Journey Advisory Group LLC Lowers Holdings in Micron Technology, Inc. $MU

Journey Advisory Group LLC trimmed its holdings in Micron Technology, Inc. (NASDAQ:MU) by 91.5% in the 1st quarter, HoldingsChannel reports. The firm owned 1,955 shares of the semiconductor manufacturer’s stock after selling 21,093 shares during the quarter. Journey Advisory Group LLC’s holdings in Micron Technology were worth $660,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after acquiring an additional 976 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Micron Technology by 21.7% in 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 stake in Micron Technology in the 2nd quarter valued at $236,000. Schnieders Capital Management LLC. lifted its stake in Micron Technology by 67.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock worth $2,093,000 after purchasing an additional 6,867 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Micron Technology by 5.6% in the 2nd quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock worth $49,987,000 after purchasing an additional 21,619 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: Micron’s AI memory demand remains strong, with analysts calling the company a key beneficiary of the AI infrastructure cycle and a proxy for continued AI spending.
• Positive Sentiment: The company signed long-term automotive supply agreements with Qualcomm, Harman and other major suppliers, improving visibility and expanding its memory business into AI-enabled vehicles. Reuters: Micron signs deals with Qualcomm, others for AI-powered automobile chip components
• Positive Sentiment: Recent earnings commentary says Micron delivered standout quarterly results, reinforcing the company’s momentum and supporting bullish analyst sentiment.
• Neutral Sentiment: Analysts remain divided on how much upside is left, with some arguing the stock is still attractive relative to a range of earnings scenarios while others warn the move has become volatile.
• Negative Sentiment: Micron is falling with the broader chip sector as investors worry about an AI trade pullback and locking in gains after a sharp run-up.
• Negative Sentiment: Rising concern over Chinese memory competition, especially CXMT’s planned large IPO, is pressuring sentiment around pricing and future market share.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $853.20 on Friday. The company has a market capitalization of $963.60 billion, a price-to-earnings ratio of 19.32 and a beta of 2.14. Micron Technology, Inc. has a 12 month low of $103.38 and a 12 month high of $1,255.00. The firm’s 50-day moving average is $947.41 and its 200 day moving average is $598.20. 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 (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm’s quarterly revenue was up 345.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts predict that Micron Technology, Inc. will post 72.99 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 6th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, July 6th. Micron Technology’s dividend payout ratio (DPR) is currently 1.36%.

Analyst Upgrades and Downgrades

MU has been the subject of a number of research analyst reports. UBS Group raised their price objective on Micron Technology from $535.00 to $1,625.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Susquehanna boosted their target price on Micron Technology from $1,750.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Thursday, June 25th. KeyCorp increased their price target on Micron Technology from $1,600.00 to $1,750.00 and gave the company an “overweight” rating in a research note on Tuesday. Sanford C. Bernstein set a $1,300.00 price target on Micron Technology in a report on Monday, June 22nd. Finally, TD Cowen reaffirmed a “buy” rating on shares of Micron Technology in a research note on Friday, July 10th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Micron Technology currently has an average rating of “Buy” and a consensus target price of $1,268.93.

Insiders Place Their Bets

In other Micron Technology news, Director Lynn A. Dugle sold 1,300 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the transaction, the director owned 17,728 shares of the company’s stock, valued at $20,394,823.04. This represents a 6.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the sale, the executive vice president owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 163,300 shares of company stock valued at $152,667,204 over the last quarter. 0.24% of the stock is currently owned by insiders.

Micron Technology 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.