Triumph Capital Management Lowers Stock Position in Micron Technology, Inc. $MU

Triumph Capital Management cut its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 27.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,681 shares of the semiconductor manufacturer’s stock after selling 990 shares during the period. Triumph Capital Management’s holdings in Micron Technology were worth $3,095,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JNBA Financial Advisors grew its position in Micron Technology by 77.3% in the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock worth $45,000 after acquiring an additional 17 shares in the last quarter. Ramsey Quantitative Systems bought a new position in Micron Technology during the second quarter valued at approximately $46,000. RHL Group LLC bought a new stake in shares of Micron Technology in the 2nd quarter worth approximately $47,000. Philadelphia Investment Partners LLC purchased a new stake in shares of Micron Technology in the 2nd quarter valued at $54,000. Finally, Signature Resources Capital Management LLC grew its holdings in shares of Micron Technology by 1,125.0% during the 2nd quarter. Signature Resources Capital Management LLC now owns 49 shares of the semiconductor manufacturer’s stock valued at $57,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: AI-driven supply shortage supports pricing: Data-center customers are reportedly receiving only a portion of the DRAM they need, while Micron expects supply conditions to be even tighter in 2027 than in 2026. High-bandwidth memory (HBM) also consumes substantially more wafer capacity, limiting conventional DRAM supply and potentially extending elevated prices. Micron: 3 Simple Reasons Why I’m Still Bullish
• Positive Sentiment: Analysts turned more constructive: Goldman Sachs indicated that the worst of the memory-chip downturn may be over, helping lift Micron and sector peers. Other coverage points to a possible further rally as AI infrastructure demand diverts capacity toward HBM and away from traditional memory products. Memory Stocks Rally as Goldman Says the Worst May Be Over
• Positive Sentiment: Exceptional profitability remains a catalyst: Scarce AI memory is sustaining unusually high pricing and margins. Investors expect Micron’s upcoming results to demonstrate that its recent earnings surge and margin expansion are durable, potentially providing another boost to the broader memory sector. Micron Gains 2.4% as Memory’s 86% Margin Era Refuses to Break
• Neutral Sentiment: Earnings are the key near-term test: Micron’s September 30 report is widely viewed as one of the year’s most important catalysts for AI-memory stocks. The company must confirm that demand, pricing and margins can support elevated expectations after a very strong year-to-date rally. Micron’s Sept. 30 Earnings Could Be the Most Important Catalyst
• Negative Sentiment: Risks remain high: Micron’s sharp appreciation leaves the stock vulnerable to profit-taking if earnings disappoint or memory prices weaken. Longer-term competition from China, possible normalization of extraordinary margins and portfolio moves by investors reducing Micron exposure also temper the bullish outlook. Micron and Sandisk Face a New China Threat

Micron Technology Trading Up 2.8%

NASDAQ MU opened at $1,027.77 on Thursday. The stock has a market cap of $1.16 trillion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 0.63 and a beta of 2.22. Micron Technology, Inc. has a fifty-two week low of $138.34 and a fifty-two week high of $1,255.00. The stock has a 50 day simple moving average of $929.41 and a two-hundred day simple moving average of $749.50. 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 (NASDAQ:MU) last announced its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter in the prior year, the company earned $1.91 earnings per share. The firm’s revenue for the quarter was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend 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 presently 1.36%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Erste Group Bank raised shares of Micron Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Citigroup reduced their price objective on Micron Technology from $1,400.00 to $1,150.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. TD Cowen reissued a “buy” rating on shares of Micron Technology in a research note on Friday, July 10th. Rosenblatt Securities increased their target price 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, Barclays raised their price target on Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $1,295.63.

Insider Activity

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the sale, the executive vice president directly owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is owned by company insiders.

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.