WINTON GROUP Ltd Cuts Stake in Micron Technology, Inc. $MU

Key Points

• WINTON GROUP Ltd cut its Micron stake by 50.8% in the second quarter, selling 5,344 shares and retaining 5,180 shares worth approximately $5.98 million. Despite the reduction, hedge funds and institutional investors collectively own 80.84% of Micron.
• Micron reported substantially stronger results, with quarterly revenue up 345.8% year over year to $41.46 billion and earnings of $25.11 per share, exceeding estimates. Analysts remain bullish, with an average “Buy” rating and a consensus price target of $1,295.63.
• The company’s outlook is supported by strong AI and data-center memory demand, including its new ultra-dense DDR5 module, but risks include a potential Taiwan labor disruption, insider selling, and concerns that slower AI spending could weaken future growth.

WINTON GROUP Ltd lowered its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 50.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,180 shares of the semiconductor manufacturer's stock after selling 5,344 shares during the period. WINTON GROUP Ltd's holdings in Micron Technology were worth $5,979,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Heritage Trust Co boosted its stake in Micron Technology by 9.7% during the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer's stock worth $4,289,000 after buying an additional 1,323 shares during the last quarter. Denali Advisors LLC purchased a new position in shares of Micron Technology during the 2nd quarter worth $7,364,000. Castleark Management LLC acquired a new position in shares of Micron Technology during the 1st quarter valued at about $3,709,000. Oppenheimer & Co. Inc. boosted its position in shares of Micron Technology by 16.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer's stock valued at $56,006,000 after acquiring an additional 6,702 shares during the last quarter. Finally, Legacy Wealth Management LLC MS grew its holdings in shares of Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer's stock valued at $4,091,000 after purchasing an additional 1,499 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Micron Technology

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

Insider Transactions at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of the firm'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 transaction, the director owned 17,728 shares of the company's stock, valued at approximately $20,394,823.04. This represents a 6.83% 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 worth $182,156,264 in the last three months. Company insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

MU has been the subject of several recent analyst reports. KeyCorp restated an "overweight" rating on shares of Micron Technology in a research report on Monday, July 20th. Weiss Ratings reissued a "buy (b)" rating on shares of Micron Technology in a research note on Friday, August 7th. Royal Bank Of Canada raised their price target on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. Barclays lifted their price target on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the company an "overweight" rating in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Micron Technology from $1,500.00 to $1,550.00 and gave the company 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 issued a Hold rating to the company. According to MarketBeat.com, Micron Technology currently has an average rating of "Buy" and an average price target of $1,295.63.

Micron Technology Trading Up 0.4%

NASDAQ MU opened at $927.60 on Wednesday. The firm's 50-day moving average is $928.01 and its two-hundred day moving average is $764.35. 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 stock has a market capitalization of $1.05 trillion, a P/E ratio of 21.00, a PEG ratio of 0.58 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last announced 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. 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 during the quarter, compared to analyst estimates of $35.91 billion. During the same quarter last year, the firm posted $1.91 earnings per share. 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. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Announces Dividend

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