X Square Capital LLC Buys New Stake in Micron Technology, Inc. $MU

Key Points

• X Square Capital LLC acquired 14,017 Micron shares worth approximately $16.18 million, making Micron its third-largest holding at 4.1% of the portfolio.
• Micron reported substantially better-than-expected quarterly results, with $41.46 billion in revenue and $25.11 in EPS, while analysts maintained a broadly bullish stance and an average price target of $1,295.63.
• Despite strong AI-driven memory demand, investors face risks including potential strike action by Taiwan-based employees, geopolitical exposure, broader semiconductor volatility, and significant recent insider selling.

X Square Capital LLC bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 14,017 shares of the semiconductor manufacturer's stock, valued at approximately $16,180,000. Micron Technology comprises about 4.1% of X Square Capital LLC's holdings, making the stock its 3rd biggest position.

Several other hedge funds also recently bought and sold shares of the stock. State Street Corp lifted its position in shares of Micron Technology by 2.1% in the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer's stock valued at $15,061,310,000 after acquiring an additional 1,090,644 shares in the last quarter. Andar Capital Management HK Ltd increased its position in Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Norges Bank acquired a new position in Micron Technology in the 4th quarter valued at about $6,433,456,000. Morgan Stanley raised its stake in Micron Technology by 5.1% in the 4th quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer's stock valued at $4,679,771,000 after purchasing an additional 794,289 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Micron Technology by 1.9% in the 4th quarter. Northern Trust Corp now owns 10,654,349 shares of the semiconductor manufacturer's stock valued at $3,040,858,000 after purchasing an additional 194,550 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

More Micron Technology News

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

• Positive Sentiment: Analyst earnings upgrades and optimism about Micron’s AI memory opportunity supported the bullish case. Bernstein reportedly maintained a Buy rating with a $1,300 price target, while other published targets extend as high as $2,000. Micron Technology Gains Driven by Earnings Upgrades
• Positive Sentiment: Micron’s latest results significantly exceeded expectations, with quarterly revenue of $41.46 billion and earnings of $25.11 per share. Revenue increased more than 345% year over year, reinforcing confidence in the current memory and AI infrastructure cycle.
• Positive Sentiment: Reports argue that high-bandwidth memory capacity is sold out through 2026 and supported by long-term customer agreements. This could provide unusually strong revenue visibility and help protect margins despite concerns about new competitors. Why China’s Memory Chip Breakthrough Won’t Crash the Market
• Positive Sentiment: Investors remain focused on the possibility that AI demand has structurally altered Micron’s historically cyclical memory business. Some commentary describes the recent pullback as an opportunity because demand for AI-related wafer capacity continues to exceed supply.
• Neutral Sentiment: China’s CXMT reportedly began small-batch production of HBM3E and plans LPDDR6 production, creating a longer-term competitive and geopolitical consideration. However, analysts argue that its initial output is too small to ease the global AI memory shortage in the near term. MU and SNDK Face New China Memory Challenge
• Neutral Sentiment: Broader semiconductor weakness, higher bond yields, oil-price volatility, and uncertainty surrounding potential tariffs have reduced investors’ willingness to pay elevated valuations for technology stocks.
• Negative Sentiment: Unions representing roughly two-thirds of Micron’s Taiwan workforce, or nearly 10,000 employees, threatened possible strike action unless the company increases bonuses and profit sharing. A walkout could disrupt manufacturing, raise labor costs, and delay shipments. Micron’s Taiwan Unions Threaten Strike Over Bonus Dispute
• Negative Sentiment: Micron’s heavy manufacturing exposure to Taiwan adds geopolitical and operational risk, while reports of widespread insider selling may reinforce investor caution after the stock’s substantial run-up.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $933.44 on Wednesday. Micron Technology, Inc. has a twelve month low of $114.25 and a twelve month high of $1,255.00. The stock has a market capitalization of $1.05 trillion, a P/E ratio of 21.13 and a beta of 2.22. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The business's fifty day moving average price is $944.21 and its 200 day moving average price is $724.85.

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, topping the consensus estimate of $21.39 by $3.72. The company had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm's revenue was up 345.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, research analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently announced 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. 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 is 1.36%.

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The shares were 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 $92,933,763.78. The trade was a 31.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the stock in a transaction on Thursday, July 23rd. The stock was 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 directly 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 177,204 shares of company stock worth $182,156,264. Insiders own 0.24% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wolfe Research set a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 25th. Royal Bank Of Canada lifted their price objective on Micron Technology from $1,200.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. Erste Group Bank upgraded Micron Technology from a "hold" rating to a "buy" rating in a research report on Thursday, June 25th. Susquehanna raised their price target on Micron Technology from $1,750.00 to $2,000.00 and gave the stock a "positive" rating in a research note on Thursday, June 25th. Finally, Wedbush increased their price objective on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $1,295.63.

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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