastructure demand may remain intact, any reduction in AI capital expenditures would threaten Micron’s high-growth memory outlook and elevated valuation. AI concerns affecting semiconductor stocks

Micron Technology Trading Up 0.4%

NASDAQ MU opened at $927.60 on Wednesday. Micron Technology, Inc. has a 12 month low of $154.65 and a 12 month high of $1,255.00. 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 company has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 0.58 and a beta of 2.22. The company's fifty day moving average price is $928.01 and its two-hundred day moving average price is $764.35.

Micron Technology (NASDAQ:MU - Get Free Report) last released 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. The company had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company's revenue was up 345.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, research analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Transactions at Micron Technology

In other Micron Technology news, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the transaction, the director 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 value of $14,014,350.00. Following the completion of the transaction, the executive vice president owned 191,021 shares of the company's stock, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 177,204 shares of company stock valued at $182,156,264 over the last 90 days. Corporate insiders own 0.24% of the company's stock.

Micron Technology 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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