Wellington Management Group LLP Purchases 1,125,414 Shares of Micron Technology, Inc. $MU

Key Points

• Wellington Management increased its Micron stake by 28.7%, purchasing 1.13 million additional shares to hold 5.05 million shares valued at approximately $5.82 billion. Institutional investors collectively own 80.84% of Micron.
• Wall Street remains broadly bullish, with an average “Buy” rating and a consensus price target of $1,295.63; four analysts rate the stock a Strong Buy and 31 rate it a Buy.
• Micron reported significantly better-than-expected quarterly results, including $25.11 in EPS and $41.46 billion in revenue, up 345.8% year over year. Strong AI-related HBM demand supports the outlook, though expanded capacity could eventually create oversupply and pressure pricing.

Wellington Management Group LLP grew its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 28.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,045,141 shares of the semiconductor manufacturer's stock after buying an additional 1,125,414 shares during the quarter. Micron Technology accounts for about 1.0% of Wellington Management Group LLP's portfolio, making the stock its 11th largest holding. Wellington Management Group LLP owned about 0.45% of Micron Technology worth $5,823,556,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Lombard Odier Asset Management Europe Ltd increased its stake in Micron Technology by 20.9% in the second quarter. Lombard Odier Asset Management Europe Ltd now owns 27,334 shares of the semiconductor manufacturer's stock valued at $31,551,000 after acquiring an additional 4,724 shares during the last quarter. Fox Hill Wealth Management lifted its stake in Micron Technology by 16.0% during the second quarter. Fox Hill Wealth Management now owns 7,875 shares of the semiconductor manufacturer's stock worth $9,090,000 after purchasing an additional 1,089 shares during the last quarter. Vermillion & White Wealth Management Group LLC bought a new stake in Micron Technology during the second quarter worth $205,000. Kingsview Wealth Management LLC boosted its holdings in shares of Micron Technology by 695.8% in the 2nd quarter. Kingsview Wealth Management LLC now owns 60,173 shares of the semiconductor manufacturer's stock valued at $69,457,000 after purchasing an additional 52,612 shares in the last quarter. Finally, Tilia Fiduciary Partners Inc. bought a new position in shares of Micron Technology in the 2nd quarter valued at $265,000. Institutional investors own 80.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MU. Seaport Research Partners reissued a "buy" rating on shares of Micron Technology in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft lifted their target price on Micron Technology from $1,500.00 to $1,550.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Erste Group Bank raised Micron Technology from a "hold" rating to a "buy" rating in a research note on Thursday, June 25th. Wolfe Research set a $1,500.00 target price on shares of Micron Technology in a report on Thursday, June 25th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 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 company. According to MarketBeat.com, Micron Technology currently has an average rating of "Buy" and a consensus target price of $1,295.63.

Key Headlines Impacting 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?

Micron Technology Stock Performance

Shares of MU stock opened at $1,016.59 on Tuesday. The stock has a market capitalization of $1.15 trillion, a PE ratio of 23.02, a PEG ratio of 0.64 and a beta of 2.22. The business's 50 day simple moving average is $932.58 and its 200 day simple moving average is $741.12. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. Micron Technology, Inc. has a one year low of $125.66 and a one year high of $1,255.00.

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 (EPS) for the quarter, topping the consensus estimate of $21.39 by $3.72. The firm had revenue of $41.46 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business earned $1.91 EPS. 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 earnings per share for the current year.

Micron Technology Announces Dividend

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

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the sale, the executive vice president directly owned 85,737 shares in the company, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer directly owned 34,958 shares of the company's stock, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 177,204 shares of company stock valued at $182,156,264 over the last three months. 0.24% of the stock is currently owned by corporate insiders.

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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