Summit Global Investments Buys Shares of 13,160 Micron Technology, Inc. $MU

Summit Global Investments purchased a new position in Micron Technology, Inc. (NASDAQ:MU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 13,160 shares of the semiconductor manufacturer’s stock, valued at approximately $2,202,000.

Several other large investors have also recently added to or reduced their stakes in MU. First Command Advisory Services Inc. boosted its holdings in shares of Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 153 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in Micron Technology in the 3rd quarter valued at about $27,000. Howard Hughes Medical Institute acquired a new position in Micron Technology during the 2nd quarter valued at about $30,000. AlphaQuest LLC boosted its stake in Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 265 shares during the period. Finally, Cullen Frost Bankers Inc. grew its position in Micron Technology by 79.3% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 88 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

More Micron Technology News

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

• Positive Sentiment: Analyst and market bulls argue the memory market has structurally shifted due to AI, extending supply tightness into 2027–2028 and supporting sustained HBM pricing and margins — a core bullish thesis for MU. Why This Micron Rally Holds
• Positive Sentiment: Micron’s CEO remains bullish on AI infrastructure demand and sees no near-term easing — management tone supports the view that revenue and margins can stay elevated. Think Micron Technology’s Stock May Have Peaked? This Is Why Its CEO Remains Bullish.
• Positive Sentiment: Samsung’s earnings commentary signaled a “golden era” for memory chips, reinforcing sector-wide optimism that benefits Micron as a top competitor. Sector confirmation from Samsung supports upside expectations for MU. Micron Stock Pops. Samsung Signals ‘Golden Era’ for Memory Chips.
• Positive Sentiment: Micron broke ground on a massive expansion in Singapore (about $24B over 10 years) to boost NAND capacity — a long-term growth and capacity play tied directly to AI/data-center demand. Micron (MU) Expands Manufacturing Footprint as AI Drives Long-Term Memory Demand
• Positive Sentiment: Analyst upgrades and price-target increases pushed MU to a new 12‑month high, reinforcing momentum trading and attracting fresh institutional interest. Micron Technology (NASDAQ:MU) Reaches New 12-Month High Following Analyst Upgrade
• Positive Sentiment: Multiple write-ups highlight AI-driven demand supporting Micron’s margin expansion — this is a key earnings catalyst investors are paying for. AI-Driven Demand Supports Micron Technology’s (MU) Margin Expansion
• Neutral Sentiment: Heavy put-option activity has been noted after a rapid run-up; this can indicate hedging/speculation rather than conviction and may increase near-term volatility. Unusual Put Options Activity In Micron Technology After MU Stock Doubles In 2 Months
• Negative Sentiment: At least one bearish analyst argues that after a big rally (from low levels), MU may be vulnerable to a pullback — a reminder that profit-taking and cyclical risk remain. Micron: I Was Bullish At $89, But At $400, It’s Time To Sell Before A Potential Bust Cycle
• Negative Sentiment: An insider (Manish Bhatia) sold ~26.6k shares recently — worth watching, though insider sales are not uncommon after strong run-ups. Manish Bhatia Sells 26,623 Shares of Micron Technology (NASDAQ:MU) Stock

Wall Street Analysts Forecast Growth

MU has been the topic of a number of recent analyst reports. Barclays lifted their price target on Micron Technology from $275.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Weiss Ratings raised Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, November 1st. Sanford C. Bernstein boosted their price target on Micron Technology from $270.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. Wolfe Research raised their price target on Micron Technology from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Finally, UBS Group lifted their price objective on shares of Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $349.76.

Insider Transactions at Micron Technology

In other news, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the completion of the sale, the executive vice president directly owned 165,618 shares of the company’s stock, valued at $45,891,091.62. This trade represents a 8.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven J. Gomo sold 5,000 shares of Micron Technology stock in a transaction on Friday, December 19th. The stock was sold at an average price of $263.63, for a total value of $1,318,150.00. Following the completion of the transaction, the director owned 19,139 shares in the company, valued at $5,045,614.57. The trade was a 20.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have acquired 23,200 shares of company stock valued at $7,821,723 and have sold 61,123 shares valued at $19,547,151. 0.24% of the stock is owned by corporate insiders.

Micron Technology Price Performance

NASDAQ:MU opened at $435.79 on Friday. The business’s 50-day moving average price is $297.17 and its 200 day moving average price is $209.04. The firm has a market cap of $490.49 billion, a P/E ratio of 41.42 and a beta of 1.50. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $444.71. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $12.62 billion. During the same period in the prior year, the company earned $1.79 EPS. Micron Technology’s revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, sell-side analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, December 29th. Micron Technology’s dividend payout ratio (DPR) is presently 4.37%.

About Micron Technology

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.