Micron Technology, Inc. $MU Shares Sold by State Street Corp

State Street Corp lowered its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 4.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,075,870 shares of the semiconductor manufacturer’s stock after selling 2,163,613 shares during the quarter. Micron Technology comprises 1.2% of State Street Corp’s portfolio, making the stock its 10th largest holding. State Street Corp owned approximately 4.43% of Micron Technology worth $57,802,076,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Andar Capital Management HK Ltd boosted its holdings in Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock valued at $39,571,847,000 after acquiring an additional 34,278,413 shares during the period. Primecap Management Co. CA bought a new position in shares of Micron Technology in the second quarter worth about $22,182,263,000. Bank of America Corp DE lifted its position in shares of Micron Technology by 26.6% during the 2nd quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock worth $11,744,621,000 after purchasing an additional 2,136,470 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Micron Technology during the 2nd quarter worth about $8,402,393,000. Finally, Norges Bank bought a new stake in shares of Micron Technology in the fourth quarter valued at approximately $6,433,456,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the transaction, the executive vice president owned 85,737 shares of the company’s stock, valued at $92,933,763.78. The trade was a 31.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 177,204 shares of company stock valued at $182,156,264 in the last ninety days. Insiders own 0.24% of the company’s stock.

Micron Technology Stock Up 3.5%

Shares of Micron Technology stock traded up $36.77 during trading on Tuesday, reaching $1,080.73. The stock had a trading volume of 16,527,434 shares, compared to its average volume of 42,501,480. The company has a market capitalization of $1.22 trillion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 0.64 and a beta of 2.22. The stock has a fifty day moving average price of $930.16 and a two-hundred day moving average price of $780.85. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 52 week low of $154.65 and a 52 week high of $1,255.00.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same period last year, the business earned $1.91 EPS. The business’s quarterly revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts predict that Micron Technology, Inc. will post 72.98 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were given 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 dividend yield of 0.1%. Micron Technology’s payout ratio is currently 1.36%.

Analyst Ratings Changes

A number of analysts have commented on MU shares. New Street Research upgraded Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 price objective for the company in a research report on Friday, August 14th. BMO Capital Markets assumed coverage on Micron Technology in a research note on Friday, August 21st. They issued an “outperform” rating and a $1,300.00 price objective on the stock. Erste Group Bank raised shares of Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. The Goldman Sachs Group boosted their price objective on Micron Technology from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Finally, Seaport Research Partners reissued a “buy” rating on shares of Micron Technology in a research note on Friday, August 14th. Four research 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. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $1,295.63.

Key Micron Technology News

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

• Positive Sentiment: AI memory demand remains the key catalyst. Reports say Micron’s high-bandwidth memory (HBM) capacity is sold out through 2027, while data-center customers continue seeking additional supply. Strategic supply agreements and industry-wide shortages could support pricing, margins and earnings. HBM Sold Out Through 2027
• Positive Sentiment: Analysts are raising expectations ahead of earnings. Stifel maintained a Buy rating and a $1,500 price target, while another bullish estimate places fair value as high as $2,050. Erste Group also modestly increased its FY2026 EPS forecast to $72.34, close to the $72.98 consensus. Options markets imply a potentially sizable move following the report. Analysts Revise Forecasts Ahead of Earnings
• Positive Sentiment: Recent operating momentum is strong. Micron’s latest reported quarter substantially exceeded analyst expectations, with revenue rising sharply year over year and EPS reaching $25.11. Investors are also responding positively to new advanced-memory products and expectations for another, potentially smaller, earnings beat.
• Neutral Sentiment: Valuation and the earnings event raise the stakes. MU has gained more than 500% over the past year and trades near its historical high range. While bullish analysts argue traditional memory-cycle valuation metrics understate its AI opportunity, the September 30 report is likely to determine whether the rally can continue. Micron Stock Options Signal a Move
• Negative Sentiment: China is emerging as a longer-term competitive risk. ChangXin Memory Technologies (CXMT) says it has begun mass production of a newer DRAM platform with improved manufacturing economics. If Chinese capacity scales successfully, it could eventually pressure Micron’s pricing, market share and margins.
• Negative Sentiment: Labor tensions add a near-term uncertainty. Employees at one Micron memory-chip plant are seeking a larger share of the company’s substantial profits, creating a potential operational or cost risk after the stock’s dramatic advance. Micron Stock Faces Crisis at Memory-Chip Plant

Micron Technology Company 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.