578 Shares in Micron Technology, Inc. $MU Purchased by Manhattan West Asset Management LLC

Manhattan West Asset Management LLC acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 578 shares of the semiconductor manufacturer’s stock, valued at approximately $667,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp raised its stake 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 during the period. Andar Capital Management HK Ltd boosted its stake in shares of 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 during the period. Norges Bank purchased a new position in shares of Micron Technology during the 4th quarter worth about $6,433,456,000. Morgan Stanley grew its holdings in Micron Technology by 5.1% during 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 grew its holdings in Micron Technology by 1.9% during 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 during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MU has been the subject of several analyst reports. Royal Bank Of Canada raised their price objective on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. UBS Group reaffirmed a “buy” rating on shares of Micron Technology in a research note on Monday, August 10th. The Goldman Sachs Group upped their target price on Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. New Street Research upgraded Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 price target on the stock in a report on Friday, August 14th. Finally, Needham & Company LLC raised their price target on Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a research note 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 company has an average rating of “Buy” and an average price target of $1,295.63.

Micron Technology Price Performance

Micron Technology stock opened at $933.44 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The stock has a market cap of $1.05 trillion, a price-to-earnings ratio of 21.13 and a beta of 2.22. The firm has a 50-day moving average of $944.21 and a two-hundred day moving average of $724.85. Micron Technology, Inc. has a 1 year low of $114.25 and a 1 year high of $1,255.00.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share 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 company’s revenue was up 345.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Announces Dividend

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

Insider Buying and Selling at Micron Technology

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the transaction, the director directly owned 17,728 shares of the company’s stock, valued at approximately $20,394,823.04. The trade was a 6.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is currently owned by company insiders.

Key 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 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.