Kennedy Investment Group Sells 8,726 Shares of Micron Technology, Inc. $MU

Kennedy Investment Group lowered its holdings in Micron Technology, Inc. (NASDAQ:MU) by 44.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,735 shares of the semiconductor manufacturer’s stock after selling 8,726 shares during the period. Kennedy Investment Group’s holdings in Micron Technology were worth $1,796,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of MU. Vanguard Group Inc. grew its stake in shares of Micron Technology by 1.9% in the second quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after acquiring an additional 1,973,294 shares during the last quarter. State Street Corp raised its stake in Micron Technology by 2.7% during the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock valued at $6,331,795,000 after purchasing an additional 1,349,713 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Micron Technology by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock valued at $3,152,974,000 after purchasing an additional 314,489 shares during the period. Norges Bank acquired a new stake in Micron Technology in the 2nd quarter worth $1,980,700,000. Finally, Invesco Ltd. grew its position in Micron Technology by 3.2% in the 2nd quarter. Invesco Ltd. now owns 8,913,450 shares of the semiconductor manufacturer’s stock worth $1,098,583,000 after purchasing an additional 277,507 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the transaction, the chief financial officer owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $210.02, for a total value of $1,848,176.00. Following the sale, the chief accounting officer owned 40,237 shares in the company, valued at $8,450,574.74. The trade was a 17.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 318,800 shares of company stock valued at $72,333,387 in the last ninety days. 0.24% of the stock is owned by corporate insiders.

Key Micron Technology News

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

• Positive Sentiment: Multiple analyst upgrades and big price-target raises are supporting the rally—Cantor Fitzgerald, KeyCorp and Bank of America have recently raised targets and ratings, boosting bullish sentiment and upside expectations. Analyst Price Target Raises
• Positive Sentiment: MarketBeat: Micron’s HBM production is being accelerated (Singapore packaging, Boise/Japan fabs, Clay NY megafab) and HBM/HBM4 demand remains sold out — a direct revenue and pricing tailwind for 2026–27. Micron: Accelerating HBM Ramp Extends Growth Into 2027
• Positive Sentiment: Bank of America analyst commentary and other bull notes (AmericanBankingNews) say MU has further upside given strong fundamentals and demand — adds conviction to buy-side flows. BofA Analyst Expects MU to Rise
• Neutral Sentiment: Zacks and other outlets highlight MU’s momentum (Zacks Rank #1, growth-stock profiles) and that MU tripled in 2025 — useful context for momentum/inflow-driven price moves but less new fundamental news. Best Growth Stocks to Buy for Jan. 14
• Negative Sentiment: Barron’s reports SK Hynix is planning a $13B memory plant — a large-capacity push from a competitor that raises the risk of faster supply additions and pricing pressure in future cycles. SK Hynix Plans $13 Billion Plant
• Negative Sentiment: Analyst and Seeking Alpha pieces warn of key risks — cyclical valuation, potential oversupply, peak margins and calls to take profits or trim ahead of heavy cap outflows; these notes can trigger short-term selling or consolidation. Three Significant Risks

Micron Technology Stock Down 1.4%

Shares of NASDAQ MU opened at $333.35 on Thursday. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $351.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. The business has a fifty day moving average of $263.43 and a two-hundred day moving average of $189.11. The stock has a market cap of $375.19 billion, a PE ratio of 31.69, a PEG ratio of 0.21 and a beta of 1.50.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, topping 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 business had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. During the same quarter last year, the company posted $1.79 EPS. The firm’s revenue for the quarter was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, equities research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th were paid a $0.115 dividend. The ex-dividend date was Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s payout ratio is 4.37%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Mizuho upped their price objective on shares of Micron Technology from $290.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Needham & Company LLC boosted their price target on Micron Technology from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Stifel Nicolaus raised their price objective on Micron Technology from $195.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Piper Sandler lifted their price objective on Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $300.00 target price on shares of Micron Technology in a research note on Monday, December 15th. Five analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $316.14.

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.