PNC Financial Services Group Inc. Raises Stock Position in Micron Technology, Inc. $MU

PNC Financial Services Group Inc. boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 3.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 494,211 shares of the semiconductor manufacturer’s stock after purchasing an additional 16,509 shares during the period. PNC Financial Services Group Inc.’s holdings in Micron Technology were worth $166,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Oslo Pensjonsforsikring AS acquired a new position in shares of Micron Technology in the 1st quarter valued at about $1,598,000. Baader Bank Aktiengesellschaft raised its position in Micron Technology by 85.9% during the first quarter. Baader Bank Aktiengesellschaft now owns 15,804 shares of the semiconductor manufacturer’s stock valued at $5,339,000 after acquiring an additional 7,301 shares in the last quarter. Andra AP fonden raised its position in Micron Technology by 10.8% during the first quarter. Andra AP fonden now owns 203,762 shares of the semiconductor manufacturer’s stock valued at $68,839,000 after acquiring an additional 19,797 shares in the last quarter. Wilkerson Advisory Group LLC raised its position in Micron Technology by 92.3% during the first quarter. Wilkerson Advisory Group LLC now owns 250 shares of the semiconductor manufacturer’s stock valued at $84,000 after acquiring an additional 120 shares in the last quarter. Finally, Andar Capital Management HK Ltd acquired a new position in Micron Technology in the first quarter valued at approximately $1,351,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Down 1.2%

Shares of MU opened at $959.48 on Thursday. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 12 month low of $103.38 and a 12 month high of $1,255.00. The stock’s 50 day moving average is $958.06 and its two-hundred day moving average is $615.70. The firm has a market cap of $1.08 trillion, a P/E ratio of 21.72 and a beta of 2.14.

Micron Technology (NASDAQ:MU) 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 return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the prior year, the company posted $1.91 EPS. The business’s quarterly revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend 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 presently 1.36%.

Insider Activity at Micron Technology

In related news, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the transaction, the director directly owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This trade represents a 10.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 28,506 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $1,149.28, for a total value of $32,761,375.68. Following the sale, the chief executive officer owned 355,997 shares of the company’s stock, valued at approximately $409,140,232.16. This trade represents a 7.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 163,300 shares of company stock worth $152,667,204 in the last ninety days. 0.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on MU. Sanford C. Bernstein set a $1,300.00 price objective on Micron Technology in a research report on Monday, June 22nd. Morgan Stanley lifted their target price on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Rosenblatt Securities boosted their target price on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. TD Cowen reissued a “buy” rating on shares of Micron Technology in a report on Friday, July 10th. Finally, Susquehanna raised their price target on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the company a “positive” rating in a research report on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $1,268.93.

Micron Technology News Summary

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

• Positive Sentiment: Bank of America reiterated a bullish view on Micron after the Kimi K3 launch, arguing that low-cost AI models can actually increase memory-chip demand rather than reduce it. Bank of America Reaffirms Bullish Micron Stock Call After Kimi K3 Launch
• Positive Sentiment: Multiple reports said Micron jumped after BofA’s note and a broader chip rebound, with analysts also raising price targets as the AI memory upcycle gains traction. Micron jumps 12% on BofA note, chip rally
• Positive Sentiment: Memory prices are reportedly still skyrocketing, with Morgan Stanley forecasting at least a 25% increase from Q2 to Q3, which supports higher revenue and margins for Micron. Micron, Western Digital, and Sandisk Just Jumped 12% to 14%. Here’s the Forecast That Did It.
• Positive Sentiment: Wall Street commentary remains constructive on AI infrastructure names, with Micron highlighted as a beneficiary of strong revenue growth, expanding profitability, and the ongoing AI spending cycle. 2 AI Infrastructure Stocks That Could Outperform NVIDIA
• Neutral Sentiment: Several articles framed Micron as part of a broader “Memi” trade and a continued semiconductor rebound, reinforcing the AI-memory narrative but not adding much company-specific news. A new group of stocks is transforming global equities markets. Meet ‘Memi,’ the $3 trillion sector fueled by AI’s insatiable hunger for memory chips
• Neutral Sentiment: Bearish takes also emerged, including one arguing Micron could be a “generational short” with substantial downside, which may be tempering some enthusiasm after the recent run-up. Micron: A Generational Short Opportunity With 76% Downside

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.