Contrarius Group Holdings Ltd Decreases Stock Position in Micron Technology, Inc. $MU

Contrarius Group Holdings Ltd decreased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 4.8% in the 3rd quarter, Holdings Channel reports. The fund owned 537,645 shares of the semiconductor manufacturer’s stock after selling 27,371 shares during the period. Micron Technology accounts for 4.1% of Contrarius Group Holdings Ltd’s investment portfolio, making the stock its 10th largest holding. Contrarius Group Holdings Ltd’s holdings in Micron Technology were worth $89,959,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. REAP Financial Group LLC acquired a new position in Micron Technology during the 3rd quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Micron Technology in the third quarter valued at approximately $27,000. Cullen Frost Bankers Inc. boosted its position in Micron Technology by 79.3% in the third quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 88 shares in the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Micron Technology during the second quarter worth $30,000. Finally, Physician Wealth Advisors Inc. increased its holdings in shares of Micron Technology by 248.0% during the third quarter. Physician Wealth Advisors Inc. now owns 261 shares of the semiconductor manufacturer’s stock worth $44,000 after buying an additional 186 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology News Roundup

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

• Positive Sentiment: UBS raised its price target to $475 and reiterated a Buy rating, implying meaningful upside and signaling confidence in Micron’s AI-driven memory demand. UBS Raises Price Target
• Positive Sentiment: Analysts and outlets highlight continued very strong demand for memory/storage tied to AI data centers and the likelihood Micron will continue to beat estimates, supporting higher revenue and margins. Fool: Analysts See More Upside
• Positive Sentiment: Coverage lists Micron among top profitable AI plays (alongside NVIDIA), reinforcing investor perception of MU as a key AI-memory supplier. Zacks: Top AI Stocks
• Positive Sentiment: Micron is executing a multi-year capacity buildout (new U.S., Japan plants and a major India facility) aimed at meeting elevated HBM demand for AI — a structural revenue tailwind if demand stays strong. Yahoo: Massive AI Memory Buildout Seeking Alpha: India Facility
• Neutral Sentiment: Market consensus across analysts remains bullish overall (consensus “Buy”), which supports investor confidence but also prices in expectations. Analyst Consensus
• Neutral Sentiment: Macro headlines (e.g., geopolitical/commodity moves) could sway broad-market risk appetite and thus chip stocks, but they are secondary to Micron-specific fundamentals. Macro News
• Negative Sentiment: Concerns resurfaced about rising HBM competition and the risk of cyclical oversupply, with commentary noting a recent pullback in MU shares — this can cap near-term gains and spur volatility. Forbes: Competitive/ Supply Concerns

Analyst Upgrades and Downgrades

MU has been the topic of several recent research reports. Susquehanna raised their price objective on Micron Technology from $200.00 to $300.00 and gave the company a “positive” rating in a report on Monday, December 8th. Wall Street Zen upgraded Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Bank of America lifted their price target on Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Piper Sandler upped their price objective on Micron Technology from $275.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $360.00 price objective on shares of Micron Technology in a report on Monday. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $371.83.

Micron Technology Stock Performance

NASDAQ:MU opened at $412.67 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $455.50. The company has a 50 day simple moving average of $371.72 and a two-hundred day simple moving average of $256.07. The company has a market capitalization of $464.46 billion, a PE ratio of 39.23 and a beta of 1.50.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same period in the prior year, the firm posted $1.79 EPS. The company’s quarterly revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th were issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, December 29th. Micron Technology’s dividend payout ratio (DPR) is presently 4.37%.

Insider Activity

In other news, EVP Manish H. Bhatia sold 26,623 shares of Micron Technology stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total value of $10,410,657.92. Following the completion of the transaction, the executive vice president directly owned 323,486 shares of the company’s stock, valued at approximately $126,495,965.44. This trade represents a 7.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Teyin M. Liu bought 7,820 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The shares were acquired at an average price of $337.50 per share, for a total transaction of $2,639,250.00. Following the transaction, the director owned 25,910 shares in the company, valued at $8,744,625. This represents a 43.23% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 23,200 shares of company stock worth $7,821,723 and sold 73,623 shares worth $27,307,408. 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.