Van ECK Associates Corp Sells 1,608,399 Shares of Micron Technology, Inc. $MU

Van ECK Associates Corp lessened its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 25.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,815,648 shares of the semiconductor manufacturer's stock after selling 1,608,399 shares during the quarter. Micron Technology makes up about 3.5% of Van ECK Associates Corp's holdings, making the stock its 5th biggest holding. Van ECK Associates Corp owned 0.43% of Micron Technology worth $5,558,654,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 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 acquired a new stake in shares of Micron Technology in the fourth quarter worth $6,433,456,000. Primecap Management Co. CA purchased a new position in shares of Micron Technology during the second quarter valued at $22,182,263,000. Legal & General Group Plc acquired a new position in Micron Technology during the second quarter valued at $8,402,393,000. Finally, Canada Pension Plan Investment Board acquired a new position in Micron Technology during the second quarter valued at $3,761,237,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Activity at Micron Technology

In other Micron Technology news, EVP April Arnzen sold 40,000 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president owned 85,737 shares of the company's stock, valued at $92,933,763.78. The trade was a 31.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 191,021 shares of the company's stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 177,204 shares of company stock valued at $182,156,264. Insiders own 0.24% of the company's stock.

Micron Technology Stock Performance

MU stock 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. The company has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 0.64 and a beta of 2.22. Micron Technology, Inc. has a 12 month low of $125.66 and a 12 month high of $1,255.00. The firm has a 50 day moving average of $932.58 and a two-hundred day moving average of $741.12.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share 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 business had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter last year, the firm earned $1.91 EPS. 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. As a group, equities analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Key Micron Technology News

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?

Wall Street Analyst Weigh In

MU has been the subject of a number of research reports. BMO Capital Markets started coverage on Micron Technology in a research report on Friday, August 21st. They set an "outperform" rating and a $1,300.00 price objective for the company. Rosenblatt Securities upped their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the company a "buy" rating in a report on Thursday, June 25th. DA Davidson increased their price target on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the stock a "buy" rating in a research report on Thursday, June 25th. Needham & Company LLC raised 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 report on Thursday, June 25th. Finally, Mizuho lowered their price objective on shares of Micron Technology from $1,375.00 to $1,300.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $1,295.63.

Micron Technology 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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