Micron Technology, Inc. $MU Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 29,655,435 shares of the semiconductor manufacturer’s stock after selling 1,810,441 shares during the period. Micron Technology comprises approximately 3.8% of Primecap Management Co. CA’s portfolio, making the stock its 2nd biggest position. Primecap Management Co. CA’s holdings in Micron Technology were worth $4,961,948,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. American Capital Advisory LLC grew its holdings in Micron Technology by 20.4% during the third quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock worth $46,000 after buying an additional 46 shares in the last quarter. Teamwork Financial Advisors LLC lifted its stake in Micron Technology by 0.4% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer’s stock valued at $2,505,000 after acquiring an additional 53 shares in the last quarter. Blue Trust Inc. boosted its holdings in Micron Technology by 0.5% during the 3rd quarter. Blue Trust Inc. now owns 10,633 shares of the semiconductor manufacturer’s stock worth $1,779,000 after acquiring an additional 53 shares during the last quarter. Lodestone Wealth Management LLC boosted its holdings in Micron Technology by 3.2% during the 3rd quarter. Lodestone Wealth Management LLC now owns 1,693 shares of the semiconductor manufacturer’s stock worth $283,000 after acquiring an additional 53 shares during the last quarter. Finally, Allen Capital Group LLC grew its stake in shares of Micron Technology by 1.2% in the 3rd quarter. Allen Capital Group LLC now owns 4,554 shares of the semiconductor manufacturer’s stock worth $762,000 after acquiring an additional 54 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Analyst comparison argues Micron is the superior AI memory pick thanks to booming HBM demand and tight supply that boosts pricing power and margins. This supports optimism for sustained revenue/margin gains. Micron vs. Oracle: One AI Stock Is a Clear Buy Right Now
• Positive Sentiment: Micron announced a massive U.S. buildout (~US$200B headline) to expand capacity for AI memory—moves that should secure long‑term share in HBM markets and underpin revenue growth as hyperscalers scale. Micron Ramps US$200b US Buildout As AI Demand Tests Valuation
• Positive Sentiment: Bullish market commentary and analyses (MarketBeat, Forbes, 247WallSt) highlight Micron’s momentum, HBM leadership, and room for further upside despite big YTD gains—driving investor FOMO into the AI memory trade. Forget Nvidia: Micron Is Up 330% in a Year and Still Looks Cheap
• Positive Sentiment: TD Cowen and other brokers have raised long‑run EPS/earnings scenarios (TD Cowen’s $60 EPS call cited), reinforcing a growth narrative and supporting higher analyst targets. What TD Cowen’s $60 EPS Call Means for Micron Technology (MU)
• Neutral Sentiment: Micron set its fiscal Q2 earnings date for March 18; that event is the next major catalyst and could produce volatility if guidance or demand commentary differs from bullish expectations. Micron Technology to Report Fiscal Second Quarter Results on March 18, 2026
• Neutral Sentiment: Market chatter includes stock‑split speculation and questions about whether to lock profits after large gains—these are sentiment drivers but not fundamental changes. Will Micron Technology Stock Split?
• Negative Sentiment: Several pieces note valuation is being tested—large capex and a rich multiple mean disappointment on guidance or slower HBM adoption could trigger a sharp pullback. Micron Ramps US$200b US Buildout As AI Demand Tests Valuation

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein raised their price target on shares of Micron Technology from $270.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. Piper Sandler upped their price objective on shares of Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Citigroup lifted their target price on shares of Micron Technology from $330.00 to $385.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Cantor Fitzgerald boosted their target price on Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, Raymond James Financial upped their target price on Micron Technology from $190.00 to $310.00 and gave the company 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 given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $358.38.

Insider Activity at Micron Technology

In other news, Director Steven J. Gomo sold 5,000 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $263.63, for a total transaction of $1,318,150.00. Following the completion of the transaction, the director owned 19,139 shares in the company, valued at approximately $5,045,614.57. This represents a 20.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 25,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $429.89, for a total value of $10,747,250.00. Following the completion of the sale, the executive vice president owned 248,021 shares in the company, valued at $106,621,747.69. This represents a 9.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have purchased 23,200 shares of company stock worth $7,821,723 and have sold 73,623 shares worth $27,307,408. 0.24% of the stock is owned by insiders.

Micron Technology Stock Up 2.6%

Micron Technology stock opened at $429.00 on Thursday. The firm has a 50 day moving average price of $362.73 and a 200-day moving average price of $249.11. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $455.50. The company has a market capitalization of $482.84 billion, a P/E ratio of 40.78 and a beta of 1.52.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $12.62 billion. During the same quarter in the previous year, the firm posted $1.79 EPS. Micron Technology’s revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, equities analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

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.