Triumph Capital Management Has $3.10 Million Holdings in Micron Technology, Inc. $MU

Key Points

• Triumph Capital Management cut its Micron stake by 27% in the second quarter, selling 990 shares and retaining 2,681 shares valued at approximately $3.10 million. Institutional investors collectively own 80.84% of Micron.
• Micron is benefiting from strong AI-related memory demand, tight DRAM and HBM supply, and elevated pricing. Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $1,295.63.
• Risks include high valuation and insider selling: Executives sold substantial holdings recently, while a disappointing September 30 earnings report, weaker memory prices, margin normalization, or increased Chinese competition could pressure the stock.

Triumph Capital Management decreased its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 27.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,681 shares of the semiconductor manufacturer's stock after selling 990 shares during the quarter. Triumph Capital Management's holdings in Micron Technology were worth $3,095,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MU. Andar Capital Management HK Ltd lifted its holdings in shares of Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock valued at $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Norges Bank bought a new stake in Micron Technology during the fourth quarter worth $6,433,456,000. Primecap Management Co. CA purchased a new stake in Micron Technology in the 2nd quarter valued at $22,182,263,000. Legal & General Group Plc purchased a new stake in Micron Technology in the 2nd quarter valued at $8,402,393,000. Finally, Canada Pension Plan Investment Board bought a new position in Micron Technology during the 2nd quarter valued at $3,761,237,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: AI-driven supply shortage supports pricing: Data-center customers are reportedly receiving only a portion of the DRAM they need, while Micron expects supply conditions to be even tighter in 2027 than in 2026. High-bandwidth memory (HBM) also consumes substantially more wafer capacity, limiting conventional DRAM supply and potentially extending elevated prices. Micron: 3 Simple Reasons Why I'm Still Bullish
• Positive Sentiment: Analysts turned more constructive: Goldman Sachs indicated that the worst of the memory-chip downturn may be over, helping lift Micron and sector peers. Other coverage points to a possible further rally as AI infrastructure demand diverts capacity toward HBM and away from traditional memory products. Memory Stocks Rally as Goldman Says the Worst May Be Over
• Positive Sentiment: Exceptional profitability remains a catalyst: Scarce AI memory is sustaining unusually high pricing and margins. Investors expect Micron’s upcoming results to demonstrate that its recent earnings surge and margin expansion are durable, potentially providing another boost to the broader memory sector. Micron Gains 2.4% as Memory's 86% Margin Era Refuses to Break
• Neutral Sentiment: Earnings are the key near-term test: Micron’s September 30 report is widely viewed as one of the year’s most important catalysts for AI-memory stocks. The company must confirm that demand, pricing and margins can support elevated expectations after a very strong year-to-date rally. Micron's Sept. 30 Earnings Could Be the Most Important Catalyst
• Negative Sentiment: Risks remain high: Micron’s sharp appreciation leaves the stock vulnerable to profit-taking if earnings disappoint or memory prices weaken. Longer-term competition from China, possible normalization of extraordinary margins and portfolio moves by investors reducing Micron exposure also temper the bullish outlook. Micron and Sandisk Face a New China Threat

Insiders Place Their Bets

In related news, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the sale, the executive vice president owned 85,737 shares in the company, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the sale, the chief executive officer directly owned 264,503 shares of the company's stock, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 177,204 shares of company stock worth $182,156,264. Company insiders own 0.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MU. The Goldman Sachs Group lifted their price objective on shares of Micron Technology from $900.00 to $1,100.00 and gave the stock a "neutral" rating in a report on Thursday, June 25th. Mizuho cut their price target on shares of Micron Technology from $1,375.00 to $1,300.00 and set an "outperform" rating on the stock in a report on Tuesday, August 25th. KeyCorp reaffirmed an "overweight" rating on shares of Micron Technology in a research report on Monday, July 20th. Zacks Research lowered shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Micron Technology in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $1,295.63.

Micron Technology Trading Up 2.8%

Shares of MU opened at $1,027.77 on Thursday. The firm has a market cap of $1.16 trillion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 0.63 and a beta of 2.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The business has a 50-day moving average of $929.41 and a 200 day moving average of $749.50. Micron Technology, Inc. has a fifty-two week low of $138.34 and a fifty-two week high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly 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 net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $41.46 billion for the quarter, compared to analysts' expectations of $35.91 billion. During the same period in the prior year, the company posted $1.91 EPS. Micron Technology's revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, research analysts forecast that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Announces Dividend

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

About Micron Technology

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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