Franklin Resources Inc. Trims Stock Holdings in Micron Technology, Inc. $MU

Franklin Resources Inc. cut its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 23.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,019,179 shares of the semiconductor manufacturer’s stock after selling 615,765 shares during the quarter. Franklin Resources Inc.’s holdings in Micron Technology were worth $337,849,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after buying an additional 976 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Micron Technology by 21.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after acquiring an additional 628 shares during the last quarter. United Bank bought a new position in Micron Technology during the 2nd quarter valued at $236,000. Schnieders Capital Management LLC. grew its holdings in Micron Technology by 67.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock worth $2,093,000 after acquiring an additional 6,867 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Micron Technology during the 2nd quarter worth $691,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Wolfe Research raised its price target to $500, citing an AI memory boom that should sustain revenue and margin upside for Micron. Micron (MU) Stock Surges as Wolfe Research Sets $500 Price Target on AI Memory Boom
• Positive Sentiment: Susquehanna lifted its target to $525 and Citigroup also raised its target, reflecting stronger dealer/analyst conviction ahead of Micron’s earnings. Analyst upgrades are a immediate catalyst for buying pressure. Susquehanna Boosts Micron Technology (NASDAQ:MU) Price Target to $525.00
• Positive Sentiment: Supply tightness on HBM — Seeking Alpha reports HBM is sold out for 2026 — supporting stronger pricing and near‑term revenue visibility for Micron’s high‑margin AI memory products. Micron Technology: HBM Sold Out For 2026, Wall Street Is Still Underpricing
• Positive Sentiment: Applied Materials announced partnerships with Micron (and others) around AI memory chip production tools — a sign of ecosystem alignment and investment behind AI memory expansion. Applied Materials forges partnerships with Micron and SK Hynix for AI memory chips
• Positive Sentiment: Multiple outlets note that a wave of analyst upgrades has driven intraday buying (reported rallies of ~5%+), amplifying momentum into earnings week. Why Micron stock is soaring nearly 5% today?
• Neutral Sentiment: Analyst previews and AI stock roundups include Micron as a top AI‑exposure pick; these thematic pieces increase investor attention but are not new company-specific catalysts. AI Stocks Worth Adding to Your Portfolio for Healthy Returns
• Neutral Sentiment: Street expects an earnings beat next week; previews (Zacks, TipRanks, Citi commentary) highlight revenue and EPS upside but also make results a focal point for near‑term volatility. Micron (MU) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Negative Sentiment: Some analysts and commentators warn the stock looks “toppy” after recent big gains and prior sharp corrections; valuation and mean‑reversion risk remain real if AI demand disappoints or supply ramps unexpectedly. Is Micron Getting Toppy? Not According to These Pros Who See Even More Upside Ahead

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MU. The Goldman Sachs Group restated a “neutral” rating and issued a $360.00 target price on shares of Micron Technology in a research note on Monday, March 2nd. Royal Bank Of Canada began coverage on Micron Technology in a research note on Thursday, January 15th. They issued an “outperform” rating and a $425.00 price target for the company. Cantor Fitzgerald boosted their price objective on Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. William Blair initiated coverage on Micron Technology in a research note on Thursday, January 22nd. They set an “outperform” rating on the stock. Finally, Wolfe Research increased their target price on Micron Technology from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $381.14.

Micron Technology Stock Up 3.9%

Shares of Micron Technology stock opened at $418.69 on Thursday. The stock has a market capitalization of $471.24 billion, a price-to-earnings ratio of 39.80 and a beta of 1.50. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $455.50. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. The business’s 50 day simple moving average is $386.74 and its 200-day simple moving average is $268.56.

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

Micron Technology Announces Dividend

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

Insider Buying and Selling at Micron Technology

In other news, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the completion of the transaction, the executive vice president owned 165,618 shares in the company, valued at approximately $45,891,091.62. This represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sumit Sadana sold 25,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the sale, the executive vice president directly owned 248,021 shares in the company, valued at approximately $106,621,747.69. This trade represents a 9.16% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have purchased 23,200 shares of company stock valued at $7,821,723 and have sold 73,623 shares valued at $27,307,408. Insiders own 0.24% of the company’s stock.

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.