Zevenbergen Capital Investments LLC Sells 17,985 Shares of Micron Technology, Inc. $MU

Zevenbergen Capital Investments LLC cut its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 9.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,965 shares of the semiconductor manufacturer’s stock after selling 17,985 shares during the period. Micron Technology comprises about 4.6% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 4th largest position. Zevenbergen Capital Investments LLC’s holdings in Micron Technology were worth $200,806,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sherry Group Inc. bought a new position in Micron Technology in the second quarter worth $424,000. Viewpoint Investment Partners Corp bought a new stake in Micron Technology in the 2nd quarter valued at $462,000. Capital Investment Management Inc. bought a new stake in Micron Technology in the 2nd quarter valued at $603,000. Bell Bank raised its stake in shares of Micron Technology by 1.4% in the 2nd quarter. Bell Bank now owns 3,630 shares of the semiconductor manufacturer’s stock valued at $4,190,000 after buying an additional 50 shares in the last quarter. Finally, First PREMIER Bank acquired a new position in shares of Micron Technology in the 2nd quarter valued at $115,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

More Micron Technology News

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

• Positive Sentiment: New Street upgraded Micron to “Buy” from “Neutral” and set a $1,250 price target, citing the possibility that AI is making memory demand less cyclical. The firm projects a potential $2 trillion-$3 trillion valuation for Micron by the end of the decade. Micron Upgraded to Buy on the Claim Memory Stopped Being Cyclical
• Positive Sentiment: DRAM and NAND prices are tightening again, potentially increasing the earnings impact of Micron’s rapidly expanding data-center business. Analysts are continuing to raise revenue estimates and price targets as AI infrastructure spending supports demand for high-bandwidth memory and storage. Micron Stock Jumps as Memory Pricing Tightens Again
• Positive Sentiment: Micron launched a $250 million Micron Ventures Paradigm Fund to invest across the AI technology stack, including model development, computing infrastructure, enterprise applications and physical AI. The initiative could strengthen partnerships and give Micron earlier insight into future memory and storage requirements. Micron Ventures Launches $250 Million Fund
• Neutral Sentiment: Broader semiconductor strength, record U.S. equity benchmarks and easing rate-hike expectations are supporting risk appetite for memory stocks. Technical analysts also identify approximately $1,012 as an important near-term resistance level. Micron Price Forecast
• Negative Sentiment: Risks remain from rising Chinese competition and execution timing. YMTC has surpassed Micron in NAND shipments, while Micron’s new $9.3 billion fabrication plant is not expected to produce chips until 2028. Michael Burry has also increased bearish positions involving Micron, underscoring concerns about valuation, supply growth and a possible return of memory-cycle volatility.

Insider Transactions at Micron Technology

In related news, CAO Scott R. Allen sold 879 shares of Micron Technology 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mehrotra sold 31,285 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $926.83, for a total value of $28,995,876.55. Following the completion of the sale, the chief executive officer directly owned 313,218 shares of the company’s stock, valued at approximately $290,299,838.94. This trade represents a 9.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 162,179 shares of company stock valued at $167,811,861. 0.24% of the stock is owned by company insiders.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $971.66 on Monday. The company’s fifty day moving average is $965.49 and its 200-day moving average is $679.10. 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 52 week low of $113.46 and a 52 week high of $1,255.00. The company has a market capitalization of $1.10 trillion, a PE ratio of 22.00 and a beta of 2.19.

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

Micron Technology Announces Dividend

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

Analyst Upgrades and Downgrades

MU has been the subject of a number of analyst reports. Needham & Company LLC raised their price objective on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,500.00 price target on shares of Micron Technology in a research report on Thursday, June 25th. Wells Fargo & Company raised their price target on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Rosenblatt Securities lifted their price objective on Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Finally, New Street Research upgraded Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 price objective on the stock in a research note on Friday. Four analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $1,259.97.

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.