Micron Technology, Inc. $MU Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. grew its position in Micron Technology, Inc. (NASDAQ:MU) by 5.0% in the second quarter, HoldingsChannel.com reports. The fund owned 216,617 shares of the semiconductor manufacturer’s stock after buying an additional 10,384 shares during the period. Micron Technology comprises about 1.8% of QRG Capital Management Inc.’s portfolio, making the stock its 9th biggest holding. QRG Capital Management Inc.’s holdings in Micron Technology were worth $250,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of MU. Heritage Trust Co increased its holdings in shares of Micron Technology by 9.7% during the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock worth $4,289,000 after acquiring an additional 1,323 shares during the last quarter. Denali Advisors LLC bought a new stake in Micron Technology in the 2nd quarter valued at $7,364,000. Castleark Management LLC acquired a new stake in Micron Technology during the 1st quarter valued at $3,709,000. Oppenheimer & Co. Inc. lifted its holdings in Micron Technology by 16.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock valued at $56,006,000 after purchasing an additional 6,702 shares during the last quarter. Finally, Legacy Wealth Management LLC MS lifted its holdings in Micron Technology by 73.3% during the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after purchasing an additional 1,499 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Stock Performance

Shares of MU traded down $24.28 during mid-day trading on Wednesday, hitting $1,071.88. 21,446,532 shares of the company’s stock were exchanged, compared to its average volume of 42,458,512. The company has a quick ratio of 2.98, a current ratio of 3.42 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. The stock’s 50-day simple moving average is $932.42 and its 200-day simple moving average is $785.75. The firm has a market cap of $1.21 trillion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 0.66 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm’s revenue for the quarter was up 345.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.91 earnings per share. On average, equities research analysts expect that Micron Technology, Inc. will post 72.99 EPS for the current year.

Insider Activity

In other news, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the sale, the director directly owned 17,728 shares of the company’s stock, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the transaction, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on MU shares. ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. Stifel Nicolaus raised their target price on shares of Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a research note on Friday, August 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a report on Friday, August 7th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $1,296.47.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Citi raised its price target to $1,300 from $1,150 and maintained a Buy rating, citing stronger DRAM pricing, industry undersupply and sustained AI demand. The firm expects favorable memory conditions to continue into 2027. Micron Technology Target Lifted by Citi
• Positive Sentiment: UBS and Bank of America remain bullish, pointing to robust data-center demand, improving pricing, long-term contracts and potential shareholder returns. UBS said a chip shortage could deepen into 2027, while BofA is watching whether Micron can sustain gross margins near the mid-80% range. Analyst Views on Micron
• Positive Sentiment: Micron’s September 30 fiscal fourth-quarter earnings report is a major near-term catalyst. Analysts expect strong revenue, earnings and pricing commentary, with investors focused on demand visibility, margins and the duration of memory tightness.
• Neutral Sentiment: The memory trade has become a battleground. The broader semiconductor sector pulled back after a six-session advance, while Wells Fargo lowered its target and Citi raised its forecast. This reflects profit-taking and uncertainty over how much optimism is already priced into Micron after its substantial run. Micron Stock Becomes a Battleground
• Negative Sentiment: Michael Burry expanded his short position in Micron, warning that rising semiconductor production could ease supply constraints and pressure memory prices. China’s CXMT also announced a denser mobile DRAM product, raising longer-term competition concerns, although it reportedly lacks Micron’s comparable yields, HBM capabilities and global customer base. Michael Burry Expands Short Bets

Micron Technology 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.