Assetmark Inc. Boosts Stock Position in Micron Technology, Inc. $MU

Assetmark Inc. boosted its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 386.3% in the first quarter, Holdings Channel reports. The fund owned 373,689 shares of the semiconductor manufacturer’s stock after purchasing an additional 296,850 shares during the period. Assetmark Inc.’s holdings in Micron Technology were worth $126,247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of MU. Norges Bank purchased a new stake in shares of Micron Technology during the fourth quarter worth approximately $6,433,456,000. AQR Capital Management LLC grew its position in Micron Technology by 411.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock valued at $606,873,000 after buying an additional 2,918,535 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Micron Technology by 1,340.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer’s stock valued at $805,148,000 after buying an additional 2,625,169 shares during the last quarter. Amundi grew its position in Micron Technology by 65.0% in the 4th quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer’s stock valued at $1,424,025,000 after buying an additional 1,965,319 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after buying an additional 1,954,644 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

Shares of MU opened at $853.20 on Friday. The company has a 50-day simple moving average of $947.41 and a 200-day simple moving average of $598.20. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $963.60 billion, a PE ratio of 19.32 and a beta of 2.14. Micron Technology, Inc. has a 52-week low of $103.38 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS 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 firm had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter in the previous year, the firm earned $1.91 earnings per share. The firm’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. Equities research analysts predict that Micron Technology, Inc. will post 72.99 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be given 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 is Monday, July 6th. Micron Technology’s dividend payout ratio (DPR) is presently 1.36%.

Analysts Set New Price Targets

A number of brokerages have commented on MU. Rosenblatt Securities upped their price objective on shares of 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. Erste Group Bank raised shares of Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Morgan Stanley boosted their price target on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Melius Research assumed coverage on shares of Micron Technology in a report on Monday, April 27th. They set a “buy” rating and a $700.00 price target for the company. Finally, Susquehanna raised their price objective on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the company a “positive” rating in a research report on Thursday, June 25th. 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 company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $1,268.93.

Insider Transactions at Micron Technology

In related news, CEO Sanjay Mehrotra sold 28,506 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $1,149.28, for a total value of $32,761,375.68. Following the sale, the chief executive officer owned 355,997 shares in the company, valued at $409,140,232.16. This represents a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lynn A. Dugle sold 1,300 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 17,728 shares in the company, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 163,300 shares of company stock worth $152,667,204 over the last quarter. Insiders own 0.24% of the company’s stock.

Key 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 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.