Micron Technology, Inc. $MU Shares Bought by JAT Capital Mgmt LP

JAT Capital Mgmt LP lifted its stake in Micron Technology, Inc. (NASDAQ:MU) by 644.4% during the 1st quarter, HoldingsChannel reports. The fund owned 33,500 shares of the semiconductor manufacturer’s stock after buying an additional 29,000 shares during the period. Micron Technology comprises approximately 19.1% of JAT Capital Mgmt LP’s portfolio, making the stock its 2nd biggest holding. JAT Capital Mgmt LP’s holdings in Micron Technology were worth $11,318,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after purchasing an additional 1,954,644 shares during the period. State Street Corp increased its holdings in shares of Micron Technology by 2.1% during the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after purchasing an additional 1,090,644 shares during the period. Norges Bank bought a new position in shares of Micron Technology during the 4th quarter worth about $6,433,456,000. Morgan Stanley raised its position in shares of Micron Technology by 5.1% during the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock valued at $4,679,771,000 after buying an additional 794,289 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Micron Technology by 1.9% in the fourth quarter. Northern Trust Corp now owns 10,654,349 shares of the semiconductor manufacturer’s stock valued at $3,040,858,000 after buying an additional 194,550 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Key Micron Technology News

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

• Positive Sentiment: Strong AI data-center demand and constrained memory supply remain major long-term catalysts. Analysts and investment commentary continue to highlight Micron’s earnings growth potential, while Bank of America reportedly set a $1,550 price target. Bank of America Sets $1,550 Price Target on Micron
• Positive Sentiment: Potential U.S. tariffs or restrictions on Chinese memory products could protect Micron’s domestic market and support pricing power. The company is also investing heavily in U.S. manufacturing, positioning it as a potential beneficiary of supply-chain localization. Chips and Clips: Memory Tariffs Rewire Tech Supply Chains
• Neutral Sentiment: CME Group launched extended-hours, cash-settled single-stock futures for Micron and other major equities. The new contracts may improve access and liquidity but do not change Micron’s underlying fundamentals. CME launches single stock futures
• Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) surged in its Shanghai IPO after raising roughly $8.5 billion, giving it substantial capital to expand DRAM production. Investors fear CXMT’s growing market share could increase competition and eventually pressure Micron’s pricing, margins and market position. Why are Micron, SanDisk and SK Hynix stocks falling today?
• Negative Sentiment: Reports that China is producing domestically developed deep-ultraviolet lithography equipment have amplified concerns that Chinese semiconductor companies are closing the technology gap. The resulting sector-wide selling has outweighed positive views on Micron’s AI exposure and attractive forward valuation. Micron stock faces a hidden threat after CXMT’s debut

Micron Technology Stock Down 2.3%

MU opened at $900.20 on Tuesday. The firm’s 50-day simple moving average is $970.65 and its 200-day simple moving average is $628.66. 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, Inc. has a twelve month low of $103.38 and a twelve month high of $1,255.00. The firm has a market cap of $1.02 trillion, a price-to-earnings ratio of 20.38 and a beta of 2.14.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.39 by $3.72. The firm had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm’s quarterly revenue was up 345.8% on a year-over-year basis. During the same period last year, the firm posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities research analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were paid a $0.15 dividend. The ex-dividend date was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s payout ratio is 1.36%.

Wall Street Analysts Forecast Growth

MU has been the topic of several research reports. Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a research note on Tuesday, May 12th. Melius Research began coverage on Micron Technology in a research report on Monday, April 27th. They set a “buy” rating and a $700.00 price objective on the stock. DA Davidson raised their target price on Micron Technology from $1,500.00 to $2,000.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. UBS Group lifted their price target on shares of Micron Technology from $535.00 to $1,625.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, Stifel Nicolaus boosted their price target on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $1,268.93.

Insider Activity

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $536.26, for a total value of $21,450,400.00. Following the transaction, the chief executive officer directly owned 424,503 shares of the company’s stock, valued at $227,643,978.78. The trade was a 8.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the sale, the director owned 17,139 shares in the company, valued at approximately $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 163,300 shares of company stock worth $152,667,204. 0.24% of the stock is currently owned by insiders.

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.