West Branch Capital LLC Increases Stake in Micron Technology, Inc. $MU

Key Points

• West Branch Capital increased its Micron stake by 41.1% in the second quarter, bringing its holdings to 8,597 shares valued at approximately $9.9 million. Institutional investors collectively own 80.84% of Micron’s stock.
• Micron reported quarterly earnings of $25.11 per share, beating estimates by $3.72, while revenue reached $41.46 billion, up 345.8% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $1,260.31.
• Company insiders sold 162,179 shares worth about $167.8 million over the last quarter, while Micron declared a quarterly dividend of $0.15 per share, representing a 0.1% yield.

West Branch Capital LLC grew its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 41.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,597 shares of the semiconductor manufacturer's stock after buying an additional 2,503 shares during the period. Micron Technology makes up about 2.3% of West Branch Capital LLC's investment portfolio, making the stock its 12th largest holding. West Branch Capital LLC's holdings in Micron Technology were worth $9,924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MU. Canvas Wealth Advisors LLC lifted its stake in shares of Micron Technology by 10.7% in the second quarter. Canvas Wealth Advisors LLC now owns 1,327 shares of the semiconductor manufacturer's stock worth $1,531,000 after buying an additional 128 shares in the last quarter. Nolet Wealth Management LLC bought a new stake in shares of Micron Technology during the second quarter valued at approximately $794,000. E. Ohman J or Asset Management AB raised its holdings in Micron Technology by 3.7% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 39,824 shares of the semiconductor manufacturer's stock worth $45,968,000 after acquiring an additional 1,420 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in Micron Technology by 6.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 630,685 shares of the semiconductor manufacturer's stock worth $727,993,000 after acquiring an additional 37,420 shares during the last quarter. Finally, Wealth Group Ltd bought a new position in Micron Technology in the 2nd quarter valued at approximately $296,000. Institutional investors own 80.84% of the company's stock.

Insider Buying and Selling at Micron Technology

In other news, CAO Scott R. Allen sold 879 shares of the business's stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares of the company's stock, valued at $34,958,000. The trade was a 2.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lynn A. Dugle sold 1,300 shares of the company's stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 162,179 shares of company stock worth $167,811,861. 0.24% of the stock is owned by insiders.

Micron Technology Trading Up 0.9%

Shares of NASDAQ:MU opened at $868.52 on Wednesday. The stock's 50-day simple moving average is $967.63 and its two-hundred day simple moving average is $667.51. The stock has a market capitalization of $980.90 billion, a price-to-earnings ratio of 19.66 and a beta of 2.18. Micron Technology, Inc. has a 52-week low of $113.46 and a 52-week high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $41.46 billion for the quarter, compared to analysts' expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business's quarterly revenue was up 345.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on MU. Wedbush increased their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the company an "outperform" rating in a research note on Thursday, June 25th. Stifel Nicolaus increased their price objective on Micron Technology from $550.00 to $1,500.00 and gave the company a "buy" rating in a research report on Thursday, June 18th. Wolfe Research set a $1,500.00 price objective on Micron Technology in a report on Thursday, June 25th. Bank of America boosted their target price on Micron Technology from $950.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Finally, Erste Group Bank raised shares of Micron Technology from a "hold" rating to a "buy" rating in a report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Micron Technology currently has a consensus rating of "Buy" and a consensus price target of $1,260.31.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Tight memory supply remains the key bullish catalyst. A Mizuho analyst sees approximately 60% upside, arguing that constrained DRAM and high-bandwidth memory supply could persist through 2027. Nvidia reportedly reducing memory specifications for some upcoming products may actually increase demand for scarce HBM capacity. Mizuho analyst sees upside for Micron
• Positive Sentiment: Long-term AI demand and customer contracts improve visibility. Analysts highlight Micron’s strategic take-or-pay agreements, which lock in customer commitments, pricing protections, and contracted revenue through 2030. The agreements could reduce the company’s exposure to traditional memory-cycle swings. Micron take-or-pay agreements
• Positive Sentiment: Bullish forecasts point to further upside. Seeking Alpha commentary says MU remains attractively valued even under conservative earnings scenarios, while other analyses cite potential gains toward prior highs. Rising demand from AI infrastructure and future humanoid robots is viewed as a multiyear growth opportunity. Micron bear case analysis
• Neutral Sentiment: Investors remain divided after the recent selloff. Some analysts view MU as inexpensive relative to the S&P 500 and Nasdaq-100, while others question whether its record growth and margins can persist. The stock’s recent decline and subsequent rebound reflect uncertainty over the durability of the AI memory boom.
• Negative Sentiment: Cycle and competition risks are limiting enthusiasm. Commentary warns that slower DRAM and NAND price growth could pressure future results. SpaceX’s proposed Terrafab facility reportedly aims to challenge the memory-chip oligopoly, while Apple’s testing of Chinese memory supplier CXMT raises longer-term competitive concerns. Citigroup also lowered its MU price target to $1,150. Apple tests Chinese memory chips
• Neutral Sentiment: The reported short-interest figures show zero shares and a zero-day days-to-cover ratio, with an invalid percentage change; therefore, they provide no reliable signal about short-selling pressure.

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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