Engineers Gate Manager LP Sells 90,141 Shares of Micron Technology, Inc. $MU

Engineers Gate Manager LP lessened its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 88.9% during the second quarter, Holdings Channel reports. The institutional investor owned 11,265 shares of the semiconductor manufacturer’s stock after selling 90,141 shares during the quarter. Engineers Gate Manager LP’s holdings in Micron Technology were worth $13,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in MU. Andar Capital Management HK Ltd raised its stake in Micron Technology by 856,960.3% in the 2nd 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. Norges Bank bought a new position in Micron Technology during the fourth quarter worth about $6,433,456,000. Primecap Management Co. CA bought a new position in Micron Technology during the second quarter worth about $22,182,263,000. Legal & General Group Plc purchased a new position in shares of Micron Technology in the second quarter worth about $8,402,393,000. Finally, Situational Awareness LP increased its stake in shares of Micron Technology by 1,149.0% in the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock worth $5,573,819,000 after purchasing an additional 5,289,124 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 85,737 shares in the company, valued at $92,933,763.78. The trade was a 31.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 177,204 shares of company stock valued at $182,156,264. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Price Performance

MU stock opened at $927.60 on Wednesday. The firm has a 50 day moving average of $928.01 and a 200-day moving average of $764.35. The firm has a market capitalization of $1.05 trillion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 0.58 and a beta of 2.22. Micron Technology, Inc. has a 12 month low of $154.65 and a 12 month high of $1,255.00. 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 posted its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. During the same quarter in the prior year, the firm posted $1.91 EPS. Micron Technology’s 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. As a group, sell-side analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is presently 1.36%.

Analysts Set New Price Targets

MU has been the topic of a number of recent research reports. Sanford C. Bernstein set a $1,300.00 price target on shares of Micron Technology in a research note on Monday, June 22nd. Raymond James Financial lifted their price objective on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. UBS Group reissued a “buy” rating on shares of Micron Technology in a report on Monday, August 10th. Rosenblatt Securities increased their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, Wolfe Research set a $1,500.00 price target on Micron Technology in a report on Thursday, June 25th. Four equities 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’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $1,295.63.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron demonstrated what it describes as the world’s first 512GB DDR5 RDIMM across multiple server platforms. The module reaches speeds of up to 9,200 MT/s and uses more than 60% less operating power than four 128GB modules, strengthening Micron’s position in data-center memory and AI infrastructure. Micron ultra-dense memory module announcement
• Positive Sentiment: Strong AI-related memory demand remains the core bullish argument. Analysts and industry commentary point to tight DRAM supply, high-bandwidth memory demand, planned capacity expansion and potentially extended shortages, supporting Micron’s revenue and pricing outlook. Micron AI memory cycle analysis
• Positive Sentiment: Micron appointed semiconductor veteran Deirdre Hanford to lead Micron Research Labs. The facility is backed by a planned $10 billion, decade-long investment focused on memory, compute architectures, advanced packaging and manufacturing, potentially supporting longer-term technology leadership. Micron Research Labs leadership announcement
• Neutral Sentiment: Commentary remains bullish, with some analysts and Jim Cramer supporting substantially higher price targets. However, these opinions are not new company guidance and depend on continued AI spending, strong memory pricing and successful execution. Jim Cramer Micron thesis
• Negative Sentiment: A Taiwan union representing Micron workers is keeping strike preparations alive while demanding a permanent profit-sharing arrangement. A labor disruption at a major manufacturing hub could create production delays, higher costs or additional uncertainty during a supply-constrained period. Reuters report on Micron Taiwan labor dispute
• Negative Sentiment: Recent warnings from AI leaders calling for slower development triggered a broader technology selloff and renewed questions about future hyperscaler spending. Although infrastructure demand may remain intact, any reduction in AI capital expenditures would threaten Micron’s high-growth memory outlook and elevated valuation. AI concerns affecting semiconductor stocks

About Micron Technology

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.